Miniso profits rise 16pc to 2.6 billion yuan

Chinese retailer Miniso (9896) recorded a net profit of 2.6 billion yuan (HK$2.81 billion) in 2024, marking a 16 percent year-on-year increase, thanks to growing revenue.

Adjusted net profit recorded more than 2.7 billion yuan, up 15.7 percent from the previous year. 

The company declared a final cash dividend of US$0.3268 (HK$2.549) per American depository share or US$0.0817 per ordinary share.

Revenue last year reached 17 billion yuan, up 23 percent yearly, mainly driven by an 18 percent rise in the average number of stores.

The company reported a total gross merchandise value of 30.4 billion yuan for the year.  

Miniso expects to complete the acquisition of Yonghui Superstores within the first quarter of 2025. 

As of the end of last year, the number of Miniso stores worldwide increased by 1,091, reaching a total of 7,504.

STAFF REPORTER