GUANGZHOU, China- MINISO Group Holding Limited (NYSE: MNSO; HKEX: 9896) ('MINISO', 'MINISO Group' or the 'Company'), a global value retailer offering a variety of design-led lifestyle products, today announced its unaudited financial results for the first quarter of fiscal year 2023 ended September 30, 2022.

Financial Highlights for the First Quarter of Fiscal Year 2023 ended September 30, 2022

Revenue was RMB2,772.4 million (US$389.7 million), representing an increase of 4.5% year over year and 19.6% quarter over quarter.

Gross profit was RMB988.6 million (US$139.0 million), representing an increase of 35.7% year over year and 28.1% quarter over quarter.

Gross margin was 35.7%, compared to 27.4% in the same period of 2021 and 33.3% in the previous quarter.

Operating profit was RMB509.5 million (US$71.6 million), representing an increase of 138.6% year over year and 87.3% quarter over quarter.

Profit for the period was RMB404.1 million (US$56.8 million), representing an increase of 161.5% year over year and 93.9% quarter over quarter.

Adjusted net profit(1) was RMB417.4 million (US$58.7 million), representing an increase of 126.6% year over year and 87.3% quarter over quarter.

Adjusted net margin(1)was 15.1%, compared to 6.9% in the same period of 2021 and 9.6% in the previous quarter.

Notes:

(1) See the sections titled 'Non-IFRS Financial Measures' and 'Reconciliation of Non-IFRS Financial Measures' in this press release for more information.

Operational Highlights for the First Quarter of Fiscal Year 2023 ended September 30, 2022

Number of MINISO stores was 5,296 as of September 30, 2022, increasing by 425 stores year over year and 97 stores quarter over quarter, respectively.

Number of MINISO stores in China was 3,269 as of September 30, 2022, increasing by 234 stores year over year and 43 stores quarter over quarter, respectively.

Number of MINISO stores in overseas markets was 2,027 as of September 30, 2022, increasing by 191 stores year over year and 54 stores quarter over quarter, respectively.

Number of TOP TOY stores was 109 as of September 30, 2022, increasing by 37 stores year over year and 12 stores quarter over quarter, respectively.

The following table provides a breakdown of the number of MINISO and TOP TOY stores as well as their year-over-year and quarter-over-quarter changes as of the relevant dates:

See details at: https://ir.miniso.com/2022-11-13-MINISO-Group-Announces-September-Quarter-2022-Financial-Results

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