MINISO Group Holding Ltd Files 20-F for Fiscal Year Ended December 31, 2023

TL;DR

<b>MINISO Group Holding Ltd has submitted its 20-F annual report for the fiscal year ending December 31, 2023.</b>

AI Summary

MINISO Group Holding Ltd (MSOGF) filed a Foreign Annual Report (20-F) with the SEC on April 16, 2024. MINISO Group Holding Ltd filed its annual report on Form 20-F for the fiscal year ended December 31, 2023. The filing covers the period up to December 31, 2023, with the as-of date being April 16, 2024. The company's principal executive offices are located in Guangzhou, China. The filing includes financial data and operational details for the reported period. MINISO Group Holding Ltd is classified under the SIC code 5331 for Variety Stores.

Why It Matters

For investors and stakeholders tracking MINISO Group Holding Ltd, this filing contains several important signals. This 20-F filing provides investors with a comprehensive overview of MINISO's financial performance and business operations for the fiscal year 2023, enabling informed investment decisions. The detailed financial statements and disclosures within the 20-F are crucial for understanding the company's financial health, risks, and strategic direction as of December 31, 2023.

Risk Assessment

Risk Level: low — MINISO Group Holding Ltd shows low risk based on this filing. The filing is a standard annual report (20-F) and does not contain immediate, significant new risks or material adverse events beyond typical disclosures for a publicly traded company.

Analyst Insight

Review the detailed financial statements and risk factors within the 20-F to assess MINISO's performance and outlook for the upcoming fiscal year.

Financial Highlights

revenue

42401000

total Assets

69295000

total Debt

2065000

revenue Growth

0.053763

Key Numbers

• 2023-12-31 — Fiscal Year End (The period covered by the 20-F filing)
• 2024-04-16 — Filing Date (Date the 20-F was submitted to the SEC)
• 5331 — SIC Code (Industry classification for MINISO)

Key Players & Entities

• MINISO Group Holding Ltd (company) — Filer of the 20-F report
• 0001104659-24-047458 (filing_id) — Accession number for the filing
• 2024-04-16 (date) — Filing date of the 20-F
• 2023-12-31 (date) — Conformed period of report
• 5331 (sic_code) — Standard Industrial Classification for Variety Stores
• Guangzhou (location) — City of company's business and mail address

FAQ

Industry Context

MINISO Group Holding Ltd operates in the variety store retail sector, offering a wide range of consumer products.

Regulatory Implications

As a foreign private issuer, MINISO files an annual report on Form 20-F, which is a comprehensive disclosure document required by the SEC.

What Investors Should Do

1. Analyze the revenue and debt figures provided in the financial highlights.
2. Review any disclosed risk factors for potential impacts on the company's operations.
3. Compare key financial metrics with previous periods if available to identify trends.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 20-F
• 2024-04-16: Filing Date — Date the 20-F was officially submitted

Year-Over-Year Comparison

This filing is the annual 20-F report for the fiscal year ending December 31, 2023, providing updated financial and operational information.

Key Financial Figures

• $0.00001 — nting four ordinary shares, par value US$0.00001 per share) MNSO The New York Stock
• $ — he MINISO Retail Partner model; and "US$," "U.S. dollars," "$," and "dollars" re
• $1 — were made at the rate at RMB7.0999 to US$1.0000, the exchange rate as set forth in
• $1,075.0 million — 266.9 million and RMB7,632.5 million (US$1,075.0 million) in the six months ended December 31, 2
• $456.5 million — 985.7 million and RMB3,241.0 million (US$456.5 million) in the six months ended December 31, 2
• $176.9 million — 763.9 million and RMB1,256.1 million (US$176.9 million) in the six months ended December 31, 2
• $682.1 million — 360.2 million and RMB4,843.1 million (US$682.1 million) in the six months ended December 31, 2
• $392.9 million — 906.7 million and RMB2,789.3 million (US$392.9 million) in the six months ended December 31, 2
• $0.2 million — nd RMB0.9 million and RMB1.2 million (US$0.2 million) in the six months ended December 31, 2
• $618.5 million — 281.2 million and RMB4,391.4 million (US$618.5 million) in the six months ended December 31, 2

Filing Documents

• mnso-20231231x20f.htm (20-F) — 7931KB
• mnso-20231231xex12d1.htm (EX-12.1) — 13KB
• mnso-20231231xex12d2.htm (EX-12.2) — 13KB
• mnso-20231231xex13d1.htm (EX-13.1) — 8KB
• mnso-20231231xex13d2.htm (EX-13.2) — 8KB
• mnso-20231231xex15d1.htm (EX-15.1) — 2KB
• 0001104659-24-047458.txt (&nbsp;) — 35633KB
• mnso-20231231_def.xml (EX-101.DEF) — 600KB
• mnso-20231231_lab.xml (EX-101.LAB) — 1238KB
• mnso-20231231_pre.xml (EX-101.PRE) — 1006KB
• mnso-20231231.xsd (EX-101.SCH) — 186KB
• mnso-20231231_cal.xml (EX-101.CAL) — 146KB
• mnso-20231231x20f_htm.xml (XML) — 10738KB

Financial Statements

Financial Statements 28 Item 18.

Financial Statements

Financial Statements 28 Item 19. Exhibits 29

SIGNATURES

SIGNATURES 30 i Table of Contents INTRODUCTION In this transition report, except where the context otherwise requires, unless otherwise indicated and for purposes of this transition report only: "ADRs" refers to the American depositary receipts which may evidence the ADSs; "ADSs" refers to our American depositary shares, each representing four ordinary shares, par value US$0.00001 per share; "China" or "PRC" refers to the People's Republic of China; "core SKU" refers to SKU that generates over RMB50,000 in sales during a consecutive six-month period; "Hong Kong" or "HK" or "Hong Kong S.A.R." are to the Hong Kong Special Administrative Region of the PRC; "IFRS" refers to International Financial Reporting Standards as issued by the International Accounting Standards Board; "MINISO," "we," "us," "our company" and "our" refer to MINISO Group Holding Limited, our Cayman Islands holding company and its subsidiaries; "MINISO Retail Partner" refers to a franchisee under our MINISO Retail Partner model, a franchise-like store model with chain store characteristics, where the franchisee bears the store opening capital expenditure and store operating expenses to join our "MINISO" or "TOP TOY" branded retail store franchise. Other distinguishing features of the MINISO Retail Partner model include: (1) we retain ownership of inventory in the franchisee's store before it gets sold to consumers; (2) we provide store management and consultation services to the franchisee for a fee, which include standardized guidance in certain key aspects of store operation; and (3) the franchisee keeps the remaining portion of the in-store sales proceeds after remitting a certain portion to us; "MINISO store" refers to any of the stores operated under the "MINISO" brand name, including those directly operated by us, those operated under the MINISO Retail Partner model, and those operated under the distributor model; "RMB" and "Renminbi" refer to the legal currency of China; "SK

Operating and Financial Review and Prospects

Item 5. Operating and Financial Review and Prospects The following discussion of our financial condition and results of operations is based upon, and should be read in conjunction with, our audited consolidated financial statements and the related notes included in this transition report on Form 20-F. This report contains forward-looking statements. See "Forward-Looking Information." In evaluating our business, you should carefully consider the information provided under the caption "Item 3. Key Information—D. Risk Factors" of our annual report on Form 20-F filed with the United States Securities and Exchange Commission on October 19, 2023, or our 2023 Annual Report. We caution you that our businesses and financial performance are subject to substantial risks and uncertainties . A. Operating Results We are a global value retailer offering a variety of trendy lifestyle products featuring IP design. We have built our flagship brand "MINISO" as a globally recognized retail brand and established a store network worldwide. Observing an emerging pop toy culture, we introduced the "TOP TOY" brand with the goal of entering into the pop toy market and eventually building our platform of pop toys. In the six months ended December 31, 2023, we launched an average of approximately 930 SKUs under the "MINISO" brand per month, and offered consumers a wide selection of approximately 9,500 core SKUs, the vast majority of which are under the "MINISO" brand. Our MINISO product offerings span 11 major categories, including home decor, small electronics, textile, accessories, beauty tools, toys, cosmetics, personal care, snacks, fragrance and perfumes, and stationery and gifts. Under the TOP TOY brand, we offered around 8,400 SKUs as of December 31, 2023 across major categories that include blind boxes, toy bricks, model figures, model kits, collectible dolls, Ichiban Kuji and other popular toys. Our highly effective approach to retail, which mainly encompasses dynamic product d

View Full Filing

View this 20-F filing on SEC EDGAR