名创优品-2021财年第三季度名创优品财务报告（PPT版）-2021.5-8页_730kb

MINISO March Quarter 2021 Results Summary

Core Content

This document outlines the financial performance and business highlights of MINISO for the March quarter of 2021. It provides key metrics such as revenue, store count, profitability indicators, and details about the company's strategic initiatives, including the TOP TOY brand expansion.

Main Points

Financial Performance

• Revenue: The financial results for the March quarter include unaudited quarterly consolidated financial statements. The revenue figures are presented in RMB million.
• Profitability:
  • Gross Margin: Achieved 28.1%, the highest in the recent 4 quarters.
  • Adj. Operating Margin: Reached 8.7%, the highest in the recent 5 quarters.
  • Adj. Net Margin: Achieved 6.7%, the highest in the recent 4 quarters.
• Non-IFRS Profit:
  • The document includes adjusted net profit and adjusted net margin figures, which are non-IFRS financial measures. These are not intended to be considered in isolation or as a substitute for IFRS financial information. The reconciliation to IFRS measures is provided within the presentation or the earnings press release.

Business Highlights

• Store Growth:
  • As of March 31, 2021, the number of MINISO stores is highlighted.
  • As of May 16, 2021, the store count is also mentioned.
  • The company excludes a small number of overseas stores that were disposed of as of June 30, 2020.
• Store Distribution:
  • The store count is presented as a percentage of net revenues.
• TOP TOY Expansion:
  • Omni-channel Presence: 25 stores in 15 cities, plus a Tmall Flagship Store and 30DK fans in the WeChat Mini Program.
  • Product Line: Sculptures are introduced as the 8th product category.
  • SKU Increase: The number of SKUs increased from 1,500 to approximately 2,500 compared to the previous quarter.

Key Information

• Forward-Looking Statements: The document contains forward-looking statements that are subject to risks and uncertainties. These include expectations regarding future performance, market growth, and strategic plans.
• Disclaimer: The information provided is not intended to be relied upon for making any contract or investment decision. The company does not undertake any obligation to update forward-looking statements unless required by law.
• Date of Presentation: The data in this presentation is as of March 31, 2021. It is important to note that the company does not assume any responsibility for changes in its affairs after this date.
• Financial Statements: The revenue and profitability figures are based on unaudited quarterly consolidated financial statements.

Summary of Figures

• Revenue by Quarters: A chart is provided to illustrate revenue trends across quarters, with figures in RMB million.
• Number of MINISO Stores: A chart showing the store count as a percentage of net revenues.
• Steady Gross Margin Recovery: A chart illustrating the company's gross margin recovery over time.
• Steady Net Profit Recovery: The net profit recovery is also highlighted, though no specific figures are provided in the text.

Strategic and Operational Notes

• The company is focusing on expanding its product range and enhancing its omni-channel presence, particularly through digital platforms such as the WeChat Mini Program.
• The strategic emphasis on the retail market, especially the branded variety retail of lifestyle products in China and globally, is a key driver of growth.
• The company's mission, goals, and strategies are central to its future business development and financial performance.

Conclusion

MINISO's March quarter 2021 results reflect a strong financial performance with notable improvements in gross margin, adjusted operating margin, and adjusted net margin. The company continues to expand its retail presence both domestically and internationally, with a focus on the TOP TOY brand and digital integration. The financial data provided is based on unaudited figures and includes forward-looking statements that are subject to various risks and uncertainties.