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MINISO InvestorRoom MINISO Announces Unaudited Results for the Second Quarter of Fiscal Year 2021 GUANGZHOU , China , Feb. 25 , 2021 / PRNewswire / -- MINISO Group Holding Limited ( NYSE : MNSO ) ( " MINISO " or the " Company " ) , a fast - growing global value retailer offering a variety of design - led lifestyle products , today announced its unaudited financial results for the second quarter of fiscal year 2021 ended December 31 , 2020 . Financial Highlights for Second Quarter of Fiscal Year 2021 • Revenue in the second quarter of fiscal year 2021 was RMB2,297.7 million ( US $ 352.1 million ) , within the Company's guidance range of RMB2,200 million and RMB2,400 million , representing a decrease of 18.1 % from the same period of the prior fiscal year and an increase of 10.9 % from the previous quarter . • Gross profit in the second quarter of fiscal year 2021 wasRMB642.8 million ( US $ 98.5 million ) , representing a decrease of 27.6 % from the same period of the prior fiscal year and an increase of 23.0 % from the previous quarter . • Operating profit in the second quarter of fiscal year 2021 was RMB54.3 million ( US $ 8.3 million ) , compared to RMB329.8 million in the same period of the prior fiscal year and an operating loss of RMB2.1 million in the previous quarter . • Profit from continuing operations in the second quarter of fiscal year 2021 was RMB20.8 million ( US $ 3.2 million ) , compared to a loss of RMB205.2 million in the same period of the prior fiscal year and a loss oRMB1,676.3 million in the previous quarter . • Adjusted net profit [ 1 ] in the second quarter of fiscal year 2021 wasRMB84.0 million ( US $ 12.9 million ) , compared to RMB389.8 million in the same period of the prior fiscal year and RMB102.1 million in the previous quarter . Operational Highlights for Second Quarter of Fiscal Year 2021 • Number of MINISO stores increased to 4,514 as of December 31 , 2020 , from 4,211 as of December 31 , 2019 and 4,330 as of September 30 , 2020 . • The Company expanded its business into two additional countries and regions in the second quarter of fiscal year 2021. The following table provides a breakdown of the number of MINISO stores as of the relevant dates : As of December 31 , September 30 , 2019 2020 December 31 , 2020 Number of MINISO stores [ 2 ] 4,211 4,330 4,514 China 2,543 2,633 2,768 -Directly operated stores 8 5 5 ―Third - party stores 2,535 2,628 2,763 Overseas [ 3 ] 1,668 1,697 1,746 -Directly operated stores 126 115 105 -Third - party stores 1,542 1,582 1,641 [ 1 ] See the section titled " Non - IFRS Financial Measure " for more information about the non - IFRS financial measure referred to in this press release . [ 2 ] " MINISO stores " are any of the stores operated under the " MINISO " brand name , including those directly operated by the Company ( " Directly operated stores " ) , and those operated by third parties under the MINISO Retail Partner model and the distributor model ( " Third - party stores " ) . [ 3 ] Overseas stores exclude a small number of stores under certain overseas businesses that the Company had disposed of as of June 30 , 2020. The Company completed such business disposal during the period from December 2019 to April 2020 . Mr. Guofu Ye , Founder , Chairman , and Chief Executive Officer of MINISO , commented , " We are pleased to see our domestic operations delivered a well- rounded and encouraging quarterly performance , while our overseas operations also moved further along its path of recovery . During the quarter , we added 184 new stores to our global store network . While the pandemic hit off - line retailers globally in calendar year 2020 , we added 303 new stores during the year , demonstrating our partners ' confidence in our resilient business model and faster - than - average recovery speed . " Mr. Ye continued , " In December , we announced our ' X ' strategy , further illustrating our commitment to becoming a global leading new - retail platform . Our team has accumulated core strengths in supply chain management , retail know - how , asset - light business model and digitization , and we will leverage these strengths in our new initiatives such as TopToy . " Mr. Saiyin Zhang , Chief Financial Officer and Executive Vice President of MINISO , commented , " We concluded calendar year on a positive note as both our top and bottom lines showed solid recovery trends . On a sequential basis , our revenue increased by 11 % , with overseas revenue increasing by 32 % and domestic revenue increasing by 7 % . Our growth recovery was attributable to a 4 % growth in our store count and a 7 % growth in our average revenue per store quarter over quarter . In addition , we are delighted to report a substantial improvement in our operating profit , which we expect to normalize over