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MINISO Group Announces September Quarter 2021 Results GUANGZHOU , China , November 18 , 2021 / PRNewswire / -- MINISO Group Holding Limited ( NYSE : MNSO ) ( “ MINISO ” , “ MINISO Group " 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 first quarter of fiscal year 2022 ended September 30 , 2021 . Financial Highlights for the First Quarter of Fiscal Year 2022 ended September 30 , 2021 • Revenue was RMB2,654.1 million ( US $ 411.9 million ) , exceeding the high end of the Company's guidance range of RMB2,450 million to RMB2,650 million , representing an increase of 28.1 % year over year and 7.4 % quarter over quarter . • Gross profit was RMB728.4 million ( US $ 113.1 million ) , representing an increase of 39.4 % year over year and 14.0 % quarter over quarter . Gross margin was 27.4 % , compared to 25.2 % in the same period of 2020 and 25.8 % in the previous quarter . Operating profit was RMB213.5 million ( US $ 33.1 million ) , compared to a loss of RMB2.1 million in the same period of 2020 and a profit of RMB 187.8 million in the previous quarter . • Profit for the period was RMB154.5 million ( US $ 24.0 million ) , compared to a loss of RMB1,676.3 million in the same period of 2020 and a profit of RMB111.2 million in the previous quarter . • Adjusted net profit¹ was RMB184.2 million ( US $ 28.6 million ) , representing an increase of 80.3 % year over year and 27.0 % quarter over quarter . Adjusted net margin¹ was 6.9 % , compared to 4.9 % in the same period of 2020 and 5.9 % in the previous quarter . Operational Highlights for the First Quarter of Fiscal Year 2022 ended September 30 , 2021 • Number of MINISO stores increased to 4,871 as of September 30 , 2021 , representing a quarterly net addition of 122 stores , compared to a quarterly net addition of 108 stores in the same period of 2020 and 162 stores in the previous quarter , respectively . • Number of MINISO stores in China increased to 3,035 as of September 30 , 2021 , representing a quarterly net addition of 96 stores , compared to a quarterly net addition of 100 stores in the same period of 2020 and 127 stores in the previous quarter , respectively . • Number of MINISO stores in overseas markets increased to 1,836 as of September 30 , 2021 , representing a quarterly net addition of 26 stores , compared to a quarterly net addition of 8 stores in same period of 2020 and 35 stores in the previous quarter , respectively . • Number of TOP TOY stores increased to 72 as of September 30 , 2021 , representing a quarterly net addition of 39 stores , compared to a quarterly net addition of 24 stores in the previous quarter . The following table provides a breakdown of the number of MINISO and TOPTOY stores as well as their year - over - year and quarter - over - quarter changes of the relevant dates : See the sections titled " Non - IFRS Financial Measures " and " Reconciliation of Non - IFRS Financial Measures " in this press release for more information . 1