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Exclusive Discounts Up to 38% and Limited Edition Gifts HONG KONG, Dec. 4, 2024 /PRNewswire/ -- As December approaches, the highly anticipated Hong Kong Brands and Products Expo is just around the corner. Herbalgy Pharmaceutical Limited, a proud participant in this annual shopping event for many years, is excited to announce a wide array of exclusive promotions in celebration of its 25th anniversary. The more you buy, the more you save, with select products available at discounts of up to 38%. Exciting Offers Await at the 2024 Hong Kong Brands and Products Expo: Herbalgy Presents Exclusive Deals & Debuting "Yick Kee Balanced Tea Limited" Health Tea Bags! Comprehensive Health Solutions with New Products Founded in 1999 by renowned Traditional Chinese Medicine expert Professor Wong Tin Chee, Herbalgy has successfully expanded its product range over the past 25 years to include the "Tibet Red" and "Touch Cool" brands, catering to various pain relief needs. To further promote health and wellness among urban residents, Herbalgy will showcase six varieties of tea bags in collaboration with "Yick Kee Balanced Tea Limited" at this year's expo, including Ginseng Wubao Tea, Licorice Root, Embryo Chrysanthemum and Honeysuckle Tea. Professor Wong's father established the "Yick Kee Balanced Tea Limited" herbal tea shop on Nam Cheong Street in Sham Shui Po in 1968. Adapting to modern demands, Professor Wong combines traditional herbal remedies with dietary therapy, presenting "Yick Kee Balanced Tea Limited" in convenient tea bags to encourage a healthy lifestyle for urban dwellers. This blend of modern Traditional Chinese Medicine and traditional herbal tea provides immediate health benefits. Exclusive On-Site Promotions The expo atmosphere promises to be vibrant, and in addition to product discounts, Herbalgy will offer a variety of specially designed limited-edition gifts. All gifts are available in limited quantities and will be distributed while stocks last. Featured offers at the booth* include: Spend HK$180 and receive a portable thermal bottle (valued at HK$180). Spend HK$400 and receive a mini umbrella and an R6 RESETER massage stick (valued at a total of HK$319). Spend HK$1,000 and receive a non-slip yoga mat (valued at HK$599). Spend HK$700 and pay with electronic payment to enjoy a 5% discount; spend HK$1,500 to enjoy a 10% discount. The first 25 customers daily who spend HK$100 can purchase a 5ml bottle of Touch-Cool, Herbalgy Medicated Balm or Carthami Flos Pain Relieving Oil for just HK$1. Engaging Overseas Customers The expo attracts numerous local and Greater Bay Area consumers each year. To extend the excitement to overseas shoppers, Herbalgy will offer exclusive shopping perks on its official online store during the expo. Customers purchasing HK$600 or more online will receive a 12% discount on their entire order (excluding shipping costs)*. Overseas consumers can also participate in this annual event. Offers are subject to terms and conditions; all gifts are available in limited quantities while stocks last. 58th Hong Kong Brands and Products Expo - Herbalgy Booth Details Date: December 14, 2024 – January 6, 2025Location: Victoria Park, Causeway Bay, Hong KongBooth: 4C10-12 About Herbalgy Herbalgy Pharmaceutical Ltd. is a company that captures the essence of Hong Kong. Founded in 1999 by the renowned Traditional Chinese Medicine Professor Wong Tin Chee, he has been inspired by his father, Wong To Yick, since childhood. With a deep passion for Traditional Chinese Medicine and herbal medicine research, Professor Wong has inherited his father's wisdom and expertise. He is committed to adhering to his father's philosophy of "focusing on addressing the root cause rather than merely treating the symptoms" and the principle of "viewing pain as a crucial indicator for identifying underlying issues." Following the establishment of the family business, Professor Wong was encouraged by his father to create the well-known "Herbalgy" brand. This name reflects the company's commitment to promoting healthy meridians and overall well-being. With decades of clinical experience and a love for Hong Kong's traditional Chinese medicine, he established a GMP-standard factory in Hong Kong to ensure the scientific production of traditional medicinal oils and plasters. He has since launched the brands "Touch Cool," "Herbalgy," and "Tibet Red," which blend the unique characteristics of Hong Kong with accessible medicinal oils, magnetic therapy, herbal remedies, and physical therapy, making them some of the most enduring and best-selling brands in the region. These brands offer straightforward, medication-based home care solutions designed for the early prevention of chronic pain resulting from poor blood circulation in urban lifestyles. For more information about Herbalgy, please visit:Website: https://herbalgy.comFacebook: https://www.facebook.com/Herbalgy/Instagram: https://www.instagram.com/herbalgyhk/ Media contact:info@sortieagency.com
BEIJING, Dec. 2, 2024 /PRNewswire/ -- Chinese President Xi Jinping on Monday stressed comprehensively advancing high-quality cooperation under the Belt and Road Initiative (BRI).Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, made the remarks when addressing a symposium on BRI development, according to the Xinhua News Agency on Monday.It is imperative to strengthen strategic confidence, maintain strategic focus and act courageously with a sense of responsibility to create a brighter future for Belt and Road cooperation, Xi said.Since the initiative was put forth in 2013, major achievements have been made in Belt and Road cooperation, which contributed to enhancing China's friendship with participating countries and promoting their economic and social development, Xi said.Noting that the world has entered a new period of turbulence and change in recent years, he urged efforts to appropriately manage all types of risks and challenges and effectively address the impact of geopolitical conflicts while advancing high-quality Belt and Road cooperation.It is necessary to properly handle the relationship between strengthening participating countries' sense of fulfillment and ensuring the benefits for China, Xi said, while calling for concrete measures to safeguard China's overseas interests.Xi consecutively proposed building the Silk Road Economic Belt and the 21st Century Maritime Silk Road in 2013. The pairing later came to be known as the BRI. For more than a decade, China has worked hand in hand with various parties to promote the initiative as a widely welcomed international public good and cooperation platform. Today, the BRI has evolved from ideas into actions and from a vision into reality.Li Haidong, a professor at China Foreign Affairs University, hailed the BRI as "a remarkable success," not only in establishing a connected network along its route but also through the implementation of numerous infrastructure projects. "This initiative has fostered mutual understanding and shared benefits, creating a positive framework for cooperative development, and contributing to the establishment of an open and inclusive international order," Li told the Global Times. The BRI has had a profound impact on local communities. Infrastructure development, high-speed rail operations, increased goods circulation, and growing personnel exchanges have brought new hope and opportunities, raised local incomes and enhanced people's expectations for the future, the expert said on Monday.Uniting for Global Progress2024 marks the beginning of the second decade of the BRI cooperation. Since the beginning of this year, the "circle of friends" participating in the initiative has been expanding, and its value furthermore increasing. It has opened up a path of development and prosperity that benefits the world, painting a magnificent picture of jointly building a community with a shared future for mankind, China Central Television (CCTV) reported on Monday.In the past few days, a shipment of cars and various goods from China rolled into Chancay Port in Peru, while at the same time, colorful baskets brimming with Peru's blueberries and avocados are making their way into China.Such lively exchanges are the result of a flagship project signed under BRI cooperation framework between China and Peru, as the two sides inaugurated the Chancay Port half a month ago that further enhanced long-standing, deep connections between the two countries. With the opening of the port, the one-way shipping time between China and Peru is reduced to 23 days, saving over 20 percent in logistics costs and creating more than 8,000 direct jobs in Peru each year, according to CCTV.During Xi's recent trip to Latin America, China and Brazil decided to establish synergies between the BRI and Brazil's own development strategies, focusing on expanding and deepening cooperation in areas such as sustainable development, infrastructure, finance, energy transition, and aerospace. This marks the comprehensive expansion of the BRI's international cooperation framework in the Latin American region.Throughout the 11 years, international cooperation under the BRI has flourished, witnessing the completion of a number of landmark projects one after another, such as the China-Laos railway, the Budapest-Belgrade railway, and the Jakarta-Bandung high-speed railway, CCTV reported. Thanks to the joint construction of BRI, the Maldives now has its first cross-sea bridge, villagers in drought-stricken areas of Senegal have more reliable access to drinking water, and the Padmo Para Village in Bangladesh ended their history of living without electricity ... These "small yet smart" projects have taken roots over the decade, bringing unimaginable benefits to local people's livelihoods, said the CCTV report.Currently, over 200 cooperation documents have been signed with more than 150 countries and over 30 international organizations. This year, the "Silk Road Maritime" added 10 new lines, now reaching 145 ports in 46 countries and regions; the "Air Silk Road" is also expanding rapidly, covering over 200 cities worldwide. The China-Europe Railway Express (CRE) is running more frequently, with cumulative operations exceeding 100,000 trains, creating a service network that essentially covers the entire Eurasian continent, the CCTV report said.The World Bank has estimated that by 2030, BRI-related projects and investments could lift 7.6 million people out of extreme poverty and 32 million others out of moderate poverty.Empowering the Global South "Belt and Road cooperation is based on the belief that flame runs high when everyone adds wood to the fire and that mutual support can get us far. Such cooperation seeks to deliver a good life not only to people of just one country, but to people in other countries as well," Xi said at the opening ceremony of the third Belt and Road Forum for International Cooperation in October last year.Media reported that Michele Geraci, former undersecretary of state at the Italian Ministry of Economic Development, praised the BRI as a typical example of how China shares its prosperity with the rest of the world at a forum held in Beijing in November.Geraci said that "China has championed a new kind of international relations featuring win-win cooperation, mutual respect and equal partnership.""In BRI cooperation, China emphasizes the principles of consultation, joint contribution, and shared benefits. Through collaboration with partner countries, China has encouraged them to pursue independent development," Wang Yiwei, a professor at the Renmin University of China in Beijing, told the Global Times.Furthermore, China has brought the results of years of agricultural and industrial revolutions to partner countries, helping them bypass obstacles and achieve leapfrog growth, while avoiding reliance on the technologies and models of developed countries.China also promotes green development and digital transformation. The digital industrialization and green energy projects under the BRI provided new development models for the Global South, the expert added.
New strategic partnership to integrate BBTruck's globally pioneering supply chain and logistics technology platform with Haulio's container haulage platform TAIPEI, Dec. 2, 2024 /PRNewswire/ -- BBTruck, a global leader in supply chain and logistics technology, has announced a strategic partnership with Haulio, Singapore's largest and fastest-growing logistics tech startup in Southeast Asia. This collaboration aims to strengthen the region's logistics ecosystem by integrating BBTruck's supply chain platform with Haulio's container haulage services, enhancing logistics efficiency across both long- and short-haul routes. BBTruck and Haulio Partner to Deliver Seamless, End-to-End Supply Chain Logistics from Sea to Shore BBTruck provides a one-stop B2B supply chain logistics technology platform, enabling precise capacity calculations and resource allocation, optimizing logistics management. Haulio, Singapore's largest B2B truck transportation digital platform, focuses on matching port container transport for port operators, trucking companies, and customers. Haulio currently collaborates with about 90% of Singapore's container logistics companies. By integrating with Haulio's platform, BBTruck will automate fleet assignments upon container arrival, minimizing empty trips and delivering enhanced supply chain logistics management. This partnership also marks BBTruck's expansion into Southeast Asia, opening new market opportunities for its customers. BBTruck and Haulio Deliver Seamless Transport From Sea to Shore, Enhancing Global Logistics and Supply Chain Efficiency International maritime shipping plays a critical role in global trade, accounting for about 85% of global commerce, with an annual compound growth rate of over 5%. As Southeast Asia emerges as a key logistics hub, the demand for streamlined supply chains is increasing. A Forbes Insights report highlights that two-thirds of logistics companies see "technological innovation" as key to productivity and performance. "As international maritime shipping continues to thrive, container throughput at ports will inevitably increase. We are very optimistic about the global growth potential of major commercial ports in Southeast Asia," said Steven Chou, CEO and co-founder of BBTruck. "The majority of traditional logistics companies worldwide still rely too heavily on communicating with ports with paper and phones, manually arranging transport and routes, and keeping manual records after containers successfully reach port. We are happy to partner with Haulio to help traditional logistics providers address the long-standing pain points of fragmented and hard-to-integrate information, thereby enhancing global companies' international trade competitiveness and supply chain management flexibility." BBTruck Integrates Haulio's Container Haulage Platform To Optimize Both Long and Short Supply Chain Logistics Journeys BBTruck creates a transparent supply chain logistics management platform for businesses and logistics providers, integrating key data on various truck sizes, equipment, real-time orders, carrying capacity, and addresses to significantly reduce logistics costs and delivery times. Through the integration of Haulio's "Haulio Connectivity System," which matches port container transport, BBTruck will deepen its presence in existing markets including Taiwan and North America while officially expanding into the Southeast Asia market for maritime container logistics services, building a comprehensive world-class logistics ecosystem. With Haulio's technology enhancing international shipping container data integration, fleet management, and matching, BBTruck's global customers will be able to match available trucks for container transport as soon as containers arrive at the delivery port, using BBTruck's supply chain and logistics technology platform. From port to final destination, BBTruck will offer a convenient API integration interface and comprehensive data exchange framework, enabling full monitoring of capacity data and tracking of shipment status and routes, providing businesses with a seamless, more efficient logistics journey that covers both sea and land transportation. "The logistics industry is at the heart of global trade and key supply chains, and the role of the Southeast Asian market is becoming increasingly important, said Alvin Ea, Co-Founder and CEO of Haulio. "Haulio has long focused on the Singapore and Southeast Asian markets, and through our automated container haulage platform, traditional container transport companies can improve their transport efficiency. BBTruck's vision of revolutionizing supply chain logistics through technology aligns perfectly with our core values. This strategic partnership marks a new milestone in realizing seamless connectivity between ocean and land transport. We believe this will lead more global supply chain and logistics companies toward successful digital transformation." Through this strategic partnership, BBTruck will accelerate its expansion into Southeast Asian markets, including Singapore, Indonesia, Malaysia, Thailand, and Vietnam. Building on Haulio's years of market presence and operational capacity in Southeast Asia, BBTruck will establish local transport fleets and partner ecosystems, providing global customers with more efficient and transparent logistics services. BBTruck aims to revolutionize supply chain logistics in Southeast Asia, balancing flexibility and efficiency in every delivery. About BBTruck Founded in 2019, BBTruck is a pioneering one-stop platform for supply chain and logistics technology. Our mission is to build a transparent, shared global logistics ecosystem that simplifies supply chain management. As a leader in logistics technology, BBTruck uses cutting-edge solutions for precise capacity calculation and allocation, ensuring efficient, flexible, and sustainable logistics. Since launch, BBTruck has served over 50 top-tier enterprises in technology, healthcare, international logistics, and retail. BBTruck is also the first to achieve carbon-neutral transportation, driving the green logistics revolution and advancing toward a zero-carbon future. For more information, visit BBTruck's official website: https://bbtruck.cc/index_en.html About Haulio Haulio is Singapore's fastest-growing container haulage platform, with the greater vision of connecting global trade to local first-mile transportation across ASEAN. The company believes in uplifting the industry by empowering its ecosystem of users with its technology. Through the optimisation of resources, Haulio aims to revolutionize international freight logistics towards a collaborative and sustainable future. For more information, visit www.haulio.io.
Conference highlights strategic initiatives aimed at bolstering the development of Western China's financial hub CHONGQING, China, Dec. 1, 2024 /PRNewswire/ -- The 5th Jiangbeizui New Financial Conference was held on November 28 at Chongqing Financial Convention and Exhibition Center, gathering over 500 participants from local government agencies, regulatory authorities and financial institutions. The conference focused on discussions and strategic planning for the development of the Western Financial Center. Jiangbei District is home to a quarter of the city's financial institutions. The district is a major player in the city's economy, with its financial sector accounting for one-fifth of both local and foreign currency deposits and loans. Jiangbei also leads in the number or listed companies and their market capitalization. Tao Shixiang, Secretary of Jiangbei District Party Committee, highlighted the district's leading economic performance, "Finance-led industries have fueled Jiangbei's rapid economic growth, with the district's GDP soaring 7.6% in the first three quarters, ranking first in the city." A key event at the conference was the signing of a memorandum of cooperation between the Institute of Directors (IoD) of the City of London and the Chongqing Jiangbeizui Central Business District Management Committee. Additionally, Zhou Hehua, Executive Deputy Director of Chongqing Municipal Financial Office and Director of the Chongqing Local Financial Supervision and Administration Bureau, unveiled the White Paper on the Development of the Western Financial Center (Chongqing). The Jiangbei District Government, in collaboration with the China Insurance Asset Registration and Trading System, Xinhua Finance Western Center, and several banks and insurance firms, launched the Insurance Funds Entry into Chongqing Service Platform. Two innovative projects were also unveiled: the Western Certified FinTech Training Base and the Joint Laboratory for Digital Government Innovative Applications. A report on the key performance indicators for the Upper Yangtze River was released during the ceremony, offering a detailed quantitative analysis of the river's expanding role as an inland shipping hub—a development greatly bolstered by the integration of rail-water intermodal transport.. The conference featured keynote speeches from a panel of distinguished financial leaders, including Xiao Gang, former Chairman of China Securities Regulatory Commission; Zhou Yanli, former Vice Chairman of China Insurance Regulatory Commission; John McLean, Chairman of the City of London IoD and Chairman of the China UK Business Development Centre, shared insights into London's evolution into one of the world's most important financial hubs.
GUANGZHOU, China, Nov. 29, 2024 /PRNewswire/ -- MINISO Group Holding Limited (NYSE: MNSO; HKEX: 9896) ("MINISO", "MINISO Group" or the "Company"), a global value retailer offering a variety of trendy lifestyle products featuring IP design, today announced its unaudited financial results for the quarter and the nine months ended September 30, 2024. Financial Highlights Highlights for the Nine Months Ended September 30, 2024 Revenue in the first nine months of 2024 was RMB12,281.3 million (US$1,750.1 million), increasing 22.8% year over year. Gross profit increased 34.1% year over year to RMB5,419.8 million (US$772.3 million). Gross margin was 44.1%, compared to 40.4% in the same period of 2023. Operating profit increased 14.3% year over year to RMB2,347.4 million (US$334.5 million). Profit for the period increased 11.6% year over year to RMB1,825.7 million (US$260.2 million). Adjusted net profit(1) increased 13.7% year over year to RMB1,928.1 million (US$274.8 million). Adjusted net profit for the first nine months of 2024 included a net foreign exchange loss of RMB21.7 million (US$3.1 million), compared to a net foreign exchange gain of RMB47.8 million in the same period of last year. Excluding net foreign exchange loss and gain, adjusted net profit would have increased 18.3% year over year. Adjusted net margin(1) was 15.7%, compared to 17.0% in the same period of 2023. Excluding net foreign exchange loss and gain, adjusted net profit margin would have been 15.9%, compared to 16.5% in the same period of 2023. Adjusted EBITDA(1) increased 20.6% year over year to RMB3,107.1 million (US$442.8 million). Adjusted EBITDA margin(1) was 25.3%, compared to 25.8% in the same period of 2023. Cash position(2) was RMB6,284.1 million (US$895.5 million) as of September 30, 2024, compared to RMB6,887.0 million as of December 31, 2023. Net cash from operating activities was RMB2,031.1 million (US$289.4 million). Capital expenditure was RMB565.5 million (US$80.6 million) and free cash flow was RMB1,465.6 million (US$208.8 million) in the first nine months of 2024. Highlights for September Quarter Revenue was RMB4,522.6 million (US$644.5 million), increasing 19.3% year over year. Gross profit increased 28.2% year over year to RMB2,030.0 million (US$289.3 million). Gross margin was 44.9%, another record high for the Company, compared to 41.8% in the same period of 2023. Operating profit increased 8.2% year over year to RMB852.6 million (US$121.5 million). Profit for the period increased 4.9% year over year to RMB648.3 million (US$92.4 million). Adjusted net profit(1) increased 6.9% year over year to RMB686.2 million (US$97.8 million). Adjusted net margin(1) was 15.2%, compared to 16.9% in the same period of 2023. Adjusted EBITDA(1) increased 12.4% year over year to RMB1,139.8 million (US$162.4 million). Adjusted EBITDA margin(1) was 25.2%, compared to 26.8% in the same period of 2023. Basic and diluted earnings per ADS both increased 6.1% year over year to RMB2.08(US$0.30). Adjusted basic and diluted earnings per ADS(1) both increased 7.8% year over year to RMB2.20 (US$0.31). Operational Highlights Total number of stores on group level was 7,420 as of September 30, 2024, an increase of 859 net new stores in the first nine months of 2024. Number of MINISO stores was 7,186 as of September 30, 2024, an increase of 773 net new stores in the first nine months of 2024. -Number of MINISO stores in mainland China was 4,250 as of September 30, 2024, a net increase of 324 in the first nine months of 2024, compared to 3,926 as of December 31, 2023. -Number of MINISO stores in overseas markets was 2,936 as of September 30, 2024, a net increase of 449 in the first nine months of 2024, compared to 2,487 as of December 31, 2023. Number of TOP TOY stores was 234 as of September 30, 2024, with a record opening of 86 net new stores in the first nine months of 2024. Notes: (1) See the sections titled "Non-IFRS Financial Measures" and "Reconciliation of Non-IFRS Financial Measures" in this press release for more information. (2) "Cash position" refers to the combined balance of the Company's cash and cash equivalents, restricted cash, term deposits with original maturity over three months, and other investments recorded as current assets. The following table provides a breakdown of the Company's store network and its growth. The directly operated stores of the Company has more than doubled from a year ago. For the first nine months of 2024, the Company had a net increase of 202 directly operated stores, 184 of which were located in overseas markets. As of September 30, 2023 December31, 2023 September 30, 2024 YoY Year to Date(3) Number of MINISO stores(1) 6,115 6,413 7,186 1,071 773 Mainland China 3,802 3,926 4,250 448 324 —Directly operated stores 20 26 29 9 3 —Third-party stores 3,782 3,900 4,221 439 321 Overseas 2,313 2,487 2,936 623 449 —Directly operated stores 202 238 422 220 184 —Third-party stores 2,111 2,249 2,514 403 265 Number of TOP TOY stores(2) 122 148 234 112 86 —Directly operated stores 9 14 29 20 15 —Third-party stores 113 134 205 92 71 Notes: (1) "MINISO stores" refers to the offline stores operated under the "MINISO" brand, including those directly operated by the Company, and those operated by third parties under the MINISO Retail Partner model and the distributor model. (2) "TOP TOY stores" refers to the offline stores operated under the "TOP TOY" brand, including those directly operated by the Company, and those operated by third parties under the MINISO Retail Partner model. (3) "Year to Date" refers to the nine months ended September 30, 2024. Mr. Guofu Ye, Founder, Chairman, and CEO of MINISO, commented, "MINISO's global footprints continue to expand steadily. As of September 30, 2024, the Group's total number of stores reached 7,420 with a net increase of 859 stores in the first nine months of 2024, representing only one step away from our annual target of 900 to 1,100 net new stores. Both the net growth of stores of MINISO overseas and TOP TOY for the first nine months of 2024 exceeded their net growth of stores for the whole year of 2023. On the group level, revenue grew 23% year over year to RMB12.28 billion, mainly attributable to 19% growth in average store count and low-single digit same-store sales growth. We are well on track to reach our annual target." "In the past September, we entered into share purchase agreements to acquire 29.4% stake in Yonghui Superstores Co., Ltd. (the "Yonghui"). We believe that the retail industry will have two important trends going forward, including quality retailing and interest-driven consumption, which require enterprises to emphasize more on product innovation and consumer experience. Despite short-term macro headwinds and uncertainties, MINISO Group remains focused on our long-term strategies, especially IP strategy and globalization strategy, leveraging global store network, global design capabilities and global supply chain integration capabilities to bring joy and happiness to our consumers around the world. Meanwhile, MINISO's core business is committed to its five-year development plan. Moving forward, MINISO Group will stick to our dividend policy of paying out no less than 50% of adjusted net profit each year. We will continue to carry out dynamic share buybacks to bring predictable returns to the Company's shareholders." Mr. Ye continued. Mr. Eason Zhang, CFO of MINISO, commented, "Thanks to higher overseas revenue contribution and MINISO brand upgrade, the Company's gross margin for the first nine months of 2024 reached 44.1%, representing 3.7 percentage points increase year over year. Overseas revenue contribution increased from 32% last year to 37% this year. With effective execution of IP strategy, each of our business segment had improvement in gross margin, especially MINISO overseas and TOP TOY both had middle to high single digit improvement. We continue to invest in strategic markets, especially the U.S. market. As of September 30, 2024, our overseas directly operated stores has more than doubled from a year ago. Despite that our overseas markets are at investment stage, our margins maintained at healthy level under effective expenses control. For the first nine months of 2024, adjusted net margin was 15.7% while adjusted EBITDA margin was 25.3%. We believe that our margins will gradually stabilize under lean operation and disciplined expense management. MINISO Group generated RMB2.03 billion net cash from operating activities and RMB1.47 billion free cash flow for the first nine months of 2024. As of September 30, 2024, our cash position was RMB6.28 billion. Turning to capital allocation, the Company has distributed over RMB600 million cash dividends at the end of September this year. From year to date, the Company has returned about RMB1.6 billion to shareholders through dividends and share buybacks. Our capital allocation strategy will continue to balance growth of the Company and our commitment to bring stable and foreseeable returns to shareholders." "We published the notice of the extraordinary shareholder meeting (the "EGM") regarding the stake transaction of Yonghui last Friday, announcing the convening of EGM on January 17, 2025. So far, the transaction is moving forward as planned and is expected to be closed during the first half of 2025. It is expected that no more than 40% of consideration for the transaction will be funded by internal financial resources. We will leverage borrowing facilities to optimize capital structure and enhance our return on capital while maintain strong cash reserves. Our financial strategy will remain disciplined in terms of budgeting, cost controls and capital allocation as we are committed to delivering stable profit and healthy cash flows." Mr. Zhang concluded. Unaudited Financial Results for the Nine Months Ended September 30, 2024 Revenue was RMB12,281.3 million (US$1,750.1 million), representing an increase of 22.8% year over year, primarily driven by an 18.5% year-over-year increase in average store count, and a low-single digit same-store sales growth on group level. Revenue from mainland China increased by 14.0% to RMB7,738.4 million (US$1,102.7 million), including (i) an increase of 11.8% in revenue from MINISO's offline stores in mainland China, which was primarily due to a 14.7% year-over-year growth in average store count, while same-store sales down mid-single digit compared to prior year's level, and (ii) an increase of 42.5% in revenue from TOP TOY, which was powered by a mid-single digit same-store sales growth and a rapid growth in average store count. Revenue from overseas markets increased 41.5% to RMB4,542.9 million (US$647.4 million). The year-over-year increase was primarily due to an increase of 22.5% in average store count, coupled with a high-single digit same-store sales growth. Revenue from overseas markets contributed 37.0% of the Company's total revenue for the first nine months of 2024, compared to 32.1% for the same period in 2023. For more information on the composition and year-over-year change of revenue, please refer to the "Unaudited Additional Information" in this press release. Cost of sales was RMB6,861.6 million (US$977.8 million), representing an increase of 15.2% year over year. Gross profit was RMB5,419.8 million (US$772.3 million), representing an increase of 34.1% year over year. Gross margin was 44.1%, with an increase of 3.7 percentage points. The year-over-year increase was primarily due to (i) higher revenue contribution from overseas directly operated markets, which accounted for 19.9% of group revenue in the first nine months of 2024, compared to 14.9% in the same period of 2023 on a comparable basis(1), and (ii) improved gross margin of TOP TOY brand, due to a shift in product mix towards more profitable products. Selling and distribution expenses were RMB2,518.5 million (US$358.9 million), increased by 61.6% year over year. Excluding share-based compensation expenses, selling and distribution expenses were RMB2,457.8 million (US$350.2 million), increased by 62.7% year over year. The year-over-year increase was mainly attributable to the Company's investments into directly operated stores both in mainland China and overseas markets to pursue the future success of the Company's business, especially in strategic overseas markets such as the U.S. market. For the first nine months of 2024, revenue from directly operated stores increased 103.7%, while related expenses including rental and related expenses, depreciation and amortization expenses and payroll excluding share-based compensation expenses increased 75.2%. For the first nine months of 2024, we added 18 and 184 directly operated store in mainland China and overseas markets, respectively. Promotion and advertising expenses increased 38.4%, as a percentage of revenue stabilizing at around 3% in both comparative periods. Licensing expenses increased 38.0%, due to the Company's growing IP library and enriched offerings of IP products. Logistics expenses increased 52.3%, mainly reflecting the rising freight costs caused by the tension in international shipping. General and administrative expenses were RMB654.8 million (US$93.3 million), increased by 33.6% year over year. Excluding share-based compensation expenses, general and administrative expenses were RMB613.1 million (US$87.4 million), increased by 28.1% year over year. The year-over-year increase was primarily due to the increase in personnel-related expenses in relation to the growth of the Company's business. Other net income was RMB78.5 million (US$11.2 million), compared to RMB42.2 million in the same period of 2023. The year-over-year increase was mainly due to an increase in investment income in wealth management products and an increase in fair value of an investment, partially offset by a net foreign exchange loss. Operating profit was RMB2,347.4 million (US$334.5 million), representing an increase of 14.3% year over year. Net finance income was RMB41.9 million (US$6.0 million), compared to RMB120.1 million in the same period of 2023. The year-over-year decrease was mainly due to (i) a decrease of RMB50.2 million in finance income as a result of reduced bank deposit principal and lower interest rate, and (ii) an increase of RMB28.1 million in finance costs due to an increase in lease liabilities, in line with the Company's investment in directly operated stores. Profit for the period was RMB1,825.7 million (US$260.2 million), compared to RMB1,636.2 million in the same period of 2023, representing an increase of 11.6% year over year. Adjusted net profit, which represents profit for the period excluding equity-settled share-based payment expenses, was RMB1,928.1 million (US$274.8 million), representing an increase of 13.7% year over year. Adjusted net profit included a net foreign exchange loss of RMB21.7 million (US$3.1 million) for the first nine months of 2024, compared to a net foreign exchange gain of RMB47.8 million in the same period of last year. Excluding net foreign exchange loss and gain, adjusted net profit would have increased 18.3% year over year. Adjusted net margin was 15.7%, compared to 17.0% in the same period of 2023. Excluding net foreign exchange loss and gain, adjusted net margin would have been 15.9%, compared to 16.5% in the same period of 2023. Adjusted EBITDA increased 20.6% year over year to RMB3,107.1 million (US$442.8 million). Adjusted EBITDA margin was 25.3%, compared to 25.8% in the same period of 2023. Basic earnings per ADS increased 12.3% year over year to RMB5.84 (US$0.83), compared to RMB 5.20 in the same period of 2023. Diluted earnings per ADS increased 12.4% year over year to RMB5.80 (US$0.83), compared to RMB 5.16 in the same period of 2023. Adjusted basic earnings per ADS increased 14.1% year over year to RMB6.16 (US$0.88), compared to RMB5.40 in the same period of 2023. Adjusted diluted earnings per ADS increased 14.2% year over year to RMB6.12 (US$0.87), compared to RMB5.36 in the same period of 2023. Cash position, which was the combined balance of the Company's cash and cash equivalents, restricted cash, term deposits, and other investments recorded as current assets was RMB6,284.1 million (US$895.5 million) as of September 30, 2024, compared to RMB6,887.0 million as of December 31, 2023. Net cash from operating activities was RMB2,031.1 million (US$289.4 million). Capital expenditure was RMB565.5 million (US$80.6 million) and free cash flow was RMB1,465.6 million (US$208.8 million) in the first nine months of 2024. Unaudited Financial Results for the September Quarter 2024 Revenue was RMB4,522.6 million (US$644.5 million), representing an increase of 19.3% year over year. Revenue from mainland China increased by 8.7% year over year, primarily driven by (i) an increase of 5.7% in revenue from MINISO brand in mainland China, and (ii) an increase of 50.4% in revenue from TOP TOY. Revenue from overseas markets increased 39.8% to RMB1,810.9 million (US$258.1 million), primarily driven by (i) an increase of 55.4% in revenue from overseas directly operated markets on a comparable basis(1), and (ii) an increase of 26.5% in revenue from overseas distributor markets on a comparable basis(1). For more information on the composition and year-over-year change of revenue, please refer to the "Unaudited Additional Information" in this press release. Cost of sales was RMB2,492.6 million (US$355.2 million), representing an increase of 12.9% year over year. Gross profit was RMB2,030.0 million (US$289.3 million), representing an increase of 28.2% year over year. Gross margin was 44.9%, an increase of 3.1 percentage points year over year. Selling and distribution expenses were RMB996.5 million (US$142.0 million), representing an increase of 55.5% year over year. Excluding share-based compensation expenses, selling and distribution expenses were RMB977.2 million (US$139.3 million), representing an increase of 57.4% year over year. General and administrative expenses were RMB236.2 million (US$33.7 million), representing an increase of 38.5% year over year. Excluding share-based compensation expenses, general and administrative expenses were RMB217.6 million (US$31.0 million), representing an increase of 30.4% year over year. Other net income was RMB36.8 million (US$5.2 million), compared to RMB1.0 million in the same period of 2023. The year-over-year increase was mainly due to an increase in investment income in wealth management products and an increase in fair value of an investment, partially offset by a net foreign exchange loss. Operating profit was RMB852.6 million (US$121.5 million), representing an increase of 8.2% year over year. Net finance income was RMB7.8 million (US$1.1 million), compared to RMB57.9 million in the same period of last year. The year-over-year decrease was mainly due to (i) a decrease of RMB44.3 million in finance income as a result of reduced bank deposit principal and lower interest rate, and (ii) an increase of RMB5.7 million in finance costs due to an increase in lease liabilities, in line with the Company's investment in directly operated stores. Profit for the period was RMB648.3 million (US$92.4 million), representing an increase of 4.9% year over year. Adjusted net profit, which represents profit for the period excluding equity-settled share-based payment expenses, was RMB686.2 million (US$97.8 million), representing an increase of 6.9% year over year. Adjusted net margin was 15.2%, compared to 16.9% in the same period of 2023. Adjusted EBITDA was RMB1,139.8 million (US$162.4 million), representing an increase of 12.4% year over year. Adjusted EBITDA margin was 25.2%, compared to 26.8% in the same period of 2023. Basic and diluted earnings per ADS were both RMB2.08 (US$0.30), representing an increase of 6.1% year over year from RMB1.96 in the same period of 2023. Adjusted basic and diluted earnings per ADS were both RMB2.20 (US$0.31), representing an increase of 7.8% year over year from RMB2.04 in the same period of 2023. Note: (1) "Comparable basis" refers to the basis that excludes the impacts from market transitions from overseas distributor markets to directly operated markets, or vice versa. Conference Call The Company's management will hold an earnings conference call at 4:00 A.M. Eastern Time on Friday, November 29, 2024 (5:00 P.M. Beijing Time on the same day) to discuss the financial results. Simultaneous interpretation in English will be provided during the conference call. The conference call can be accessed by the following Zoom link or dialing the following numbers: Access 1 Join Zoom meeting. Zoom link: https://zoom.us/j/95133958059?pwd=lm4fHDsWTXEaqHF4VsGl7gWrIhe5iS.1Meeting Number: 951 3395 8059Meeting Passcode: 9896 Access 2 Listeners may access the call by dialing the following numbers with the same meeting number and passcode with access 1. United States: +1 689 278 1000 (or +1 719 359 4580) Hong Kong, China: +852 5803 3730 (or +852 5803 3731) United Kingdom: +44 203 481 5237 (or +44 131 460 1196) France: +33 1 7037 9729 (or +33 1 7037 2246) Singapore: +65 3158 7288 (or +65 3165 1065) Canada: +1 438 809 7799 (or +1 204 272 7920) Access 3 Listeners can also access the meeting through the Company's investor relations website at https://ir.miniso.com/. The replay will be available approximately two hours after the conclusion of the live event at the Company's investor relations website at https://ir.miniso.com/. About MINISO Group MINISO Group is a global value retailer offering a variety of trendy lifestyle products featuring IP design. The Company serves consumers primarily through its large network of MINISO stores, and promotes a relaxing, treasure-hunting and engaging shopping experience full of delightful surprises that appeals to all demographics. Aesthetically pleasing design, quality and affordability are at the core of every product in MINISO's wide product portfolio, and the Company continually and frequently rolls out products with these qualities. Since the opening of its first store in China in 2013, the Company has built its flagship brand "MINISO" as a globally recognized retail brand and established a massive store network worldwide. For more information, please visit https://ir.miniso.com/. Exchange Rate The U.S. dollar (US$) amounts disclosed in this press release, except for those transaction amounts that were actually settled in U.S. dollars, are presented solely for the convenience of the readers. The conversion of Renminbi (RMB) into US$ in this press release is based on the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of September 30, 2024, which was RMB7.0176 to US$1.0000. The percentages stated in this press release are calculated based on the RMB amounts. Non-IFRS Financial Measures In evaluating the business, MINISO considers and uses adjusted net profit, adjusted net margin, adjusted EBITDA, adjusted EBITDA margin, adjusted basic and diluted net earnings per share and adjusted basic and diluted net earnings per ADS as supplemental measures to review and assess its operating performance. The presentation of these non-IFRS financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with IFRS. MINISO defines adjusted net profit as profit for the period excluding equity-settled share-based payment expenses. MINISO calculates adjusted net margin by dividing adjusted net profit by revenue for the same period. MINISO defines adjusted EBITDA as adjusted net profit plus depreciation and amortization, finance costs and income tax expense. Adjusted EBITDA margin is computed by dividing adjusted EBITDA by revenue for the period. MINISO computes adjusted basic and diluted net earnings per ADS by dividing adjusted net profit attributable to the equity shareholders of the Company by the number of ADSs represented by the number of ordinary shares used in the basic and diluted earnings per share calculation on an IFRS basis. MINISO computes adjusted basic and diluted net earnings per share in the same way as it calculates adjusted basic and diluted net earnings per ADS, except that it uses the number of ordinary shares used in the basic and diluted earnings per share calculation on an IFRS basis as the denominator instead of the number of ADSs represented by these ordinary shares. MINISO presents these non-IFRS financial measures because they are used by the management to evaluate its operating performance and formulate business plans. These non-IFRS financial measures enable the management to assess its operating results without considering the impacts of the aforementioned non-cash and other adjustment items that MINISO does not consider to be indicative of its operating performance in the future. Accordingly, MINISO believes that the use of these non-IFRS financial measures provides useful information to investors and others in understanding and evaluating its operating results in the same manner as the management and board of directors. These non-IFRS financial measures are not defined under IFRS and are not presented in accordance with IFRS. These non-IFRS financial measures have limitations as analytical tools. One of the key limitations of using these non-IFRS financial measures is that they do not reflect all items of income and expense that affect MINISO's operations. Further, these non-IFRS financial measures may differ from the non-IFRS information used by other companies, including peer companies, and therefore their comparability may be limited. These non-IFRS financial measures should not be considered in isolation or construed as alternatives to profit, net profit margin, basic and diluted earnings per share and basic and diluted earnings per ADS, as applicable, or any other measures of performance or as indicators of MINISO's operating performance. Investors are encouraged to review MINISO's historical non-IFRS financial measures in light of the most directly comparable IFRS measures, as shown below. The non-IFRS financial measures presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting the usefulness of such measures when analyzing MINISO's data comparatively. MINISO encourages you to review its financial information in its entirety and not rely on a single financial measure. For more information on the non-IFRS financial measures, please see the table captioned "Reconciliation of Non-IFRS Financial Measures" set forth at the end of this press release. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "anticipate", "aim", "estimate", "intend", "plan", "believe", "is/are likely to", "potential", "continue" or other similar expressions. Among other things, the quotations from management in this announcement, as well as MINISO's strategic and operational plans, contain forward-looking statements. MINISO may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC") and The Stock Exchange of Hong Kong Limited (the "HKEX"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about MINISO's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: MINISO's mission, goals and strategies; future business development, financial conditions and results of operations; the expected growth of the retail market and the market of branded variety retail of lifestyle products in China and globally; expectations regarding demand for and market acceptance of MINISO's products; expectations regarding MINISO's relationships with consumers, suppliers, MINISO Retail Partners, local distributors, and other business partners; competition in the industry; proposed use of proceeds; and relevant government policies and regulations relating to MINISO's business and the industry. Further information regarding these and other risks is included in MINISO's filings with the SEC and the HKEX. All information provided in this press release and in the attachments is as of the date of this press release, and MINISO undertakes no obligation to update any forward-looking statement, except as required under applicable law. Investor Relations Contact: Email: ir@miniso.com Phone: +86 (20) 36228788 Ext.8039 MINISO GROUP HOLDING LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Expressed in thousands) As at As at December 31, 2023 September 30, 2024 (Audited) (Unaudited) RMB'000 RMB'000 US$'000 ASSETS Non-current assets Property, plant and equipment 769,306 1,277,392 182,027 Right-of-use assets 2,900,860 3,843,144 547,644 Intangible assets 19,554 10,191 1,452 Goodwill 21,643 22,029 3,139 Deferred tax assets 104,130 115,147 16,408 Other investments 90,603 120,450 17,164 Trade and other receivables 135,796 195,405 27,845 Prepayments - 72,000 10,260 Term deposits 100,000 104,075 14,831 Interests in equity-accounted investees 15,783 34,365 4,897 4,157,675 5,794,198 825,667 Current assets Other investments 252,866 3,612,614 514,793 Inventories 1,922,241 2,297,067 327,329 Trade and other receivables 1,518,357 1,759,469 250,721 Cash and cash equivalents 6,415,441 1,716,150 244,549 Restricted cash 7,970 618,931 88,197 Term deposits 210,759 336,393 47,936 10,327,634 10,340,624 1,473,525 Total assets 14,485,309 16,134,822 2,299,192 MINISO GROUP HOLDING LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (CONTINUED) (Expressed in thousands) As at As at December 31, 2023 September 30, 2024 (Audited) (Unaudited) RMB'000 RMB'000 US$'000 EQUITY Share capital 95 95 14 Additional paid-in capital 6,331,375 4,942,844 704,350 Other reserves 1,114,568 1,047,906 149,325 Retained earnings 1,722,157 3,534,024 503,594 Equity attributable to equity shareholders of the Company 9,168,195 9,524,869 1,357,283 Non-controlling interests 23,022 40,094 5,713 Total equity 9,191,217 9,564,963 1,362,996 LIABILITIES Non-current liabilities Contract liabilities 40,954 35,736 5,092 Loans and borrowings 6,533 5,911 842 Other payables 12,411 45,518 6,486 Lease liabilities 797,986 1,608,605 229,224 Deferred income 29,229 35,548 5,066 887,113 1,731,318 246,710 Current liabilities Contract liabilities 324,028 381,289 54,333 Loans and borrowings 726 739 105 Trade and other payables 3,389,826 3,674,473 523,608 Lease liabilities 447,319 482,256 68,721 Deferred income 6,644 6,573 937 Current taxation 238,436 293,211 41,782 4,406,979 4,838,541 689,486 Total liabilities 5,294,092 6,569,859 936,196 Total equity and liabilities 14,485,309 16,134,822 2,299,192 MINISO GROUP HOLDING LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (Expressed in thousands, except for per ordinary share and per ADS data) Three months ended September 30, Nine months ended September 30, 2023 2024 2023 2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited) RMB'000 RMB'000 US$ '000 RMB'000 RMB'000 US$ '000 Revenue 3,791,154 4,522,577 644,462 9,997,484 12,281,320 1,750,074 Cost of sales (2,207,456) (2,492,601) (355,193) (5,956,394) (6,861,558) (977,764) Gross profit 1,583,698 2,029,976 289,269 4,041,090 5,419,762 772,310 Other income 13,437 5,327 759 17,061 18,025 2,569 Selling and distribution expenses (640,889) (996,461) (141,995) (1,558,855) (2,518,549) (358,890) General and administrative expenses (170,552) (236,208) (33,659) (490,257) (654,781) (93,306) Other net income 953 36,758 5,238 42,209 78,454 11,180 Reversal of credit loss on trade and other receivables 1,666 13,170 1,877 6,454 9,564 1,362 Impairment loss on non-current assets - - - (3,448) (5,104) (727) Operating profit 788,313 852,562 121,489 2,054,254 2,347,371 334,498 Finance income 69,366 25,067 3,572 149,907 99,673 14,203 Finance costs (11,481) (17,227) (2,455) (29,758) (57,822) (8,240) - - - Net finance income 57,885 7,840 1,117 120,149 41,851 5,963 Share of profit of an equity-accounted investees, net of tax - 2,009 286 - 2,310 329 Profit before taxation 846,198 862,411 122,892 2,174,403 2,391,532 340,790 Income tax expense (227,923) (214,090) (30,508) (538,210) (565,832) (80,630) Profit for the period 618,275 648,321 92,384 1,636,193 1,825,700 260,160 Attributable to: Equity shareholders of the Company 612,591 641,765 91,450 1,617,427 1,811,867 258,189 Non-controlling interests 5,684 6,556 934 18,766 13,833 1,971 Earnings per share for ordinary shares -Basic 0.49 0.52 0.07 1.30 1.46 0.21 -Diluted 0.49 0.52 0.07 1.29 1.45 0.21 Earnings per ADS (Each ADS represents 4 ordinary shares) -Basic 1.96 2.08 0.30 5.20 5.84 0.83 -Diluted 1.96 2.08 0.30 5.16 5.80 0.83 MINISO GROUP HOLDING LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (CONTINUED) (Expressed in thousands) Three months ended September 30, Nine months ended September 30, 2023 2024 2023 2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited) RMB'000 RMB'000 US$ '000 RMB'000 RMB'000 US$ '000 Profit for the period 618,275 648,321 92,384 1,636,193 1,825,700 260,160 Items that may be reclassified subsequently to profit or loss: Exchange differences on translation of financial statements of foreign operations (17,880) 8,863 1,263 36,952 15,708 2,238 Other comprehensive (loss)/income for the period (17,880) 8,863 1,263 36,952 15,708 2,238 Total comprehensive income for the period 600,395 657,184 93,647 1,673,145 1,841,408 262,398 Attributable to: Equity shareholders of the Company 596,574 645,096 91,924 1,653,673 1,823,139 259,795 Non-controlling interests 3,821 12,088 1,723 19,472 18,269 2,603 MINISO GROUP HOLDING LIMITED RECONCILIATION OF NON-IFRS FINANCIAL MEASURES (Expressed in thousands, except for per share, per ADS data and percentages) Three months ended September 30, Nine months ended September 30, 2023 2024 2023 2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited) RMB'000 RMB'000 US$'000 RMB'000 RMB'000 US$'000 Reconciliation of profit for the period to adjusted net profit: Profit for the period 618,275 648,321 92,384 1,636,193 1,825,700 260,160 Add back: Equity-settled share-based payment expenses 23,769 37,883 5,398 60,071 102,390 14,590 Adjusted net profit 642,044 686,204 97,782 1,696,264 1,928,090 274,750 Adjusted net margin 16.9 % 15.2 % 15.2 % 17.0 % 15.7 % 15.7 % Attributable to: Equity shareholders of the Company 636,360 679,461 96,821 1,677,498 1,913,891 272,727 Non-controlling interests 5,684 6,743 961 18,766 14,199 2,023 Adjusted net earnings per share(1) -Basic 0.51 0.55 0.08 1.35 1.54 0.22 -Diluted 0.51 0.55 0.08 1.34 1.53 0.22 Adjusted net earnings per ADS (Each ADS represents 4 ordinary shares) -Basic 2.04 2.20 0.31 5.40 6.16 0.88 -Diluted 2.04 2.20 0.31 5.36 6.12 0.87 Reconciliation of adjusted net profit for the period to adjusted EBITDA: Adjusted net profit 642,044 686,204 97,782 1,696,264 1,928,090 274,750 Add back: Depreciation and amortization 132,868 222,259 31,672 311,872 555,390 79,142 Finance costs 11,481 17,227 2,455 29,758 57,822 8,240 Income tax expense 227,923 214,090 30,508 538,210 565,832 80,630 Adjusted EBITDA 1,014,316 1,139,780 162,417 2,576,104 3,107,134 442,762 Adjusted EBITDA margin 26.8 % 25.2 % 25.2 % 25.8 % 25.3 % 25.3 % Note: (1) Adjusted basic and diluted net earnings per share are computed by dividing adjusted net profit attributable to the equity shareholders of the Company by the number of ordinary shares used in the basic and diluted earnings per share calculation on an IFRS basis. MINISO GROUP HOLDING LIMITED UNAUDITED ADDITIONAL INFORMATION (Expressed in thousands, except for percentages) Three months ended September 30, Nine months ended September 30, 2023 2024 YoY 2023 2024 YoY RMB'000 RMB'000 US$'000 RMB'000 RMB'000 US$'000 Revenue Mainland China 2,495,777 2,711,673 386,410 8.7 % 6,786,431 7,738,402 1,102,713 14.0 % -MINISO Brand(1) 2,306,566 2,438,555 347,491 5.7 % 6,259,026 7,031,354 1,001,960 12.3 % -TOP TOY Brand 180,664 271,645 38,709 50.4 % 491,531 700,417 99,808 42.5 % -Others(2) 8,547 1,473 210 (82.8) % 35,874 6,631 945 (81.5) % Overseas 1,295,377 1,810,904 258,052 39.8 % 3,211,053 4,542,918 647,361 41.5 % 3,791,154 4,522,577 644,462 19.3 % 9,997,484 12,281,320 1,750,074 22.8 % Notes: (1) "MINISO Brand" refers to the revenue generated from MINISO brand including revenue from offline stores, e-commerce and others in mainland China. (2) "Others" refers to revenue generated from other operating segments such as "WonderLife", which was a secondary brand targeting on lower-tier cities in mainland China, aggregated and presented as "others". As the MINISO brand increasingly penetrated into lower-tier cities in mainland China, "WonderLife" has become marginalized. MINISO GROUP HOLDING LIMITED UNAUDITED ADDITIONAL INFORMATION NUMBER OF MINISO STORES IN MAINLAND CHINA As of September 30, 2023 December 31, 2023 September 30, 2024 YoY YTD(1) By City Tiers First-tier cities 499 522 563 64 41 Second-tier cities 1,554 1,617 1,771 217 154 Third- or lower-tier cities 1,749 1,787 1,916 167 129 Total 3,802 3,926 4,250 448 324 Note: (1) "YTD" refers to the period starting from January 1, 2024 to September 30, 2024. MINISO GROUP HOLDING LIMITED UNAUDITED ADDITIONAL INFORMATION NUMBER OF MINISO STORES IN OVERSEAS MARKETS As of September 30,2023 December 31, 2023 September 30,2024 YoY YTD(1) By Regions Asia excluding China 1,264 1,333 1,572 308 239 North America 140 172 294 154 122 Latin America 514 552 598 84 46 Europe 218 231 260 42 29 Others 177 199 212 35 13 Total 2,313 2,487 2,936 623 449 Note: (1) "YTD" refers to the period starting from January 1, 2024 to September 30, 2024.
The Compact Expansion Battery Offers Rapid Charging to Power Your Home and the Great Outdoors SHENZHEN, China, Nov. 29, 2024 /PRNewswire/ -- DJI, the global leader in civilian drones and camera technology, today officially launched the latest addition to their DJI Power Series, the DJI Power Expansion Battery 2000, a 2-kilowatt-hour (kWh) extension battery for the Power 1000. The newest addition to the powerful DJI ecosystem of portable power stations (the DJI Power 1000 and DJI Power 500), the Power Expansion Battery 2000 combines sleek design, efficient energy storage, compact size, ease of use, safety and security, and advanced battery life. Featuring over 2000 Wh in a compact frame, the DJI Power Expansion Battery 2000 offers a variety of flexible expansion methods, high-power charging and discharging, and easy stacking and storage design to ensure you are fully charged, secured, and prepared regardless of how long or remote the trip. The DJI Power Expansion Battery 2000 Confidently Extends Power For All Situations "DJI has a long history in battery research and development as battery life and charging efficiency have been integral to user satisfaction with each of our products. The DJI Power Expansion Battery 2000 is the latest iteration in this storied journey and we're excited for this extension battery to open even more of the outdoors for exploration while also offering peace of mind for power storage and supply if at home," said Ferdinand Wolf, Product Experience Director at DJI. "Nothing destroys a hiking or outdoor adventure or peace-of-mind during a storm more than power anxiety; fortunately, the compact size and stackable design of the DJI Power series makes these concerns a thing of the past." Large-Capacity Flexible Expansion The Power 1000 can be seamlessly integrated with the Power Expansion Battery 2000 to enable power to be amplified simply. Up to five units of DJI Power Expansion Battery 2000 can be connected to DJI Power 1000 via designated cables[1], offering five flexible power expansion options including: three, five, seven, nine and 11 kWh.[1] When combined with Power Expansion Battery 2000, Power 1000 can consistently supply power at 2400 watts[1]and overclock the output at 2600 watts[1]. This ultra-high output offers peace-of-mind as it can effortlessly drive 99% of everyday appliances[1]. High-Power Charging and Discharging Freedom Time is of the essence when in need of power at home as well as in the great outdoors. Aware of this, DJI designed the Power Expansion Battery 2000 so that when it is paired with a Power 1000, the expansion battery's recharging power can reach 1500 W, reaching 1024 Wh in approximately 46 minutes[1] - providing power quickly to ensure you never have to wait too long for electricity. Integrated Design for Easier, Safer, and Durable Use The DJI Power Expansion Battery 2000 interface, buttons, and screen are all integrated on the front of the body, making operation simple and intuitive. The single-sided wiring design and size of both the DJI Power 1000 and Power Expansion Battery 2000 make it easy to stack the equipment, saving space and maintaining its sleek, aesthetically pleasing design. The Power Expansion Battery 2000 is not only designed to be easy to use, its safety features and durability ensure the batteries never overheat. This is achieved by using quality assured components such as the 2-kWh charging package that is made of lithium iron phosphate cells, which allows up to 4000 cycles[1]. In addition, the DJI Intelligent Battery Management System (BMS) continuously monitors the status of the power pack, so that even when multiple power packs are connected, the Power Expansion Battery 2000 and Power 1000 can maintain regular and safe heat, while helping to extend battery life. DJI Home App and Power Dongle The new DJI Home app features a simple and intuitive interface, providing a convenient user experience for those who need to control the power station remotely. When connected to DJI Power 1000, the DJI Power Dongle allows Power 1000 to work with the new DJI Home app for remote monitoring and control of the power station via Bluetooth or Wi-Fi. Pricing and Availability The DJI Power Expansion Battery 2000 is available at $1,169 to order from store.dji.com and authorized retail partners, with shipping starting today. Additional info here: https://www.dji.com/power-expansion-battery-2000 About DJI Since 2006, DJI has led the world with civilian drone innovations that have empowered individuals to take flight for the first time, visionaries to turn their imagination into reality, and professionals to transform their work entirely. Today, DJI serves to build a better world by continuously promoting human advancement. With a solution-oriented mindset and genuine curiosity, DJI has expanded its ambitions into areas such as cycling, renewable energy, agriculture, public safety, surveying and mapping, and infrastructure inspection. In every application, DJI products deliver experiences that add value to lives around the world in more profound ways than ever before. For more information, visit our:Website: www.dji.com Online Store: store.dji.comFacebook: www.facebook.com/DJIInstagram: www.instagram.com/DJIGlobalX: www.X.com/DJIGlobal LinkedIn: www.linkedin.com/company/djiSubscribe to our YouTube Channel: www.youtube.com/DJI [1] All data was measured under laboratory conditions. For more information, please refer to https://www.dji.com/power-expansion-battery-2000.
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