MNSO FY 2022 Earnings Report — MINISO Group Holding Limited Revenue & Financial Results | Market Cap Arena

MINISO Group Holding LimitedMNSO

FY 2022 Earnings

Reported October 19, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$1.7B	—	$228M	—	634.4%
Op. Income	$325M	—	$129M	—	152.0%
Gross Margin	38.7%	—	30.4%	—	8.3pp
Net Margin	15.4%	—	40.8%	—	-25.4pp
EPS (Diluted)	$0.82	—	$0.30	—	171.2%
Free Cash Flow	$218M	—	$25M	—	767.1%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.0B
GROSS PROFIT	$649M
R&D Expenses	$0
Selling & Marketing	$251M
General & Administrative	$93M
SG&A Expenses	$343M
Other Expenses	-$19M
Operating Expenses	$324M
Cost & Expenses	$1.4B
OPERATING INCOME	$325M
Interest Income	$21M
Interest Expense	$5M
Other Income/Expenses	$16M
INCOME BEFORE TAX	$341M
Income Tax Expense	$81M
Net Income from Continuing Ops	$260M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$258M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$258M
D&A	$5M
EBIT	$310M
EBITDA	$315M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.0B
GROSS PROFIT	$649M
R&D Expenses	$0
Selling & Marketing	$251M
General & Administrative	$93M
SG&A Expenses	$343M
Other Expenses	-$19M
Operating Expenses	$324M
Cost & Expenses	$1.4B
OPERATING INCOME	$325M
Interest Income	$21M
Interest Expense	$5M
Other Income/Expenses	$16M
INCOME BEFORE TAX	$341M
Income Tax Expense	$81M
Net Income from Continuing Ops	$260M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$258M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$258M
D&A	$5M
EBIT	$310M
EBITDA	$315M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$260M
Depreciation & Amortization	$8M
Stock-Based Compensation	$9M
Deferred Income Tax	$81M
Other Non-Cash Items	-$39M
Change in Working Capital	-$76M
OPERATING CASH FLOW	$243M
Capital Expenditure	-$25M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$17M
NET CASH FROM INVESTING	-$43M
Net Debt Issuance	-$51M
Common Stock Repurchased	-$5M
Common Dividends Paid	-$54M
Other Financing Activities	$62M
NET CASH FROM FINANCING	-$48M
FREE CASH FLOW	$218M
Net Change in Cash	$167M

Balance Sheet

Item	Amount
Cash & Equivalents	$948M
Short-Term Investments	$115M
Net Receivables	$139M
Inventory	$212M
Other Current Assets	$4M
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$202M
Goodwill	$3M
Intangible Assets	$253M
Long-Term Investments	$25M
Tax Assets	$24M
Other Non-Current Assets	$11M
TOTAL NON-CURRENT ASSETS	$518M
TOTAL ASSETS	$2.0B
Account Payables	$96M
Short-Term Debt	$0
Deferred Revenue	$44M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$568M
Long-Term Debt	$1M
Deferred Revenue NC	$12M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$94M
TOTAL LIABILITIES	$662M
Common Stock	$13.9K
Additional Paid-In Capital	$1.1B
Retained Earnings	$79M
Treasury Stock	-$12M
Accum. Other Comp. Income	$41M
Other Equity	$133M
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$3M
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$130M
Net Debt	-$818M