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FINWIRES

Miniso Forecasts Up to 200% Jump in Q1 Profit

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Miniso (HKG:9896) expects profit for the first quarter to range between 1.23 billion yuan and 1.25 billion yuan, up 195% to 200% from 416 million yuan a year earlier, according to a Wednesday Hong Kong bourse filing.

The retailer's revenue is expected to range from 5.68 billion yuan to 5.73 billion yuan, representing year-on-year growth of 28% to 29%.

The expected profit growth was mainly driven by unrealized fair value gains from an AI-related investment, a 78 million yuan contribution from its investment in Yonghui Superstores, and the absence of one-off derivative issuance costs recorded a year earlier.

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