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Income Statement (CNY)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 4.04B | 5% |
Gross Profit | 1.77B | 7% |
Cost of Revenue | 2.26B | 3.6% |
Operating expense | 3.31B | 264.3% |
Net Income | 588M | 7.6% |
Balance Sheet (CNY)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 15.7B | 8.5% |
Total Liabilities | 5.99B | 13.1% |
Total Equity | 9.7B | 5.8% |
Shares Outstanding | 1.26B | 304% |
Cash Flow (CNY)
Q2 '24 | QoQ |
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EPS
Financial Highlights for Miniso Group in Q2 '24
Miniso Group reported a revenue of 4.04B, which is a 5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.77B, marking a 7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.26B, a 3.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 3.31B, showing a 264.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 588M, showing a -7.6% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
Miniso Group faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.