MINISO Group Holding Limited June Quarter 2023 Earnings Conference Call - Full Transcript
Now, I would like to hand the conference over to Mr. Ye, and Mr. Zhang will translate for Mr. Yeh. Please go ahead, sir. Guofu Ye (Translated): Hello everyone and welcome to our earnings conference call. Our overall performance once again reached new [high] as we achieved big breakthroughs in both revenue and profitability. Total revenues exceeded the RMB3 billion milestone for the first time, increasing by 40% year-over-year to RMB3.25 billion. GP margin reached 39.8%, an increase of 6.5 percentage points year-over-year. Adjusted net profit surpassed RMB570 million, increasing by 156%. Adjusted net margin also hit a new high, reaching 17.6%, an increase of 8 percentage points year-over-year. I'll now walk you through business updates for our three major segments, MINISO China, MINISO Overseas and TOP TOY. MINISO China showed resilience despite the challenging consumption environment. Offline sales of MINISO China achieved 40% year-over-year growth in this quar...