MNSO (09896.HK) -0.200 (-0.404%) Short selling $81.28M; Ratio 29.201% announced its 1Q24 results for the period ended March this year. Revenue was RMB3.724 billion, up 26% YoY, mainly due to a 19.3% YoY growth in the average number of shops at the group level and a same-store sales growth of about 9%. Net profit reached RMB582 million, up 25.1% YoY, with an EPS of RMB0.47.
During the period, gross profit was RMB1.617 billion, representing a YoY increase of 39.1%. Gross profit margin was 43.4%, compared to 39.3% in 1Q23. This was mainly attributable to the increase to approx. 58% from approx. 46% during 1Q23 in revenue contribution from directly operated markets to overseas markets, as well as the increase in the gross profit margin of TOP TOY as a result of the shift in product mix to more profitable products.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-14 16:25.)
