Connect with us

PR Newswire

MINISO Announces Unaudited Results for the Second Quarter of Fiscal Year 2021

Avatar

Published

on

GUANGZHOU, China, Feb. 25, 2021 /PRNewswire/ — MINISO Group Holding Limited (NYSE: MNSO) (“MINISO” or the “Company”), a fast-growing global value retailer offering a variety of design-led lifestyle products, today announced its unaudited financial results for the second quarter of fiscal year 2021 ended December 31, 2020.

Financial Highlights for Second Quarter of Fiscal Year 2021

  • Revenue in the second quarter of fiscal year 2021 was RMB2,297.7 million (US$352.1 million), within the Company’s guidance range of RMB2,200 million and RMB2,400 million, representing a decrease of 18.1% from the same period of the prior fiscal year and an increase of 10.9% from the previous quarter.
  • Gross profit in the second quarter of fiscal year 2021 was RMB642.8 million (US$98.5 million), representing a decrease of 27.6% from the same period of the prior fiscal year and an increase of 23.0% from the previous quarter.
  • Operating profit in the second quarter of fiscal year 2021 was RMB54.3 million (US$8.3 million), compared to RMB329.8 million in the same period of the prior fiscal year and an operating loss of RMB2.1 million in the previous quarter.
  • Profit from continuing operations in the second quarter of fiscal year 2021 was RMB20.8 million (US$3.2 million), compared to a loss of RMB205.2 million in the same period of the prior fiscal year and a loss of RMB1,676.3 million in the previous quarter.
  • Adjusted net profit[1] in the second quarter of fiscal year 2021 was RMB84.0 million (US$12.9 million), compared to RMB389.8 million in the same period of the prior fiscal year and RMB102.1 million in the previous quarter.

Operational Highlights for Second Quarter of Fiscal Year 2021

  • Number of MINISO stores increased to 4,514 as of December 31, 2020, from 4,211 as of December 31, 2019 and 4,330 as of September 30, 2020.
  • The Company expanded its business into two additional countries and regions in the second quarter of fiscal year 2021. The following table provides a breakdown of the number of MINISO stores as of the relevant dates:

As of


December 31,
2019

September 30,
2020

December 31,
2020

Number of MINISO stores[2]

4,211

4,330

4,514

China

2,543

2,633

2,768

—Directly operated stores

8

5

5

—Third-party stores

2,535

2,628

2,763

Overseas[3]

1,668

1,697

1,746

—Directly operated stores

126

115

105

—Third-party stores

1,542

1,582

1,641

[1] See the section titled “Non-IFRS Financial Measure” for more information about the non-IFRS financial measure referred to in this press release.

[2] “MINISO stores” are any of the stores operated under the “MINISO” brand name, including those directly operated by the Company (“Directly operated stores”), and those operated by third parties under the MINISO Retail Partner model and the distributor model (“Third-party stores”).

[3] Overseas stores exclude a small number of stores under certain overseas businesses that the Company had disposed of as of June 30, 2020. The Company completed such business disposal during the period from December 2019 to April 2020.

Mr. Guofu Ye, Founder, Chairman, and Chief Executive Officer of MINISO, commented, “We are pleased to see our domestic operations delivered a well-rounded and encouraging quarterly performance, while our overseas operations also moved further along its path of recovery. During the quarter, we added 184 new stores to our global store network. While the pandemic hit off-line retailers globally in calendar year 2020, we added 303 new stores during the year, demonstrating our partners’ confidence in our resilient business model and faster-than-average recovery speed.”

Mr. Ye continued, “In December, we announced our ‘X’ strategy, further illustrating our commitment to becoming a global leading new-retail platform. Our team has accumulated core strengths in supply chain management, retail know-how, asset-light business model and digitization, and we will leverage these strengths in our new initiatives such as TopToy.”

Mr. Saiyin Zhang, Chief Financial Officer and Executive Vice President of MINISO, commented, “We concluded calendar year on a positive note as both our top and bottom lines showed solid recovery trends. On a sequential basis, our revenue increased by 11%, with overseas revenue increasing by 32% and domestic revenue increasing by 7%. Our growth recovery was attributable to a 4% growth in our store count and a 7% growth in our average revenue per store quarter over quarter. In addition, we are delighted to report a substantial improvement in our operating profit, which we expect to normalize over the coming quarters as the pandemic abates. Looking ahead, we are highly confident in the strength of our underlying business model and remain steadfast in our commitment to solidifying our leadership at home, expanding our market share abroad, and delivering long-term shareholder value.”

Recent Developments

Impact of COVID-19

As of December 31, 2020, there were (i) 2,768 MINISO stores in China, most of which had resumed their operations, although a few of them were closed temporarily due to regional cases of COVID-19 and (ii) 1,746 MINISO stores in overseas markets, 1,593 of which had resumed their operations. The majority of those stores that resumed operations were half-opened or had operating hours reduced due to regional resurgences of COVID-19 in many countries and areas.

Unaudited Financial Results for Second Quarter of Fiscal Year 2021

Revenue was RMB2,297.7 million (US$352.1 million) in the second quarter of fiscal year 2021, representing a year-over-year decrease of 18.1% and a quarter-over-quarter increase of 10.9%.

The year-over-year decrease in revenue was mainly attributable to the negative impact of COVID-19 on the Company’s international operations during the period. Revenue generated from international operations decreased by 51.3% year over year to RMB463.0 million (US$71.0 million) in the second quarter of fiscal year 2021 as a result of temporary store closures, a reduction in store operating hours, and a decline in customer traffic, all of which were caused by the outbreak of COVID-19. Revenue generated from domestic market was flat year-over-year.

The quarter-over-quarter increase in revenue was primarily driven by the recovery of the Company’s international and domestic businesses in the second quarter of fiscal year 2021. On a sequential basis, revenue generated from international operations increased by 32.2%, and revenue generated from domestic market increased by 6.6%.

Total number of MINISO stores was 4,514 as of December 31, 2020, representing a net increase of 303 stores year over year and 184 stores quarter over quarter. Revenue per MINISO store, which is calculated by dividing the revenue of MINISO brand (excluding Africa and Germany) by the average number of stores at the beginning and the end of the relevant period, was RMB503.7 thousand (US$77.2 thousand) in the second quarter of fiscal year 2021, compared to RMB665.8 thousand in the same period of the prior fiscal year and RMB469.9 thousand in the previous quarter.

Cost of sales was RMB1,655.0 million (US$253.6 million) in the second quarter of fiscal year 2021, representing a decrease of 13.6% from RMB1,916.5 million in the same period of the prior fiscal year and an increase of 6.8% from RMB1,549.8 million in the previous quarter.

Gross profit was RMB642.8 million (US$98.5 million) in the second quarter of fiscal year 2021, representing a decrease of 27.6% from RMB887.4 million in the same period of the prior fiscal year and an increase of 23.0% from RMB522.4 million in the previous quarter.

Gross margin was 28.0% in the second quarter of fiscal year 2021, compared to 31.6% in the same period of the prior fiscal year and 25.2% in the previous quarter. The fluctuations in gross margin during these periods were primarily due to the fluctuations in revenue contributions from the Company’s international operations, the gross margin of which is typically higher than that of the Company’s domestic operations. International operations contributed 20.1% of revenue in the second quarter of fiscal year 2021, compared to 33.9% in the same period of the prior fiscal year and 16.9% in the previous quarter.

Other income was RMB7.8 million (US$1.2 million) in the second quarter of fiscal year 2021, compared to RMB0.2 million in the same period of the prior fiscal year and RMB36.0 million in the previous quarter.

Selling and distribution expenses were RMB340.8 million (US$52.2 million) in the second quarter of fiscal year 2021, remaining stable as compared to the same period of the prior fiscal year, but increasing by 18.8% quarter over quarter. Excluding share-based compensation expenses, selling and distribution expenses were RMB306.4 million (US$47.0 million), compared to RMB317.0 million in the same period of the prior fiscal year and RMB230.4 million in the previous quarter. The quarter-over-quarter increase was primarily attributable to increased logistics expenses, which were in line with the recovery of the Company’s sales during the second quarter of fiscal year 2021, and the increase in marketing expenses as the Company continues to strengthen brand recognition for MINISO and TopToy.

General and administrative expenses were RMB189.0 million (US$29.0 million) in the second quarter of fiscal year 2021, representing a year-over-year decrease of 17.2% and quarter-over-quarter decrease of 25.0%. Excluding share-based compensation expenses, general and administrative expenses were RMB160.2 million (US$24.6 million), compared to RMB168.3 million in the same period of the prior fiscal year and RMB155.3 million in the previous quarter.

Other net loss was RMB55.1 million (US$8.4 million) in the second quarter of fiscal year 2021, compared to other net income of RMB23.9 million in the same period of the prior fiscal year and other net loss of RMB15.7 million in the previous quarter. The Company’s other net loss in the second quarter of fiscal year 2021 was mainly comprised of a net foreign exchange loss of RMB66.9 million (US$10.3 million), which was in line with the appreciation of the Renminbi against the U.S. dollar in the period.

Operating profit was RMB54.3 million (US$8.3 million) in the second quarter of fiscal year 2021, compared to an operating profit of RMB329.8 million in the same period of the prior fiscal year and an operating loss of RMB2.1 million in the previous quarter.

Profit from continuing operations was RMB20.8 million (US$3.2 million) in the second quarter of fiscal year 2021, as compared to a loss of RMB205.2 million in the same period of the prior fiscal year and a loss of RMB1,676.3 million in the previous quarter. The fluctuations in profit or loss from continuing operations during these periods were mainly due to fair value changes of redeemable shares with other preferential rights, which were nil in the second quarter of fiscal year 2021 compared to a loss of RMB493.1 million in the same period of the prior fiscal year and a loss of RMB1,625.3 million in the previous quarter. The fluctuations in fair value changes of redeemable shares with other preferential rights were primarily due to the revaluation of the Company’s equity value based on the offering price of the Company’s Class A ordinary shares in its initial public offering (the “IPO”). After the completion of the IPO, all of the Company’s redeemable shares with other preferential rights were converted to its Class A ordinary shares. The fair value of each of the Company’s redeemable shares with other preferential rights approximated to the fair value of each of the Company’s ordinary shares on the conversion date, which was the pricing day of the IPO.

Adjusted net profit[1], which represents net profit excluding (i) fair value changes of paid-in capital subject to redemption and other preferential rights or redeemable shares with other preferential rights, (ii) loss from discontinued operations, net of tax, (iii) equity-settled share-based payment expenses, and (iv) employee compensation expenses related to non-forfeitable dividends related to unvested restricted shares, was RMB84.0 million (US$12.9 million) in the second quarter of fiscal year 2021, compared to RMB389.8 million in the same period of the prior fiscal year and RMB102.1 million in the previous quarter.

[1] See the sections titled “Non-IFRS Financial Measure” and “Reconciliation of Non-IFRS Financial Measure” in this press release for more information about adjusted net profit.

Basic and diluted earnings from continuing operations per American Depositary Share (“ADS”) were RMB0.08 (US$0.01) in the second quarter of fiscal year 2021, compared to a loss of RMB0.80 in the same period of the prior fiscal year and a loss of RMB7.08 in the previous quarter. Each ADS represents four of the Company’s Class A ordinary shares.

Adjusted basic and diluted earnings per ADS were RMB0.28 (US$0.04) in the second quarter of fiscal year 2021, compared to RMB1.52 in the same period of the prior fiscal year and RMB0.40 in the previous quarter.

As of December 31, 2020, the combined balance of the Company’s cash, cash equivalents and restricted cash amounted to RMB6,841.0 million (US$1,048.4 million), compared to RMB2,964.8 million as of September 30, 2020. The increase in cash, cash equivalents and restricted cash was primarily due to proceeds received from the Company’s IPO and the cash flow generated from operations.

Business Outlook

For the third quarter of fiscal year 2021 ended March 31, 2021, the Company currently estimates its revenue to be between RMB2,200 million and RMB2,400 million, representing an increase of 34.7% to 47.0% year over year. This estimate represents management’s current and preliminary views on the market and operational conditions as of the date of this press release, which does not factor in any of the potential future impacts caused by the COVID-19 pandemic and is subject to change.

Conference Call

The Company’s management will hold an earnings conference call at 7:00 A.M. Eastern Time on Thursday, February 25, 2021, (8:00 P.M. Beijing Time on the same day) to discuss the financial results. Listeners may access the call by dialing the following numbers:

International:

1-412-317-6061

United States Toll Free:

1-888-317-6003

Mainland China Toll Free:

4001-206-115

Hong Kong, China Toll Free:

800-963-976

Access Code:

5981498

The replay will be accessible through March 4, 2021, by dialing the following numbers:

International:

1-412-317-0088

United States Toll Free:

1-877-344-7529

Access Code:

10152644

A live and archived webcast of the conference call will also be available at the Company’s investor relations website at http://ir.miniso.com/.

About MINISO

MINISO is a fast-growing global value retailer offering a variety of design-led lifestyle products. The Company serves consumers primarily through its large network of MINISO stores, and promotes a relaxing, treasure-hunting and engaging shopping experience full of delightful surprises that appeals to all demographics. Aesthetically pleasing design, quality and affordability are at the core of every product in MINISO’s wide product portfolio, and the Company continually and frequently rolls out products with these qualities. Since the opening of its first store in China in 2013, the Company has built its flagship brand “MINISO” as a globally recognized retail brand and established a massive store network worldwide. For more information, please visit http://ir.miniso.com/.

Exchange Rate

The U.S. dollar (US$) amounts disclosed in this press release, except for those transaction amounts that were actually settled in U.S. dollars, are presented solely for the convenience of the readers. The conversion of Renminbi (RMB) into US$ in this press release is based on the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of December 31, 2020, which was RMB6.5250 to US$1.00. The percentages stated in this press release are calculated based on the RMB amounts.

Non-IFRS Financial Measure

In evaluating the business, MINISO considers and uses adjusted net profit as a supplemental measure to review and assess its operating performance. The presentation of this non-IFRS financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with IFRS. MINISO defines adjusted net profit as profit/(loss) excluding (i) fair value changes of paid-in capital subject to redemption and other preferential rights or redeemable shares with other preferential rights, (ii) loss from discontinued operations, net of tax, (iii) equity-settled share-based payment expenses, and (iv) employee compensation expenses related to non-forfeitable dividends related to unvested restricted shares.

MINISO presents adjusted net profit because it is used by the management to evaluate its operating performance and formulate business plans. Adjusted net profit enables the management to assess its operating results without considering the impacts of the aforementioned non-cash and other adjustment items that MINISO does not consider to be indicative of its operating performance in the future. Accordingly, MINISO believes that the use of this non-IFRS financial measure provides useful information to investors and others in understanding and evaluating its operating results in the same manner as the management and board of directors.

This non-IFRS financial measure is not defined under IFRS and is not presented in accordance with IFRS. The non-IFRS financial measure has limitations as an analytical tool. One of the key limitations of using adjusted net profit is that it does not reflect all items of income and expense that affect MINISO’s operations. Further, this non-IFRS measure may differ from the non-IFRS information used by other companies, including peer companies, and therefore its comparability may be limited.

The non-IFRS financial measure should not be considered in isolation or construed as an alternative to profit/(loss) or any other measure of performance or as an indicator of MINISO’s operating performance. Investors are encouraged to review MINISO’s historical non-IFRS financial measure in light of the most directly comparable IFRS measure, as shown below. The non-IFRS financial measure presented here may not be comparable to similarly titled measure presented by other companies. Other companies may calculate similarly titled measures differently, limiting the usefulness of such measures when analyzing MINISO’s data comparatively. MINISO encourages you to review its financial information in its entirety and not rely on a single financial measure.

For more information on the non-IFRS financial measure, please see the table captioned “Reconciliation of Non-IFRS Financial Measure” set forth at the end of this press release.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. Among other things, the guidance for the fiscal year 2021’s third quarter ended March 31, 2021 and quotations from management in this announcement, as well as MINISO’s strategic and operational plans, contain forward-looking statements. MINISO may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about MINISO’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: MINISO’s mission, goals and strategies; future business development, financial conditions and results of operations; the expected growth of the retail market and the market of branded variety retail of lifestyle products in China and globally; expectations regarding demand for and market acceptance of MINISO’s products; expectations regarding MINISO’s relationships with consumers, suppliers, MINISO Retail Partners, local distributors, and other business partners; competition in the industry; proposed use of proceeds; and relevant government policies and regulations relating to MINISO’s business and the industry. Further information regarding these and other risks is included in MINISO’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and MINISO undertakes no obligation to update any forward-looking statement, except as required under applicable law.

Contact:

Eason Zhang
MINISO Group Holding Limited
Email: [email protected] 

Jack Wang
ICR, Inc.
Email: [email protected] 
Phone: +1 (212) 537-4056

MINISO GROUP HOLDING LIMITED

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

(Expressed in thousands)

















As at
June 30, 2020

(Audited)


As at
December 31, 2020
(Unaudited)



RMB’000


RMB’000


US$’000

ASSETS







Non-current assets







Property, plant and equipment


88,062


81,144


12,436

Right-of-use assets


502,867


485,645


74,428

Intangible assets


69,091


70,445


10,796

Deferred tax assets


183,520


185,734


28,465

Prepayments


6,112


6,802


1,043

Interest in an associate



356,000


54,559










849,652


1,185,770


181,727








Current assets







Other investments



100,437


15,393

Inventories


1,395,674


1,413,301


216,598

Trade and other receivables


729,889


766,387


117,454

Cash and cash equivalents


2,853,980


6,840,474


1,048,349

Restricted cash


7,056


538


83










4,986,599


9,121,137


1,397,877








Total assets


5,836,251


10,306,907


1,579,604








EQUITY







Share capital


69


92


14

Additional paid-in capital


162,373


8,289,160


1,270,369

Other reserves


625,984


830,103


127,219

Accumulated losses


(1,125,055)


(2,794,665)


(428,301)








(Deficit) / equity
attributable to equity
shareholders of the
Company


(336,629)


6,324,690


969,301

Non-controlling interests


13,583


9,198


1,410








Total (deficit) / equity


(323,046)


6,333,888


970,711








LIABILITIES







Non-current liabilities







Contract liabilities


74,226


65,988


10,113

Loans and borrowings


15,207


14,094


2,160

Lease liabilities


378,894


356,954


54,706

Deferred income



23,240


3,562

Redeemable shares with other
preferential rights


2,381,327












2,849,654


460,276


70,541








Current liabilities







Loans and borrowings


401,182



Trade and other payables


2,419,795


2,904,174


445,084

Contract liabilities


218,287


294,419


45,122

Lease liabilities


224,080


237,028


36,326

Deferred income



6,120


938

Current taxation


46,299


71,002


10,882










3,309,643


3,512,743


538,352








Total liabilities


6,159,297


3,973,019


608,893








Total equity and liabilities


5,836,251


10,306,907


1,579,604

MINISO GROUP HOLDING LIMITED
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS

(Expressed in thousands, except for per share and per ADS data)
















Three months ended December 31


Six months ended December 31



2019
(Unaudited)


2020
(Unaudited)


2019
(Unaudited)


2020
(Unaudited)



RMB‘000


RMB‘000


US$ ‘000


RMB‘000


RMB‘000


US$ ‘000

Continuing operations













Revenue


2,803,843


2,297,721


352,141


5,792,643


4,369,860


669,710

Cost of sales


(1,916,493)


(1,654,953)


(253,633)


(3,968,047)


(3,204,716)


(491,144)














Gross profit


887,350


642,768


98,508


1,824,596


1,165,144


178,566

Other income


241


7,811


1,197


3,385


43,804


6,713

Selling and distribution expenses


(339,213)


(340,751)


(52,222)


(645,318)


(627,492)


(96,167)

General and administrative expenses


(228,359)


(189,032)


(28,970)


(441,176)


(441,163)


(67,611)

Other net income/(loss)


23,868


(55,084)


(8,442)


38,633


(70,755)


(10,844)

Credit loss on trade and other receivables


(14,105)


(11,419)


(1,750)


(23,714)


(17,387)


(2,665)














Operating profit


329,782


54,293


8,321


756,406


52,151


7,992

Finance income


7,698


13,874


2,126


11,775


23,044


3,532

Finance costs


(7,216)


(6,760)


(1,036)


(13,547)


(13,860)


(2,124)














Net finance income / (costs)


482


7,114


1,090


(1,772)


9,184


1,408

Fair value changes of paid-in capital subject to redemption
and other preferential rights / redeemable shares with
other preferential rights


(493,061)




(831,767)


(1,625,287)


(249,086)














(Loss) / profit before taxation


(162,797)


61,407


9,411


(77,133)


(1,563,952)


(239,686)

Income tax expense


(42,431)


(40,639)


(6,228)


(148,365)


(91,615)


(14,041)














(Loss) / profit for the period from continuing
operations


(205,228)


20,768


3,183


(225,498)


(1,655,567)


(253,727)

Discontinued operations













Loss for the period from discontinued operations, net
of tax


(1,783)




(64,361)
















(Loss) / profit for the period


(207,011)


20,768


3,183


(289,859)


(1,655,567)


(253,727)














Attributable to:













Equity shareholders of the Company


(203,860)


20,762


3,182


(289,548)


(1,651,857)


(253,158)

Non-controlling interests


(3,151)


6


1


(311)


(3,710)


(569)














(Loss) / earnings per share for ordinary shares













-Basic


(0.20)


0.02


0.00


(0.29)


(1.52)


(0.23)

-Diluted


(0.20)


0.02


0.00


(0.29)


(1.52)


(0.23)

(Loss) / earnings per share—Continuing operations













-Basic


(0.20)


0.02


0.00


(0.22)


(1.52)


(0.23)

-Diluted


(0.20)


0.02


0.00


(0.22)


(1.52)


(0.23)



























(Loss) / earnings per ADS
(Each ADS represents 4 Class A ordinary shares)













-Basic


(0.80)


0.08


0.01


(1.16)


(6.08)


(0.93)

-Diluted


(0.80)


0.08


0.01


(1.16)


(6.08)


(0.93)

(Loss) / earnings per ADS—Continuing operations

(Each ADS represents 4 Class A ordinary shares)













-Basic


(0.80)


0.08


0.01


(0.88)


(6.08)


(0.93)

-Diluted


(0.80)


0.08


0.01


(0.88)


(6.08)


(0.93)

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

(Expressed in thousands, except for per share data)
















Three months ended December 31


Six months ended December 31



2019
(Unaudited)


2020
(Unaudited)


2019
(Unaudited)


2020
(Unaudited)



RMB‘000


RMB‘000


US$ ‘000


RMB‘000


RMB‘000


US$ ‘000














(Loss) / profit for the period


(207,011)


20,768


3,183


(289,859)


(1,655,567)


(253,727)














Items that may be reclassified
subsequently to profit or loss:













Exchange differences on translation
of financial statements of foreign
operations


4,263


(12,031)


(1,844)


2,298


(47,773)


(7,322)














Other comprehensive (loss) /
income for the period


4,263


(12,031)


(1,844)


2,298


(47,773)


(7,322)














Total comprehensive (loss) /
income for the period


(202,748)


8,737


1,339


(287,561)


(1,703,340)


(261,049)














Attributable to:













Equity shareholders of the Company


(199,481)


8,199


1,257


(287,779)


(1,698,955)


(260,377)

Non-controlling interests


(3,267)


538


82


218


(4,385)


(672)

RECONCILIATION OF NON-IFRS FINANCIAL MEASURE

(Expressed in thousands, except for per share and per ADS data)
















Three months ended December 31


Six months ended December 31



2019
(Unaudited)


2020
(Unaudited)


2019

(Unaudited)


2020

(Unaudited)



RMB‘000


RMB‘000


US$‘000 


RMB‘000


RMB‘000


US$‘000 














Reconciliation of loss for
the period to adjusted net
profit:













(Loss) / profit for the
period


(207,011)


20,768


3,183


(289,859)


(1,655,567)


(253,727)

Add back:













Fair value changes of paid-
in capital subject to
redemption and other
preferential rights


493,061




831,767


1,625,287


249,086

Loss for the period from
discontinued operations, net
of tax


1,783




64,361



Equity-settled share-based
payment expenses


82,284


63,189


9,684


166,372


216,379


33,162

Employee compensation
expenses related to non-
forfeitable dividends related
to unvested restricted shares


19,664




19,664
















Adjusted net profit


389,781


83,957


12,867


792,305


186,099


28,521














Attributable to:













Equity shareholders of the
Company


392,932


83,951


12,866


792,616


189,809


29,090

Non-controlling interests


(3,151)


6


1


(311)


(3,710)


(569)



























Adjusted net earnings per
share for ordinary shares[2]













-Basic


0.38


0.07


0.01


0.76


0.17


0.03

-Diluted


0.38


0.07


0.01


0.76


0.17


0.03














Adjusted net earnings per
ADS

(Each ADS represents 4
Class A ordinary shares)













-Basic


1.52


0.28


0.04


3.04


0.68


0.10

-Diluted


1.52


0.28


0.04


3.04


0.68


0.10


[2] The adjusted basic and diluted net earnings per share are computed using adjusted net profit attributable to the equity shareholders of
the Company, and the number of ordinary shares used in GAAP basic and diluted (loss) / earnings per share calculation after
retrospectively adjusting for the effect of Series A preferred shares issued by the Company that are deemed to have been converted into
ordinary shares since July 1, 2019.

SOURCE MINISO Group Holding Limited

Related Links

http://ir.miniso.com/

Source: https://www.prnewswire.com:443/news-releases/miniso-announces-unaudited-results-for-the-second-quarter-of-fiscal-year-2021-301235318.html

PR Newswire

Go-to Guy for Des cristaux de hBN ultra-purs de la plus haute qualité : entretien avec un chercheur du WPI-MANA

Avatar

Published

on

TSUKUBA, Japon, 2 avril 2021 /PRNewswire/ — Le Dr Takashi Taniguchi est réputé pour son expertise dans le domaine de la synthèse à haute pression des cristaux de nitrure de bore hexagonal (h-BN), un matériau clé de la recherche nanotechnologique. Atteignant le plus haut niveau de qualité possible, ses cristaux de hBN ultra-purs attirent l’attention des chercheurs du monde entier et contribuent à diverses recherches sur les matériaux bidimensionnels dans les domaines de la physique quantique et des dispositifs quantiques, y compris la recherche sur le graphène.

(Image : https://kyodonewsprwire.jp/prwfile/release/M105739/202103152283/_prw_PI1fl_a5JRYS0v.jpeg)

Q. : Vous êtes connu dans le monde entier pour vos cristaux hBN. Pourquoi êtes-vous considéré comme une go-to guy dans ce domaine ?

« C’est principalement le fruit de la chance et de circonstances favorables, et grâce à notre magnifique presse hydraulique de 30 000 tonnes. Plus important encore, j’ai pu me concentrer librement sur ce travail pendant plus de dix ans, sans devoir ralentir ou changer de direction, et en utilisant des installations de premier rang. C’est un avantage énorme de pouvoir utiliser cet équipement seul. Peu de gens ont la chance de travailler dans de telles conditions.

Cela fait plus de 20 ans que j’étudie la croissance des monocristaux sous haute pression. Les installations telles que les nôtres et les appareils comme notre presse sont essentiels pour obtenir des cristaux de haute pureté, et j’ai la chance de pouvoir m’en servir seul. Par ailleurs, le fait d’être chercheur au NIMS (Institut national de la science des matériaux) me confère un avantage énorme : contrairement aux chercheurs universitaires, je n’ai pas de cours à assurer, ce qui libère beaucoup de temps que je peux consacrer à la recherche. Bien entendu, je dois prendre part à quelques grands projets étant donné que nos installations se trouvent dans un laboratoire national, mais cela ne m’empêche pas de travailler sur d’autres projets fascinants. »

Q. : À quoi servent les cristaux ?

« Ils sont surtout utilisés par les chercheurs qui étudient le graphène. Comme vous le savez probablement, le graphène est une monocouche de graphite, c’est-à-dire une couche unique d’atomes de carbone qui forment un treillis bidimensionnel d’hexagones. Il conduit l’électricité et la chaleur avec une efficacité impressionnante et est donc utilisé dans la recherche sur le transport quantique. Nous nous attendons à découvrir un large éventail d’applications dans toutes sortes de domaines, par exemple les revêtements anticorrosion, les capteurs, les produits électroniques, les écrans souples, les panneaux solaires, le séquençage de l’ADN ou encore la distribution de médicaments. »

Cliquez sur le lien suivant pour lire l’article complet.

MANA E-BULLETIN / ARTICLE
https://www.nims.go.jp/mana/ebulletin/feature.html

MANA E-BULLETIN
Https://www.nims.go.jp/mana/ebulletin/

SOURCE International Center for Materials Nanoarchitectonics (WPI-MANA), National Institute for Materials Science (NIMS)

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.prnewswire.com:443/news-releases/go-to-guy-for-des-cristaux-de-hbn-ultra-purs-de-la-plus-haute-qualite-entretien-avec-un-chercheur-du-wpi-mana-875841036.html

Continue Reading

PR Newswire

Empoderar a las mujeres en una industria emergente

Avatar

Published

on

SHENZHEN, China, 2 de abril de 2021 /PRNewswire/ — La reconocida marca de vapeo electrónico Vaporesso celebró recientemente debates comunitarios sobre el creciente número de mujeres en todo su ecosistema empresarial con motivo de la celebración del Día Internacional de la Mujer. Los hallazgos ponen de relieve el importante papel que desempeñan las mujeres en el crecimiento de las empresas locales, el impulso para dejar de fumar y la creación de comunidades en torno al vapeo. Vaporesso fue consciente de las cosas positivas que suceden al empoderar a las mujeres en esta industria emergente y dominada por hombres con una mirada específica a la representación de las mujeres en el espacio francés de vapeo.

Durante las discusiones online, Vaporesso fue consciente del papel de la mujer en la industria del vapeo como parte integral de la creciente accesibilidad y legitimidad del espacio. Fumar puede considerarse como una opción de estilo de vida que influye en los amigos y la familia; por lo tanto, a pesar de una base de consumidores predominantemente masculina, la opción de los individuos de recurrir al vapeo para dejar de fumar cigarrillos afecta a familias enteras. Las mujeres francesas cuyas historias fueron compartidas destacan cómo el vapeo les ha permitido a ellas y a sus seres queridos dejar de fumar, al tiempo que ofrecen la oportunidad de construir un negocio saludable y fomentar una comunidad local en torno al vapeo. 

En cuanto al tema del empoderamiento de las mujeres a través del vapeo Thalia Cheng, Directora de Marketing de Vaporesso, dijo: “El vapeo no es sólo un estilo de vida, es una cultura que afecta a tanta gente. Como hija, madre, mujer en la industria del vapeo, estoy orgullosa de ver que Vaporesso ofrece alternativas al tabaquismo. Se trata de la búsqueda de la calidad de vida y el equilibrio entre el placer y las responsabilidades”.

Entre las numerosas historias compartidas, la dueña de un pequeño negocio en crecimiento, Vapotime, Stephanie, compartió la suya con la comunidad. Al pasar de operar tiendas de telefonía móvil, inicialmente consideró abrir una tienda de vapeo ya que el vapeo es una industria que parecía similar, ya que también se basa en la tecnología en rápida expansión. Abriendo su primera tienda con su pareja en 2013, Stephanie también comenzó a vapear para dejar de fumar y aprender más sobre los productos que estaba vendiendo. Hasta 2021, Stephanie ha estado sin cigarrillos por completo durante seis años, tiene cuatro tiendas con siete empleados, y está más motivada que nunca para ayudar a los fumadores a dejar los cigarrillos para siempre.

Historias similares sobre cómo recurrir al vapeo para dejar de fumar se hicieron eco dentro de la comunidad, incluyendo Fanny de Vapecity, quien recordó que trató de dejar de fumar muchas veces durante sus 15 años de adicción antes de descubrir el vapeo hace cinco años. Desde entonces, ser capaz de controlar su ingesta de nicotina le ha permitido reducirlo lentamente. Sin embargo, todavía disfruta del vapeo y está muy agradecida por la comunidad que se ha establecido alrededor de su tienda. El personal de Econo Close, Emilie también compartió su experiencia de transición de 1 paquete de cigarrillos al día a 3mg de nicotina dentro de un mes de vapeo. Para ella, ayudar a otros a dejar de fumar ha sido un componente gratificante del trabajo, y le gusta comunicarse y compartir consejos con el creciente número de clientes de la tienda.

La representación femenina en el ecosistema de Vaporesso es el núcleo de dos iniciativas líderes en toda la empresa que buscan contribuir positivamente a la sociedad. Ambas se lanzaron en 2020 en respuesta a la pandemia de COVID-19; Vaporesso Care es una campaña paraguas para apoyar a las comunidades locales de todo el mundo. Power Shop es un impulso para apoyar a las empresas en crecimiento mediante la mejora de la cooperación entre fabricantes y tiendas, y los consumidores, al tiempo que apoya a las tiendas de vapeo con marketing y ventas. En ambas iniciativas, el papel de la mujer tiene y seguirá siendo un foco para el equipo, con más que hacer en 2021 para fomentar la participación femenina en el crecimiento de esta industria emocionante y emergente.   

Para saber más sobre Vaporesso Care o cómo asociarse con nosotros, visite https://www.vaporesso.com/vaporessocare-events

Related Links

https://www.vaporesso.com

SOURCE VAPORESSO

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.prnewswire.com:443/news-releases/empoderar-a-las-mujeres-en-una-industria-emergente-886237118.html

Continue Reading

PR Newswire

Stärkung von Frauen in einer aufstrebenden Branche

Avatar

Published

on

SHENZHEN, China, 2. April 2021 /PRNewswire/ — Die international bekannte elektronische Vaping-Marke Vaporesso veranstaltete kürzlich anlässlich des Internationalen Frauentags eine Community-Diskussion über die wachsende Anzahl von Frauen in ihrem Geschäftsumfeld. Die Ergebnisse unterstreichen die wichtige Rolle, die Frauen beim Wachstum lokaler Unternehmen, bei der Förderung der Raucherentwöhnung und bei der Schaffung von Gemeinschaften rund um E-Zigaretten spielen. Vaporesso wurde auf die positiven Auswirkungen der Stärkung von Frauen in dieser aufstrebenden und männerdominierten Branche aufmerksam und nahm dabei insbesondere den Anteil von Frauen im französischen Vaping-Bereich unter die Lupe.

Während der Online-Diskussionen erkannte Vaporesso, dass Frauen in der Vaping-Branche wesentlich zur Zugänglichkeit und Legitimität des Raums beitragen. Rauchen kann als eine Lifestyle-Entscheidung betrachtet werden, die Freunde und Familie beeinflusst; daher betrifft die Entscheidung von Einzelpersonen, mit dem Zigarettenrauchen aufzuhören und sich stattdessen E-Zigaretten zuzuwenden, trotz einer überwiegend männlichen Konsumentenbasis ganze Familien. Die französischen Frauen, deren Geschichten erzählt wurden, heben hervor, wie E-Zigaretten ihnen und ihren Angehörigen ermöglicht haben, mit dem Rauchen aufzuhören, ein gesundes Geschäft aufzubauen und eine lokale Gemeinschaft rund um E-Zigaretten zu fördern.

Zum Thema Frauenförderung durch Vaping sagte Vaporesso, Director of Marketing, Thalia Cheng: „Vaping, also der Genuss von E-Zigaretten, ist nicht nur ein Lebensstil, sondern vielmehr eine Kultur, die viele Menschen beeinflusst. Als Tochter, Mutter und Frau in der Vaping-Branche bin ich stolz darauf, dass Vaporesso Alternativen zum Rauchen bietet. Es geht um das Streben nach Lebensqualität und das Gleichgewicht von Vergnügen und Verantwortung.”

Unter den zahlreichen Geschichten, die geteilt wurden, teilte auch Stephanie, die Besitzerin des wachsenden Kleinunternehmens Vapotime, ihre Geschichte mit der Gemeinschaft. Nachdem sie zuvor Mobiltelefonläden betrieben hatte, zog sie zunächst in Erwägung, einen Vape-Store zu eröffnen, da ihr die Vaping-Branche ähnlich erschien, weil sie ebenfalls auf einer schnell wachsenden Technologie basiert. Als sie 2013 mit ihrem Partner ihren ersten Laden eröffnete, begann Stephanie auch mit dem Vaping, um mit dem Rauchen aufzuhören und mehr über die Produkte zu erfahren, die sie verkaufte. Heute, im Jahr 2021, ist Stephanie seit sechs Jahren komplett von normalen Zigaretten weg und hat vier Läden mit sieben Mitarbeitern. Sie ist mehr denn je davon beseelt, Rauchern dabei zu helfen, endgültig mit dem Rauchen von Zigaretten aufzuhören.

Ähnliche Geschichten über den Umstieg auf das Vaping, um mit dem Rauchen aufzuhören, wurden in der Community erzählt, darunter auch von Fanny von Vapecity, die sich daran erinnerte, dass sie während ihrer 15-jährigen Sucht viele Male versucht hatte, mit dem Rauchen aufzuhören, bevor sie vor fünf Jahren das Vaping entdeckte. Seitdem ist sie in der Lage, ihre Nikotinzufuhr zu kontrollieren und langsam herunterzufahren. E-Zigaretten genießt sie jedoch nach wie vor und ist sehr dankbar für die Gemeinschaft, die sich um ihren Laden herum gebildet hat. Die Mitarbeiterin des Econo Close Shops, Emilie, erzählte auch von ihrer Erfahrung, wie sie ihren Nikotinkonsum durch das Vaping innerhalb eines Monats von einer Schachtel Zigaretten pro Tag auf 3 mg Nikotin verringern konnte. Für sie ist die Unterstützung anderer bei der Raucherentwöhnung ein erfreulicher Bestandteil ihrer Arbeit. Sie unterhält sich gerne mit der wachsenden Zahl von Kunden in dem Laden und gibt ihnen hilfreiche Tipps.

Der Anteil der Frauen im Vaporesso-Ökosystem steht im Mittelpunkt von zwei führenden unternehmensweiten Initiativen, die einen positiven Beitrag zur Gesellschaft leisten wollen. Beide wurden 2020 als Reaktion auf die COVID-19-Pandemie ins Leben gerufen; Vaporesso Care ist eine Dachkampagne zur Unterstützung lokaler Gemeinschaften weltweit. Power Shop ist ein Vorstoß, um wachsende Unternehmen zu unterstützen, indem die Zusammenarbeit zwischen Herstellern und Shops sowie Verbrauchern verbessert wird und gleichzeitig Vape-Shops mit Marketing und Verkauf unterstützt werden. Bei beiden Initiativen war und ist die Rolle der Frauen ein Schwerpunkt für das Team. 2021 soll noch mehr getan werden, um die Beteiligung von Frauen am Wachstum dieser spannenden und aufstrebenden Branche zu fördern.

Um mehr über Vaporesso Cares zu erfahren oder wie Sie mit uns zusammenarbeiten können, besuchen Sie bitte https://www.vaporesso.com/vaporessocare-events

Related Links

https://www.vaporesso.com

SOURCE VAPORESSO

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.prnewswire.com:443/news-releases/starkung-von-frauen-in-einer-aufstrebenden-branche-840728646.html

Continue Reading

PR Newswire

Donner du pouvoir aux femmes dans un secteur émergent

Avatar

Published

on

SHENZHEN , Chine, le 2er avril 2021 /PRNewswire/ — La marque de vapotage électronique de renommée internationale Vaporesso a récemment organisé des discussions communautaires sur le nombre croissant de femmes dans son écosystème d’affaires, à l’occasion de la Journée internationale de la femme. Les résultats mettent en évidence le rôle important que jouent les femmes dans le développement des entreprises locales, dans la promotion de l’arrêt du tabac et dans la création de communautés autour du vapotage. Vaporesso a été sensibilisé aux choses positives qui se passent pour donner du pouvoir aux femmes dans cette industrie émergente et dominée par les hommes, avec un regard spécifique sur la représentation des femmes dans l’espace de vapotage français.

Au cours des discussions en ligne, Vaporesso a pris conscience du fait que le rôle des femmes dans le secteur du vapotage faisait partie intégrante de l’accessibilité et de la légitimité croissantes de cet espace. Le tabagisme peut être considéré comme un choix de style de vie qui influence les amis et la famille ; par conséquent, malgré une base de consommateurs majoritairement masculine, le choix des individus de se tourner vers le vapotage pour arrêter de fumer des cigarettes affecte des familles entières. Les Françaises dont les histoires ont été partagées soulignent comment le vapotage leur a permis, à elles et à leurs proches, d’arrêter de fumer tout en leur offrant la possibilité de créer une entreprise saine et de favoriser une communauté locale autour du vapotage.

En ce qui concerne le thème de l’autonomisation des femmes par le biais du vapotage, Thalia Cheng, directrice du marketing de Vaporesso, a déclaré : “Le vapotage n’est pas seulement un mode de vie, c’est une culture qui a un impact sur tant de personnes. En tant que fille, mère et femme dans l’industrie du vapotage, je suis fière de voir que Vaporesso offre des alternatives au tabagisme. Il s’agit de la recherche de la qualité de vie et de l’équilibre entre le plaisir et les responsabilités.”

Parmi les nombreuses histoires partagées, Stéphanie la propriétaire d’une petite entreprise en pleine expansion baptisée Vapotime, a partagé la sienne avec la communauté. Après avoir exploité des boutiques de téléphonie mobile, elle a d’abord envisagé d’ouvrir un magasin de vape car le secteur de la vape lui semblait similaire, étant également basé sur une technologie en pleine expansion. Ouvrant son premier magasin avec son partenaire en 2013, Stéphanie s’est également mise au vapotage pour arrêter de fumer et en apprendre davantage sur les produits qu’elle vendait. Aujourd’hui, en 2021, Stéphanie n’a pas touché à la cigarette depuis six ans, possède quatre magasins et occupe sept employés, et est plus déterminée que jamais à aider les fumeurs à arrêter définitivement de fumer.

Des témoignages similaires sur le recours au vapotage pour arrêter de fumer ont été entendus au sein de la communauté, notamment par Fanny de Vapecity, qui a rappelé qu’elle avait essayé d’arrêter de fumer à plusieurs reprises pendant ses 15 années de dépendance avant de découvrir le vapotage il y a cinq ans. Depuis lors, le fait de pouvoir contrôler sa consommation de nicotine lui a permis de réduire lentement sa consommation. Cependant, elle continue à apprécier le vapotage et est très reconnaissante de la communauté qui s’est créée autour de son magasin. Émilie, employée de la boutique Econo Close, a également partagé son expérience, elle qui est passée d’un paquet de cigarettes par jour à 3 mg de nicotine en un mois de vapotage. Pour elle, aider les autres à arrêter de fumer a été un élément gratifiant de son travail, et elle aime communiquer et partager des conseils avec les clients du magasin, qui sont de plus en plus nombreux.

La représentation des femmes dans l’écosystème de Vaporesso est au cœur de deux initiatives majeures de l’entreprise visant à apporter une contribution positive à la société. Deux initiatives ont été lancées en 2020 en réponse à la pandémie de COVID-19. D’une part, Vaporesso Care est une campagne de soutien aux communautés locales du monde entier. D’autre part, Power Shop est une initiative visant à soutenir les entreprises en pleine croissance en améliorant la coopération entre les fabricants et les boutiques, et les consommateurs en soutenant les boutiques de vape avec le marketing et les ventes. Dans les deux initiatives, le rôle des femmes a été et continuera d’être au centre des préoccupations de l’équipe, et il reste encore beaucoup à faire en 2021 pour encourager la participation des femmes à la croissance de ce secteur passionnant et émergent.

Pour en apprendre plus sur Vaporesso Cares ou pour un partenariat avec nous, rendez-vous sur https://www.vaporesso.com/vaporessocare-events

Related Links

https://www.vaporesso.com

SOURCE VAPORESSO

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.prnewswire.com:443/news-releases/donner-du-pouvoir-aux-femmes-dans-un-secteur-emergent-845161856.html

Continue Reading
Esports1 day ago

chessbae removed as moderator from Chess.com amid drama

Fintech4 days ago

Novatti’s Ripple partnership live to The Philippines

Cyber Security5 days ago

Fintechs are ransomware targets. Here are 9 ways to prevent it.

Esports3 days ago

Dota 2 Dawnbreaker Hero Guide

Blockchain5 days ago

Krypto-News Roundup 8. April

Blockchain4 days ago

DFB bringt digitale Sammelkarten auf die Blockchain

Fintech4 days ago

TrueLayer raises US$70m to build the world’s most valuable Open Banking network

Blockchain5 days ago

WEF-Gipfel 2021: Zukunft der Wirtschaft ist tokenisiert

Esports3 days ago

Dallas Empire escape with a win against Minnesota at the Stage 2 Major

Esports3 days ago

A detailed look at Dawnbreaker, Dota 2’s first new carry in four years

Esports2 days ago

Why did Twitch ban the word “obese” from its predictions?

Blockchain5 days ago

Bitcoin Preis erholt sich nach Drop auf Support bei 55.500 USD

Esports5 days ago

PUBG Mobile Esports Expands With New Regions & More in 2021

Esports5 days ago

Warzone’s Verdansk is being Overrun by Zombies, Activision To Nuke Map

Esports4 days ago

Dota 2 new hero: A list of possible suspects

Esports5 days ago

Paris Legion and Florida Mutineers out of CDL Stage 2

Fintech5 days ago

Novatti Free Webinar: The Power of Cards from BNPL to Crypto

Fintech5 days ago

Zip boosts small business cash flow with new line of credit launching Zip Business Trade Plus

Esports5 days ago

Froskurinn To Return to the LPL As Guest Analyst

Esports5 days ago

Legendary Caster DoA Announces Return to the Overwatch League

Trending