MINISO Group Announces December Quarter 2022 Financial Results

GUANGZHOU,China,Feb. 28,2023 -- MINISOGroupHoldingLimited(NYSE: MNSO; HKEX: 9896) ("MINISO","MINISO Group" or the "Company"),a global valueretaileroffering avarietyofdesign-ledlifestyle products,todayannounced itsunauditedfinancial resultsforthesecondquarteroffiscalyear2023endedDecember31,2022.

FinancialHighlightsfortheSecond QuarterofFiscal Year2023endedDecember31,2022

Revenue wasRMB2,494.4million (US$361.7million),representingadecreaseof10.0% yearoveryearand10.0%quarteroverquarter.

Gross profitwasRMB997.1million(US$144.6million),representinganincreaseof15.6% yearoveryearand0.9%quarteroverquarter.

Gross marginwas40.0%,comparedto31.1%inthesameperiodof2021and35.7%inthe previous quarter.

Operating profitwasRMB447.6 million(US$64.9million),representinganincrease of75.2%yearoveryear,comparedtoRMB509.5million inthepreviousquarter.

Profit for the periodwasRMB359.8 million(US$52.2million),representinganincrease of95.4%yearoveryear,comparedtoRMB404.1million inthepreviousquarter.

Adjusted net profit(1)wasRMB373.1 million(US$54.1million),representinganincrease of 82.1%yearoveryear,compared toRMB417.4million inthepreviousquarter.

Adjusted net margin(1)was15.0%,comparedto7.4%inthesameperiodof2021and15.1% in the previous quarter.

Operational HighlightsfortheSecondQuarter ofFiscalYear2023ended December31,2022

Number ofMINISOstoreswas5,440asofDecember31,2022,increasingby395stores yearoveryearand144storesquarteroverquarter,respectively.

Number ofMINISOstores inChinawas3,325asofDecember 31,increasingby157 storesyearoveryearand56storesquarter overquarter,respectively.

Number ofMINISOstoresinoverseas marketswas2,115asofDecember31,increasingby238storesyearoveryearand88storesquarter overquarter,respectively.

Number of TOP TOY storeswas117asofDecember 31,increasingby28storesyear overyearand8storesquarteroverquarter,respectively.

Notes:

(1) See the sections titled "Non-IFRSFinancial Measures"and"ReconciliationofNon-IFRSFinancial Measures" inthispressrelease formoreinformation.

Thefollowing tableprovidesabreakdownofthenumberofMINISOandTOPTOYstoresaswell as theiryear-over-yearandquarter-over-quarterchanges asoftherelevantdates:

As of

December 31,September 30,

December31,

2021 2022

2022

YoY

QoQ

NumberofMINISOstores(2)

5,045 5,296

5,440

395

144

China

3,168 3,269

3,325

157

56

– Directly operated stores

5 19

16

11

(3)

– Third-party stores

3,163 3,250

3,309

146

59

Overseas

1,877 2,027

2,115

238

88

– Directly operated stores

136 131

153

17

22

– Third-party stores

1,741 1,896

1,962

221

66

NumberofTOPTOYstores(3)

89 109

117

28

8

– Directly operated stores

5 8

8

3

–

– Third-party stores

84 101

109

25

8

Mr. Guofu Ye,Founder,Chairman,and Chief Executive Officer of MINISO,commented,"We capped off a remarkable 2022 calendar year with another quarter of solid operating and financial performance. In spite of the severe pandemic related disruption to our domestic operations,we remained focused on our long-term strategic goals: delivering on our globalization strategy,bolstering the strength of our product offerings and optimizing our store network. These efforts are yielding positive results,and we are pleased to report that our overseas operations moved further along the path of recovery,which accounted for 40% of the Company's revenue – the highest in the past three years,we believe our globalized operation will provide us with more space and flexibility of growth in the near future. Our margin profile continued to beat expectations,with adjusted net profit increasing by 82% year-on-year to RMB373 million in the December quarter,and adjusted net margin remained stable compared to the prior quarter and at its historical high at 15%."

"Last week,we successfully held MINISO's global brand upgrade conference. For the first time,I systematically laid out our roadmap to building a great Chinese consumer brand. We also introduced MINISO's Global Product Innovation Center and launched the "Chinese Culture Globalized Innovation Program" with the Xinhua News Agency. As we head into MINISO's next decade,we need to upgrade,integrate and empower our product platform by leveraging resources from our IP partners,design partners,and leading suppliers,and by strengthening our global sourcing abilities so that we can rapidly put MINISO products in front of our users in every part of the world." Mr. Ye continued.

Notes:

(2) "MINISOstores"representanyoftheofflinestoresoperatedunderthe"MINISO"brandname,includingthose directlyoperatedbytheCompany,andthoseoperated bythirdparties undertheMINISORetailPartner model and the distributor model.

(3) "TOP TOY stores" represent any of the offline stores operated under the "TOP TOY" brand name,including those directly operated by the Company,and those operated by third parties under the MINISORetailPartner model.

Mr.EasonJingjingZhang,ChiefFinancial OfficerandVicePresidentofMINISO,"GrossmarginfortheDecember quarterreached40%,anotherrecordhighforMINISO Group and increased by nearly 900 basis points from 31% in the same quarter of last year,thanks to our solid execution of MINISO's brand upgrade,our strong bargaining power and steady recovery ofoverseas markets."

"Lookingbackonthepastthreeyears,MINISO has demonstrated strong profitability under the repeated stress tests of the pandemic. Over the past 18 quarters in which we have publicly disclosed financials,MINISO's adjustednetmarginaveraged9%.Ofthese18quarters,12wereinthe pandemic,and MINISO's adjusted net margin averaged 7.6%; for the remaining 6 quarters without pandemiceffects,MINISO's adjusted net margin averaged 10.7%. In 2023,we will continue to execute a disciplined financial policy in terms of budgeting,cost controls and allocation of capital as we focus on consistently delivering solid profits and healthy cash flow." Mr.Zhangconcluded.

RecentDevelopments

ImpactofCOVID-19

TheDecember quarterwitnessedthemostserious challengetoourChinaoperationscausedby the pandemic since its outbreak in 2020,with sales in offline MINISO stores decreased by 28% compared to the same period of 2021. Several major regional outbreaks led to tightened COVID- related health measures and lockdowns during this quarter. Based on the Company's estimation,total foot traffic to our offline MINISO stores decreased by 27%,36% and 34% in each of October,November and December,while average spending per ticket size increased by 5%,7% and 7%,which translates into declines of 23%,32% and 30% in sales in the corresponding periods. The number of MINISOstoresthatweretemporarilyclosedpeakedatover950inlateNovember.

This quarter's new wave of pandemic outbreak in China also caused disruptions to the operation of our logistics and transportation service providers,as a result,many ecommerce orders during the Double 11 online shopping festival were cancelled due to delayed product shipment.

After the turnaround of pandemic related policies in December and the resumption of normal daily life of consumers,offline sales bounced back to an encouraging level,with sales in January increased by around 40% year over year and sales in the 7-day Chinese New Year holiday season increase by around 25% compared to the same period of 2022. In addition,average sales per MINISOstoreinJanuary increasebyaround33%yearoveryearandaround18%inthe7-day ChineseNewYearholiday seasoncomparedtothesameperiodof2022.

UnauditedFinancialResultsfortheSecondQuarterofFiscalYear2023endedDecember31,2022

Revenuewas RMB2,494.4 million (US$361.7 million),representing a decrease of 10.0% year over year,primarily driven by a 26.6% year-over-year decline of revenue from China,partially offset by a 37.5% year-over-year increase of revenue from overseas markets.

RevenuefromChinawasRMB1,507.9million (US$218.6million),compared toRMB2,055.5million inthesameperiodof2021.Theyear-over-yeardecrease wasprimarilydrivenbya decrease in revenue from the MINISO brand from RMB1,868.0 million to RMB1,386.0 million (US$201.0million),asaresultoftheresurgenceofCOVID-19inChinaintheDecember quarter. For more information on the composition and year-over-year change of revenue,please refer to the "Unauditedadditionalinformation"in thispressrelease.

Revenue from overseas markets was RMB986.5 million (US$143.0 million),accounting for 39.5% of our total revenue and representing an increase of 37.5% year-over-year. The increase was primarily due to a year-over-year increase of 11.6% in average store count and a year-over-year growth of 23.3% in average revenue per MINISOstoreinoverseas markets.

CostofsaleswasRMB1,497.4million(US$217.1million),representingadecrease of21.6%year over year,mainlyattributabletothesavings measuresweadopted toreducethecostofcertain products.

GrossprofitwasRMB997.1million (US$144.6million),representinganincreaseof15.6%year over year.

Grossmarginwas40.0%,compared to31.1%inthesameperiodof2021.Theyear-over-year increase was primarily attributable to (i) the increase in revenue contribution from international operations,which typically have higher gross margin than domestic operations,from 25.9% in the same period of 2021 to 39.5% in this quarter,(ii) higher gross margin contributed by newly launched products in relation to our execution of strategic brand upgrade of MINISO inChina,and(iii)thesavingsmeasures weadoptedtoreducethecostofcertainproducts.

OtherincomewasRMB7.9million (US$1.1million),compared toRMB2.5million inthesame period of 2021.

Sellinganddistributionexpenses wereRMB416.8million(US$60.4 million),representingan increase of 8.3% year over year. Excluding share-based compensation expenses,selling and distributionexpenses wereRMB409.0million (US$59.3million),representinganincreaseof 10.3% yearoveryear.Theyear-over-yearincreasewasprimarily attributableto(i)increased promotionandadvertisingexpenses,mainlyinconnectionwithourstrategic brandupgradeof MINISO inChina,and(ii)increased depreciationandamortisationexpensesofdirectly operated stores.

Generalandadministrativeexpenses were RMB146.3 million (US$21.2million),representing a decrease of 33.9% year over year. Excluding share-based compensation expenses,general and administrative expenses were RMB140.8 million (US$20.4 million),representing a decrease of 34.5% year over year. The year-over-year decrease was primarily due to (i)decreased personnel-related expenses,and (ii) decreased depreciation and amortization expenses due to the capitalizationofconstructioncostsofourheadquarterbuilding.

OthernetincomewasRMB8.8million(US$1.3 million),comparedtoRMB12.3million inthe sameperiodof2021.Othernetincomemainlyconsistsofnetforeign exchangegain,investment income from wealth management products and others. The year-over-year decrease was mainly attributabletoadecrease ininvestmentincomefromwealthmanagementproducts asaresultof reducedprincipal ofsuchproducts,whichwaspartiallyoffsetbyanetforeign exchangegainof RMB1.8 millioninthisquarter,compared toanetforeignexchange lossofRMB15.8millioninthe same period of 2021.

OperatingprofitwasRMB447.6million (US$64.9million),representinganincreaseof75.2% year over year.

Netfinance incomewasRMB23.3million,representinganincrease of372.6%yearoveryear mainlyduetoanincreaseininterestincomefrombankdeposits.

ProfitfortheperiodwasRMB359.8million (US$52.2million),representinganincreaseof95.4% year over year.

Adjusted net profit(1),which represents profit for the period excluding equity-settled share-based paymentexpenses,wasRMB373.1million (US$54.1million),representinganincreaseof82.1% year over year.

Adjustednetmargin(1)was15.0%,comparedto7.4%inthesameperiodof2021.

Basicanddilutedearnings perAmericanDepositaryShare("ADS")wereRMB1.12(US$0.16) inthisquarter,compared tobasicanddilutedearnings perADSofRMB0.6inthesameperiodof 2021. EachADSrepresentsfouroftheCompany's ordinaryshares.

AdjustedbasicanddilutednetearningsperADS(1)werebothRMB1.16(US$0.17) inthisquarter,comparedtoRMB0.68inthesameperiodof2021.

AsofDecember31,thecombinedbalance oftheCompany'scash,cashequivalents,restricted cash,term deposits,and other investments amounted to RMB6,160.4 million (US$893.2 million).

ConferenceCall

The Company's management will hold an earnings conference call at 4:00 A.M. Eastern Time on Tuesday,February28,2023(5:00P.M.BeijingTimeonthesameday)todiscuss thefinancial results.Theconferencecallcanbeaccessedviathefollowing zoomlinkorbydialing thefollowing numbers:

Access1

Zoom link: https://dooyle.zoom.us/j/85321657710?pwd=b2tEUjVwZkl0TGt1RE94RHJOd2ZYdz09

Meeting Number: 853 2165 7710

MeetingPasscode: 9896

Access2

Listenersmayaccessthecallbydialing thefollowingnumbers withthesamemeetingnumberand passcode with Access 1.

UnitedStatesTollFree:

+12133388477(or+16465189805)

MainlandChinaTollFree:

4001823168(or4006168835)

HongKong,China(Charge Fees):

+85258033730(or+85258033731)

UnitedKingdom (ChargeFees):

+442034815237(or+441314601196)

France(Charge Fees):

+33170379729(or+33170372246)

Singapore(Charge Fees):

+6531587288(or+6531651065)

Canada(Charge Fees):

+14388097799(or+12042727920)

(1) See the sections titled "Non-IFRSFinancial Measures"and"ReconciliationofNon-IFRSFinancial Measures" inthispressrelease formoreinformation.

Access3

Listeners can also access the meeting through the Company's investor relations website at http://ir.miniso.com/.

A replay will be available approximately two hours after the conclusion of the live event at the Company's investor relations website at http://ir.miniso.com/.

AboutMINISOGroup

MINISOGroupisaglobalvalueretaileroffering avarietyofdesign-ledlifestyle products.The Companyserves consumersprimarilythrough itslargenetwork ofMINISO stores,andpromotes arelaxing,treasure-huntingandengaging shoppingexperiencefullofdelightfulsurprisesthatappeals toalldemographics.Aestheticallypleasing design,qualityandaffordabilityareatthe core ofeveryproduct inMINISO'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 https://ir.miniso.com/.

ExchangeRate

The U.S. dollar (US$) amounts disclosed in this press release,except for those transaction amounts that were actually settled in U.S. dollars,are presented solely for the convenience of the readers. The conversion of Renminbi (RMB)intoUS$inthispressrelease isbasedontheexchange ratesetforthintheH.10statisticalreleaseoftheBoardofGovernorsoftheFederal ReserveSystemas of December 30,which was RMB6.8972 to US$1.0000. The percentages stated in this pressrelease arecalculatedbasedontheRMBamounts.

Non-IFRSFinancialMeasures

Inevaluatingthebusiness,MINISOconsidersandusesadjusted netprofit,adjusted netmargin,adjustedbasicanddiluted netearningspershareandadjustedbasicanddiluted netearningsper ADS assupplementalmeasures toreviewandassessitsoperatingperformance.Thepresentation ofthesenon-IFRSfinancial measuresisnotintendedtobeconsideredinisolationorasa substituteforthefinancial informationpreparedandpresentedinaccordancewithIFRS.MINISO definesadjustednetprofitasprofitfortheperiodexcluding equity-settledshare-basedpayment expenses.MINISOcalculatesadjusted netmarginbydividingadjusted netprofitbyrevenuefor the sameperiod.MINISO computes adjusted basic and diluted net earnings per ADS by dividing the adjusted net profit attributable to the equity shareholders of the Company by the number of ADSsrepresentedbythenumberofordinary sharesusedinthebasicanddiluted earningspersharecalculationonanIFRSbasis.MINISO computes adjusted basic and diluted net earnings per share in the same way it calculates adjusted basic and diluted net earnings per ADS,except that it uses the number of ordinary shares used in the basic and diluted earnings per share calculation on anIFRSbasisasthedenominatorinsteadofthenumberofADSsrepresentedbytheseordinary shares.

MINISOpresents thesenon-IFRSfinancial measuresbecausetheyareusedbythemanagement toevaluateitsoperatingperformanceandformulatebusiness plans.Thesenon-IFRS financial measures enable the management to assess its operating results without considering the impacts of the aforementioned non-cash and other adjustment items thatMINISO does not consider to be indicative of its operating performance in the future. Accordingly,MINISObelievesthatthe use of these non-IFRS financial measures 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.

Thesenon-IFRS financialmeasuresarenotdefined underIFRSandarenotpresentedinaccordance withIFRS.Thesenon-IFRS financial measures have limitations as analytical tools. One of the key limitations of using thesenon-IFRSfinancial measuresisthattheydonotreflect allitemsof income andexpensethataffectMINISO'soperations.Further,thesenon-IFRSfinancial measures may differ from the non-IFRS information used by other companies,including peer companies,and thereforetheircomparabilitymaybelimited.

These non-IFRS financial measures should not be considered in isolation or construed as alternatives to profit,net profit margin,basic and diluted earnings per share and basic and diluted earnings per ADS,as applicable,or any other measures of performance or as indicators of MINISO'soperating performance.InvestorsareencouragedtoreviewMINISO'shistorical non-IFRS financial measures in light of the most directly comparableIFRSmeasures,asshown below.Thenon-IFRS financial measures presented here may not be comparable to similarly titled measures 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 measures,please see the table captioned "ReconciliationofNon-IFRSFinancial Measures"setforthattheendofthispressrelease.

SafeHarborStatement

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 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") and The Stock Exchange of Hong Kong Limited (the "HKEX"),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 toMINISO's businessandtheindustry.Further informationregardingtheseandotherrisksis includedinMINISO's filingswiththeSECandtheHKEX.Allinformationprovidedinthispress 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.

InvestorRelationsContact:

RaineHu

MINISO Group Holding Limited

Email: ir@miniso.com

Phone:+86(20)36228788Ext.8039

EricYuan

ChristensenAdvisory

Email: miniso@christensencomms.com

Phone:+8613801110739

MINISOGROUPHOLDINGLIMITED

UNAUDITEDCONDENSEDCONSOLIDATEDSTATEMENTSOFFINANCIALPOSITION

(Expressedinthousands)

Asat

Asat

June30,

December31,

2022

2022

(Audited)

(Unaudited)

RMB'000

RMB'000

US$'000

ASSETS

Non-currentassets

Property,plantandequipment

419,894

467,718

67,813

Right-of-useassets

2,342,589

2,337,100

338,847

Intangibleassets

43,066

33,382

4,840

Goodwill

19,388

20,860

3,024

Deferredtaxassets

154,333

165,642

24,016

Other receivables

28,274

28,717

4,164

Prepayments

201,682

200,269

29,036

3,209,226

3,253,688

471,740

Currentassets

Other investments

210,523

809,641

117,387

Inventories

1,188,095

1,474,792

213,825

Trade andotherreceivables

1,056,198

1,108,501

160,717

Cash andcashequivalents

5,348,492

5,186,601

751,986

Restrictedcash

32,376

28,609

4,148

Term deposits

236,878

135,548

19,653

8,072,562

8,743,692

1,267,716

Totalassets

11,281,788

11,997,380

1,739,456

Asat

Asat

June30,

2022

2022

(Audited)

(Unaudited)

RMB'000

RMB'000 US$'000

EQUITY

Share capital

92

95

14

Additionalpaid-incapital

7,982,824

8,015,885

1,162,194

Other reserves

993,307

987,848

143,224

Accumulatedlosses

(1,944,581)

(1,196,403)

(173,462)

Equity attributable to equity shareholders of the

Company

7,031,642

7,807,425

1,131,970

Non-controllinginterests

(4,242)

1,602

232

TotalEquity

7,027,400

7,809,027

1,132,202

LIABILITIES

Non-currentliabilities

Contractliabilities

51,658

49,895

7,234

Loans andborrowings

6,503

6,997

1,015

Lease liabilities

393,068

408,162

59,178

Deferredincome

14,488

11,741

1,702

465,717

476,795

69,129

Currentliabilities

Loans andborrowings

445

–

–

Trade andotherpayables

3,991

2,939,852

426,239

Contractliabilities

361,522

337,214

48,891

Lease liabilities

257,997

266,487

38,637

Deferredincome

6,295

6,533

947

Currenttaxation

89,421

161,472

23,411

3,788,671

3,711,558

538,125

Totalliabilities

4,254,388

4,353

607,254

Totalequityand liabilities

11,788

11,380

1,456

MINISO GROUPHOLDINGLIMITED

UNAUDITEDCONDENSED CONSOLIDATEDSTATEMENTSOFPROFITORLOSS

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

ThreemonthsendedDecember31,

Six months ended December 31,

2021

(Unaudited)

RMB'000

2022

(Unaudited)

RMB'000 US$'000

2021

(Unaudited)

RMB'000

2022

(Unaudited)

RMB'000 US$'000

Revenue

2,772,793

2,494,434

361,659

5,426,908

5,266,878

763,626

Cost of sales

(1,909,893)

(1,497,353)

(217,096)

(3,835,566)

(3,218)

(475,732)

Grossprofit

862,900

997,081

144,563

1,591,342

1,985,660

287,894

Other income

2,510

7,892

1,144

18,586

14,311

2,075

Selling and distribution expenses

(384,813)

(416,782)

(60,428)

(725,622)

(798,127)

(115,718)

General and administrative expenses

(221,421)

(146,282)

(21,209)

(432,696)

(313,908)

(45,512)

Other net income

12,337

8,815

1,278

45,964

72,850

10,562

Credit loss on trade and other receivables

(6,544)

(3,162)

(458)

(19,091)

(3,716)

(539)

Impairment loss on non-current assets

(9,536)

–

–

(9,536)

–

–

Operatingprofit

255,433

447,562

64,890

468,947

957,070

138,762

Finance income

13,380

32,429

4,702

26,437

64,684

9,378

Finance costs

(8,457)

(9,161)

(1,328)

(17,266)

(16,345)

(2,370)

Net finance income

4,923

23,268

3,374

9,171

48,339

7,008

Share of loss of an equity-accounted investee,

net of tax

(270)

–

–

(8,162)

–

–

Profitbeforetaxation

260,086

470,830

68,264

469,956

1,005,409

145,770

Income tax expense

(75,996)

(111,063)

(16,103)

(131,338)

(241,498)

(35,014)

Profitfortheperiod

184,090

359,767

52,161

338,618

763,911

110,756

Attributableto:

Equity shareholders of the Company

184,741

352,456

51,101

336,779

764,090

110,782

Non-controlling interests

(651)

7,311

1,060

1,839

(179)

(26)

Earningspershare

– Basic

0.15

0.28

0.04

0.28

0.61

0.09

– Diluted

0.15

0.28

0.04

0.28

0.61

0.09

EarningsperADS

(EachADSrepresents4ordinaryshares)

– Basic

0.60

1.12

0.16

1.12

2.44

0.35

– Diluted

0.60

1.12

0.16

1.12

2.44

0.35

MINISO GROUP HOLDING LIMITED

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,

December 31,2021

(Unaudited)

December 31,2022

(Unaudited)

2021

(Unaudited)

2022

(Unaudited)

RMB'000

RMB'000

US$ '000

RMB'000

RMB'000

US$ '000

Profit for the period

184,090

359,767

52,161

338,618

763,911

110,756

Items that may be reclassified subsequently to

profit or loss:

Exchange differences on translation of financial

statements of foreign operations

1,459

(40,110)

(5,815)

9,177

(13,634)

(1,977)

Other comprehensive income/(loss) for the

period

1,977)

Total comprehensive income for the period

185,549

319,657

46,346

347,795

750,277

108,779

Attributable to:

Equity shareholders of the Company

185,845

314,490

45,597

345,545

746,698

108,261

Non-controlling interests

(296)

5,167

749

2,250

3,579

518

MINISO GROUP HOLDING LIMITED

RECONCILIATION OF NON-IFRS FINANCIAL MEASURE

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

Three months ended December 31,

December 31,2021

(Unaudited)

December 31,2022

(Unaudited)

2021

(Unaudited)

2022

(Unaudited)

RMB'000

RMB'000

US$ '000

RMB'000

RMB'000

US$ '000

Reconciliation of profit for the period to

adjusted net profit:

Profit for the period

184,756

Add back:

Equity-settled share-based payment expenses

20,759

13,353

1,936

50,400

26,580

3,854

Adjusted net profit

204,849

373,120

54,097

389,018

790,491

114,610

Attributable to:

Equity shareholders of the Company

205,500

365,809

53,037

387,179

790,670

114,636

Non-controlling interests

(651)

7,311

1,060

1,839

(179)

(26)

Adjusted net earnings per share(4)

-Basic

0.17

0.29

0.04

0.32

0.64

0.09

-Diluted

0.17

0.29

0.04

0.32

0.63

0.09

Adjusted net earnigns per ADS(4)

(Each ADS represents 4 ordinary shares)

-Basic

0.68

1.16

0.17

1.28

2.56

0.37

-Diluted

0.68

1.16

0.17

1.28

2.52

0.37

(4) The adjusted basic and diluted net earnings per share are computed by dividing the adjusted net profit

attributable to the equity shareholders of the Company by the

number of ordinary shares used in the basic and diluted earnings per share calculation on an IFRS basis.

MINISO GROUPHOLDINGLIMITED

UNAUDITEDADDITIONALINFORMATION

(Expressedinmillions,exceptforpercentages)

ThreemonthsendedDecember31

SixmonthsendedDecember 31

2021

RMB

2022

RMB

2022

US$

YOY

2021

RMB

2022

RMB

2022

US$

YOY

Revenue

DomesticOperations

2,056

1,508

219

(27%)

4,086

3,360

487

(18%)

– MINISO Brand

1,868

1,386

202

(26%)

3,734

3,086

448

(17%)

– TOP TOY Brand

131

99

14

(24%)

240

223

32

(7%)

– Others

57

23

3

(60%)

112

51

7

(54%)

InternationalOperations

717

986

143

38%

1,341

1,907

276

42%

2,773

2,494

362

(10%)

5,427

5,267

763

(3%)

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