MINISO Group Holding ( (MNSO) ) has provided an update.
On April 24, 2025, MINISO Group announced its upcoming annual general meeting scheduled for June 12, 2025, where shareholders will consider proposed resolutions, including a change of auditors. The company has filed its annual report for the fiscal year ended December 31, 2024, with both the U.S. SEC and the Hong Kong Stock Exchange. The board has recommended appointing Ernst & Young as the new auditors, replacing KPMG, to enhance audit independence and objectivity. This change is part of MINISO’s ongoing efforts to maintain strong corporate governance practices.
Spark’s Take on MNSO Stock
According to Spark, TipRanks’ AI Analyst, MNSO is a Outperform.
MINISO Group Holding has demonstrated strong financial performance with impressive revenue and profit growth, supported by a solid balance sheet. Technical indicators suggest caution with bearish momentum, but the valuation remains attractive with a reasonable P/E ratio and solid dividend yield. The recent earnings call provided a positive outlook with significant global expansion and improved profitability. Despite some operational challenges, the company’s strategic focus on international growth and efficiency improvements positions it well for future success.
To see Spark’s full report on MNSO stock, click here.
More about MINISO Group Holding
MINISO Group is a global value retailer offering a variety of trendy lifestyle products featuring IP design. The company serves consumers primarily through its large network of MINISO stores, promoting a relaxing, treasure-hunting, and engaging shopping experience. Since its first store opening in China in 2013, MINISO has established a massive store network worldwide, focusing on aesthetically pleasing design, quality, and affordability.
YTD Price Performance: -31.69%
Average Trading Volume: 1,263,089
Technical Sentiment Signal: Hold
Current Market Cap: $5.26B
Learn more about MNSO stock on TipRanks’ Stock Analysis page.