MINISO Group Holding Limited

Hello, everyone. Before the course starts, please mark your name and your institution. Thank you very much. Ladies and gentlemen, thank you for standing by and welcome to Minnesota's Earnings Conference Call for the September quarter that ended September 30, 2023. At this time, all participants are in a listen-only mode. After the management prepare remarks, we will conduct a question and answer section. Before joining the question and answer section, please mark your name and institution and be kindly note that this event is being recorded. We have announced our quarterly financial result earlier today. An earnings release is now available on our investor relations website at ir.munisw.com. Joining us today are our founder and CEO, Mr. Jack Yeh, and our CFO, Mr. Ethan Zhang. Before we continue, I would like to refer you to the safe harbor statement in our earnings press release, which also applies to this call, as we will be making forward-looking statements. Please also know that we will be discussing on IFRS financial measures today, which we will have explained and reconciled to the most comparable measures reported under the international financial reporting standard in the company's earnings release and filings with the US SEC and Hong Kong Stock Exchange. In addition, we have prepared a PowerPoint presentation for today's call, which contains financial and operational information for this quarter. If you're using Zoom meeting, you should be seeing it right now. You can also revisit it on our IR website later. Now, I would like to hand the conference over to Mr. Ye, and the operator will translate for Mr. Ye. Please go ahead, sir. 大家好,欢迎参加本次全年财报电话会议。

The overall performance of this quarter's overall performance is rising again. In terms of revenue and profit, the quarter's breakthrough in the previous quarter continued to maintain high-quality development. Among them, revenue once again broke the single-quarter record of 37.9 billion yuan, a 37% growth ratio. The labor rate also broke 40% for the first time, reaching 41.8%. Last year, the share price increased by 6.1%. Hello, everyone, and welcome to Minnesota Group's September 11, 2023 earnings conference call.

Our overall performance once again reached new highs during this quarter. A sport of our revenue and profitability maintains high-quality growth. based on the breakthroughs we achieved in previous quarters. Total revenue hits RMB 3.79 billion and set a new record, increasing by 37% year-over-year. Growth margin exceeds 40% for the very first time, reaching 41.8 with an increase of 6.1 percentage points compared to the same period last year. Adjusted net profit exceeds RMB 640 million, representing a year-over-year increase of 54%. Adjusted net profit margin reached 16.9%, increasing by about 2 percentage points compared to the same period last year.