MINISO Group (MNSO) Q1 2023 Earnings Call Transcript

For the period ending September 30, 2022

November 14, 2022 7:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Ladies and gentlemen, thank you for standing by, and welcome to MINISO Group Holdings Earnings Conference Call for the First Quarter of Fiscal Year 2023. At this time all participants are in a listen-only mode. After the managements prepared remarks, we will conduct a question and answer session. Please note the event is being recorded.

Now I'd like to hand the conference over to your host speaker today, Mr. Eason Zhang, Vice President of Capital Markets. Please go ahead, Eason.

Eason Zhang

Thank you. Hello, everyone, and thank you all for joining us. We have announced our quarterly financial results earlier today and earnings release is now available on our Investor Relations website at ir.miniso.com.

Joining us today are our Founder and CEO, Mr. Jack Ye; and our CFO, Mr. Steven Zhang.

Before we continue, I'd 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 note that we will discuss non-IFRS financial measures today, which we have explained and reconciled to the most comparable measures reported under International Financial Reporting Standards in the company's earnings release and filing with the U.S. 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 are using Zoom meeting, you should be seeing it right now. We can also revisit it on our website later.

With that, I will now turn the call over to Mr. Ye. Please go ahead.

Jack Ye

[Foreign Language]

Eason Zhang

Thank you. Hello, everyone, and welcome to MINISO Group's earnings call for the 2022 September quarter. We kicked off fiscal year 2023 with an encouraging set of results headlined by strong margin performance in spite of the short-term hearings brought by pandemic in China, we remain 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 continue to see our overseas operations move further along the path of recovery, while our margin profile continued to beat expectations.

Jack Ye

[Foreign Language]

Eason Zhang