Miniso (MNSO.US) to launch self-developed millet-related products next year, up nearly 3%

Miniso (MNSO.US) rose nearly 3% on Monday to US$24.76. On December 9, Miniso revealed that it has cooperated with more than 150 famous IPs worldwide to date, driving the sales of over 800 million IP products. In terms of IP reserves in the two-dimensional world, it is expected to launch self-developed rice products every month next year, and create differentiated creative products through commissioning, remixing, etc., and launch more official rice products with Bandai. Currently, the Company has established an operation and research and development team composed of professional and experienced IP operators and talents in the two-dimensional circle in Shanghai.

Moreover, on December 3, the Guangdong Administration for Industry and Commerce announced that the acquisition of Yonghui Supermarket Co., Ltd. by Miniso's Guangdong Juncai International Trading Co., Ltd. was approved unconditionally in the review of the concentration of business operators. Guosheng Securities pointed out that the transaction of Yonghui's equity is expected to be completed in the first half of 2025, and the transaction price will have no more than 40% from its own funds in the future, which will be accounted for and consolidated in the investment income under the equity method.