HK Stock Market Move | MNSO (09896) has risen by more than 10%, recently continuing to repurchase shares, with the gross profit margin in the first half of the year reaching a historic high.

MNSO (09896) rose by more than 10%, as of the time of writing, it increased by 10.14% to 32.05 Hong Kong dollars, with a turnover of 126 million Hong Kong dollars. On the news front, MNSO has been continuously repurchasing shares recently. The company spent 9.8814 million Hong Kong dollars to repurchase 332,000 shares on September 17, at a repurchase price of 29.0940-30.0885 Hong Kong dollars per share. It is understood that MNSO has repurchased a total of 3.0706 million shares in the past three months, accounting for 0.24% of the company's issued share capital. In the first half of this year, MNSO's revenue increased by 25% year-on-year to 77.6 billion yuan, with a gross profit margin of 43.7%, up 4.1 percentage points year-on-year, reaching a record high. Adjusted net profit (Non-IFRS) was 1.24 billion yuan, an 18% increase from the previous year. As of June 30, 2024, MNSO had a total of 6,868 global store locations, with a net increase of 455 stores.