Miniso Group Holding Ltd Net Assets
Miniso Group Holding Ltd net assets. Based on the latest financial reports, Miniso Group Holding Ltd (MNSO) has net assets worth $11.03 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($29.63 Billion) and total liabilities ($18.60 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore how fast is Miniso Group Holding Ltd growing its equity to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $11.03 Billion |
| % of Total Assets | 37.23% |
| Annual Growth Rate | 44.49% |
| 5-Year Change | 61.24% |
| 10-Year Change | N/A |
| Growth Volatility | 49.73 |
Net Assets of Miniso Group Holding Ltd (2017–2025)
Net assets of Miniso Group Holding Ltd from 2017 to 2025. This chart illustrates how Miniso Group Holding Ltd's net assets have evolved over time, based on quarterly financial data. See Miniso Group Holding Ltd balance sheet independence to measure how much of total assets are equity-financed.
Annual Net Assets for Miniso Group Holding Ltd (2017–2025)
The table below shows the annual net assets of Miniso Group Holding Ltd from 2017 to 2025. For live market cap and overall valuation, see Miniso Group Holding Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $10.73 Billion | +3.58% |
| 2024-12-31 | $10.36 Billion | +12.67% |
| 2023-12-31 | $9.19 Billion | +30.79% |
| 2022-12-31 | $7.03 Billion | +5.64% |
| 2021-12-31 | $6.65 Billion | 0.00% |
| 2020-12-31 | $6.65 Billion | +2159.20% |
| 2019-12-31 | $-323.05 Million | -183.44% |
| 2018-12-31 | $-113.97 Million | -120.19% |
| 2017-12-31 | $564.61 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Miniso Group Holding Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3740.1% over the analyzed period, indicating profitable operations and earnings retention.
Miniso Group Holding Ltd Net Assets Breakdown (December 2025)
Miniso Group Holding Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $5.62 Billion | 52.89% |
| Common Stock | $94.06K | 0.00% |
| Other Comprehensive Income | $2.33 Billion | 21.93% |
| Other Components | $2.68 Billion | 25.19% |
| Total Equity | $10.63 Billion | 100.00% |
Miniso Group Holding Ltd Competitors by Market Cap
The table below lists competitors of Miniso Group Holding Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangdong Electric Power Development Co Ltd
SHE:000539
|
$3.30 Billion |
|
Huhtamaki Oyj
HE:HUH1V
|
$3.30 Billion |
|
Grupo Cementos de Chihuahua S.A.B. de C.V
MX:GCC
|
$3.30 Billion |
|
Berner Kantonalbank AG
SW:BEKN
|
$3.30 Billion |
|
SLM Corp
NASDAQ:SLM
|
$3.29 Billion |
|
Adecco Group AG
F:ADIA
|
$3.29 Billion |
|
Guangzhou Great Power Energy&Technology Co Ltd
SHE:300438
|
$3.29 Billion |
|
Sinomach Heavy Equipment Group Co Ltd
SHG:601399
|
$3.29 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Miniso Group Holding Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,314,974,000 to 10,625,524,943, a change of 310,550,943 (3.0%).
- Net income of 1,172,214,000 contributed positively to equity growth.
- Dividend payments of 1,320,756,379 reduced retained earnings.
- Share repurchases of 520,666,226 reduced equity.
- New share issuances of 4,267,726,000 increased equity.
- Other comprehensive income increased equity by 1,961,841,733.
- Other factors decreased equity by 5,249,808,185.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.17 Billion | +11.03% |
| Dividends Paid | $1.32 Billion | -12.43% |
| Share Repurchases | $520.67 Million | -4.9% |
| Share Issuances | $4.27 Billion | +40.16% |
| Other Comprehensive Income | $1.96 Billion | +18.46% |
| Other Changes | $-5.25 Billion | -49.41% |
| Total Change | $- | 3.01% |
Book Value vs Market Value Analysis
This analysis compares Miniso Group Holding Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.32x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 23.84x to 0.32x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $0.46 | $11.04 | x |
| 2018-12-31 | $-0.41 | $11.04 | x |
| 2019-12-31 | $-1.11 | $11.04 | x |
| 2020-12-31 | $24.09 | $11.04 | x |
| 2021-12-31 | $24.12 | $11.04 | x |
| 2022-12-31 | $23.12 | $11.04 | x |
| 2023-12-31 | $29.30 | $11.04 | x |
| 2024-12-31 | $33.09 | $11.04 | x |
| 2025-12-31 | $34.46 | $11.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Miniso Group Holding Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.03%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.62%
- • Asset Turnover: 0.73x
- • Equity Multiplier: 2.70x
- Recent ROE (11.03%) is above the historical average (3.75%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.00% | -3.09% | 1.80x | 0.00x | $-278.17 Million |
| 2019 | 0.00% | -2.92% | 1.54x | 0.00x | $-228.60 Million |
| 2020 | -21.49% | -15.76% | 0.85x | 1.61x | $-2.09 Billion |
| 2021 | -21.25% | -15.60% | 0.85x | 1.61x | $-2.08 Billion |
| 2022 | 9.08% | 6.33% | 0.89x | 1.60x | $-64.99 Million |
| 2023 | 27.23% | 16.36% | 1.05x | 1.58x | $1.58 Billion |
| 2024 | 25.38% | 15.40% | 0.94x | 1.76x | $1.59 Billion |
| 2025 | 11.03% | 5.62% | 0.73x | 2.70x | $109.66 Million |
Industry Comparison
This section compares Miniso Group Holding Ltd's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $608,969,371
- Average return on equity (ROE) among peers: 23.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Miniso Group Holding Ltd (MNSO) | $11.03 Billion | 0.00% | 1.69x | $3.30 Billion |
| Able View Global Inc. Class B Ordinary Shares (ABLV) | $7.74 Million | 76.78% | 1.27x | $39.95 Million |
| Arhaus Inc (ARHS) | $340.24 Million | 36.81% | 2.25x | $698.09 Million |
| Arko Corp (ARKO) | $224.17 Million | 4.89% | 3.81x | $433.04 Million |
| Academy Sports Outdoors Inc (ASO) | $1.47 Billion | 45.77% | 2.13x | $2.77 Billion |
| BARK, Inc. (BARK) | $-75.40 Million | 0.00% | 0.00x | $75.52 Million |
| Build-A-Bear Workshop Inc (BBW) | $95.51 Million | 20.94% | 0.98x | $319.07 Million |
| Bath & Body Works Inc. (BBWI) | $-258.00 Million | 0.00% | 0.00x | $3.81 Billion |
| Best Buy Co. Inc (BBY) | $3.31 Billion | 44.28% | 2.90x | $17.28 Billion |
| Big 5 Sporting Goods Corporation (BGFV) | $268.78 Million | 9.72% | 1.64x | $33.00 Million |
| Barnes & Noble Education Inc (BNED) | $713.71 Million | 0.75% | 0.82x | $434.43 Million |
About Miniso Group Holding Ltd
MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of design-led lifestyle and pop toy products in Mainland China, the rest of Asia, North and Latin America, Europe, and internationally. The company offers products in various categories, including home decor products, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal ca… Read more