10 Firms That Led Bloodbath Today

2. MINISO Group Holding Limited (NYSE:MNSO)

Miniso Group saw its share prices nosedive by 17.58 percent on Friday to finish at $18.29 apiece following a disappointing earnings performance in the first quarter of the year.

In its financial statement, MINISO Group Holding Limited (NYSE:MNSO) said net income attributable to shareholders declined by 28 percent to 416 million yuan from the 582 million yuan registered in the same period last year.

Revenues, on the other hand, increased by 18.9 percent to 4.4 billion yuan from the 3.7 billion yuan reported in the same period last year, on the back of a 9.1 percent revenue growth in Miniso mainland China.

Looking ahead, MINISO Group Holding Limited (NYSE:MNSO) said it entered 2025 facing an increasingly volatile market environment, but promised to stay resilient and agile to deliver long-term profitable growth.

“We are forging more holistic collaborations with our overseas partners to enhance synergies, upgrade store formats to improve operational efficiency and unlock potential in store opening space,” it said.