The ongoing daily buyback is a mechanical 10b5-1 program with no new strategic signal. Monitor the next 20-F for any change in the repurchase authorization or cancellation of the remaining 90.3M shares authorized under the June 2026 mandate.
Price Chart
Executive Summary
MINISO Group filed a Form 6-K with the Hong Kong Stock Exchange monthly return (FF301) for September 2026 and multiple Next Day Disclosure Returns (FF305) for early October 2026, all reporting routine share repurchases for cancellation. The filings show no change in issued shares (1,214,041,449 ordinary shares) and no treasury shares. The company repurchased 30,109,408 shares during September (pending cancellation) and continued daily buybacks on both the NYSE and HKEX in early October at average prices around USD 2.20 per ADS and HKD 17.30 per ordinary share. These are routine administrative disclosures of an ongoing buyback program — no material new information.
Key Facts
- Issued shares unchanged at 1,214,041,449 as of September 30, 2026 and through October 8, 2026.
- No treasury shares held throughout the period.
- 30,109,408 shares repurchased during September 2026 (27,726,600 on HKEX + 595,702 ADSs on NYSE) pending cancellation.
- Daily repurchases continued in early October: 107,360 shares (NYSE, Oct 2), 100,000 (HKEX, Oct 5), 108,628 (NYSE, Oct 5), 100,000 (HKEX, Oct 6), 110,800 (NYSE, Oct 6), 100,000 (HKEX, Oct 7), 109,872 (NYSE, Oct 7), 100,000 (HKEX, Oct 8), 100,000 (HKEX, Oct 8).
- Total repurchases under the June 18, 2026 mandate reached 31,153,504 shares (2.57% of issued shares) as of October 8, 2026.
- Share Incentive Plan (2020 Plan) has 30,773,850 shares available for future option grants.
- 14,891,854 new shares may be issued for RSUs already granted under the 2020 Plan.
Financial Impact
Routine buyback program — aggregate repurchase spend in September ~$2.4M (estimated from 30.1M shares at ~$0.08/share equivalent); early October daily spend ~$240K on NYSE and ~HKD 1.73M on HKEX per day. Immaterial relative to $3.07B annual revenue.
Risk Factors
- Potential future dilution from 14.9M RSUs and 30.8M option shares under the 2020 Plan.
- No new financial or operational data in this filing — stock price impact from buyback alone is minimal.
Investment Themes
Documents Analyzed
This report is based on 13 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001104659-26-114858 |
| Document: tm2627278d1_ex99-3.htm | 0001104659-26-114858 |
| Document: tm2627278d1_ex99-8.htm | 0001104659-26-114858 |
| Document: tm2627278d1_ex99-6.htm | 0001104659-26-114858 |
| Document: tm2627278d1_ex99-1.htm | 0001104659-26-114858 |
| Document: tm2627278d1_ex99-9.htm | 0001104659-26-114858 |
| Document: tm2627278d1_ex99-2.htm | 0001104659-26-114858 |
| Document: tm2627278d1_ex99-5.htm | 0001104659-26-114858 |
| Document: tm2627278d1_ex99-7.htm | 0001104659-26-114858 |
| Document: tm2627278d1_6k.htm | 0001104659-26-114858 |
| Document: 0001104659-26-114858-index-headers.html | 0001104659-26-114858 |
| Document: 0001104659-26-114858-index.html | 0001104659-26-114858 |
| Document: 0001104659-26-114858.txt | 0001104659-26-114858 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 6-K | — | awaiting T+1 | — | — |
Oct 21, 2026 5d ago | 6-K | $9.86 $10.21 | ▲ +3.55% | ▲ +4.73% | $9.98 (+1.22%) |
Oct 14, 2026 12d ago | 6-K | $10.22 $10.58 | ▲ +3.52% | ▲ +3.24% | $9.98 (−2.35%) |
Oct 9, 2026 17d ago | 6-K | $9.60 $9.73 | ▲ +1.35% | ▲ +1.41% | $9.98 (+3.96%) |
Oct 5, 2026 21d ago | 6-K | $8.89 $8.91 | ▲ +0.23% | ▼ −0.32% | $9.98 (+12.26%) |
Sep 30, 2026 26d ago | Insider Buy | $9.29 $9.13 | ▼ −1.72% | ▼ −1.90% | $9.98 (+7.43%) |
Sep 29, 2026 27d ago | 6-K | $9.22 $9.29 | ▲ +0.76% | ▲ +0.96% | $9.98 (+8.24%) |
Sep 29, 2026 27d ago | 6-K | $9.22 $9.29 | ▲ +0.76% | ▲ +0.96% | $9.98 (+8.24%) |
Sep 23, 2026 4w ago | 6-K | $8.98 $8.93 | ▼ −0.56% | ▼ −0.47% | $9.98 (+11.14%) |
Sep 17, 2026 5w ago | 6-K | $8.80 $8.60 | ▼ −2.27% | ▼ −2.15% | $9.98 (+13.41%) |
US Market Status
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