MINISO Group Holding (MNSO) Research & Development (2019 - 2025)

MINISO Group Holding (MNSO) has 7 years of Research & Development data on file, last reported at -$236.6 million in Q4 2025.

• On a quarterly basis, Research & Development fell 72.56% year-over-year to -$236.6 million in Q4 2025; TTM through Dec 2025 was -$740.1 million, a 51.16% decrease from a year earlier, with the FY2025 full-year figure at -$753.0 million, down 56.17% from the prior year.
• Research & Development for Q4 2025 stood at -$236.6 million, down from -$200.8 million in the prior quarter.
• Over the last five years, Research & Development for MNSO reached as high as -$43.8 million in Q2 2021 and fell as low as -$236.6 million in Q4 2025.
• Historically, Research & Development has averaged -$105.6 million across 5 years, with a median of -$87.8 million in 2023.
• Across the five-year window, Research & Development tumbled 225.24% in 2021 and advanced 27.56% in 2024, its largest moves.
• Year by year, Research & Development stood at -$60.4 million in 2021, then fell by 0.07% to -$60.4 million in 2022, then slumped by 213.3% to -$189.3 million in 2023, then grew by 27.56% to -$137.1 million in 2024, then sank by 72.56% to -$236.6 million in 2025.
• Per Business Quant data, the three most recent Research & Development figures were -$236.6 million in Q4 2025, -$200.8 million in Q3 2025, and -$161.9 million in Q2 2025.