Meituan
HKEX:3690

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Meituan
HKEX:3690
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Price: 170.9 HKD -1.04%
Market Cap: 940.3B HKD
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Income Statement

Earnings Waterfall
Meituan

Revenue
305.7B CNY
Cost of Revenue
-194.1B CNY
Gross Profit
111.6B CNY
Operating Expenses
-88.2B CNY
Operating Income
23.4B CNY
Other Expenses
-860.3m CNY
Net Income
22.5B CNY

Income Statement
Meituan

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Income Statement
Currency: CNY
Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024
Revenue
Revenue
46 497
N/A
65 573
+41%
65 227
-1%
73 126
+12%
80 756
+10%
89 174
+10%
97 529
+9%
95 109
-2%
97 128
+2%
105 035
+8%
114 795
+9%
135 057
+18%
154 094
+14%
167 522
+9%
179 128
+7%
188 380
+5%
195 559
+4%
209 349
+7%
219 955
+5%
232 303
+6%
249 330
+7%
263 178
+6%
276 745
+5%
291 404
+5%
305 690
+5%
Gross Profit
Cost of Revenue
(33 660)
(48 165)
(50 122)
(56 163)
(58 694)
(62 090)
(65 208)
(62 661)
(64 045)
(70 722)
(80 744)
(99 003)
(114 102)
(127 575)
(136 654)
(142 366)
(146 484)
(152 547)
(158 202)
(161 474)
(168 677)
(174 048)
(179 554)
(188 334)
(194 128)
Gross Profit
12 838
N/A
17 409
+36%
15 105
-13%
16 962
+12%
22 062
+30%
27 083
+23%
32 320
+19%
32 447
+0%
33 081
+2%
34 312
+4%
34 050
-1%
36 054
+6%
39 992
+11%
39 947
0%
42 474
+6%
46 014
+8%
49 075
+7%
56 802
+16%
61 753
+9%
70 829
+15%
80 653
+14%
89 130
+11%
97 191
+9%
103 070
+6%
111 562
+8%
Operating Income
Operating Expenses
(21 023)
(28 704)
(28 582)
(29 833)
(29 791)
(30 308)
(30 974)
(28 763)
(29 099)
(30 650)
(36 095)
(40 085)
(49 210)
(56 645)
(64 681)
(66 042)
(65 941)
(65 884)
(68 102)
(68 876)
(73 745)
(79 993)
(87 058)
(86 529)
(88 171)
Selling, General & Administrative
(16 363)
(22 307)
(20 703)
(22 970)
(23 293)
(24 020)
(21 444)
(22 709)
(22 852)
(23 432)
(24 984)
(31 151)
(38 723)
(45 247)
(47 370)
(51 770)
(50 358)
(49 975)
(47 495)
(50 528)
(55 730)
(61 781)
(65 944)
(71 747)
(72 583)
Research & Development
(5 263)
(7 266)
(7 031)
(7 725)
(8 053)
(8 187)
(8 208)
(8 705)
(9 050)
(9 883)
(10 584)
(12 073)
(13 597)
(15 343)
(16 239)
(18 078)
(19 381)
(20 079)
(20 108)
(20 908)
(21 111)
(21 018)
(20 578)
(21 153)
(21 086)
Depreciation & Amortization
0
0
(1 041)
0
0
0
(1 952)
0
0
0
(1 801)
0
0
0
(2 362)
0
0
0
(2 654)
0
0
0
(2 668)
0
0
Other Operating Expenses
603
869
194
863
1 556
1 901
630
2 651
2 803
2 664
1 274
3 139
3 110
3 946
1 290
3 808
3 799
4 170
2 154
2 560
3 098
2 808
2 132
6 373
5 497
Operating Income
(8 186)
N/A
(11 296)
-38%
(13 477)
-19%
(12 871)
+4%
(7 729)
+40%
(3 224)
+58%
1 347
N/A
3 685
+174%
3 983
+8%
3 663
-8%
(2 045)
N/A
(4 031)
-97%
(9 218)
-129%
(16 699)
-81%
(22 207)
-33%
(20 028)
+10%
(16 866)
+16%
(9 082)
+46%
(6 349)
+30%
1 954
N/A
6 909
+254%
9 138
+32%
10 133
+11%
16 541
+63%
23 390
+41%
Pre-Tax Income
Interest Income Expense
1 810
1 524
2 618
1 707
593
1 057
1 944
(506)
199
5 827
6 121
5 503
5 185
(637)
1 677
(552)
(1 524)
(1 394)
(106)
769
1 779
1 978
5 026
651
842
Non-Reccuring Items
0
0
(6)
0
(139)
(251)
(514)
(821)
(728)
(746)
386
(196)
(254)
(3 703)
(2 986)
(3 888)
(3 834)
(539)
(254)
(355)
(500)
(492)
(1 135)
(1 055)
(1 136)
Total Other Income
(28 813)
(108 569)
(104 626)
(84 393)
(79 756)
0
(15)
0
0
0
(25)
0
0
0
(50)
0
0
0
(46)
0
0
0
(1)
0
0
Pre-Tax Income
(35 189)
N/A
(118 342)
-236%
(115 491)
+2%
(95 557)
+17%
(87 031)
+9%
(2 417)
+97%
2 762
N/A
2 358
-15%
3 453
+46%
8 743
+153%
4 438
-49%
1 276
-71%
(4 286)
N/A
(21 037)
-391%
(23 566)
-12%
(24 467)
-4%
(22 223)
+9%
(11 014)
+50%
(6 756)
+39%
2 370
N/A
8 190
+246%
10 624
+30%
14 022
+32%
16 137
+15%
23 095
+43%
Net Income
Tax Provision
(142)
(286)
(2)
(303)
(237)
(220)
(526)
(268)
(29)
(332)
270
165
160
596
30
74
71
73
70
7
(8)
(66)
(165)
(269)
(563)
Income from Continuing Operations
(35 332)
(118 629)
(115 493)
(95 860)
(87 268)
(2 638)
2 236
2 090
3 424
8 412
4 708
1 441
(4 125)
(20 440)
(23 536)
(24 392)
(22 152)
(10 941)
(6 685)
2 375
8 180
10 556
13 857
15 868
22 531
Income to Minority Interest
63
65
16
4
(5)
(5)
3
3
1
0
1
0
(1)
(2)
(2)
(1)
0
0
(1)
0
(1)
(1)
(2)
(2)
(1)
Net Income (Common)
(35 270)
N/A
(118 565)
-236%
(115 477)
+3%
(95 858)
+17%
(87 275)
+9%
(2 645)
+97%
2 239
N/A
2 092
-7%
3 425
+64%
8 412
+146%
4 708
-44%
1 440
-69%
(4 127)
N/A
(20 444)
-395%
(23 538)
-15%
(24 393)
-4%
(22 153)
+9%
(10 942)
+51%
(6 686)
+39%
2 373
N/A
8 178
+245%
10 555
+29%
13 856
+31%
15 866
+15%
22 530
+42%
EPS (Diluted)
-22.74
N/A
-76.41
-236%
-42.4
+45%
-35.19
+17%
-9.97
+72%
-0.46
+95%
0.38
N/A
0.36
-5%
0.57
+58%
1.43
+151%
0.81
-43%
0.24
-70%
-0.69
N/A
-3.44
-399%
-3.9
-13%
-3.94
-1%
-3.6
+9%
-1.78
+51%
-1.09
+39%
0.4
N/A
1.27
+218%
1.69
+33%
2.19
+30%
2.51
+15%
3.62
+44%

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