Meituan-W(3690.HK): 3Q as scheduled cashing out, facing reasonable fluctuations.
Meituan announced its Q3 2024 performance: revenue reached 93.6 billion yuan, +22% year-on-year, roughly in line with the expected consensus (referred to as expectations), operating profit was 13.7 billion yuan, compared to 3.4 billion yuan in the same period last year, exceeding expectations by 3.7 billion yuan (
Meituan-W (3690.HK) Q3 2024 financial report review: Improved competitive landscape drives CLC profit release, pay attention to the future investment rhythm of international business.
Key point: In the third quarter of 2024, Meituan achieved total revenue of 93.577 billion yuan, a year-on-year increase of 22.4%, and realized Non-GAAP net income of 12.829 billion yuan, a year-on-year increase of 124%, in both revenue and profit.
Meituan-W (03690.HK): 3Q profits continue to exceed expectations, new business expected to slow down in loss reduction.
Performance review in 3Q24, adjusted net income higher than market expectations. The company announced 3Q24 performance: revenue increased by 22% year-on-year to 93.58 billion yuan, surpassing market expectations by 1.7%; adjusted net income was 12.83 billion yuan, exceeding market expectations.
Meituan's third-quarter revenue reached 93.6 billion yuan! Wang Xing: the goal is to become a global company.
① Besides Meituan Select, the other new business as a whole achieved profitability in the third quarter. ② Wang Xing emphasized that the scale of the Keeta business is still small and in its early development stage, and future international expansion will not be rushed.
Data reveals | What did Northern funds buy in November? They crazily invested nearly 10.6 billion Hong Kong dollars in Alibaba and increased their holdings in Tencent by nearly 8 billion Hong Kong dollars.
In November, Southbound funds "fiercely attacked" Hong Kong stocks, with a cumulative net buy amount of over 120 billion Hong Kong dollars, hitting a new high in nearly three years.
Meituan-W (03690.HK): Performance exceeds expectations, business synergy effects enhance.
Performance Summary for November 29, 2024, the company released the 2024 third quarter financial report. In Q3 2024, the company achieved revenue of 93.6 billion yuan, a year-on-year increase of 22.4%. Non-IFRS net income attributable to shareholders1.