Full text | Meituan Q3 earnings conference transcript: "Dining merchant support action" initial investment totaled 1 billion yuan.
Meituan (HKEX: 3690) today released its financial report for the third quarter of 2024: revenue was 93.6 billion yuan, a year-on-year increase of 22.4%. Net income was 12.9 billion yuan, compared to 3.6 billion yuan in the same period of 2023; measured according to non-international financial reporting standards, the adjusted net income was 12.83 billion yuan, representing a year-on-year increase of 124.0%. After the release of the financial report, Meituan's chairman and CEO Wang Xing, and senior vice president and CFO Chen Shaohui participated in the subsequent analyst conference call to interpret the report. Below is the transcript of the Q&A session from the conference call: citic sec analyst Ya Jiang: I
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Japanese banks are reportedly planning to maintain their business relationship with Adani, while Barclays and other international banks are cautiously reassessing their exposures.
Despite the usa accusing Gautam Adani of bribery, several major banks in japan plan to maintain their relationships with the billionaire, while other global companies like Barclays are reassessing their risk exposure to this india conglomerate. According to sources, mizuho financial is expected to have no lasting impact from the latest events involving Adani and intends to continue supporting the conglomerate. Sources also stated that sumitomo mitsui financial and mitsubishi ufj financial have not withdrawn their plans and will remain open to providing new financing when needed in the future. Spokespeople for these three banks in Tokyo declined to comment. A representative of the Adani group did not respond.
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