SEHK:3690Hospitality
Why Meituan (SEHK:3690) Is Down 13.6% After Strong Revenue Growth But Sharply Lower Earnings
Meituan recently released its earnings results for the second quarter and first half of 2025, reporting sales of CNY 91.84 billion for the quarter and CNY 178.40 billion for the half year, both up compared to the previous year, while net income declined significantly to CNY 365.3 million and CNY 10.42 billion, respectively.
This combination of higher revenues alongside substantially reduced profits highlights the company’s current struggle to maintain profitability despite top-line...