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MEITUAN-W Opens Down by Less than 1% after Expecting 2025 to Swing to Loss Max. RMB24.3B, 1Q26 to Sustain Loss
Recommend 10 Positive 17 Negative 11 |
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MEITUAN-W (03690.HK) opened 0.6% lower this morning (16th) at HK$81.65, with 231,400 shares traded in pre-market trading, amounting to HK$18.8912 million. Meituan had issued a profit warning after the market closed last Friday (13th), expecting a loss of RMB23.3-24.3 billion for 2025, compared to a profit of RMB35.808 billion in the previous year. The expected loss of the Group in 2025 was primarily due to a reversal from an operating profit of approximately RMB52.415 billion in 2024 to an operating loss of approximately RMB6.8-7 billion in 2025 for the Core Local Commerce segment, together with increased investments in the Group’s overseas businesses. The loss-making trend was expected to continue into the first quarter of 2026. The Company stressed that the Group’s operations remain sound and stable, and the Group has sufficient cash to support the steady development of its businesses. AAStocks Financial News |
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