2023-08-24 09:06:27
Yang Liang 2023-08-24 17:06:27
According to DoNews on August 24, Meituan released its financial report for the second quarter and first half of 2023 as of June 30 on the 24th. In the first half of the year, Meituan’s revenue was 126.58 billion yuan and its net profit was 8.05 billion yuan.
Data show that Meituan’s Q2 revenue increased by 33.4% from 50.9 billion yuan in the same period in 2022 to 68 billion yuan, and its non-IFRS net profit was 7.66 billion yuan, a year-on-year increase of 272.2%.
The profit of Meituan’s core local business segment was 11.1 billion yuan, an increase of 4.8% from 8.3 billion yuan in the same period in 2022. At the same time, the operating loss of the new business segment of Meituan in the second quarter of 2023 narrowed to RMB 5.2 billion year-on-year; the profit during the period was 4.7 billion yuan, compared with the loss of RMB 1.1 billion in the same period in 2022, and the year-on-year turnaround was surplus.
In addition, Meituan’s adjusted EBITDA and adjusted net profit for the quarter were both 7.7 billion yuan, a record high.
In the second quarter of 2023, Meituan achieved an operating cash inflow of RMB 10.9 billion; as of June 30, 2023, its cash and cash equivalents and short-term wealth management investments were RMB 27 billion and RMB 93.2 billion, respectively.
As of press time, Meituan’s Hong Kong stocks have risen by 7.44%.
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