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    3690   KYG596691041

MEITUAN

(3690)
  Report
End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 01/26
225 HKD   -0.35%
05:15aHong Kong Hang Seng Down 2% on Fed Outlook, Renewed Tech Slump
MT
01/26Hong kong shares of meituan set to open down 3.8%…
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01/26Hong Kong shares end marginally higher ahead of Fed policy update
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Meituan Swung to Loss in Third Quarter Due to Antitrust Fines, Heavy Marketing Spending

11/26/2021 | 05:09am EST

By Yifan Wang

Meituan said it swung to a loss in the third quarter after Chinese authorities slapped a US$500 million-plus antitrust fine on the delivery company earlier this year amid a wide-ranging tech crackdown.

The Chinese tech giant posted a loss of 9.99 billion yuan (US$1.56 billion) for the July-to-September quarter, compared with a net profit of CNY6.32 billion a year earlier. The firm was found guilty of monopolistic business practices by China's top market watchdog in October, after a multi-month investigation, and was hit with a fine of about $533 million.

Heavy marketing spending and investments in new businesses, such as grocery delivery, also weighed on profitability.

Revenue rose 38% to CNY48.83 billion, with rapid growth across all business segments.

Meituan said it expects to "continue to allocate resources" to expand new businesses and operations.

Write to Yifan Wang at yifan.wang@wsj.com

(END) Dow Jones Newswires

11-26-21 0509ET

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Analyst Recommendations on MEITUAN
More recommendations
Financials
Sales 2021 180 B 28 278 M 28 278 M
Net income 2021 -23 843 M -3 750 M -3 750 M
Net cash 2021 64 389 M 10 127 M 10 127 M
P/E ratio 2021 -47,8x
Yield 2021 -
Capitalization 1 121 B 177 B 176 B
EV / Sales 2021 5,87x
EV / Sales 2022 4,34x
Nbr of Employees 69 205
Free-Float 70,9%
Chart MEITUAN
Duration : Period :
Meituan Technical Analysis Chart | 3690 | KYG596691041 | MarketScreener
Technical analysis trends MEITUAN
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 39
Last Close Price 182,62 CNY
Average target price 250,35 CNY
Spread / Average Target 37,1%
EPS Revisions
Managers and Directors
Xing Wang Chairman & Chief Executive Officer
Shao Hui Chen Chief Financial Officer & Senior Vice President
Heung Yeung Shum Independent Non-Executive Director
Xue Song Leng Independent Non-Executive Director
Gordon Robert Halyburton Orr Independent Non-Executive Director
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