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Profile & Fundamentals

Meituan Profile & Fundamentals

Name: Meituan financial chart data preview
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Company and Market Context

Company Profile & Ownership

Meituan operates as a technology driven retail company in the People's Republic of China, Hong Kong, Macao, Taiwan, and internationally. It operates through Core Local Commerce and New Initiatives segments. The company offers daily goods and services, such as food delivery, in-store, hotel and travel booking, and other services and sales; bike sharing, e-moped sharing, power banks and micro-credit; and operates Kuailv and Xiaoxiang Supermarkets. It also sells goods from B2B food distribution services; provides online marketing services to merchants; e-commerce; multimedia information technology; online retail platform; cloud computing; and merchant information advisory services. The company was formerly known as Meituan Dianping and changed its name to Meituan in October 2020. Meituan was founded in 2003 and is headquartered in Beijing, China.

Company profile record

Meituan

Common Stock · Consumer Discretionary · Internet & Direct Marketing Retail

Official website

Company

Company / asset: Meituan
Security type: Common Stock
Sector: Consumer Discretionary
Industry: Internet & Direct Marketing Retail
HQ: 🇨🇳 China
Head office: Hengjiweiye Building, Beijing, China, 100102

Leadership & scale

Chief executive: Mr. Xing Wang
CEO year born: 1979
Full-time employees: 111.3K
Fiscal year end: December

Fundamentals snapshot

Updated 2026-09-02

Market Cap: HKD 452.0B
P/E: --
Revenue (Q2 26): CNY 104.2B
Profit (Q2 26): CNY 2.1B
Dividend Yield: --
Revenue (FY 25): CNY 364.9B
Shares in public float: 5.4B
Insider ownership: 1.85%

Reporting & identifiers

Symbol: 3690.HKEX
Listing: 🇭🇰 Hong Kong | Dividend Tax: 0%
Ticker Currency: HKD
Income Statement Currency: CNY
Balance Sheet Currency: CNY
Cash Flow Currency: CNY
EPS Currency: CNY
Contract Type: SPOT
ISIN: KYG596691041
Asset ID: equity_83afc793-0f34-5ad0-a25c-b442882abd4d

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

The company's recent financial performance shows a sharp contrast between past struggles and future potential. In 2025, profits took a massive hit, swinging to a heavy net loss due to a brutal price war and heavy spending on new projects. However, recent data from early 2026 shows that these losses are shrinking much faster than expected, signaling that the worst of the spending war is over. Experts agree that the core delivery business remains a powerful cash generator, but they disagree on how quickly overall profits will bounce back. Some believe a rapid recovery is just around the corner as competitive pressures fade, while others advise caution, pointing out that high interest rates and weak consumer spending in China could slow down the return to full profitability.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

The company's profit margins have been severely squeezed, with operating margins falling deep into negative territory during 2025 due to aggressive discount wars and expansion costs. However, the underlying gross profit margins remain healthy, proving that the core business model is not broken. There is a strong consensus that margins have finally hit rock bottom and are poised for a significant rebound as competitors stop offering extreme discounts. Analysts clash, however, on the ultimate ceiling for these margins. Optimists believe that transitioning to automated drone deliveries and expanding into high-margin Middle Eastern markets will drive to historic highs. On the other hand, skeptics warn that persistent competition from short-video platforms and government rules protecting delivery workers' pay will act as a permanent cap, preventing margins from fully returning to their previous peak levels.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-03.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2016-12-31	1,675,880,903.23	-293,374,064.52	-747,083,870.97	45.74	-48.16	-44.58	-17.51
2017-12-31	4,344,172,471.19	-135,228,040.97	-2,422,102,048.66	36.02	-11.28	-55.76	-3.11
2018-12-31	8,330,431,417.62	-1,463,573,307.79	-14,748,042,273.31	23.16	-17	-177.04	-17.57
2019-12-31	12,519,708,729.14	330,229,011.55	287,390,115.53	33.14	2.75	2.3	2.64
2020-12-31	14,812,194,838.71	-948,312,645.16	607,524,258.06	29.66	3.77	4.1	-6.4
2021-12-31	28,164,779,402.52	-2,047,470,440.25	-3,700,660,062.89	23.71	-12.91	-13.14	-7.27
2022-12-31	31,877,528,695.65	823,209,275.36	-968,887,391.3	28.08	-2.65	-3.04	2.58
2023-12-31	38,978,162,535.21	4,738,351,971.83	1,951,525,070.42	35.12	4.85	5.01	12.16
2024-12-31	43,448,079,279.28	5,939,162,676.96	4,608,388,545.69	38.44	10.91	10.61	13.67
2025-12-31	52,196,673,247.5	-3,874,922,603.72	-3,341,203,862.66	30.43	-6.86	-6.4	-7.42

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2024-12-31	24.79	Trailing four quarters
2023-12-31	33.59	Trailing four quarters

Shares outstanding — chart values
Reporting date	Shares outstanding
2017-01-01	5,491,255,100
2018-01-01	5,727,447,000
2019-01-01	5,808,400,100
2020-01-01	5,885,649,000
2021-01-01	5,885,649,000
2022-01-01	6,156,595,000
2023-01-01	6,212,999,000
2024-01-01	6,046,056,000
2025-01-01	6,108,646,000
2026-01-01	6,175,516,000

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Earnings, Profitability & Valuation
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Capital Expenditure & R&D
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Balance Sheet
- Balance sheet AI review
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Dividends & Actions
- Cash dividends paid
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- Buybacks and issuance
- Combined shareholder returns
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