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MEITUAN-W Opens Down 9.7% as 2Q Non-IFRS Adj. Profit Plunges 89%, Way Below Forecast
Recommend 29 Positive 50 Negative 43 |
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After releasing its results, MEITUAN-W (03690.HK) opened 9.7% lower at HKD105, with a volume of 15.773 million shares, involving HKD1.656 billion. The company announced its 2Q25 results after the market closed yesterday (27th). Its profit sank by 97% YoY to RMB365 million, non-IFRS adjusted EBITDA dived by 82% YoY to RMB2.782 billion, and adjusted net profit plunged by 89% to RMB1.493 billion, far below the lower limit of RMB7.229 billion predicted by eight brokers summarized by our reporters. AAStocks Financial News |
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