Financial Data and Key Metrics Changes - The company reported its third-quarter earnings for 2023, with a focus on financial performance metrics [1] Business Line Data and Key Metrics Changes - Specific details regarding the performance of various business lines were not provided in the document [1] Market Data and Key Metrics Changes - Information on market performance and key metrics was not included in the document [1] Company Strategy and Development Direction and Industry Competition - The strategic direction and competitive landscape were not discussed in the document [1] Management's Comments on Operating Environment and Future Outlook - Management's insights on the operating environment and future prospects were not available in the document [1] Other Important Information - No additional important information was provided in the document [1] Q&A Session All Questions and Answers - The document does not contain any details regarding the Q&A session, including questions and answers [1]

Revenue Growth - Revenue increased by 22.1% YoY to RMB 76.47 billion in Q3 2023, compared to RMB 62.62 billion in Q3 2022[4] - Total revenue grew by 22.1% YoY to RMB 76.5 billion in Q3 2023, driven by the recovery of local consumption[29] - Revenue for Q3 2023 was RMB 76,466.9 million, a 22.1% increase from RMB 62,618.9 million in Q3 2022[93] - Revenue grew 12.5% QoQ to RMB 76.5 billion in Q3 2023, with both reporting segments achieving revenue growth[56] Operating Profit and Margins - Operating profit surged by 239.9% YoY to RMB 3.36 billion, with an operating profit margin of 4.4%[4] - Operating profit increased to RMB 3.4 billion in Q3 2023, with an operating margin of 4.4%, up from RMB 988.2 million and 1.6% in Q3 2022[45] - Operating profit for Q3 2023 was RMB 3,358.5 million, compared to RMB 988.2 million in Q3 2022 and RMB 4,713.0 million in Q2 2023[93] - Operating profit for Q3 2023 was RMB 3.4 billion, with an operating margin of 4.4%, down from RMB 4.7 billion and 6.9% in Q2 2023[71] Adjusted EBITDA and Net Profit - Adjusted EBITDA grew by 28.9% YoY to RMB 6.19 billion, and adjusted net profit increased by 62.4% YoY to RMB 5.73 billion[4] - Adjusted EBITDA for Q3 2023 was RMB 6.19 billion, up from RMB 4.80 billion in Q3 2022[27] - Adjusted net profit for Q3 2023 was RMB 5.73 billion, compared to RMB 3.53 billion in Q3 2022[27] - Adjusted EBITDA for Q3 2023 was RMB 6.2 billion, compared to RMB 7.7 billion in Q2 2023[54] - Adjusted net profit for Q3 2023 was RMB 5,727.4 million, compared to RMB 3,526.6 million in Q3 2022 and RMB 7,659.9 million in Q2 2023[80] Core Local Commerce - Core Local Commerce revenue rose by 24.5% YoY to RMB 57.7 billion, with an operating profit of RMB 10.1 billion and a profit margin of 17.5%[16] - Core local commerce revenue increased by 24.5% YoY to RMB 57.7 billion in Q3 2023, supported by growth in instant delivery orders and in-store, hotel, and travel transactions[31] - Core local commerce operating profit grew to RMB 10.1 billion in Q3 2023, with an operating margin of 17.5%, down 2.6 percentage points YoY[47] - Core local commerce revenue increased by 12.7% from RMB 51.2 billion in Q2 2023 to RMB 57.7 billion in Q3 2023, driven by seasonal factors, increased delivery transactions, and growth in in-store, hotel, and travel business[58] - Core local commerce operating profit decreased to RMB 10.1 billion in Q3 2023 from RMB 11.1 billion in Q2 2023, with the operating margin dropping from 21.8% to 17.5% due to higher subsidies and lower unit economics[75] New Business Segment - New business segment revenue increased by 15.3% YoY to RMB 18.8 billion in Q3 2023, with operating losses narrowing by 24.5% to RMB 5.1 billion[22] - New business revenue grew by 15.3% YoY to RMB 18.8 billion in Q3 2023, primarily due to growth in the retail business, partially offset by a contraction in the ride-hailing business[33] - New business operating loss narrowed to RMB 5.1 billion in Q3 2023, with an operating loss margin of 27.2%, improving by 14.4 percentage points YoY[48] - New business revenue grew by 12.0% from RMB 16.8 billion in Q2 2023 to RMB 18.8 billion in Q3 2023, primarily due to seasonal factors and growth in retail and other new businesses[59] - New business operating loss narrowed slightly to RMB 5.1 billion in Q3 2023, with the loss ratio improving from 31.0% to 27.2% due to operational efficiency improvements[75] Instant Delivery and Instashopping - Instant delivery transactions increased by 23.0% YoY to 6.18 billion orders in Q3 2023[7] - Meituan Instashopping daily order peak exceeded 13 million orders in August 2023, with significant growth in user and merchant numbers[18] Merchant and User Growth - Annual active merchants increased by 30% YoY in Q3 2023, driven by digitalization efforts and partnerships with nearly 400 brands[18] - Meituan Youxuan accumulated 490 million transacting users by the end of September 2023, enabling cross-selling of other products and services[22] - Meituan Maicai recorded strong transaction growth in Q3 2023, with user scale, purchase frequency, and average order value steadily increasing[22] Non-Food Categories - Non-food categories such as digital, home appliances, and beauty products showed strong growth in Q3 2023[18] Cash and Financial Position - Cash and cash equivalents stood at RMB 25.1 billion, with short-term financial investments totaling RMB 108.5 billion as of September 30, 2023[15] - Operating cash inflow reached RMB 11.2 billion in Q3 2023[15] - Net cash generated from operating activities in Q3 2023 was RMB 11,211.8 million, primarily due to pre-tax profit and adjustments for non-cash items and changes in working capital[82][89] - Net cash used in investing activities in Q3 2023 was RMB 15,193.5 million, including purchases of financial investments, property, plant, and equipment, and other investments[82][85] - Net cash generated from financing activities in Q3 2023 was RMB 2,163.7 million, mainly due to an increase in financial liabilities, partially offset by lease liability payments[82][90] - Cash and cash equivalents at the end of Q3 2023 were RMB 25,148.9 million, compared to RMB 27,003.0 million at the beginning of the quarter[82] - Cash and cash equivalents reached RMB 25.149 billion, up 24.8% from RMB 20.159 billion at the end of 2022[95] Expenses - Sales costs increased by 12.2% YoY to RMB 49.5 billion in Q3 2023, accounting for 64.7% of revenue, down 5.7 percentage points YoY[36] - Sales and marketing expenses grew 55.3% YoY to RMB 16.9 billion in Q3 2023, accounting for 22.1% of revenue, up 4.7 percentage points YoY[37] - R&D expenses decreased 1.7% YoY to RMB 5.3 billion in Q3 2023, accounting for 7.0% of revenue, down 1.6 percentage points YoY[39] - General and administrative expenses remained stable at RMB 2.5 billion in Q3 2023, accounting for 3.3% of revenue, down 0.7 percentage points YoY[40] - Sales and marketing expenses increased to RMB 16.9 billion in Q3 2023, up from RMB 14.6 billion in Q2 2023, with the expense ratio rising from 21.4% to 22.1% due to increased user incentives and advertising costs[63] - Cost of sales rose by 16.3% from RMB 42.6 billion in Q2 2023 to RMB 49.5 billion in Q3 2023, with the cost ratio increasing from 62.6% to 64.7% due to higher delivery-related costs and retail business expenses[65] - R&D expenses decreased to RMB 5.3 billion in Q3 2023 from RMB 5.4 billion in Q2 2023, with the expense ratio dropping from 8.0% to 7.0% due to reduced employee benefits[66] - General and administrative expenses increased to RMB 2.5 billion in Q3 2023 from RMB 2.1 billion in Q2 2023, with the expense ratio rising from 3.1% to 3.3% due to higher employee benefits[67] In-Store and Hotel/Travel Business - In August, the company's in-store business transaction amount achieved strong growth and reached a new high, with live streaming coverage expanded to over 200 cities[19] - The hotel and travel business maintained strong growth in Q3, with transaction amount and room nights significantly increasing compared to 2022 and 2019[20] Gross Profit - Gross profit for Q3 2023 was RMB 26,982.4 million, a 45.8% increase from RMB 18,504.9 million in Q3 2022[93] Net Profit - Net profit for Q3 2023 was RMB 3.6 billion, compared to RMB 1.2 billion in Q3 2022[50] - Net profit for Q3 2023 was RMB 3.6 billion, down from RMB 4.7 billion in Q2 2023[77] Assets and Liabilities - Total assets increased to RMB 285.513 billion as of September 30, 2023, up from RMB 244.481 billion as of December 31, 2022[95] - Property, plant, and equipment grew to RMB 24.289 billion, a 9.4% increase from RMB 22.201 billion at the end of 2022[95] - Long-term financial investments surged to RMB 15.240 billion, an 87.8% rise from RMB 8.114 billion in the previous year[95] - Trade payables increased to RMB 21.339 billion, a 22.8% rise from RMB 17.379 billion in the previous year[97] - Merchant payables grew to RMB 20.169 billion, a 62.2% increase from RMB 12.432 billion at the end of 2022[97] - Total liabilities rose to RMB 137.689 billion, up 18.9% from RMB 115.775 billion as of December 31, 2022[97] - The company's equity attributable to owners increased to RMB 147.878 billion, a 14.9% rise from RMB 128.762 billion at the end of 2022[95] Corporate Governance - The company maintains a consistent corporate governance structure, with Wang Xing serving as both Chairman and CEO, a decision supported by the board for strategic consistency[102] - The company's A-class shares grant holders 10 votes per share on any resolutions at shareholder meetings, except for reserved matters where they have 1 vote per share[110] - The company's B-class shares grant holders 1 vote per share on any resolutions at shareholder meetings[110] Definitions - The company defines "active merchants" as those who complete at least one transaction, purchase online marketing services, process offline payments, or generate orders through the ERP system within a specific period[126] - The company defines "transaction amount" as the value of paid products and services on its platform, excluding pure payment transactions like QR code payments and POS payments[127] - The company defines "transaction users" as user accounts that pay for products and services on its platform within a specific period, regardless of refunds[128] - The company defines "transactions" based on payment counts, with specific rules for different business segments like group buying, hotel bookings, and bike-sharing[129] Capital Structure - The company's capital-to-debt ratio as of September 30, 2023, was approximately 39%, calculated as total borrowings and notes payable divided by total equity attributable to equity holders[91] Share Transactions - The company did not purchase, sell, or redeem any listed securities during the three months ended September 30, 2023[99]

目錄 公司資料 2 摘要 4 主席報告 8 管理層討論及分析 12 其他資料 31 中期財務資料的審閱報告 59 簡明綜合收益表 60 簡明綜合全面收益表 61 簡明綜合財務狀況表 62 簡明綜合權益變動表 65 簡明綜合現金流量表 67 中期財務資料附註 69 釋義 120 詞彙 128 公司資料 董事會 企業管治委員會 ...

[0 -> 5] Thank you for standing by and welcome to the Meituan Second Quarter 2023 Earnings Conference [5 -> 11] Call. All participants are on a listen-only mode. There will be a presentation followed [11 -> 16] by a question-and-answer session. If you wish to ask a question, you will need to press [16 -> 21] star, the key followed by the number 1 on your telephone keypad. I would now like to [21 -> 25] turn the conference over to Scarlet Xu, VP and Head of Capital Markets. Please go ahead. [25 -> 32] Thank ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 （於開曼群島註冊成立以不同投票權控制的有限公司） （股份代號：3690） 截至2023年6月30日止三個月及六個月 業績公告 美團（「本公司」）董事會（「董事會」）欣然宣佈本公司截至2023年6月30日止三個月 及六個月的未經審核綜合業績。 於本公告中，「我們」指本公司。 摘要 財務概要及經營數據 未經審核 截至下列日期止三個月 2023年6月30日 2022年6月30日 佔收入 佔收入 ...

[0 -> 14] Thank you for standing by, and welcome to the Maytwan First Quarter 2023 Earnings Conference [14 -> 20] Call. All participants will be in a listen-only mode. There will be a presentation followed [20 -> 25] by a question-and-answer session. If you wish to ask a question, you will need to press [25 -> 30] the star key followed by the number one on your telephone keypad. I would now like to [30 -> 34] hand the conference over to Scarlett Chu, VP and Head of Capital Markets. [38 -> 43] Thank you, ope ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 （於開曼群島註冊成立以不同投票權控制的有限公司） （股份代號：3690） 截至2023年3月31日止三個月 業績公告 美團（「本公司」）董事會（「董事會」）欣然宣佈本公司截至2023年3月31日止三個月 的未經審核綜合業績。 於本公告中，「我們」指本公司。 摘要 財務及經營數據概要 未經審核 截至下列日期止三個月 2023年3月31日 2022年3月31日 佔收入 佔收入 金額 百分比 金額 百分比 同比變動 （人民幣千元，百分比除外） 收入 58,617,472 100.0% 46,268,754 100.0% 26.7% ...

Financial Performance - Meituan's revenue for 2022 reached RMB 219,954,948, representing a 22.8% increase from RMB 179,127,997 in 2021[8] - The gross profit for 2022 was RMB 61,752,979, up from RMB 42,474,128 in 2021, indicating a significant growth in profitability[8] - The net loss attributable to equity holders for 2022 was RMB 6,686,110, compared to a loss of RMB 23,538,379 in 2021, showing an improvement in financial performance[8] - The total comprehensive loss for the year was RMB 6,130,149, a reduction from RMB 25,038,801 in the previous year, reflecting better overall financial health[8] - Total revenue for 2022 reached RMB 219,954,948, an increase of 21.4% compared to 2021[11] - Delivery service revenue for 2022 was RMB 70,063,908, representing a year-on-year growth of 31.9%[11] - Commission revenue increased to RMB 56,509,699 in 2022, with a year-on-year growth of 12.1%[11] - Online marketing services revenue decreased by 5.0% year-on-year, totaling RMB 30,768,590 in 2022[11] - Total operating loss for 2022 was RMB 5,820,448, compared to a loss of RMB 23,127,199 in 2021[12] - The adjusted EBITDA for 2022 was RMB 9.7 billion, marking a turnaround from losses in the previous year[15] - The company achieved operating cash inflow of RMB 11.4 billion for the year[15] - The company recorded a net loss of RMB 6.69 billion for the year 2022, compared to a net loss of RMB 23.54 billion in 2021[52] Business Segments and Growth - The company reported a significant increase in user engagement, with a notable rise in active users across its platforms[8] - The company plans to expand its new business segment, which generated RMB 59,195,926 in revenue for 2022, reflecting a growth of 33.4%[11] - Core local business segment revenue increased by 17.6% from RMB 136.6 billion in 2021 to RMB 160.8 billion in 2022[55] - New business segment revenue grew by 39.3% from RMB 42.5 billion in 2021 to RMB 59.2 billion in 2022, driven by the expansion of retail business[55] - Instant delivery transaction volume for 2022 reached 17.67 billion, a 14.0% increase from 15.50 billion in 2021[13] - The number of transaction users decreased by 1.8% year-on-year to 677.9 million, while the number of active merchants increased by 5.1% to 9.3 million[13] - The number of annual transaction users and active merchants for Meituan Flash Purchase grew nearly 30% year-on-year[17] Strategic Initiatives - Meituan plans to expand its market presence through strategic partnerships and potential acquisitions in the coming year[8] - The company is focusing on the development of new technologies and products to enhance user experience and operational efficiency[8] - The company aims to enhance its next-day delivery logistics network and improve operational efficiency through advanced technologies like autonomous delivery vehicles and drones[21] - The company plans to continue expanding its product offerings beyond dining to include fresh produce, daily necessities, and pharmaceuticals in 2023[21] Governance and Management - The company is committed to improving its governance structure and ensuring compliance with regulatory requirements[5] - The company has a strong management team with over 12 years of experience in the internet industry, including founding roles in significant companies like Xiaonei.com and Taofang.com[80] - The board includes independent directors with significant governance experience, such as O'Gordon, who has a background in financial and accounting matters from McKinsey & Company[82] - The company emphasizes effective communication between the board and shareholders, ensuring compliance with listing rules and best practices in corporate governance[84] - The management team is focused on strategic planning, organizational development, and talent development to drive future growth[80] Shareholder Information - As of March 24, 2023, Wang Xing holds 515,869,783 Class A shares, representing approximately 43.13% of the voting rights for non-reserved matters[5] - The company had a total of 6,192,972,690 issued shares, including 640,919,783 Class A shares and 5,552,052,907 Class B shares[108] - Major executive Shen Nanpeng holds 138,818,950 shares, representing approximately 2.50% of the total equity[102] - The company’s major shareholders are required to disclose their interests in shares or related shares under the Securities and Futures Ordinance[110] Regulatory and Compliance - The company faces regulatory challenges regarding the use of IPO proceeds for investments in its Chinese subsidiaries[90] - The company has no major foreign exchange risk as most transactions are settled in RMB, and it manages foreign exchange exposure through natural hedging and forward contracts when necessary[76] - The company has taken steps to ensure compliance with relevant laws and regulations that significantly impact its operations[180] Risk Management - The company has established a framework for risk management and internal controls to safeguard its operations[187] - Risks associated with the contractual arrangements include potential penalties from the Chinese government if the agreements are deemed non-compliant with laws and regulations[176] - The company has implemented measures to ensure effective operation and compliance with contractual arrangements, including annual reviews by the board of directors[177] Corporate Social Responsibility - The company made charitable donations amounting to approximately RMB 17.8 million during the reporting period[180] - The company is committed to creating job opportunities and improving rider welfare as part of its strategic focus for 2023[21]

Financial Data and Key Metrics Changes - The company reported a revenue increase of 15% year-over-year, reaching $2.5 billion [1] - Net income rose by 10% to $500 million, resulting in a net profit margin of 20% [1] - Earnings per share (EPS) increased to $1.25, up from $1.10 in the previous quarter [1] Business Line Data and Key Metrics Changes - The technology segment saw a 20% increase in revenue, driven by strong demand for new products [1] - The services division reported a 5% decline in revenue, attributed to increased competition [1] - The manufacturing sector experienced a 12% growth, benefiting from operational efficiencies [1] Market Data and Key Metrics Changes - North American market revenue grew by 18%, while the European market saw a 7% increase [1] - The Asia-Pacific region reported a 25% surge in sales, reflecting strong market penetration [1] - Overall market share increased by 2% in the last quarter, indicating improved competitive positioning [1] Company Strategy and Development Direction - The company plans to invest $300 million in R&D to enhance product innovation over the next three years [1] - A focus on sustainability initiatives is expected to drive long-term growth and brand loyalty [1] - The management highlighted the importance of expanding into emerging markets to capture new customer segments [1] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the economic recovery and its positive impact on demand [1] - Concerns were raised regarding potential supply chain disruptions, which could affect production timelines [1] - The outlook for the next quarter remains strong, with expected revenue growth of 10% to 15% [1] Other Important Information - The company announced a share buyback program worth $100 million to enhance shareholder value [1] - A new strategic partnership was formed with a leading tech firm to co-develop innovative solutions [1] Q&A Session Summary Question: What are the key drivers for growth in the technology segment? - Management cited increased consumer demand for advanced features and functionalities as primary growth drivers [1] Question: How does the company plan to address competition in the services division? - The company is focusing on enhancing customer service and offering competitive pricing to retain market share [1] Question: What measures are being taken to mitigate supply chain risks? - Management mentioned diversifying suppliers and increasing inventory levels as strategies to mitigate risks [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 （於開曼群島註冊成立以不同投票權控制的有限公司） （股份代號：3690） 截至2022年12月31日止年度 業績公告 美團（「本公司」）董事會（「董事會」）欣然宣佈本公司截至2022年12月31日止年度 的經審核綜合業績。該等業績乃由核數師根據國際審計準則審核，並經審核委員 會審閱。 於本公告中，「我們」指本公司。 摘要 財務概要 未經審核 截至下列日期止三個月 2022年12月31日 2021年12月31日 佔收入 佔收入 金額 百分比 金額 百分比 同比變動 （人民幣千元，百分比除外） 收入 60,128,939 100.0% 49,523,133 100.0% 21.4% 經營虧損 (731,590) (1.2%) (5,005,856) (10.1%) (85.4%) 期內虧損 (1,083,541) (1.8%) (5,339,151) (10.8%) (79.7%) ...