美团-W：Bottoming out-20260327

| (YE 31 Dec) | FY24A | FY25A | FY26E | FY27E | FY28E | | --- | --- | --- | --- | --- | --- | | Revenue (RMB mn) | 337,592 | 365,982 | 408,564 | 464,754 | 517,386 | | YoY growth (%) | 22.0 | 8.4 | 11.6 | 13.8 | 11.3 | | Net profit (RMB mn) | 35,807.2 | (23,355.1) | (10,786.5) | 27,256.6 | 42,112.8 | | Adjusted net profit (RMB mn) | 43,772.4 | (18,648.0) | (4,703.1) | 33,682.8 | 48,726.3 | | YoY growth (%) | 88.2 | na | na | na | 44.7 | | EPS (Adjusted) (RMB cents) | 714.64 | (306.86) | (77.39) | 554.26 | 80 ...