美团-2025 财年盈利预警

February 15, 2026 05:35 PM GMT Meituan | Asia Pacific FY25 Profit Warning What's new: Meituan announced a profit warning for FY25: (1) IFRS NP loss range of Rmb23.3-24.3bn, (2) CLC OP loss of Rmb6.8-7bn due to increasing investments to combat intense competition. The company expects the loss-making trend to continue into 1Q26. Our view: The guidance is largely in-line with consensus for IFRS NP of Rmb-23bn, while the CLC OP loss was slightly better than expected vs MSe/cons at Rmb-8bn for FY25. This implies ...