Q4经调整EBITDA为115.23亿元，同比增长207.7%；
Futu News reported on March 21 that Meituan announced its fourth quarter results for 2024 after the Hong Kong stock market closed today.
Q4 revenue was 88.487 billion yuan (RMB, the same below), a year-on-year increase of 20.1%;
The Q4 operating profit is 6.693 billion yuan, a year-on-year increase of 280.7%.
The adjusted EBITDA for Q4 is 11.523 billion yuan, a year-on-year increase of 207.7%.Q4 adjusted net income was 9.849 billion yuan, a year-on-year increase of 125.1%.
Looking at the segments:
Core Local Business
In the fourth quarter of 2024, the revenue of the core local business segment increased by 18.9% year-on-year to 65.6 billion yuan. The operating profit increased by 60.9% year-on-year to 12.9 billion yuan, and the operating profit margin increased to 19.7% year-on-year.
In terms of merchants, Meituan launched a 1 billion yuan merchant support plan in the fourth quarter. Regarding delivery riders, since July 2022, under the guidance of government authorities, the company has provided a total of 1.4 billion yuan in occupational injury protection funds to all riders in seven pilot provinces and cities.
New Business
In the fourth quarter of 2024, the revenue from the new business segment increased by 23.5% year-on-year to 22.9 billion yuan. The segment's operating loss narrowed by 55.0% year-on-year to 2.2 billion yuan. The operating loss margin improved year-on-year to 9.5%.
Meituan further consolidated its market position in most new businesses, including B2B dining supply chain, bike sharing, shared electric bikes, dining Saas, and shared power banks; in addition, Meituan accelerated its exploration of overseas markets, further expanding Keeta to all major cities in Saudi Arabia since its launch in Riyadh last October.
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Editor/lambor
Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
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