Changes in Hong Kong stocks | Meituan-W (03690) rose nearly 3% at the end of the session, Meituan's second-quarter results beat expectations, and operating profit improved

The Zhitong Finance App learned that Meituan-W (03690) rose nearly 3% at the end of the session. As of press release, it rose 2.67% to HK$78.7, with a turnover of HK$3.165 billion.

According to the news, Meituan announced results for the second quarter of 2026, with revenue of about 104.643 billion yuan, up 14.4% year on year; profit for the period was 2.55 billion yuan, up 4.9 times year on year; adjusted net profit was about 2,524 billion yuan, up 69% year on year. Among them, the revenue of the core local business segment increased 10.1% year over year to 71.5 billion yuan. Thanks to a significant increase in the profitability of the instant delivery business, operating profit changed to 5.7 billion yuan; revenue from the new business segment increased 25% year-on-year to 33.1 billion yuan.

Citibank pointed out that Meituan's second-quarter results beat expectations, and total revenue increased 14.4% year-on-year, 2.9% and 3.5% higher than the bank's and market forecasts. Profit from core local commercial operations improved significantly to RMB 5.67 billion during the period, far higher than the bank's and market expectations of $3.42 billion and $3.42 billion respectively. Xiaomo said that Meituan's takeout business was profitable in the second quarter, and management expects the takeout business to remain profitable in the third quarter even with rising seasonal delivery costs and increased investment in membership and marketing.