Chinese technology platform for local services including food delivery, hotel booking, movie ticketing, and bike-sharing across China.
Profile & Fundamentals
Meituan: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Meituan Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
Meituan operates as a technology driven retail company in the People's Republic of China, Hong Kong, Macao, Taiwan, and internationally. It operates through Core Local Commerce and New Initiatives segments. The company offers daily goods and services, such as food delivery, in-store, hotel and travel booking, and other services and sales; bike sharing, e-moped sharing, power banks and micro-credit; and operates Kuailv and Xiaoxiang Supermarkets. It also sells goods from B2B food distribution services; provides online marketing services to merchants; e-commerce; multimedia information technology; online retail platform; cloud computing; and merchant information advisory services. The company was formerly known as Meituan Dianping and changed its name to Meituan in October 2020. Meituan was founded in 2003 and is headquartered in Beijing, China.
Company profile record
Meituan
Common Stock · Consumer Discretionary · Internet & Direct Marketing Retail
Company
- Company / asset
- Meituan
- Security type
- Common Stock
- Sector
- Consumer Discretionary
- Industry
- Internet & Direct Marketing Retail
- HQ
- 🇨🇳 China
- Head office
- Hengjiweiye Building, Beijing, China, 100102
Leadership & scale
- Chief executive
- Mr. Xing Wang
- CEO year born
- 1979
- Full-time employees
- 111.3K
- Fiscal year end
- December
Fundamentals snapshot
- Market Cap
- HKD 437.2B
- P/E
- --
- Revenue (Q2 26)
- CNY 104.2B
- Profit (Q2 26)
- CNY 2.1B
- Dividend Yield
- --
- Revenue (FY 25)
- CNY 364.9B
- Shares in public float
- 5.4B
- Insider ownership
- 1.85%
Reporting & identifiers
- Symbol
- 3690.HKEX
- Listing
- 🇭🇰 Hong Kong | Dividend Tax: 0%
- Ticker Currency
- HKD
- Income Statement Currency
- CNY
- Balance Sheet Currency
- CNY
- Cash Flow Currency
- CNY
- EPS Currency
- CNY
- Contract Type
- SPOT
- ISIN
- KYG596691041
- Asset ID
- equity_83afc793-0f34-5ad0-a25c-b442882abd4d
Ownership
Shares Outstanding
Latest: 6.2B | Max: 6.2B | Min: 5.5B
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
88.12%
5.4B latest reported shares
Insider Ownership
1.85%
Latest reported insider stake
Short Float
--
Latest reported short interest / float
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 5,491,255,100 |
| 2018-01-01 | 5,727,447,000 |
| 2019-01-01 | 5,808,400,100 |
| 2020-01-01 | 5,885,649,000 |
| 2021-01-01 | 5,885,649,000 |
| 2022-01-01 | 6,156,595,000 |
| 2023-01-01 | 6,212,999,000 |
| 2024-01-01 | 6,046,056,000 |
| 2025-01-01 | 6,108,646,000 |
| 2026-01-01 | 6,175,516,000 |
Top Holders
Available reported ownership records.
No reported records are available in this preview.
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Meituan's financial performance underwent a dramatic turnaround in the second quarter of 2026, generating CNY 104.6 billion in revenue and swinging back to a net profit of CNY 2.15 billion. This follows a painful fiscal 2025 where aggressive platform price wars and heavy venture spending produced a net loss of CNY 23.4 billion. The return to profitability demonstrates that core food delivery and local services remain fundamentally viable once irrational competitor subsidies recede. While trailing-twelve-month results still show negative figures from the peak of the 2025 subsidy war, current quarterly cash flows have turned positive. By closing unprofitable community grocery warehouses and controlling marketing discounts, the company is restoring operating leverage and rebuilding recurring earnings.
Meituan's financial performance underwent a dramatic turnaround in the second quarter of 2026, generating CNY 104.6 billion in revenue and swinging back to a net profit of CNY 2.15 billion. This follows a painful fiscal 2025 where aggressive platform price wars and heavy venture spending produced a net loss of CNY 23.4 billion. The return to profitability demonstrates that core food delivery and local services remain fundamentally viable once irrational competitor subsidies recede. While trailing-twelve-month results still show negative figures from the peak of the 2025 subsidy war, current quarterly cash flows have turned positive. By closing unprofitable community grocery warehouses and controlling marketing discounts, the company is restoring operating leverage and rebuilding recurring earnings.
Revenue, Net Income, and Free Cash Flow
Latest: CNY 364.9B | Max: CNY 364.9B | Min: CNY -115.5B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 25x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability margins have rebounded after bottoming out during the 2025 price war. Group operating margins dropped to negative 6.86% in 2025 under heavy promotional discounting, before recovering to positive territory as Core Local Commerce operating margins climbed to 7.9% in the second quarter of 2026. This recovery proves that underlying platform pricing power was only temporarily suppressed by competitor discounts. Gross margins held steady above 30%, supported by high-margin merchant advertising and hotel booking commissions. While mandatory social safety insurance for delivery riders creates a permanent cost floor, expanding delivery density and merchant software monetization are steadily rebuilding normalized profit margins toward sustainable mid-single-digit levels.
Profitability margins have rebounded after bottoming out during the 2025 price war. Group operating margins dropped to negative 6.86% in 2025 under heavy promotional discounting, before recovering to positive territory as Core Local Commerce operating margins climbed to 7.9% in the second quarter of 2026. This recovery proves that underlying platform pricing power was only temporarily suppressed by competitor discounts. Gross margins held steady above 30%, supported by high-margin merchant advertising and hotel booking commissions. While mandatory social safety insurance for delivery riders creates a permanent cost floor, expanding delivery density and merchant software monetization are steadily rebuilding normalized profit margins toward sustainable mid-single-digit levels.
Profitability Margins
Latest: 30.4% | Max: 45.7% | Min: <-100.0%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
30.4%
Gross profit / revenue
Operating Margin
-6.9%
Operating income / revenue
Net Margin
-6.4%
Net income / revenue
FCF Margin
-7.4%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 1,675,880,903.23 | -747,083,870.97 | -293,374,064.52 |
| 2017-12-31 | 4,344,172,471.19 | -2,422,102,048.66 | -135,228,040.97 |
| 2018-12-31 | 8,330,431,417.62 | -14,748,042,273.31 | -1,463,573,307.79 |
| 2019-12-31 | 12,519,708,729.14 | 287,390,115.53 | 330,229,011.55 |
| 2020-12-31 | 14,812,194,838.71 | 607,524,258.06 | -948,312,645.16 |
| 2021-12-31 | 28,164,779,402.52 | -3,700,660,062.89 | -2,047,470,440.25 |
| 2022-12-31 | 31,877,528,695.65 | -968,887,391.3 | 823,209,275.36 |
| 2023-12-31 | 38,978,162,535.21 | 1,951,525,070.42 | 4,738,351,971.83 |
| 2024-12-31 | 43,448,079,279.28 | 4,608,388,545.69 | 5,939,162,676.96 |
| 2025-12-31 | 52,196,673,247.5 | -3,341,203,862.66 | -3,874,922,603.72 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2024-12-31 | 24.79 | Trailing four quarters |
| 2023-12-31 | 33.59 | Trailing four quarters |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 45.74 | -48.16 | -44.58 | -17.51 |
| 2017-12-31 | 36.02 | -11.28 | -55.76 | -3.11 |
| 2018-12-31 | 23.16 | -17 | -177.04 | -17.57 |
| 2019-12-31 | 33.14 | 2.75 | 2.3 | 2.64 |
| 2020-12-31 | 29.66 | 3.77 | 4.1 | -6.4 |
| 2021-12-31 | 23.71 | -12.91 | -13.14 | -7.27 |
| 2022-12-31 | 28.08 | -2.65 | -3.04 | 2.58 |
| 2023-12-31 | 35.12 | 4.85 | 5.01 | 12.16 |
| 2024-12-31 | 38.44 | 10.91 | 10.61 | 13.67 |
| 2025-12-31 | 30.43 | -6.86 | -6.4 | -7.42 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-03.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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