Metrics

As-reported financial statements for Meituan, FY2021–FY2025, traced to the source filings, opened with the share-price history those statements have to justify. Every linked figure opens the exact page of the filing it was printed on, with the statement row highlighted. Amounts in RMB thousands unless noted.

Share Price — Available History Since January 2026

The stock closed at HK$80.90 on Jul 09, 2026 — down 18% over the window shown, trading between HK$64.25 and HK$105.00.

Source: market price feed, daily closes, Jan 2026–Jul 2026 — the feed marks this available history as partial. Price return only, excludes dividends.

FY2025 at a Glance

Source: FY2025 consolidated statements [1] [2] [3] [4]. Click any linked figure to open the filing page with the row highlighted.

Revenue by Operating Segment

Revenue by Operating Segment	FY2021	FY2022	FY2023	FY2024	FY2025
Core local commerce	136,645,437	160,759,022	206,906,932	250,247,496	260,826,094
New initiatives	42,482,560	59,195,926	69,838,022	87,344,080	104,028,652
Total revenues	179,127,997	219,954,948	276,744,954	337,591,576	364,854,746
Total revenues growth, derived	—	+22.8%	+25.8%	+22.0%	+8.1%

Source: Note 5 Segment Reporting — segment revenues (FY2021 restated to the two-segment structure in the FY2022 report) [5] [6] [7] [8]. Click any linked figure to open the filing page with the row highlighted.

Operating Profit by Segment

Operating Profit by Segment	FY2021	FY2022	FY2023	FY2024	FY2025
Core local commerce	18,811,045	29,502,669	38,698,847	52,415,162	(6,904,083)
New initiatives	(35,918,751)	(28,379,210)	(20,166,484)	(7,273,314)	(10,082,340)
Unallocated items	(6,019,493)	(6,943,907)	(5,116,976)	(8,296,892)	(8,054,714)
Total operating profit/(loss)	(23,127,199)	(5,820,448)	13,415,387	36,844,956	(25,041,137)

Source: Note 5 Segment Reporting — segment operating profit/(loss) [5] [6] [7] [8]. Click any linked figure to open the filing page with the row highlighted.

Income Statement

Income Statement	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026E	FY2027E
Revenues	179,127,997	219,954,948	276,744,954	337,591,576	364,854,746	402,572,949	457,259,743
Cost of revenues	(136,653,869)	(158,201,969)	(179,553,793)	(207,806,982)	(253,846,120)	—	—
Gross profit	42,474,128	61,752,979	97,191,161	129,784,594	111,008,626	—	—
Selling and marketing expenses	(40,683,166)	(39,745,112)	(58,616,997)	(63,975,235)	(102,934,044)	—	—
Research and development expenses	(16,675,595)	(20,739,865)	(21,201,005)	(21,053,601)	(25,998,265)	—	—
General and administrative expenses	(8,612,626)	(9,771,810)	(9,372,067)	(10,729,203)	(11,916,432)	—	—
Operating profit/(loss)	(23,127,199)	(5,820,448)	13,415,387	36,844,956	(25,041,137)	—	—
Profit/(loss) before income tax	(23,566,477)	(6,755,517)	14,021,868	37,985,429	(24,837,512)	—	—
Income tax (expenses)/credits	30,279	70,194	(164,537)	(2,177,107)	1,483,318	—	—
Profit/(loss) for the year	(23,536,198)	(6,685,323)	13,857,331	35,808,322	(23,354,194)	—	—
Profit/(loss) attributable to equity holders of the Company	(23,538,379)	(6,686,110)	13,855,828	35,807,179	(23,355,015)	—	—
Basic earnings/(loss) per share (RMB)	(3.90)	(1.09)	2.23	5.85	(3.84)	—	—
Diluted earnings/(loss) per share (RMB)	(3.90)	(1.09)	2.11	5.66	(3.92)	(0.56)	4.07

Source: Consolidated Income Statement [1] [2] [3] [4]. Click any linked figure to open the filing page with the row highlighted.

Columns marked E are consensus analyst estimates shown alongside reported results for direct comparison; they are not company guidance.

Estimate source: Yahoo Finance analyst consensus, as of 2026-07-09. Forecasts carry no filing page links.

Balance Sheet

Balance Sheet	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and cash equivalents	32,513,428	20,158,606	33,339,754	70,834,097	106,771,366
Short-term treasury investments	84,282,016	91,873,270	111,820,679	97,409,161	60,062,338
Trade receivables	1,793,035	2,052,731	2,742,999	2,653,046	3,322,730
Total current assets	147,828,677	143,145,467	183,116,179	209,734,861	225,057,362
Property, plant and equipment	22,814,246	22,201,259	25,977,845	30,238,782	38,705,474
Intangible assets	31,048,814	30,642,975	30,397,947	30,230,342	30,220,639
Total assets	240,653,269	244,481,192	293,029,632	324,354,917	346,910,280
Trade payables	15,165,619	17,379,302	22,980,506	25,193,149	34,571,567
Borrowings (non-current)	12,219,667	1,548,967	610,103	1,175,045	18,789,267
Notes payable (non-current)	30,383,378	33,607,372	34,610,966	38,009,069	47,114,754
Total current liabilities	68,592,957	76,430,097	100,874,095	107,935,640	123,541,771
Total liabilities	115,096,507	115,775,475	141,073,265	151,750,839	195,922,428
Equity attributable to equity holders of the Company	125,613,442	128,761,610	152,013,207	172,662,960	151,045,913

Source: Consolidated Statement of Financial Position [9] [10] [11] [12]. Click any linked figure to open the filing page with the row highlighted.

Cash Flow

Cash Flow	FY2021	FY2022	FY2023	FY2024	FY2025
Net cash flows from operating activities	(4,011,457)	11,411,448	40,521,850	57,146,784	(13,815,001)
Purchases and prepayments of property, plant and equipment and intangible assets	(9,010,455)	(5,731,304)	(6,879,551)	(10,999,490)	(13,270,708)
Net cash flows from investing activities	(58,491,834)	(14,713,569)	(24,663,844)	10,205,252	29,772,868
Repurchase and cancellation of ordinary shares	—	—	—	(26,089,621)	(364,843)
Net cash flows from financing activities	78,598,331	(9,990,201)	(2,781,303)	(30,414,660)	21,242,677
Net increase/(decrease) in cash and cash equivalents	16,095,040	(13,292,322)	13,076,703	36,937,376	37,200,544
Cash and cash equivalents at the end of the year	32,513,428	20,158,606	33,339,754	70,834,097	106,771,366
Free cash flow, derived	(13,021,912)	5,680,144	33,642,299	46,147,294	(27,085,709)

Source: Consolidated Statement of Cash Flows [13] [14] [15] [16]. Click any linked figure to open the filing page with the row highlighted.

Revenue by Type

Revenue by Type	FY2021	FY2022	FY2023	FY2024	FY2025
Delivery services	57,102,328	70,063,908	82,190,980	98,065,260	96,067,515
Commission	49,645,559	56,509,699	76,688,543	95,340,956	105,476,787
Online marketing services	29,085,170	30,768,590	40,513,216	49,240,392	51,920,379
Other services and sales (including interest revenue)	43,294,940	62,612,751	77,352,215	94,944,968	111,390,065
Total revenues	179,127,997	219,954,948	276,744,954	337,591,576	364,854,746

Source: Note 5 Segment Reporting — revenue disaggregation by service/product type [5] [6] [7] [8]. Click any linked figure to open the filing page with the row highlighted.

Long-Term Record

Fiscal year	Total revenue	Operating profit/(loss)	Profit/(loss) attributable to equity holders	Diluted EPS	Operating cash flow	Capital expenditure
FY2020	114,794,510	4,330,102	4,708,313	0.78	8,475,013	(15,824,436)
FY2021	179,127,997	(23,127,199)	(23,538,379)	(3.90)	(4,011,457)	(9,010,455)
FY2022	219,954,948	(5,820,448)	(6,686,110)	(1.09)	11,411,448	(5,731,304)
FY2023	276,744,954	13,415,387	13,855,828	2.11	40,521,850	(6,879,551)
FY2024	337,591,576	36,844,956	35,807,179	5.66	57,146,784	(10,999,490)
FY2025	364,854,746	(25,041,137)	(23,355,015)	(3.92)	(13,815,001)	(13,270,708)

Source: consolidated statements across filings; older years from the standardized feed [14] [1] [16] [2]. Click any linked figure to open the filing page with the row highlighted.

Analyst Consensus

Estimate source: Yahoo Finance analyst consensus, as of 2026-07-09. Forecasts carry no filing page links.

Traceability

258 of 258 figures on this page (100%) link to the filing page where they are printed — click a linked figure to open the source PDF at that page with the row highlighted. Unlinked figures come from standardized data feeds or pre-filing years.

• All figures are as printed in Meituan's audited consolidated financial statements, stated in RMB thousands (RMB'000). Meituan's presentation currency is RMB.

• Each of FY2021-FY2025 is cited to that year's own annual report (current-year column). The FY2020 long-term column is the comparative column of the FY2021 annual report.

• Revenue-by-segment and revenue-by-type reflect Meituan's two reportable segments (Core local commerce; New initiatives). FY2021 is shown on the restated two-segment basis presented in the FY2022 annual report; the FY2021 annual report itself used a different (three-segment) structure, so FY2021 segment figures are cited to the FY2022 report.

• The numeric data feed (data/financials/*.json) mislabels the reporting currency as 'HKD' and its USD conversions apply an HKD- USD rate to RMB figures; those USD fields are therefore not meaningful. The underlying RMB magnitudes in the feed match the filings and were used only as a cross-check.

• Debt is shown via the two non-current interest-bearing lines (Borrowings; Notes payable); Meituan also carries current portions of borrowings and notes payable disclosed on the same statement.

• 4 figure(s) differed between the data feed and the filing; the filing value is shown (see the run's financials/financials_tab.json for the audit trail).