This article comes from the WeChat public account: Investment (ID: pedaily2012) , author: Ren Qian, from the title figure: vision China
16.7 billion yuan, which is Meituan Dianping ’s revenue in the first quarter of 2020.
In the investment community, this evening, Meituan Dianping released its first quarter 2020 results-the company’s revenue decreased by 12.6% year-on-year to 16.754 billion yuan, operating losses were 1.72 billion yuan, and adjusted net losses were 216.3 million yuan.
The financial report reveals a message that users care about: The takeaway price has risen—the average value of each food and beverage delivery business order has increased by 14.4% year-on-year . Meituan admits that the New Coronary Pneumonia epidemic has hit the local life service industry, specifically the two main businesses of food delivery, food delivery and restaurant business. Although the revenue from Meituan flash purchases and microfinance business increased, it was offset by lower revenue from online car-hailing services and B2B catering supply chain services.
It’s interesting to note that on the eve of the earnings report, Meituan Dianping’s stock price ushered in a wave of rises. As of today’s close, Meituan gained 6.16% to HK $ 125.8, with the latest market value of HK $ 733 billion. Compared with yesterday’s closing price of 118.5 Hong Kong dollars, Meituan rose nearly 40 billion yuan in one day.
Meituan ’s first quarter financial report released: hit by the epidemic, with a 14% price increase for each takeaway
Despite the loss, it appears to the outside world to be a better-than-expected financial report.
The company’s first-quarter operating income decreased by 12.6% year-on-year to 16.754 billion yuan, with an operating loss of 1.72 billion yuan and an adjusted net loss of 216.3 million yuan. Meituan admitted that affected by the new coronary pneumonia epidemic that has erupted since late January this year, the local life service industry where Meituan is located has encountered both demand and supply