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2026-08-28 17:14:49 MEITUAN-W (03690.HK) announced its results for the second quarter ended 30 June 2026. During the period, total revenue reached RMB104.643 billion, up 14.4% YoY and above market expectations of RMB101.08 billion. In 2Q26, MEITUAN-W recorded profit for the period of RMB2.155 billion, representing a YoY upswing of 490%. Non-IFRS adjusted net profit amounted to RMB2.524 billion, up 69% YoY and above market expectations. Adjusted EBITDA was RMB4.098 billion in 2Q, up 47.3% YoY and higher than the market forecast of RMB3.17 billion. The improvement in net profit was mainly attributable to the recovery in operating profit of the core local commerce segment and the narrowing of operating losses in the new initiatives segment. Regarding share repurchases, during the six months ended 30 June 2026, the company repurchased a total of 2.9248 million Class B shares on the Stock Exchange at an aggregate consideration of approximately HKD200 million. ~ AASTOCKS Financial News Website: www.aastocks.com | |