Meituan's 2024 revenue soars 22% amid strategic growth initiatives
Meituan (HKEX: 3690) released its 2024 annual report, showcasing a 22.0% surge in revenue, reaching RMB337.6 billion, compared to RMB276.7 billion in the previous year. The company's total segment operating profit increased by 143.6% to RMB45.1 billion, with the operating margin improving to 13.4%. Core local commerce, including food delivery and in-store services, saw operating profit climb 35.4% to RMB52.4 billion. The New Initiatives segment narrowed its operating loss to RMB7.3 billion.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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