On the morning of May 26, meituan’s comments surged 9.7% and set a new listing price of HK $138, with a market value exceeding HK $800 billion, becoming the third Internet company in China with a market value exceeding the threshold of US $100 billion. As of press time, the US group’s comments Rose 9.698% to HK $138.00.
On the evening of May 25, Meituan commented on the results of first quarter of 2020. According to the financial report, Meituan’s operating income decreased by 12.6% to 16.754 billion yuan (RMB, the same below) year on year in the first quarter, with an operating loss of 1.72 billion yuan and an adjusted net loss of 0.2163 billion yuan. Affected by the decrease in business during the epidemic, the cost of personnel commented by Meituan decreased, with a year-on-year loss narrowing by 79.4%.
In terms of specific business, catering takeout showed negative growth for the first time. In the first quarter, revenue decreased by 11.4% year-on-year, tourism revenue to stores decreased by 31% year-on-year, and operating profit was 0.68 billion yuan, down 57% year-on-year. New businesses such as bicycle sharing and catering supply chain have become the only positive growth businesses, up 4.9% year on year.