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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Meituan Dianping    3690   KYG596691041

MEITUAN DIANPING

(3690)
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Meituan Dianping's 1Q Loss Widened as Coronavirus Hit In-Store Operations

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05/25/2020 | 06:05am EDT

By Yifan Wang

Meituan Dianping said its first-quarter net loss widened from a year earlier, as the coronavirus pandemic crippled both its revenue and profitability.

Net loss was 1.58 billion yuan ($221.6 million), compared with a loss of CNY1.43 billion in the same period last year, said the Chinese internet firm, known for its food-delivery business.

Revenue fell 13% to CNY16.75 billion, mainly dragged by the in-store, hotel and travel segment, whose sales slumped 31% during the quarter.

Operating margin weakened by 3.4 percentage points to negative 10.2%, Meituan Dianping added.

The company expects the negative impact of the public health crisis to persist through the rest of the year, as remaining pandemic-control measures curb offline consumption, while a number of its platform's merchants may have to shut down amid economic weakness.

 

Write to Yifan Wang at yifan.wang@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
MEITUAN DIANPING 6.86% 191.7 End-of-day quote.88.13%
THE NEW HOME COMPANY INC. 0.63% 3.2 Delayed Quote.-31.33%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.01% 7.06855 Delayed Quote.1.52%
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Financials
Sales 2020 111 B 15 734 M 15 734 M
Net income 2020 523 M 74,1 M 74,1 M
Net cash 2020 28 680 M 4 059 M 4 059 M
P/E ratio 2020 1 720x
Yield 2020 -
Capitalization 1 122 B 145 B 159 B
EV / Sales 2019
EV / Sales 2020 9,84x
Nbr of Employees 54 580
Free-Float 69,6%
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Technical analysis trends MEITUAN DIANPING
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 35
Average target price 141,24 CNY
Last Close Price 191,70 CNY
Spread / Highest target 0,20%
Spread / Average Target -26,3%
Spread / Lowest Target -57,9%
EPS Revisions
Managers
NameTitle
Xing Wang Chairman & Chief Executive Officer
Shao Hui Chen Chief Financial Officer & Senior Vice President
Heung Yeung Shum Independent Non-Executive Director
Xue Song Leng Independent Non-Executive Director
Nan Peng Shen Non-Executive Director
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