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<Foresight>Brokers Expect MEITUAN-W's 2Q Adj. NP to Dive 38%+ Due to Food Delivery War
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MEITUAN-W (03690.HK) is set to announce its 2Q25 results next Wednesday (27th). Earlier, a food delivery war broke out among Chinese e-commerce platforms. JD-SW (09618.HK) has poured over RMB10 billion in subsidies after April. In response, MEITUAN-W launched discount group buying services of food delivery and issued large consumer vouchers as countermeasures. According to the forecasts from seven brokers summarized by our reporters, MEITUAN-W's 2Q25 non-IFRS adjusted net profit is expected to be RMB7.229-10.062 billion, a YoY decline of 26-46.9% from RMB13.606 billion in the same period last year. A median of RMB8.358 billion also marks a YoY drop of 38.6%. Broker | 2Q25 Non-IFRS Adj. NP Forecast (RMB) | YoY Change Nomura | 10.062 billion | -26% China Renaissance | 9.393 billion | -31% UBS | 8.671 billion | -36.2% Citi | 8.358 billion | -38.6% CCBI | 8.266 billion | -39.2% CICC | 7.685 billion | -43.5% Goldman Sachs | 7.229 billion | -46.9% Calculated on MEITUAN-W's 2Q24 non-IFRS adjusted net profit of RMB13.606 billion. AAStocks Financial News |
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