Meituan Dianping/ADR (MPNGF)
Meituan oversees a comprehensive digital marketplace that provides a diverse array of services to consumers. The company structures its operations across three primary divisions: Food Delivery; In-store, Hotel & Travel; and New Initiatives and Others. Within its Food Delivery arm, customers can conveniently place orders for meals prepared by various merchants. The In-store, Hotel & Travel segment allows users to acquire local consumer services from numerous in-store businesses or to book accommodations and tourist attractions. The New Initiatives and Others segment includes revenues from B2B food wholesale and Meituan grocery services, alongside various emerging ventures such as Meituan Instashopping, community e-commerce platforms, shared transportation options like bike and electric moped rentals, and micro-credit offerings. Founded in 2003, the enterprise was formerly identified as Meituan Dianping until it rebranded as Meituan in October 2020. Its corporate headquarters are located in Beijing, China.
Industry: Specialty Retail
Meituan
OTC:MPNGFConsumer Cyclical · Specialty Retail
Mkt Cap-
Float5.43B
O/S-
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$53.3B
Net Income-$3.41B
Total Assets$52.05B
Free Cash Flow-$4.06B
Debt & Equity
Debt 36%
Equity 64%
Total Debt$13B
Total Equity$22.66B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in MPNGF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$52.05B
Liabilities$29.4B
Accounts Receivable$498.55M
Accounts Payable$5.19B
Inventory$452.01M
PP&E (Net)$5.81B
Goodwill$4.17B
Intangible Assets$366.98M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Revenue | $53.3B | $50.63B | $41.5B | $32.99B | $26.86B | $17.22B | $14.63B | $9.78B | $5.09B | $1.95B | $602.71M |
| YoY Growth | 5.3% | 22.0% | 25.8% | 22.8% | 56.0% | 17.7% | 49.5% | 92.3% | 161.2% | 223.2% | - |
| Cost of Revenue | $37.09B | $31.16B | $26.93B | $23.73B | $20.49B | $12.11B | $9.78B | $7.52B | $3.26B | $1.06B | $185.88M |
| Gross Profit | $16.22B | $19.46B | $14.58B | $9.26B | $6.37B | $5.11B | $4.85B | $2.27B | $1.83B | $890.99M | $416.83M |
| Gross Margin | 30.4% | 38.4% | 35.1% | 28.1% | 23.7% | 29.7% | 33.1% | 23.2% | 36.0% | 45.7% | 69.2% |
| Research and Development | $3.8B | $3.16B | $3.18B | $3.11B | $2.5B | $1.63B | $1.27B | $1.06B | $546.88M | $354.92M | $180.57M |
| Selling, General, and Administrative | $17.22B | $10.86B | $10.2B | $7.43B | $7.39B | $3.97B | $3.47B | $3.21B | $1.96B | $790.11M | $828.8M |
| Other | -$317.07M | -$78.17M | -$811.97M | -$402.42M | -$55.5M | -$1.15B | -$294.41M | -$344.79M | -$102.15M | $684.06M | $678.28M |
| Total Operating Expenses | $20.7B | $13.94B | $12.56B | $10.13B | $9.84B | $4.46B | $4.45B | $3.93B | $2.41B | $1.83B | $1.69B |
| Operating Income (EBIT) | -$4.49B | $5.53B | $2.01B | -$872.88M | -$3.47B | $649.37M | $401.89M | -$1.66B | -$573.79M | -$938.11M | -$1.27B |
| Operating Margin | -8.4% | 10.9% | 4.8% | -2.6% | -12.9% | 3.8% | 2.7% | -17.0% | -11.3% | -48.2% | -210.8% |
| Interest Expense | $275.66M | $200.5M | $213.53M | $237.43M | $162.07M | $55.49M | $26.43M | $3.69M | $2.88M | $5.14M | $6.45M |
| Interest Income | $293.88M | $193.73M | $122.63M | $98.66M | $74.35M | $90.05M | $156.37M | $78.01M | $11.68M | $0 | $0 |
| Other Income (Expense) | $858.27M | $171.03M | $90.95M | -$140.23M | -$65.88M | $16.16M | $12.38M | -$15.66B | -$2.27B | -$656.21M | -$115.29M |
| Income Before Tax (EBT) | -$3.63B | $5.7B | $2.1B | -$1.01B | -$3.53B | $665.54M | $414.27M | -$17.32B | -$2.84B | -$1.59B | -$1.39B |
| Income Tax Expense | -$216.71M | $326.49M | $24.68M | -$10.53M | -$4.54M | -$40.45M | $78.92M | $283K | $8.13M | $40.18M | -$1.75M |
| Net Income | -$3.41B | $5.37B | $2.08B | -$1B | -$3.53B | $706.09M | $335.74M | -$17.32B | -$2.84B | -$868.29M | -$1.58B |
| Net Income Margin | -6.4% | 10.6% | 5.0% | -3.0% | -13.1% | 4.1% | 2.3% | -177.0% | -55.8% | -44.6% | -261.7% |
| Supplementary Data | |||||||||||
| EPS | -3.84 | 5.85 | 2.23 | -1.09 | -3.90 | 0.81 | 0.39 | -42.40 | -3.44 | -1.05 | -1.92 |
| Diluted EPS | -3.85 | 5.66 | 2.11 | -1.09 | -3.90 | 0.78 | 0.38 | -42.40 | -3.44 | -1.05 | -1.92 |
| Weighted Average OS | 6.08B | 6.13B | 6.21B | 6.13B | 6.04B | 5.85B | 5.89B | 2.72B | 1.53B | 771.59M | 1.21B |
| EBITDA | -$2.96B | $7.16B | $3.52B | $683.55M | -$2.03B | $1.5B | $1.17B | -$16.51B | -$2.71B | -$873.51M | -$1.24B |
| EBITDA Margin | -5.5% | 14.1% | 8.5% | 2.1% | -7.6% | 8.7% | 8.0% | -168.8% | -53.3% | -44.8% | -206.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Assets | |||||||||||
| Current Assets | |||||||||||
| Cash and Cash Equivalents | $19.27B | $10.62B | $5B | $3.02B | $4.88B | $2.56B | $2.01B | $2.56B | $2.91B | $1.41B | $2.52B |
| Short-Term Investments | $9.01B | $14.61B | $16.77B | $3.21B | $4.18B | $1.79B | $7.41B | $6.27B | $3.88B | $1.89B | $117.63M |
| Cash and Short-Term Investments | $28.28B | $25.23B | $21.77B | $16.8B | $17.52B | $9.16B | $9.44B | $8.85B | $6.8B | $3.31B | $2.67B |
| Accounts Receivable | $498.55M | $2.11B | $739.14M | $545.31M | $485.97M | $457.05M | $251.79M | $105.51M | $78.77M | $65.09M | $83.6M |
| Inventory | $452.01M | $260.06M | $195.65M | $270.32M | $172.66M | $160.26M | $41.28M | $60.02M | $13.25M | $5.49M | $1.18M |
| Other Current Assets | $4.54B | $3.24B | $4.23B | $3.85B | $3.65B | $3.27B | $2.33B | $1.42B | $1.11B | $136.76M | $525.38M |
| Total Current Assets | $33.77B | $31.45B | $27.46B | $21.47B | $22.17B | $13.24B | $12.32B | $10.97B | $8.16B | $3.54B | $3.28B |
| Long-Term Assets | |||||||||||
| Property, Plant & Equipment Net | $5.81B | $4.59B | $4.02B | $3.33B | $3.42B | $2.98B | $806.26M | $596.69M | $137.32M | $76.67M | $66.96M |
| Goodwill | $4.17B | $4.17B | $4.17B | $4.17B | $4.16B | $4.15B | $4.15B | $4.15B | $2.23B | $2.24B | $2.07B |
| Intangible Assets | $366.98M | $368.44M | $393.57M | $430.32M | $1.5B | $604.21M | $748.93M | $925.36M | $747.34M | $629.16M | $601.2M |
| Long-Term Investments | $6.89B | -$7.28B | $7.5B | $3.1B | $950.38M | $1.91B | -$5.97B | -$5.02B | -$2.7B | -$697.84M | $282.57M |
| Deferred Tax Assets | $641.55M | $288.69M | $287.1M | $224.52M | $206.72M | $67.29M | $6.08B | $5.1B | $3.88B | $59.81M | $0 |
| Other Long-Term Assets | $406.08M | $15.06B | $123.34M | $4.17B | $3.68B | $2.03B | $1.66B | $6.47B | $3.96B | $1.9B | $134.36M |
| Total Long-Term Assets | $18.28B | $17.19B | $16.48B | $15.2B | $13.92B | $11.74B | $7.48B | $7.13B | $4.38B | $4.21B | $3.15B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $52.05B | $48.64B | $43.94B | $36.66B | $36.09B | $24.98B | $19.8B | $18.1B | $12.54B | $7.76B | $6.43B |
| Liabilities | |||||||||||
| Current Liabilities | |||||||||||
| Accounts Payable | $5.19B | $3.78B | $3.45B | $2.61B | $2.27B | $1.79B | $1.01B | $800.97M | $399.93M | $194.92M | $66.22M |
| Short-Term Debt | $2.16B | $2.48B | $2.9B | $2.63B | $1.73B | $959.04M | $532.77M | $269.94M | $24.29M | $150K | $175.31M |
| Current Income Tax Payable | $0 | $236.98M | $40.93M | $116.11M | $110.33M | $149.92M | $145.97M | $111.54M | $124.17M | $44.85M | $12.91M |
| Current Unearned Revenue | $2.75B | $0 | -$10.03M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $7.99B | $2.77B | $7.18B | $4.66B | $2.68B | $3.91B | $3.2B | $3.1B | $2.36B | $1.48B | $1.14B |
| Total Current Liabilities | $18.54B | $16.19B | $15.13B | $11.46B | $10.29B | $7.67B | $5.49B | $4.77B | $3.08B | $1.87B | $1.54B |
| Long-Term Liabilities | |||||||||||
| Long-Term Debt | $9.89B | $5.88B | $5.28B | $5.27B | $6.39B | $2.24B | $69.99M | $70.49M | $0 | $0 | $7.48B |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $25M | $58.34M | $93.73M | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $343.37M | $222.08M | $145.2M | $126.89M | $134.32M | $113.33M | $208.22M | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $88.51M | $2.32M | $61.73M | $20.96M | $1.59M | $44.79M | $19.43M | $184.7M | $15.54B | $9.72B | $66.37M |
| Total Long-Term Liabilities | $10.86B | $6.57B | $6.03B | $5.9B | $6.97B | $2.67B | $504.78M | $348.93M | $15.54B | $9.72B | $7.55B |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $29.4B | $22.76B | $21.16B | $17.36B | $17.26B | $10.34B | $5.99B | $5.12B | $18.62B | $11.59B | $9.08B |
| Stockholders' Equity | |||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $939.1M | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $61K | $61K | $63K | $62K | $62K | $59K | $58K | $58K | $15K | $14K | $14K |
| Retained Earnings | -$24.49B | -$20.97B | -$26.34B | -$28.41B | -$27.41B | -$23.87B | -$24.56B | -$24.9B | -$7.55B | -$4.72B | -$3.85B |
| Comprehensive Income & Other | -$418.09M | $540.35M | $307.59M | $222.58M | -$429.91M | -$939.1M | -$666.94M | $0 | $0 | -$411.34M | -$71.44M |
| Other Stockholders' Equity | $47.15B | $46.86B | $49.13B | $47.72B | $46.24B | $38.53B | $38.38B | $37.87B | $1.47B | $873.52M | $1.2B |
| Total Equity | $22.66B | $25.89B | $22.8B | $19.31B | $18.84B | $14.65B | $13.81B | $12.97B | -$6.08B | -$3.84B | -$2.65B |
| Minority Interest | -$8.71M | -$8.83M | -$8.52M | -$8.38M | -$8.5M | -$8.81M | -$8.71M | $816K | $8.66M | $7.05M | $0 |
| Total Liabilities and Equity | $52.06B | $48.65B | $43.95B | $36.67B | $36.1B | $24.99B | $19.81B | $18.09B | $12.53B | $7.75B | $6.43B |
| Supplementary Data | |||||||||||
| Total Debt | $13B | $9.22B | $9.09B | $8.71B | $8.84B | $3.61B | $831.73M | $340.43M | $24.29M | $150K | $7.65B |
| Net Debt | -$6.27B | -$1.4B | $4.09B | $5.69B | $3.96B | $1.04B | -$1.18B | -$2.22B | -$2.89B | -$1.41B | $5.13B |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Operating Activities | |||||||||||
| Net Income | -$3.72B | $5.7B | $2.1B | -$1B | -$3.53B | $665.54M | $414.27M | -$17.32B | -$2.84B | -$828.88M | -$1.58B |
| Depreciation & Amortization | $1.53B | $1.26B | $1.2B | $1.46B | $1.34B | $778.95M | $726.71M | $804.84M | $126.62M | $87.85M | $27.2M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $900.08M | $1.14B | $1.26B | $1.31B | $778.91M | $491.51M | $328.56M | $279.71M | $145.63M | $136.93M | $158.19M |
| Changes in Working Capital: | |||||||||||
| Accounts Receivable | -$110.29M | -$27.03M | -$109.17M | -$56.57M | -$111.96M | -$57.24M | -$40.94M | -$20.38M | -$27.3M | -$6.78M | -$1.45M |
| Inventory | -$192.2M | -$64.33M | -$21.27M | -$72.15M | -$6.09M | -$28.68M | $14.24M | -$25.29M | -$5.73M | -$2.52M | -$1.18M |
| Accounts Payable | $0 | $0 | $657.04M | $353.62M | $501.78M | $598.54M | $193.65M | $315.04M | $961.59M | $238.62M | $346.7M |
| Other Working Capital | $144.14M | $1.06B | $1.49B | -$346.9M | $697.33M | -$229.13M | -$563.69M | -$1.02B | -$551.79M | $288.23M | $98.43M |
| Total Working Capital Change | -$158.35M | $969.62M | $2.02B | -$122M | $1.08B | $283.48M | -$396.74M | -$747.85M | $376.78M | $517.55M | $442.51M |
| Other Non-Cash Items | -$618.23M | -$496.13M | -$503.24M | $65.65M | -$270.49M | -$948.5M | -$236.85M | $15.6B | $2.14B | -$201.09M | $350.87M |
| Net Cash from Operating | -$2.07B | $8.57B | $6.08B | $1.71B | -$601.59M | $1.27B | $835.95M | -$1.38B | -$46.52M | -$287.64M | -$600.53M |
| Investing Activities | |||||||||||
| Capital Expenditures | -$1.99B | -$1.65B | -$1.03B | -$859.51M | -$1.35B | -$2.37B | -$450.16M | -$341.92M | -$111.87M | -$53.33M | -$53.73M |
| Acquisitions | $129.31M | $244.01M | $54.76M | -$13.38M | -$121.52M | -$268.87M | -$220.63M | -$1.11B | -$169.87M | $328.94M | $263.71M |
| Purchases of Investments | -$13.32B | -$32.8B | -$20.48B | -$28.59B | -$62.11B | -$30.62B | -$26.64B | -$13.95B | -$9.89B | -$8.18B | -$887.57M |
| Sales of Investments | $19.59B | $35.59B | $17.57B | $27.16B | $54.79B | $30.16B | $25.58B | $11.8B | $7.84B | $6.44B | $799.59M |
| Other Investing Activities | $57.78M | $151.37M | $191.13M | $97.37M | $23.92M | -$86.57M | $203.74M | $94.12M | $54.33M | $28.16M | $5.86M |
| Net Cash from Investing | $4.46B | $1.53B | -$3.7B | -$2.21B | -$8.77B | -$3.18B | -$1.53B | -$3.52B | -$2.27B | -$1.43B | $127.87M |
| Financing Activities | |||||||||||
| Debt Repaid | -$5.53B | $184.4M | -$99.43M | $1.03B | -$5.26B | -$2.69B | $283.58M | -$257.64M | -$24.14M | - | $44.99M |
| Common Stock Issuance | $8.32M | $22.8M | $29.02M | $25.55M | $6.83B | $74.85M | $612.6M | $4.3B | $25.53M | $0 | $0 |
| Common Stock Repurchases | -$54.71M | -$3.91B | $0 | $0 | $0 | $0 | $0 | -$128.17M | -$97.67M | -$267.8M | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$600K | $0 | $0 | $0 |
| Other Financing Activities | -$692.25M | -$487.01M | -$142.08M | -$174.29M | -$302.94M | -$156.02M | $450.69M | -$35.74M | $3.8M | $0 | $0 |
| Net Cash from Financing | $3.19B | -$4.56B | -$417.1M | -$1.5B | $11.79B | $2.61B | $167.1M | $4.39B | $3.83B | $570.66M | $2.78B |
| Forex Effect | -$189.45M | $83.53M | $15.66M | $140.59M | -$101.25M | -$144.53M | -$26.01M | $151.4M | -$1.23M | $36.27M | $17.85M |
| Net Change in Cash | $5.39B | $5.62B | $1.98B | -$1.85B | $2.31B | $554.48M | -$547.01M | -$354.69M | $1.5B | -$1.11B | $2.32B |
| Supplementary Data | |||||||||||
| Operating Cash Flow | -$2.07B | $8.57B | $6.08B | $1.71B | -$601.59M | $1.27B | $835.95M | -$1.38B | -$46.52M | -$287.64M | -$600.53M |
| Capital Expenditure | -$1.99B | -$1.65B | -$1.03B | -$859.51M | -$1.35B | -$2.37B | -$450.16M | -$341.92M | -$111.87M | -$53.33M | -$53.73M |
| Free Cash Flow | -$4.06B | $6.92B | $5.05B | $851.84M | -$1.95B | -$1.1B | $385.79M | -$1.72B | -$158.38M | -$340.97M | -$654.26M |
| Cash at Beginning | $10.62B | $5B | $3.02B | $4.88B | $2.56B | $2.01B | $2.56B | $2.91B | $1.41B | $2.52B | $199.65M |
| Cash at End | $16.01B | $10.62B | $5B | $3.02B | $4.88B | $2.56B | $2.01B | $2.56B | $2.91B | $1.41B | $2.52B |