Wed. Dec 11th, 2019

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Meituan Dianping (HKG: 3690)

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Meituan Dianping (HKG: 3690) (the “Company” or “Meituan”), China’s leading e-commerce platform for services, newly declared the unaudited consolidated results of the Company for the three months finished September 30, 2k19 (“3Q2k19”).

For the 3rd-quarter of 2k19:

Total revenues inclined by 44.10 percent year-over-year to RMB27.50B from RMB19.10B for the similar duration of 2k18, and inclined by 21.10 percent quarter-over-quarter from RMB22.70B for the 2nd-quarter of 2k19. Revenues inclined across all business segments.

Total gross profit inclined by 109.80 percent year-over-year to RMB9.60B from RMB4.60B for the similar duration of 2k18, and inclined by 20.80 percent quarter-over-quarter from RMB7.90B for the 2nd-quarter of 2k19.

Selling and marketing costs as a percentage of total revenues declined to 20.40 percent from 24.20 percent for the similar duration of 2k18, and inclined from 18.30 percent for the 2nd-quarter of 2k19.

Adjusted EBITDA and adjusted net profit were RMB2.30B and RMB1.90B, respectively.

OPERATING HIGHLIGHTS

For the 3rd-quarter of 2k19:

Total Gross Transaction Volume (GTV) on our platform grew by 33.60 percent to RMB194.60B from RMB145.70B for the similar duration of 2k18.

Annual Transacting Users on our platform in the twelve months finished September 30, 2k19 grew by 14.00 percent to 435.80M from 382.30M in the 12.0 months finished September 30, 2k18.

Average number of transactions for each annual Transacting User on our platform inclined to 26.50 transactions in the twelve months finished September 30, 2k19 from 22.70 transactions in the 12.0 months finished September 30, 2k18.

Annual Active Merchants on our platform grew by 8.80 percent to 5.90M in the 12.0 months finished September 30, 2k19 from 5.50M in the 12.0 months finished September 30, 2k18.

Overall Monetization Rate[i] inclined to 14.10 percent for the 3rd-quarter of 2k19 from 13.10 percent for the similar duration of 2k18.

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