Meitu performance outlook: Meituan expected to announce profit decline in the second quarter, revenue growth

According to the 16 analysts compiled by LSEG, this Chinese food delivery platform company is expected to announce a net profit of 9.49 billion Chinese yuan. This number will be lower than the 11.35 billion Chinese yuan in the same period last year. Revenue is expected to be 93.59 billion Chinese yuan, higher than the 82.25 billion Chinese yuan in the same period last year. In the fiercely competitive food delivery industry, investors remain cautious about the prospects of Meituan. The company's stock, which is listed in Hong Kong, has dropped 20% so far this year.