Meituan (MEITUAN) balance sheet

HKSE · Consumer Cyclical · Specialty Retail · 111,298 employees · CEO Xing Wang

Price: HK$72.05 +0.63%
Market cap: HK$445B
Enterprise value: CN¥346B
Last report: Q2 '26 filed 2026-06-30
Next report: 2026-11-27

At the end of Q2 '26 Meituan (MEITUAN) held CN¥190B in cash and short-term investments against CN¥95.8B of debt incl. leases. Total assets CN¥385B, total liabilities CN¥215B, shareholders' equity CN¥169B.

Balance sheet

Balance sheet	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Assets
Cash & equivalents	CN¥25.1B	CN¥33.3B	CN¥50.8B	CN¥54.7B	CN¥42.5B	CN¥70.8B	CN¥115B	CN¥102B	CN¥121B	CN¥128B	CN¥136B	CN¥127B
Short-term investments	CN¥108B	CN¥28.4B	CN¥87.8B	CN¥11.2B	CN¥91.7B	CN¥97.4B	CN¥65.4B	CN¥69.4B	CN¥42.1B	CN¥60.1B	CN¥63.1B	CN¥63.6B
Receivables	CN¥2.93B	CN¥11.6B	CN¥3B	CN¥5.02B	CN¥3.25B	CN¥14.1B	CN¥2.9B	CN¥3.14B	CN¥3.46B	CN¥3.32B	CN¥3.76B	CN¥3.91B
Inventory	CN¥1.36B	CN¥1.3B	CN¥1.34B	CN¥1.42B	CN¥1.77B	CN¥1.73B	CN¥1.9B	CN¥2.48B	CN¥3.11B	CN¥3.01B	CN¥3.52B	CN¥4.15B
Other current assets	CN¥32.5B	CN¥21.6B	CN¥31.7B	CN¥26.7B	CN¥34.7B	CN¥21.6B	CN¥35.5B	CN¥40.8B	CN¥30.2B	CN¥30.3B	CN¥28.4B	CN¥28.6B
Current assets	CN¥170B	CN¥183B	CN¥175B	CN¥170B	CN¥174B	CN¥210B	CN¥221B	CN¥217B	CN¥200B	CN¥225B	CN¥235B	CN¥227B
Property, plant & equipment (net)	CN¥24.3B	CN¥26.8B	CN¥26.7B	CN¥29.5B	CN¥30.4B	CN¥30.2B	CN¥32.1B	CN¥34B	CN¥38.3B	CN¥38.7B	CN¥40.1B	CN¥43.3B
Long-term investments	-CN¥54.7B	CN¥19.2B	CN¥48B	CN¥49.9B	CN¥45.2B	CN¥48.8B	CN¥45.4B	CN¥43.4B	CN¥43.9B	CN¥46B	CN¥52.8B	CN¥77.4B
Goodwill	CN¥0	CN¥27.8B	CN¥0	CN¥27.8B	CN¥0	CN¥27.8B	CN¥0	CN¥0	CN¥0	CN¥27.8B	CN¥0	CN¥0
Intangible assets	CN¥30.4B	CN¥2.62B	CN¥30.4B	CN¥2.54B	CN¥30.3B	CN¥2.46B	CN¥30.4B	CN¥30.3B	CN¥30.3B	CN¥2.45B	CN¥30.1B	CN¥30.1B
Deferred tax assets	CN¥1.62B	CN¥1.91B	CN¥2.16B	CN¥1.85B	CN¥2.05B	CN¥1.93B	CN¥2.37B	CN¥2.14B	CN¥3.34B	CN¥4.28B	CN¥4.9B	CN¥4.76B
Other non-current assets	CN¥113B	CN¥31.6B	CN¥5.62B	CN¥5.54B	CN¥6.17B	CN¥5.31B	CN¥5.41B	CN¥5.04B	CN¥2.69B	CN¥2.71B	CN¥2.55B	CN¥2.2B
Non-current assets	CN¥115B	CN¥110B	CN¥111B	CN¥115B	CN¥112B	CN¥115B	CN¥113B	CN¥113B	CN¥119B	CN¥122B	CN¥130B	CN¥158B
Total assets	CN¥286B	CN¥293B	CN¥285B	CN¥286B	CN¥286B	CN¥324B	CN¥334B	CN¥330B	CN¥318B	CN¥347B	CN¥366B	CN¥385B
Liabilities
Accounts payable	CN¥21.3B	CN¥23B	CN¥22B	CN¥23B	CN¥23.8B	CN¥25.2B	CN¥25.4B	CN¥29.3B	CN¥30.7B	CN¥34.6B	CN¥31.5B	CN¥39B
Accrued expenses	CN¥0	CN¥7.83B	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Short-term debt	CN¥21.8B	CN¥19.3B	CN¥11.1B	CN¥11.5B	CN¥10.5B	CN¥16.6B	CN¥16.8B	CN¥16.3B	CN¥19B	CN¥17.1B	CN¥19.5B	CN¥7.34B
Taxes payable	CN¥67.5M	CN¥944M	CN¥0	CN¥1.9B	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Deferred revenue	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥32.2B	CN¥18.4B	CN¥32.1B	CN¥0
Other current liabilities	CN¥14.7B	CN¥14.2B	CN¥52.1B	CN¥15.8B	CN¥58.5B	CN¥18.5B	CN¥60.7B	CN¥64.1B	CN¥34.7B	CN¥53.3B	CN¥34.3B	CN¥69B
Current liabilities	CN¥97.6B	CN¥101B	CN¥87.6B	CN¥94.3B	CN¥95.4B	CN¥108B	CN¥106B	CN¥112B	CN¥117B	CN¥124B	CN¥118B	CN¥119B
Long-term debt	CN¥35.4B	CN¥35.2B	CN¥36.3B	CN¥26B	CN¥25.2B	CN¥39.2B	CN¥39.3B	CN¥28.5B	CN¥28.7B	CN¥65.9B	CN¥89.1B	CN¥81.4B
Lease obligations (non-current)	CN¥3.41B	CN¥3.6B	CN¥3.28B	CN¥3.18B	CN¥3.13B	CN¥3.13B	CN¥3.3B	CN¥3.33B	CN¥3.54B	CN¥3.6B	CN¥3.86B	CN¥4.26B
Deferred tax liabilities	CN¥864M	CN¥968M	CN¥1.04B	CN¥939M	CN¥1.44B	CN¥1.48B	CN¥1.69B	CN¥1.5B	CN¥1.5B	CN¥2.29B	CN¥4.2B	CN¥9.18B
Other non-current liabilities	CN¥1.28B	CN¥412M	CN¥1.36B	CN¥1.62B	CN¥1.97B	CN¥15.5M	CN¥1.63B	CN¥1.6B	CN¥101M	CN¥590M	CN¥1.32B	CN¥1.99B
Non-current liabilities	CN¥40.1B	CN¥40.2B	CN¥40.9B	CN¥30.8B	CN¥30.3B	CN¥43.8B	CN¥44.2B	CN¥33.4B	CN¥33.9B	CN¥72.4B	CN¥98.5B	CN¥96.8B
Total liabilities	CN¥138B	CN¥141B	CN¥129B	CN¥125B	CN¥126B	CN¥152B	CN¥150B	CN¥146B	CN¥151B	CN¥196B	CN¥216B	CN¥215B
Equity
Common stock & paid-in capital	CN¥418K	CN¥418K	CN¥418K	CN¥417K	CN¥407K	CN¥404K	CN¥409K	CN¥409K	CN¥409K	CN¥409K	CN¥412K	CN¥413K
Retained earnings	-CN¥178B	-CN¥176B	-CN¥170B	-CN¥159B	-CN¥146B	-CN¥140B	-CN¥130B	-CN¥129B	-CN¥148B	-CN¥163B	-CN¥169B	-CN¥168B
Accumulated other comprehensive income	CN¥1.2B	CN¥2.05B	CN¥2.12B	-CN¥151M	-CN¥1.75B	CN¥3.6B	CN¥1.51B	-CN¥1.09B	-CN¥1.06B	-CN¥2.79B	-CN¥59.1M	CN¥15.6B
Shareholders' equity	CN¥148B	CN¥152B	CN¥157B	CN¥161B	CN¥160B	CN¥173B	CN¥184B	CN¥184B	CN¥167B	CN¥151B	CN¥149B	CN¥169B
Debt
Total debt (incl. leases)	CN¥62.9B	CN¥60.7B	CN¥53B	CN¥43.1B	CN¥41.3B	CN¥61.5B	CN¥62.1B	CN¥51B	CN¥51.3B	CN¥86.7B	CN¥112B	CN¥95.8B
Net debt (debt - cash)	CN¥37.7B	CN¥27.3B	CN¥2.21B	-CN¥11.7B	-CN¥1.13B	-CN¥9.32B	-CN¥53B	-CN¥50.7B	-CN¥69.5B	-CN¥41.8B	-CN¥24B	-CN¥30.8B

Balance sheet	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	CN¥9.38B	CN¥19.4B	CN¥17B	CN¥13.4B	CN¥17.1B	CN¥32.5B	CN¥20.2B	CN¥33.3B	CN¥70.8B	CN¥128B
Short-term investments	CN¥12.6B	CN¥25.9B	CN¥41.8B	CN¥49.4B	CN¥44B	CN¥84.3B	CN¥91.9B	CN¥28.4B	CN¥97.4B	CN¥60.1B
Receivables	CN¥434M	CN¥3.1B	CN¥4.79B	CN¥7.44B	CN¥10.2B	CN¥10.3B	CN¥10.3B	CN¥11.6B	CN¥14.1B	CN¥3.32B
Inventory	CN¥36.6M	CN¥88.4M	CN¥400M	CN¥275M	CN¥466M	CN¥682M	CN¥1.16B	CN¥1.3B	CN¥1.73B	CN¥3.01B
Other current assets	CN¥1.27B	CN¥5.53B	CN¥8.21B	CN¥10.9B	CN¥15.3B	CN¥17.7B	CN¥17.6B	CN¥21.6B	CN¥21.6B	CN¥30.3B
Current assets	CN¥23.6B	CN¥54.4B	CN¥73.1B	CN¥82.1B	CN¥88.3B	CN¥148B	CN¥143B	CN¥183B	CN¥210B	CN¥225B
Property, plant & equipment (net)	CN¥511M	CN¥916M	CN¥4.08B	CN¥5.54B	CN¥15.3B	CN¥17B	CN¥22.9B	CN¥26.8B	CN¥30.2B	CN¥38.7B
Long-term investments	-CN¥4.65B	-CN¥18B	-CN¥33.5B	-CN¥39.8B	-CN¥19.3B	-CN¥50.1B	-CN¥49.8B	CN¥19.2B	CN¥48.8B	CN¥46B
Goodwill	CN¥15B	CN¥14.9B	CN¥27.7B	CN¥27.7B	CN¥27.6B	CN¥27.7B	CN¥27.8B	CN¥27.8B	CN¥27.8B	CN¥27.8B
Intangible assets	CN¥4.2B	CN¥4.98B	CN¥6.17B	CN¥4.99B	CN¥8.61B	CN¥10B	CN¥2.87B	CN¥2.62B	CN¥2.46B	CN¥2.45B
Deferred tax assets	CN¥399M	CN¥243M	CN¥445M	CN¥590M	CN¥449M	CN¥1.38B	CN¥1.5B	CN¥1.91B	CN¥1.93B	CN¥4.28B
Other non-current assets	CN¥12.7B	CN¥26.2B	CN¥42.6B	CN¥50.8B	CN¥45.6B	CN¥86.8B	CN¥96B	CN¥31.6B	CN¥5.31B	CN¥2.71B
Non-current assets	CN¥28.1B	CN¥29.2B	CN¥47.5B	CN¥49.9B	CN¥78.3B	CN¥92.8B	CN¥101B	CN¥110B	CN¥115B	CN¥122B
Total assets	CN¥51.7B	CN¥83.6B	CN¥121B	CN¥132B	CN¥167B	CN¥241B	CN¥244B	CN¥293B	CN¥324B	CN¥347B
Liabilities
Accounts payable	CN¥1.3B	CN¥2.67B	CN¥5.34B	CN¥6.77B	CN¥12B	CN¥15.2B	CN¥17.4B	CN¥23B	CN¥25.2B	CN¥34.6B
Short-term debt	CN¥1M	CN¥162M	CN¥1.8B	CN¥3.55B	CN¥6.4B	CN¥11.6B	CN¥17.6B	CN¥19.3B	CN¥16.6B	CN¥14.4B
Taxes payable	CN¥299M	CN¥828M	CN¥744M	CN¥973M	CN¥1.29B	CN¥736M	CN¥774M	CN¥944M	CN¥0	CN¥0
Deferred revenue	CN¥9.9B	CN¥828M	CN¥744M	CN¥23.2B	CN¥29.5B	CN¥0	CN¥0	CN¥0	CN¥0	CN¥18.4B
Other current liabilities	CN¥4.62B	CN¥4.64B	CN¥10.1B	-CN¥11.8B	-CN¥15.4B	CN¥17.9B	CN¥18B	CN¥22B	CN¥18.5B	CN¥53.3B
Current liabilities	CN¥12.5B	CN¥20.5B	CN¥31.8B	CN¥36.6B	CN¥51.1B	CN¥68.6B	CN¥76.4B	CN¥101B	CN¥108B	CN¥124B
Long-term debt	CN¥0	CN¥0	CN¥470M	CN¥467M	CN¥14.9B	CN¥42.6B	CN¥35.2B	CN¥35.2B	CN¥39.2B	CN¥65.9B
Lease obligations (non-current)	CN¥0	CN¥0	CN¥0	CN¥992M	CN¥1.65B	CN¥2.99B	CN¥3.2B	CN¥3.6B	CN¥3.13B	CN¥3.6B
Deferred revenue (non-current)	CN¥860M	CN¥834M	CN¥625M	CN¥389M	CN¥167M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Deferred tax liabilities	CN¥1.17B	CN¥1.05B	CN¥1.2B	CN¥1.39B	CN¥756M	CN¥896M	CN¥846M	CN¥968M	CN¥1.48B	CN¥2.29B
Other non-current liabilities	CN¥64.8B	CN¥104B	CN¥1.86B	CN¥130M	CN¥299M	CN¥10.6M	CN¥140M	CN¥412M	CN¥15.5M	CN¥590M
Non-current liabilities	CN¥64.8B	CN¥104B	CN¥2.33B	CN¥3.37B	CN¥17.8B	CN¥46.5B	CN¥39.3B	CN¥40.2B	CN¥43.8B	CN¥72.4B
Total liabilities	CN¥77.3B	CN¥124B	CN¥34.2B	CN¥40B	CN¥68.9B	CN¥115B	CN¥116B	CN¥141B	CN¥152B	CN¥196B
Equity
Common stock & paid-in capital	CN¥93K	CN¥98K	CN¥384K	CN¥389K	CN¥395K	CN¥411K	CN¥415K	CN¥418K	CN¥404K	CN¥409K
Retained earnings	-CN¥31.4B	-CN¥50.4B	-CN¥166B	-CN¥164B	-CN¥159B	-CN¥183B	-CN¥189B	-CN¥176B	-CN¥140B	-CN¥163B
Accumulated other comprehensive income	-CN¥365M	-CN¥679M	-CN¥4.85B	-CN¥7.63B	-CN¥6.26B	-CN¥2.87B	CN¥1.48B	CN¥2.05B	CN¥3.6B	-CN¥2.79B
Shareholders' equity	-CN¥25.6B	-CN¥40.6B	CN¥86.5B	CN¥92.1B	CN¥97.7B	CN¥126B	CN¥129B	CN¥152B	CN¥173B	CN¥151B
Debt
Total debt (incl. leases)	CN¥1M	CN¥162M	CN¥2.27B	CN¥5.55B	CN¥24.1B	CN¥58.9B	CN¥58.1B	CN¥60.6B	CN¥61.5B	CN¥86.7B
Net debt (debt - cash)	-CN¥9.38B	-CN¥19.2B	-CN¥14.8B	-CN¥7.85B	CN¥6.96B	CN¥26.4B	CN¥37.9B	CN¥27.3B	-CN¥9.32B	-CN¥41.8B

Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in CNY.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates: Financial Modeling Prep.

Data as of 2026-11-02 · Amounts in CNY as reported; price and market cap in HKD.