Meituan (HKSE:03690) Construction In Progress : HK$3,354 Mil (As of Dec. 2024)

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What is Meituan Construction In Progress?

Meituan's quarterly construction in progress declined from Jun. 2024 (HK$2,727 Mil) to Sep. 2024 (HK$0 Mil) but then increased from Sep. 2024 (HK$0 Mil) to Dec. 2024 (HK$3,354 Mil).

Meituan's annual construction in progress increased from Dec. 2022 (HK$2,738 Mil) to Dec. 2023 (HK$2,826 Mil) and increased from Dec. 2023 (HK$2,826 Mil) to Dec. 2024 (HK$3,354 Mil).

Meituan Construction In Progress Historical Data

The historical data trend for Meituan's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Meituan Construction In Progress Chart

Meituan Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Construction In Progress

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7,322.16

2,676.10

2,738.14

2,825.91

3,354.34

Meituan Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Construction In Progress	Get a 7-Day Free Trial															2,825.91	-	2,726.71	-	3,354.34

Meituan Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Meituan Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meituan (HKSE:03690) » Definitions » Construction In Progress

Comparable Companies

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MPNGY:USA MPNGF:USA 9MD:Germany 9MD:Bulgaria

Address

No. 4 Wang Jing East Road, Block B and C, Hengjiweiye Building, Chaoyang District, Beijing, CHN, 100102

Website

https://about.meituan.com

Meituan is the largest food delivery platform in China, with a 60%-70% share of the market in 2024, according to Morningstar estimates. In the third quarter of 2024, the firm generated 74% of its revenue from the core local commerce segment, which includes on-demand food delivery and retail, in-store services (such as visiting beauty and entertainment stores after purchasing deals on Meituan), as well as hotel and travel booking. The remaining 26% of revenue came from the new initiatives segment, such as from the community group purchase business Meituan Select and the overseas food delivery business.

Executives

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Wang Xing
Jpmorgan Chase & Co.	2201 Interest of corporation controlled by you
Blackrock, Inc.	2201 Interest of corporation controlled by you
Brown Brothers Harriman & Co.	2502 Approved lending agent
Mu Rongjun
Tencent Holdings Limited
Cantrust (far East) Limited
Crown Holdings Asia Limited	2101 Beneficial owner
Songtao Limited	2201 Interest of corporation controlled by you
Charmway Enterprises Company Limited	2101 Beneficial owner
Day One Holdings Limited	2201 Interest of corporation controlled by you
Huai River Investment Limited
Tencent Mobility Limited

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