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Full text | Meituan Q3 earnings conference transcript: The total investment in the "Dining Merchant Support Initiative" is 1 billion yuan.
Meituan (HKEX: 3690) released its financial report for the third quarter of 2024 today: revenue was 93.6 billion yuan, an increase of 22.4% year-on-year. Net income was 12.9 billion yuan, compared to 3.6 billion yuan in the same period of 2023; adjusted net income under non-International Financial Reporting Standards was 12.83 billion yuan, a year-on-year increase of 124.0%. After the financial report was released, Meituan's chairman and CEO Wang Xing, along with senior vice president and CFO Chen Shaohui, participated in a subsequent analyst conference call to interpret the financial report. The following is a transcript of the Q&A session during the conference call: Citic Securities analyst Ya Jiang: I
The central parity rate of the renminbi is reported at 7.1877, an increase of 17 points.
On November 29, the central parity rate of the renminbi was reported at 7.1877, an increase of 17 points, while the onshore renminbi closed at 7.2525 on the previous trading day. Mingming: The renminbi exchange rate may fluctuate weakly. In the short term, supported by the central bank's steady exchange rate policy, it is expected that the renminbi exchange rate may fluctuate weakly, with a key focus on the upcoming Central Economic Work Conference for guidance on next year's economic and macro policies. Looking ahead to next year, if the usa tariffs on China are implemented, it may negatively impact our exports, and the scale of merchandise trade surplus may narrow, consequently affecting the stability of the current account surplus, which would undermine support for the renminbi exchange rate.
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Citic Securities (06030) appointed Yu Xiaojun as its authorized representative.
Citic sec (06030) announced that, given that Xia Mingli has left the company's wholly-owned subsidiary Citic Lyon Securities, the board...
citic sec (06030.HK): Changing the authorized representative for receiving legal documents and notifications delivered to the company in Hong Kong.
Glory Holdings announced on November 25 that citic sec (06030.HK) has confirmed and approved the appointment of Yu Xiaojun as the authorized representative to accept legal documents and notifications served to the company in Hong Kong, effective from November 25, 2024, due to the departure of Xia Mingli from the company's wholly-owned subsidiary, Citic Lyon Securities. This resolution was made during the board of directors' meeting held on November 25, 2024, in accordance with Section 16 of Part 2 of the Companies Ordinance (Cap. 622) and Article 19A.13(2) of the Securities Listing Rules of the Stock Exchange of Hong Kong Limited.
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