Meituan, China's leading food delivery company, reported its full-year 2024 revenue at 337.6 billion yuan, an increase from 276.74 billion yuan the previous year. The company's adjusted net profit for the year was 9.85 billion yuan, slightly below the estimated 9.91 billion yuan. For the fourth quarter, Meituan's revenue reached 88,487.3 million yuan, surpassing the estimate of 87.93 billion yuan. The company's fourth-quarter revenue grew by over 20% year-over-year, with net profit surging 180% to 858 million dollars, despite facing stiff competition. Meituan's full-year net income was 35.81 billion yuan, below the estimate of 37.77 billion yuan. The company's quarterly revenue increase of 20% suggests it is successfully managing domestic competition and expanding internationally, with accelerated overseas expansion and narrowing losses in new business ventures. Meituan's stock is among the highest targets in China's tech sector, with analysts forecasting a rise to HK$219.91 within the next year, a 31% increase from its last closing price. This projection positions Meituan as one of the top performers in the Hong Kong market, although its unsponsored ADR barely trades in the US.