On September 9, MEITUAN-W declined 3.23% in regular trading, trading at 77.95 HKD/share, with turnover of approximately 1.117 billion HKD. The sell-off came amid broad-based weakness across the internet sector.

On the news front, the decline reflects post-earnings sentiment divergence after multiple rounds of digestion of MEITUAN-W's Q2 results released on August 28. While the company reported revenue of 104.6 billion RMB (+14.4% YoY) and adjusted net profit of 2.524 billion RMB (+69% YoY), with the delivery business achieving positive unit economics for the first time in several quarters, institutions have highlighted ongoing challenges including intensifying competition in instant retail from Alibaba and JD.com, as well as a structurally lower earnings ceiling. Some brokerages have warned that the company's delivery market share has declined significantly from its peak, and full profit normalization may take several more quarters.

Within the Internet and Direct Marketing Retail sector, most peers traded lower, with JD HEALTH down 4.97%, PA GOODDOCTOR down 3.17%, ALI HEALTH down 2.55%, and JD-SW down 2.21%, while BABA-W edged up 0.46%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)