---
title: "美團(ADR) (MPNGY.US) — 財務報表"
type: "Symbol"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/quote/MPNGY.US/norm.md"
symbol: "MPNGY.US"
name: "美團(ADR)"
parent: "https://longbridge.com/zh-HK/quote/MPNGY.US.md"
datetime: "2026-05-20T19:05:14.583Z"
locales:
  - [en](https://longbridge.com/en/quote/MPNGY.US/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/MPNGY.US/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/MPNGY.US/norm.md)
---

# 美團(ADR) (MPNGY.US) — 財務報表

## 損益表 (USD)

| 指標 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| 每股收益 | -0.7087 | - | -0.0068 | - | 0.2820 |
| ROE | -38.04% | -42.37% | 0.79% | 22.55% | 14.95% |
| 營業收入 | 13.00B | 13.41B | 12.81B | 11.92B | 12.12B |
| 凈利潤 | -2.16B | -2.62B | 50.87M | 1.38B | 852.41M |
| 營業利潤 | -2.77B | -2.70B | -308.11M | 1.34B | 990.92M |
| 毛利率 | 25.28% | 26.37% | 33.12% | 37.45% | 37.80% |
| 凈利率 | -16.65% | -19.51% | 0.40% | 11.62% | 7.03% |
| 利潤含金量 | - | - | -46.29% | 96.35% | 42.89% |

## 資產負債表 (USD)

| 指標 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| 資產與負債 | 49.59B | 44.67B | 46.04B | 45.97B | 44.44B |
| 權益乘數 | 2.30 | 1.90 | 1.79 | 1.81 | 1.88 |
| 每股凈資產 | 7.07 | - | 8.48 | - | 7.82 |
| 資產周轉率 | 1.09 | 1.20 | 1.17 | 1.13 | 1.09 |
| 現金及短投 | 23.85B | 19.85B | 23.85B | 24.83B | 23.05B |
| 存貨與應收 | 752.27M | 436.67M | 346.22M | 261.73M | 395.30M |
| 長期投資 | 5.53B | 5.38B | 4.74B | 4.42B | 4.14B |
| 凈債務 | -11.47B | -12.64B | -16.74B | -16.29B | -14.62B |

## 現金流量表 (USD)

| 指標 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| 經營現金流 | -939.30M | -3.11B | 665.57M | 1.39B | 2.31B |
| 投資現金流 | -2.89B | 2.92B | -772.71M | 4.78B | -880.89M |
| 融資現金流 | 5.01B | -135.01M | -1.86B | 69.73M | 2.32B |
| 自由現金流 | -1.80B | -2.13B | 492.66M | 1.19B | 1.08B |
| 現金流充裕率 | -20.11% | - | - | - | 225.81% |
| 舉債與償債 | 6.04B | - | - | - | 2.46B |
| 資本支出 | -1.90B | - | - | - | -716.36M |