GF Securities released a research report sayingcryptothrillsnodepositbonus, maintain the "Buy" rating of Meituan-W (03690), and expect revenue of 331.7 billion yuan in 2024-25cryptothrillsnodepositbonus; The adjusted net profit was 34.8 billion yuan and 53.2 billion yuan, with a reasonable value of 176cryptothrillsnodepositbonus05 Hong Kong dollars, which remains optimistic about the company's long-term business barriers and profitability. The bank remains optimistic about the profitability and long-term competitiveness of Meituan's local core businesses. The easing of competition in the in-store business has double benefits for the OPM and valuation restoration of Meituan's in-store business; the overall profitability of takeout is guaranteed. The increase in loss reduction by community group buying will effectively increase overall profits.