The word 晚点 is formed by combining two characters: 晚, which means "late" or "evening", and 点, which in this context means "point" (specifically a point in time). Conceptually, it describes a scheduled time point (like a departure or arrival) that has become late, effectively creating the meaning of "behind schedule" or "delayed". The formation is a direct and logical semantic compound where the first character modifies the state of the second.