滴滴挺稳的：订单量双位数增长，海外业务表现亮眼

Core Insights - Didi's Q1 financial report indicates stable growth with double-digit increases in key metrics, alongside a significant push for international expansion [1][10] Group 1: Financial Performance - Didi's core platform order volume reached 4.247 billion, a year-on-year increase of 13.4% [3] - The total Gross Transaction Value (GTV) for Didi's core platform was 101.6 billion, reflecting a 13.5% growth at fixed exchange rates compared to the previous year [5] - Didi's revenue for Q1 was 53.3 billion, showing an 8.5% year-on-year increase, although this growth rate is lower than the GTV growth by approximately 5 percentage points [8][10] Group 2: Domestic Business - Didi's domestic ride-hailing business saw a total order volume of 3.258 billion, a 10.3% increase year-on-year, with daily average orders reaching a historical high of 36.2 million [6][10] - The resilience of Didi's domestic business is highlighted despite economic and competitive pressures, with a target of achieving 40 million daily orders in the future [6] Group 3: International Expansion - Didi's international business recorded a total order volume of 989 million, a significant year-on-year growth of 24.9%, with GTV reaching 23.6 billion, up 27.9% at fixed exchange rates [7] - The company has expanded its international operations to 14 countries across Latin America, Asia-Pacific, and Africa, while also launching overseas ride-hailing services in over 1,200 cities [7] - Didi's international business has significantly reduced losses, with adjusted EBITA losses of 176 million, a 44% reduction year-on-year, and has achieved profitability in its overseas ride-hailing segment [8] Group 4: Cost Management - Didi continues to implement cost-cutting measures, with revenue cost and other expenses growing at a rate lower than transaction volume and revenue growth [10]