Cai Jing Wang·2025-08-27 09:58Group 1 - The core viewpoint of the article is that Meituan's second-quarter performance showed mixed results, with revenue growth but a significant decline in net profit due to intense competition in the food delivery sector [1] - In Q2, Meituan reported revenue of 91.84 billion RMB, representing a year-on-year increase of 11.7%, but falling short of the expected 93.69 billion RMB [1] - The adjusted net profit for Q2 was 1.49 billion RMB, a substantial year-on-year decrease of 89%, compared to the forecast of 9.85 billion RMB [1] Group 2 - The core local commerce segment of Meituan saw a revenue increase of 7.7% year-on-year, reaching 65.3 billion RMB in Q2 2025 [1] - Operating profit for the core local commerce segment dropped significantly by 75.6% year-on-year to 3.7 billion RMB, with the operating profit margin declining by 19.4 percentage points to 5.7% [1] - The new business segment experienced an expanded operating loss of 1.9 billion RMB year-on-year, attributed to overseas expansion efforts [1]