Mei Ri Jing Ji Xin Wen·2025-08-27 13:41Core Viewpoint - Meituan's management indicates that the current subsidy levels from other platforms remain historically high, prompting the company to increase its investments to remain competitive while also enhancing its industry ecosystem [1] Financial Performance - In the second quarter, Meituan's "Core Local Business" segment reported revenue of 65.3 billion yuan, representing a year-on-year growth of 7.7% [1] - The operating profit for the "Core Local Business" segment decreased by 75.6% year-on-year to 3.7 billion yuan, with the operating profit margin declining by 19.4 percentage points to 5.7% [1] Competitive Strategy - Meituan plans to increase subsidies while maintaining its scale advantage in food delivery to ensure price competitiveness and stable fulfillment experience [1] - The company anticipates significant losses in the "Core Local Business" segment in the third quarter due to competitive pressures [1] - Management believes that as industry subsidies gradually return to rational levels, food delivery services will also return to reasonable profit levels [1]