Xin Lang Ke Ji·2025-08-27 14:07Core Insights - Meituan reported Q2 2025 revenue of 91.8 billion RMB, a year-on-year increase of 11.7%. Net profit was 365.3 million RMB, down from 11.4 billion RMB in the same period of 2024. Adjusted net profit was 1.5 billion RMB, compared to 13.6 billion RMB in 2024 [1] Group 1: Industry Competition - The company faces intense competition, with rivals offering high subsidies to users. Management emphasized their commitment to defending market position despite ongoing price wars [2] - Meituan has historically grown through competition, which has shaped its industry-leading position. The company focuses on fundamental aspects such as product selection, pricing, and delivery to maintain its competitive edge [3] Group 2: Business Strategy and Goals - Meituan set a goal during its 2018 IPO to achieve 100 million daily orders by 2025, with a profit of 1 RMB per order. The company has exceeded this order target, reaching 150 million daily orders in the recent quarter, although the profit target has not yet been met [4] - The company believes it is on the right path, focusing on providing better product choices, ensuring reliable delivery, and maintaining affordable prices, which is expected to enhance market share and long-term economic efficiency [5]