Di Yi Cai Jing·2025-08-28 05:31Group 1 - The core viewpoint of the article is that Meituan's stock price fell over 10% following disappointing Q2 earnings, reaching a new low since September of the previous year [1] - Meituan's Q2 revenue was reported at 91.84 billion yuan, reflecting a year-on-year growth of 11.7% [1] - The adjusted net profit for Meituan in Q2 was 1.49 billion yuan, which represents a significant year-on-year decline of 89%, falling short of prior expectations [1] Group 2 - The article highlights that the irrational competition starting in Q2 has severely impacted Meituan's operating profit, which is projected to decrease from 15.2 billion yuan in Q2 2024 to 3.7 billion yuan in Q2 2025 [1] - The operating profit margin for Meituan has also dropped from 25.1% year-on-year to 5.7% [1] - Other competitors in the food delivery sector, such as Alibaba and JD.com, also experienced stock price declines, with Alibaba down over 3.7% and JD.com down over 3.5% [1]