Sou Hu Cai Jing·2025-09-07 23:49Core Insights - Meituan's CEO Wang Xing communicated to employees that the company served 770 million users and 14.5 million active merchants over the past year, with a peak daily order volume exceeding 150 million in instant retail [1] - The average income for high-frequency delivery riders increased by 12% to between 7,230 and 10,100 RMB in Q1 2025 compared to the end of 2024, and the company plans to extend pension insurance subsidies to all types of riders nationwide [1][3] Financial Performance - In Q2 2025, Meituan's revenue rose by 11.7% year-on-year to 91.84 billion RMB from 82.25 billion RMB in the same period of 2024 [2][3] - The operating profit of Meituan's core local commerce segment significantly declined to 3.7 billion RMB, while the new business segment reported an operating loss of 1.9 billion RMB due to overseas expansion [2] - The adjusted EBITDA for the period was 2.78 billion RMB, down 81.5% from the previous year, indicating substantial pressure on profitability [3] Strategic Focus - Meituan aims to enhance rider welfare and security mechanisms, having expanded occupational injury protection to all riders in 17 provinces and cities as of July 1 [3] - The company maintains a long-term profitability assumption of "1 RMB per order and approximately 3% profit margin" for 2025, despite anticipated short-term financial pressures due to increased strategic investments [4]