3 6 Ke·2026-02-14 03:40Core Viewpoint - Meituan anticipates a significant loss of approximately RMB 23.3 billion to RMB 24.3 billion for the fiscal year ending December 31, 2025, contrasting with a profit of about RMB 35.8 billion for the fiscal year ending December 31, 2024 [1] Group 1: Financial Performance - The expected loss for 2025 is primarily due to a shift in the core local commerce segment, which is projected to turn from an operating profit of approximately RMB 52.4 billion in 2024 to an operating loss of about RMB 6.8 billion to RMB 7 billion in 2025 [1] - Despite the anticipated losses, the company's operational status remains stable and normal, with sufficient cash reserves to support robust business development [1] Group 2: Strategic Initiatives - In response to unprecedented competition in 2025, Meituan has strategically increased investments across its entire ecosystem to enhance core advantages and drive sustainable growth [1] - The increased investments are expected to impact the profitability of the core local commerce segment in 2025 [1] - The trend of losses is expected to continue into the first quarter of 2026 due to ongoing competitive pressures [1]