Meituan released the second quarter of 2022 financial report: revenue increased by 16.4%year -on -year to 50.9 billion yuan

On August 26, Meituan (stock code: 3690.HK) released the second quarter and semi -annual results in 2022. In the second quarter of this year, Meituan achieved revenue of 50.9 billion yuan (RMB, the same below), an increase of 16.4%year -on -year.

According to the financial report, in the second quarter, Meituan continued to promote the "retail+technology" strategy and continued to increase its investment in China's consumer market. In order to meet the increasing real -time demand of domestic consumers, Meituan rely on various real economic market entities to provide Chinese consumers with 30 minutes of "all things" products and services through the development of new retail formats.

Driven by related businesses, in the second quarter of this year, the per capita transaction frequency of Meituan platform users increased by 16.2%year -on -year to 38.1.

The continuously growing instant retail order provides new kinetic energy for the recovery and development of local physical merchants. In the second quarter, the number of active merchants in Meituan platform increased to 9.2 million, a record high.

According to the financial report, in order to support the high -quality development of cooperative merchants across the country, Meituan further increased the exploration and construction of infrastructure in the retail fields such as cold chain logistics and warehousing, and continued to increase investment in the investment of relevant science and technology research and development. In the second quarter, Meituan's R & D expenditure increased to 5.2 billion yuan, an increase of 33%year -on -year.

Based on a stable business strategy, the sales costs accounted for the income ratio and the marketing costs all year -on -year and the month -on -month downtime. Driven by this, Meituan's operating loss in the second quarter was 490 million yuan, which was significantly narrowed year -on -year and month -on -month.

"In this quarter, Meituan continued to improve quality and efficiency, and various businesses have achieved high -quality growth." Meituan CEO Wang Xing said, "As a retail company that takes root in China, Meituan deeply feels the toughness of the economic fundamentals. The deep potential of consumption with national consumption. Meituan will firmly focus on the 'retail+technology' strategy, help the digital economy and the real economy in deep integration through scientific and technological innovation, and strive to contribute to the stable growth of China's economy. it is good."

Everything at home immediately retail and broaden the development space of physical merchants

In the second quarter, Meituan continued to advance the "retail+technology" strategy. Based on the long -term accumulated multi -level commodity and service retail matrix, and the instant distribution system covering the country, Meituan has made positive contributions in serving people's livelihood and anti -epidemic supply, effectively helping millions of merchants to maintain and expanding the scale of business.

During the epidemic, takeaway orders have become the second lifeline of offline physical merchants. In April and May, affected by the epidemic, some high -end offline restaurants with unprepared operation experience began to choose to serve consumers through take -out. On May 1st alone, 473 catering merchants in Beijing applied for launch takeaway through the green channel, including high -star hotels and high -end catering brands. Facing the epidemic challenge, Meituan also quickly adopted a number of measures to ensure supply and stabilize the contract. In Beijing, Shanghai and other places, Meituan improves the distribution capacity in a timely manner to ensure that consumers need to cross -district and long -distance distribution needs, and launch community meals and emergency helpers for consumer groups on the affected group.

The epidemic has also further accelerated the real -time demand of consumers' "everything to home". Especially for the outbreak of instant consumption demand in the family, takeaway and flash purchase have just increased significantly. Driven this, in the second quarter, the number of instant delivery orders in Meituan increased to 4.1 billion, and the quarterly local commercial sector revenue increased to 36.8 billion yuan in the core local commercial sector, including catering takeaway and Meituan flash purchase business.

Relying on the real -time retail of local entities, it has also expanded new growth space for offline real economies, especially small and medium -sized merchants. From January to July this year, the transaction volume of convenience stores and supermarkets on the Meituan platform increased by 54%year -on -year, of which couples increased by 110%.

Multi -effort to invest in multiple measures and help offline consumption recovery

During the economic recovery after the epidemic, the issuance of consumer vouchers became effective efforts to promote the economy in various places. The instant retail characteristics of the "local supply and instant delivery" presented by Meituan have attracted great attention from local governments. Since the guidance of the government this year, Meituan has actively cooperated with dozens of provinces and cities such as Beijing, Shenzhen, Tianjin and other dozens of provinces and cities to help issue nearly 600 million yuan in electronic consumer coupons to drive steadily growth in the scale of physical stores. For example, during the issuance of Beijing Catering Consumption Voucies from July 18th to August 15th, a variety of food sets in Beijing on the Meituan platform increased significantly. Among them, the self -service category dine food online transaction volume reached 236%month -on -month. From April to August, Meituan participated in the cultural tourism consumer coupon project initiated by local governments, and leveraged about 5 times the direct affiliated transaction volume on average.

In order to actively cooperate with the stability of the economy and promote consumption -related measures, Meituan fully integrates platform resources, and cooperates with many well -known brands to launch shopping festivals and marketing activities. power.

At the same time, under the guidance of governments and relevant departments, Meituan takeaway actively focused on the actual needs of merchants, continued to promote the "prosperous plan" to help merchants recover. The store business helps merchants stabilize and increase income through marketing support, product innovation, operation training, and government -enterprise cooperation. The dining business is also in areas where the epidemic is serious. It starts the business of merchants to open up protection mechanisms. By optimizing the operating mechanism and innovating products such as "reservation", "live", "pre -sale", it will help merchants to meet the needs of consumers in the special period.

In the second quarter, the U.S. delegation's self -developed drone and automatic delivery vehicles opened normal operations in more cities and regions.As of August 2022, Meituan Drone Delivery has landed in the four business districts in Shenzhen, with more than 10 communities and office buildings in the route, and completed an order for real users over 75,000.As of August 2022, Meituan automatic delivery vehicles have been operating in Beijing Shunyi for more than 2 years, covering more than 50 communities in Shunyi, with more than 2.4 million orders for outdoor scene distribution, and more than 97%of autonomous driving mileage.Meituan CFO Chen Shaohui said: "In this quarter, we continue to focus on long -term value creation and core capabilities, and continue to discover and meet new consumer demand. Through innovation formats, supply and performance upgrades will be promoted to drive physical development. Meituan will continue to useTechnology connectors and products and services, strive to meet the diversity needs of consumers, and create greater value for industry participants. "

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