on the afternoon of March 26th, Meituan released its 2121 annual report. The financial report shows that in 2121, the revenue of Meituan was 114.79 billion yuan, a year-on-year increase of 17.7%; The adjusted net profit was 3.12 billion yuan, a year-on-year decrease of 33%.

The transaction amount of Meituan's food and beverage take-out business increased by 24.5% year-on-year to RMB 488.9 billion; The income from shops, hotels and tourism business was 21.3 billion yuan, a year-on-year decrease of 4.6%; The revenue of new business and other branches was 27.3 billion yuan, up 33.6% year-on-year, and the operating loss increased from 6.7 billion yuan in 2119 to 11.82 billion yuan in 2121.

Wang Xing, CEO of Meituan, said: "Thanks to the rapid recovery of the domestic economy, Meituan's businesses continue to maintain steady growth. We have served more users and businesses in the past year, further enriching the service categories and scenarios, and also driving more employment and consumption growth; With the acceleration of the digitalization process in China, we focus on the' food+platform' strategy, continue to explore new opportunities, and invest in strategic areas such as retail for a long time. "

according to the financial report, in 2121, the turnover of the food and beverage take-out business of Meituan increased by 24.5% year-on-year to RMB 488.9 billion, and the income of the shops, hotels and tourism businesses that were seriously affected by the epidemic was RMB 21.3 billion, down by 4.6% year-on-year. Chen Liteng, a life service e-commerce analyst at the e-commerce research center of NetEconomy & Society, pointed out that the development of Meituan is relatively stable from the perspective of its own performance. However, in terms of comprehensive market value and external competition, the performance growth of Meituan is facing challenges. Despite the obvious advantages of Meituan's take-away business, it continues to exert its strength if it is hungry. In addition, there are Ctrip, Flying Pig and Tongcheng before and after the wine tour; In terms of travel, there are Didi, Hello and so on. It takes a lot of effort for Meituan to develop steadily in an all-round way.

according to the financial report data, in 2121, the revenue of new business and other branches of Meituan was 27.3 billion yuan, up 33.6% year-on-year; The operating loss increased from 6.7 billion yuan in 2119 to 11.9 billion yuan in 2121, and the operating profit rate decreased by 6.7 percentage points year-on-year. In Chen Liteng's view, from the moment when Meituan set up the optimization division and entered the community group buying track, it means that this "war" will be extremely difficult.

At present, there are many powerful players in the community group buying circuit: in addition to e-commerce Internet giants such as Pinduoduo, Didi, Alibaba and JD.COM, there are also vertical head platforms such as Xingsheng Youxuan and Tenth Club. Under the pressure of multi-party competition, Meituan has to increase investment to gain market share.