$MEITUAN-W(03690)$ Meituan, a domestic giant, released its financial report, with Q2 revenue of 82.3 billion, expected to be 80.4 billion, a year-on-year increase of 21%, and adjusted net profit of 13.6 billion, expected to be 10.6 billion, a year-on-year increase of 78%. Today's stock price soared, estimated to close up 13 points?

Including core businesses such as takeaway, in-store, and hotel and travel, the second quarter increased by 19% year-on-year, and operating profit increased by 37% year-on-year.

The number of instant delivery transactions (takeaway/flash purchase orders) was 6.2 billion, a year-on-year increase of 14%, the daily order peak of Pinhaofan exceeded 8 million to set a new high, the in-store hotel and travel business orders increased by more than 60% year-on-year, and the number of annual transaction users and annual active merchants reached a record high.

This business mainly competes with Douyin, but the intensity of competition between the two sides has decreased this year, and each has found its own basic plate. Douyin is a big brand customer, and Meituan is a small and medium-sized merchant. For small and medium-sized merchants, Douyin's investment in traffic is definitely not as good as that of big brands, and Meituan has ground promotion to help.

In terms of new business, this year's loss reduction is close to 4 billion. The company said that it was mainly driven by the optimization of Meituan's preferred supply chain.

Meituan's shareholders have finally made it. Previously, everyone was worried about the slowdown in demand for food delivery and the worsening competition in the in-store hotel and travel business, but now it seems that nothing is as bad as imagined. At the current rate of reducing losses, the new business will be just a click away from making a profit.