美团2026年Q2业绩与AI、新业务战略沟通会

发布时间：2026-08-30 一、AI总结内容 一、核心业绩 1. 2026年Q2美团总营收同比增长14.4%至1004.6亿元，净利润转正，其中本地营收增长10.1%、新业务营收增长25%；本地核心配送、到店酒旅业务获良好盈利，新业务亏损环比收窄至17亿元。 二、核心业务进展 1. 即时配送：核心用户粘性、单均价值提升，高端用户增长迅速；推出22万中小商户扶持计划，全面铺开骑手职业伤害险，优化算法及骑手交通规则，推动业务标准化与效率提升。 2. 到店酒旅：消费向个性化体验转变，发布包含264个城市的必吃榜，依托AI助手「小团」优化服务，推动AI代理在多行业商户运营落地，定位商户AI业务伙伴。 3. 新业务：小巷超市覆盖68城，开设5家线下店，私占比提升，效率改善；海外业务中香港实现持续盈利，沙特效率提升，巴西聚焦圣保罗市场深耕，整体海外亏损收窄。三、AI战略进展 1. 开源龙心2.0大模型，为千亿参数、全自研中文基础模型，覆盖内部软件开发、客户服务、AI代理等场景；核心能力体现在编码、推理、复杂任务执行，将AI嵌入业务流程而非单纯竞争模型。四、竞争与未来展望 1. 行业竞争转向服务与效率，Q3即时配送单位盈利环比受季节性、成本影响仍有望盈利；到店业务坚持高ROI投入，非优质订单不抢，长期利润率将随竞争正常化逐步改善。五、资本与股东回报 1. 资本分配锚定长期价值，优先核心业务，新业务与AI投入注重ROI；持续通过回购回报股东，将择机出售部分高估值投资组合以获取资金支持核心业务与股东回报。 二、音频原文（转写） Thank you for standing by, and welcome to the May 21, 2026 Earnings Conference Call. All participants are in a listen only mode. There will be apresentation followed by a question and answersession. If you wish to ask a question, you willneed to press the star key followed by the number one on your telephone keypad. I would now like to hand the conference over to Scarlett Shu, VP of Capital Markets. Please go ahead. Thank you, operator. Good evening and good morning, everyone. Welcome to our second quarter of 2026 earnings conference call. Joining us today are Mr. Xing Wang, Chairman and CEO, and Mr. Xiaohui Chen,Senior Vice President and CFO of MeiTuan. For t oday's call, management will first provide a review of our second quarter of 2026 results and then conduct a Q&A session. Before we start, we would like to remind you that our presentation Itcontains four locking statements, which includea number of risks. and uncertainties and may differ from actual results in the future. This plantation also contains an audited non FIS accounting standards financial measures. that should beconsidered. In addition to and not as a substitute for measures of the company's financial performance. prepared in accordance with IFS accounting standards. for a detailed discussion of riskfactors and now as I accounting standard measures. Please refer to the disclosure documents in the IRS section of our website. Now I will turn call over to Mr. Xinhuang. Peace got a hash in. Thank you, Scarlet. And hello everyone. In the second quarter. our total revenue grew 14.4%. yearover year and net profit turned positive. thosecall local commerce and new initiatives. Delivered solid results. We remain focused on our retail plus technology strategy, improving businessquality and driving high quality growth across the industry. As they go to local services platform for consumers and merchants, our ecosystem continues to strengthen. We pushed forward with product and business innovations while stepping upinvestment in our ecosystem. In the second quarter, the quick economy and technology to build along term value. We also expanded our grocery retail and overseas businesses with continued gains in operating efficiency. On the AI front, wemade further progress in foundation models as well as in AI agent applications. Now let me walkyou through the details. In the second quarter,the quick economy. The consumer industry shiftedits focus to improving marketing and operatingefficiencies. Again, this backdrop, our strong consumer momentum and core competitive advantagestranslated into healthier financial results. Or der mix and user quality continue to improve steadily. For food delivery, core user stickiness strengthened further. purchase frequency retention and average order value all trending up. Maytime Insta Shopping maintained healthy new user acquisition with a post 2005 generation growing particularly fast, while existing users also increased their order frequency. Despite a high basefrom last year and evolving consumption trends,we actively pursued new growth opportunities improving our supplier. offerings strengthening product competitiveness and deepening our understanding of user needs for different consumption scenarios. for further rain. Pinghao Fan improved its ability to identify consumer demand. an accelerated rollout. of heat products. from chain mergers. SUNSHINE SO CONTINUE TO RAISE THE BAR. onsupply quality catering to mid to high end consumer seeking quality upgrades. We also steadily expanded innovative innovative store formats. such as branded satellite stores. 品牌卫星店 creating incremental value for merchants. 和美团Insta shoppingMega is the mask. maintained rapid growth and remain the key growth engine. 歪马送九。 expanded quickly across the majority of provinces in China. He also launched more private labelprojects. in june. you roll out an anti counterfeiting verification system to safeguard productauthenticity or high end. alcohol. 很松鼠便利。 also accelerated its market penetration rehabbrating and customized product development and factory partnership. to enhance product. competitiveness and better serve users in nine times and travel scenarios. We also took more proactive steps. to strengthen our platform ecosystem. Deepening merchant support. setting parliamen