Meituan released its 2020 annual report: the main business continued to recover, and the development of new business was blocked and long.

On the afternoon of March 26th, Meituan released its 2020 annual report. The financial report shows that in 2020, Meituan's revenue was1147.9 billion yuan, a year-on-year increase of17.7%; The adjusted net profit was 36,543.8+0.2 billion yuan, down 33% year-on-year.

The transaction amount of Meituan's catering takeaway business increased by 24.5% year-on-year to RMB 488.9 billion; The income from shops, hotels and tourism business was 210.3 billion yuan, down 4.6% year-on-year; The income 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 20 19 to108.2 billion yuan in 2020.

Wang Xing, CEO of Meituan, said: "Thanks to the rapid recovery of the domestic economy, Meituan's businesses continue to maintain steady growth. In the past year, we have served more users and businesses, further enriching 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 2020, the turnover of Meituan's catering take-away business increased by 24.5% year-on-year to RMB 488.9 billion, and the income of shops, hotels and tourism businesses seriously affected by the epidemic was RMB 26,543.803 billion, down by 4.6% year-on-year. Chen, a life service e-commerce analyst at the e-commerce research center of the NetEconomy & Society, pointed out that the development of Meituan is relatively stable from its own performance. However, from the perspective of comprehensive market value and external competition, the performance growth of Meituan is facing challenges. Despite the obvious advantages of Meituan's takeaway 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 efforts for the US Mission to develop steadily in an all-round way.

According to the financial report data, in 2020, the revenue of new business and other branches of Meituan was 27.3 billion yuan, a year-on-year increase of 33.6%; The operating loss increased from 6.7 billion yuan in 20 19 to 109 billion yuan in 2020, and the operating profit rate decreased by 6.7 percentage points. In Chen's view, from the moment when Meituan set up the optimization division and entered the track of community group buying, 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 Shengxing Youxuan and Tenth Club. Under the pressure of multi-party competition, Meituan has to increase investment to gain market share.