March 25，Meituan (stock code: 3690.HK) releases fourth quarter and full-year results for 2021。

In the process of effectively coordinating epidemic prevention and control and social and economic development in various places，The company’s business will continue to achieve steady growth in 2021，Full year revenue 179.1 billion yuan (RMB，The same below)，56% year-on-year growth。

2021，Meituan Takeout achieved revenue of 96.3 billion yuan。Within the same period，The cost of Meituan delivery riders is 68.2 billion yuan，Rider cost accounts for 71% of catering takeout revenue。This year，Meituan advances further“Retail + Technology”Strategy，Continue to increase investment in scientific research in key areas，The company’s annual R&D expenditure increased by 53% year-on-year.1% to 16.7 billion yuan。

At the same time，To promote industrial upgrading、Help improve total factor production efficiency，Meituan continues to increase investment in infrastructure including warehousing and logistics across the country，The adjusted net loss in the fourth quarter expanded to 3.9 billion yuan year-on-year，Full-year adjusted net loss is 15.6 billion yuan。

 “2021，Despite the impact of the epidemic，We still overcome difficulties，Strive to provide hundreds of millions of consumers with safe and convenient life services，Help merchants use digital means to expand 188bet app download online operations，Helping more entrepreneurs and employed people achieve stable income。”Meituan CEO Wang Xing said，“We are becoming more aware，China’s economy is a surging sea，Meituan will unswervingly fulfill its platform responsibilities，Unswervingly increase investment in science and technology，Unswervingly continue to expand business，around‘Retail + Technology’Strategy，Deeply exploring the Chinese market，For merchant、User、Riders and other ecological partners create more value。”

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As a new digital life service platform, Meituan continues to take advantage of its rich application scenarios，Supplied through high-quality online，Meet offline consumption needs。

2021，Based on strong nationwide demand，Meituan Waimai achieved a transaction amount of 702.1 billion yuan，A year-on-year increase of 43% from the previous year.6%；The number of transactions reached 14.4 billion，41 year-on-year increase.6%。

Period，Takeaway continues to cover the sinking market，Promote the formation of a new round of consumption boom。During National Day last year，The number of takeaway orders in county-level regions across the country increased by 35% year-on-year，Growth faster than the top 10 cities in the country。Inspired by this，Fourth Quarter，Meituan’s single-day peak order volume exceeds 50 million orders。

Popularization of digitalization and integration of online and offline，Making consumers aware of“Order online at any time，Offline instant fulfillment”’s requirements are getting higher and higher。Except for catering and takeaway，Drug、Flowers、Daily groceries、Instant retail demand for branded cosmetics and mobile phones is growing rapidly，More and more consumers want to enjoy instant retail services。Meituan 30 minutes&188bet online sports betting ldquo;Everything is at home”’s service experience，More consumers begin to embrace instant retail，Promote the peak daily order volume of Meituan’s flash sales to a new high。

Retail，Meituan continues to focus on improving business operation efficiency，Through the promotion of agricultural products and the transfer of industrial products to the countryside，Further help improve the consumer experience in rural areas，Create local jobs。Period，Meituan Preferred gradually transitions to platform active control、Stage of supply chain optimization，Continuous precipitation、Explore and improve the business model，Achieve long-term healthy development。Inspired by this，Fourth Quarter，Meituan’s new business operating losses decreased month-on-month。

Technology assists reality and assumes platform responsibility to help the industry recover

This quarter，Meituan continues to actively support the digital transformation of life services and physical retail industries through technological innovation，Full-year R&D expenditure increased by approximately 53% year-on-year.1% to 16.7 billion yuan。

Meituan drone completed its first order delivery task for real users in Longhua District, Shenzhen，At the same time, an anti-epidemic "air channel" for urban material transportation was established in Nanshan District，Deliver emergency supplies to residents in the quarantine area at that time。As of now，Meituan drone is in Longgang District, Shenzhen、Normalized takeout delivery service launched in Pingshan District and other areas，Covering more than 8,000 households，Complete 30,000 orders for real users。On the other hand，Meituan’s automatic delivery vehicles have also made significant progress in the research and development of core products，The independently developed new generation of automatic delivery vehicle Magic Bag 20 was 188bet app successfully released，Initially establishing mass production capabilities，Development enters a new stage。Currently, Meituan’s automatic delivery vehicles have been operating regularly in Shunyi District, Beijing for nearly 2 years，Covering more than 20 communities in Shunyi，Providing takeout delivery services to multiple universities across the country at the same time。

2021，Under the challenges of external adverse factors such as local epidemics and extreme weather，The offline service industry, as an important part of the real economy, is affected。Meituan takes the initiative to assume platform responsibility，Creating job opportunities through stable operations，Helping industry recovery。

2021，More than 5.27 million riders earn income through the Meituan platform，The delivery cost of takeaway riders reaches approximately 68.2 billion yuan，An increase of 38 compared with the previous year.3%，Accounting for 71% of takeaway revenue。

In order to reduce the negative impact of repeated epidemics on small and medium-sized businesses，Hedging rent、Raw materials、Pressure of labor and other costs，Meituan launches rate transparency policy on the merchant side，To be more transparent、Clearer cost structure，Benefiting the majority of small and medium-sized businesses on the platform，We will strive to achieve nationwide coverage in 2022。

At the same time，Under the guidance of relevant national departments，Meituan Waimai officially released six specific assistance measures on March 1，Including commission discounts for high-risk areas and small and medium-sized merchants in difficulties、Improve the online operation capabilities of small merchants、Providing takeaway smart hardware, etc.，Affected by the epidemic in terms of cost reduction and revenue 188bet Online Sports Betting and Casino increase、Providing help to small and medium-sized merchants who are in trouble。This series of measures has also been recognized and supported by relevant departments，is being accelerated in various places。

“The development of Meituan，Closely related to China’s economic environment，It is also inseparable from the joint efforts of the majority of small and medium-sized businesses, riders and other related workers。We will continue to regard high quality and sustainable development as the company's goals，Strive to drive consumption and industry transformation and upgrading，Let all relevant parties benefit from it。”Meituan CFO Chen Shaohui said: “China has become the world’s largest consumer of goods and the most dynamic consumer of services，The development of the digital economy and the transformation of retail will continue to promote the high-quality development of the Chinese economy，And supplying upgrades、Expansion of consumption、Continue to play a leading role in industry innovation and social employment。Meituan will focus on‘Retail + Technology’’s strategy for long-term investment，Driven by innovation and technology，Help more entrepreneurs、Employed people share the dividends of the digital economy。”