Meituan Dianping Ord Cl B (MPNGF) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.839 Thank you for standing by and welcome to the MeTwan fourth quarter and full year 2025 00:00:04.839 -- 00:00:07.163 earnings conference call. 00:00:07.163 -- 00:00:10.167 All participants are in a listen-only mode. 00:00:10.167 -- 00:00:14.454 There will be a presentation followed by a question and answer session. 00:00:14.454 -- 00:00:18.221 If you wish to ask a question, you will need to press the star key followed by the number 00:00:18.221 -- 00:00:21.085 one on your telephone keypad. 00:00:21.085 -- 00:00:24.731 I would now like to hand the conference over to Scarlett Zhu, VP and Head of Capital 00:00:24.731 -- 00:00:28.234 Markets. Please go ahead. 00:00:28.685 -- 00:00:32.231 Thank you, operator. Good evening and good morning, everyone. 00:00:32.231 -- 00:00:37.219 Welcome to our fourth quarter and fiscal year 2025 earnings conference call. 00:00:37.219 -- 00:00:41.105 Joining us today are Mr. Xin Wang, Chairman and CEO, and Mr. 00:00:41.105 -- 00:00:45.332 Shao-Hui Chen, Senior Vice President and CFO of Meituan. 00:00:45.332 -- 00:00:50.501 For today's call, management will first provide a review of our fourth quarter and fiscal 00:00:50.501 -- 00:00:55.060 year 2025 results and then conduct a Q&A session. 00:00:55.060 -- 00:01:00.025 Before we start, we would like to remind you that our presentation contains forward-looking 00:01:00.025 -- 00:01:05.450 statements which include a number of risks and uncertainties and may differ from actual 00:01:05.450 -- 00:01:10.634 results in the future. This presentation also contains an audited 00:01:10.634 -- 00:01:15.679 IFRS accounting standards financial measures that should be considered in addition 00:01:15.679 -- 00:01:20.704 to and not as a substitute for measures of the company...