Meituan HK SDR 5to1 (HMTD.SI) saw its price surge 3.75% in pre-market trading on Tuesday. The movement follows the company's release of its first-quarter 2026 financial results, which showed resilient performance and an optimistic outlook from management.

Meituan reported Q1 2026 revenue of RMB 91.039 billion, representing a year-over-year increase of 5.6%. During the earnings call, management stated that as subsidies in the food delivery industry continue to be optimized, competition is gradually shifting towards a stage focused on efficiency and user experience. The company has further solidified its leading position in the mid-to-high-value food delivery order market and continues to expand its Unit Economics (UE) advantage. Management expressed confidence that with ongoing regulatory guidance, industry competition will return to rationality, and the company will maintain its operational efficiency lead.

Adding to the positive sentiment, Meituan's strategic investment portfolio received a boost. Unitree Robotics Co., Ltd., in which Meituan's affiliated entity holds a 7.61% stake, successfully passed the listing review by the Shanghai Stock Exchange, making it eligible for an IPO on the STAR Market. This development positions the robotics firm, backed by major tech investors including Meituan, to potentially become the first publicly traded general-purpose humanoid robotics company on China's A-share market.