Meitu expects net profit to increase by no less than 80% year-on-year in the first half of 2024

News from this site on July 25. On July 24, Meitu Company issued a positive profit forecast announcement. According to non-IFRS, for the six months ended June 30, 2024, Meitu The company's adjusted net profit attributable to owners is expected to increase by no less than 80% compared to the same period last year. The announcement shows that Meitu’s imaging and design product business revenue, which is mainly based on membership subscription model, continues to grow rapidly, which is the main reason for the profit growth.

Meitu Company stated that the growth of this business revenue is mainly due to the generative AI technology which improves product power and continues to drive user payment. In addition, Meitu’s imaging products

have outstanding global performance and are ranked among the best in app stores in many countries outside mainland China, driving the growth of both users and subscribers.

This site noticed that affected by the news, Meitu Inc.

’s stock price strengthened in early trading today. As of the early closing of Hong Kong stocks,

rose 9.73% to close at HK$2.48 per share.

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