The Zhitong Finance App learned that Meitu (01357) rose more than 5%. As of press release, it had risen 4.93% to HK$3.19, with a turnover of HK$102 million.
According to the news, Meitu's previously released 2023 results showed that the company achieved operating revenue of 2.7 billion yuan last year, an increase of 29% over the previous year; achieved adjusted net profit of 368 million yuan, an increase of 233% over the previous year, close to the upper limit of the previous performance forecast range (333-370 million yuan). From the user side, as of December 31, 2023, the number of monthly active users of the company reached about 250 million, up 2.6% year on year; the number of productivity app users reached 17.7 million, up 74.3% year on year; and the number of paid subscription users was 9.11 million, a sharp increase of 62.3% year on year.
China Merchants Securities pointed out that since the company released various AI products in June 2023, the increase in payment rates has continued to accelerate. With the release of various productivity tool products, the company's application scenarios have gradually expanded from lifestyle and entertainment to productivity scenarios. Currently, domestic and foreign users continue to increase their awareness of paying for tool applications, and target users of productivity tools have stronger payment power and willingness to pay. At the same time, the company has been deeply involved in the retouching application market for many years, has high user stickiness, and is the first to launch large-scale models in the visual field to enable users to improve efficiency. The bank believes that the company is expected to open up more commercialization with the power of AIGC technology space.