Movement Alert|MEITU Rises 5.28% in Regular Trading, AI Product Matrix Growth and Buybacks Boost Confidence

Market Focus
Yesterday

On October 9, MEITU rose 5.28% in regular trading, trading at 3.79 HKD/share, with Turnover of 156 million HKD.

On the news front, the company's flagship app Meitu Xiuxiu led the weekly rankings of domestic AI applications, with Meitu Design Studio and WHEE also making the list, drawing market attention to the growth momentum of its AI product matrix. Additionally, MEITU repurchased 2.75 million shares on October 8 for approximately 9.89 million HKD, underscoring continued shareholder return efforts. Earlier, mid-year results showed revenue of 2.213 billion yuan, up 22.1% year-over-year, with adjusted net profit up 39.5%, and paid subscribers exceeding 18.44 million.

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