HK-listed Meitu jumps on robust earnings outlook

Meitu

10/02/2025 03:13

** Shares of Meitu Inc  1357.HK , a Chinese online
advertising and internet value-added services provider, jump
10.9% to HK$4.80 
    ** Stock on track for the biggest one-day pct gains since
January 28, if the current trend holds
    ** Stock on course to snap three straight sessions of fall
    ** Meitu expects its 2024 net profit to rise 52%-60% y/y on
non-International Financial Reporting Standards basis, driven by
revenue growth in core businesses of photo, video, and design
products which are powered by Artificial Intelligence features 
    ** Co sees 2024 net profit to increase by 103%-116% y/y
according to International Financial Reporting Standards 
    ** Hang Seng Composite Index, which tracks IT firms
 .HSCIIT , rises 1.7%, Hang Seng Tech Index  .HSTECH  climbs
1.8% and Hang Seng Index  .HSI  adds 1.4%
    ** Meitu stock fell 17.5% last year
    
  

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))