Core Viewpoint - Bank of America Securities reports that Meitu Inc. (01357) expects its adjusted net profit for the previous year to grow by 60% to 66%, reaching between 938 million to 973 million RMB, with a median growth of 63% to 955 million RMB, slightly exceeding market expectations and Bank of America's forecast by 1% [1] Group 1 - The growth is primarily driven by two factors: rapid growth in product revenue and operational leverage effects [1] - Bank of America maintains a "Buy" rating on Meitu, with a target price of 11.3 HKD [1]

每经AI快讯，美图公司(01357.HK)高开近6%，截至发稿涨5.77%，报6.6港元，成交额521.73万港元。 ...

Core Viewpoint - Meitu Inc. anticipates a significant increase in adjusted net profit attributable to equity holders for the fiscal year 2025, projecting a year-on-year growth of approximately 60% to 66% driven by rapid revenue growth in its imaging and design products [4]. Group 1 - Meitu's stock opened nearly 6% higher and is currently up 4.17%, trading at HKD 6.50 with a transaction volume of HKD 111 million [1]. - The substantial improvement in Meitu's profitability is primarily attributed to the rapid growth in revenue from its core imaging and design business [4]. - The increase in revenue is mainly driven by a significant rise in the number of global paid subscription users, with growth in international markets outpacing that in mainland China [4]. Group 2 - The board believes that the adjusted net profit attributable to equity holders better reflects the company's core operational performance [4].

美图公司（01357）发布公告，截至2025年12月31日止年度（本年度）集团的经调整归属母公司权益持 有人净利润较截至2024年12月31日止年度可能实现60%至66%的同比增长。 该盈利能力的显著提升，主要得益于集团主营业务"影像与设计产品"收入实现快速增长，而该增长主要 由全球付费订阅用户数的快速增加驱动。其中，来自国际市场的付费订阅用户增速亦高于中国内地市 场，印证了集团全球化战略的有效性。在收入增长的推动下，毛利增速超过营运开支增幅，由此产生的 经营杠杆效应使集团盈利能力的提升幅度超过毛利增长。 经调整归属母公司权益持有人净利润剔除若干非现金及非运营项目（如股权激励、集团长期投资的公允 价值变动等），因此董事会认为其更能反映集团核心经营表现。 该盈利能力的显著提升，主要得益于集团主营业务"影像与设计产品"收入实现快速增长，而该增长主要 由全球付费订阅用户数的快速增加驱动。其中，来自国际市场的付费订阅用户增速亦高于中国内地市 场，印证了集团全球化战略的有效性。在收入增长的推动下，毛利增速超过营运开支增幅，由此产生的 经营杠杆效应使集团盈利能力的提升幅度超过毛利增长。 责任编辑：卢昱君 经调整归属母公司 ...

Core Viewpoint - Meitu Company expects a significant increase in adjusted net profit attributable to equity holders for the fiscal year 2025, projecting a year-on-year growth of approximately 60% to 66% [1] Group 1: Financial Performance - The increase in profitability is primarily driven by rapid growth in revenue from the core imaging and design products, fueled by a substantial rise in global paid subscription users [1] - The growth rate of paid subscription users in international markets exceeds that of the domestic market in China [1] - The growth in revenue has led to a gross profit increase that outpaces the growth in operating expenses, resulting in an operating leverage effect that enhances profitability beyond gross profit growth [1] Group 2: Adjusted vs. IFRS Profit - According to International Financial Reporting Standards (IFRS), the company anticipates a decline of no more than 30% in net profit attributable to equity holders compared to the previous year [1] - This decline is attributed to a high base effect from a one-time net gain of approximately 640 million yuan from the sale of all cryptocurrencies in 2024 [1] - Additionally, a one-time non-cash expense of about 512 million yuan is expected in 2025 due to the issuance of convertible bonds to Alibaba, which will be recognized based on the fair value exceeding the principal amount [1][2] Group 3: Upcoming Events - Meitu Company is scheduled to release its full-year results for 2025 on March 27 [3]

Core Viewpoint - Meitu Company (01357) expects a significant increase in adjusted net profit attributable to equity holders for the fiscal year ending December 31, 2025, projecting a year-on-year growth of 60% to 66% compared to the fiscal year ending December 31, 2024 [1] Group 1: Financial Performance - The substantial improvement in profitability is primarily driven by rapid revenue growth in the company's main business segment, "Image and Design Products," which is fueled by a significant increase in global paid subscription users [1] - The growth rate of paid subscription users in international markets has outpaced that in mainland China, validating the effectiveness of the company's globalization strategy [1] - Revenue growth has led to a gross profit increase that exceeds the growth rate of operating expenses, resulting in an operating leverage effect that enhances the company's profitability beyond gross profit growth [1] Group 2: Adjusted Profit Metrics - The adjusted net profit attributable to equity holders excludes certain non-cash and non-operating items (such as share-based compensation and fair value changes of long-term investments), allowing the board to believe it better reflects the core operational performance of the company [1]

经调整归属母公司权益持有人净利润剔除若干非现金及非运营项目(如股权激励、集团长期投资的公允 价值变动等)，因此董事会认为其更能反映集团核心经营表现。 在考虑所有非现金及非运营项目后，按国际财务报告准则，预期2025年度归属母公司权益持有人净利润 较去年同期下降不超过 30%。该下降主要由于：(i)去年同期因售出全部加密货币而获得约人民币 6.40 亿元的一笔一次性净收益，导致去年同期基数较高；及(ii)2025年度因完成向阿里巴巴集团发行可转股 债券而产生约人民币 5.12 亿元的一笔一次性、非现金开支。根据国际财务报告准则第 2 号，该项开支 按可转股债券於交割日期的公允价值超出其本金 2.5 亿美元部分予以确认。以上两项均为非运营项目， 与集团主营业务「影像与设计产品」无关。 来源：格隆汇APP 格隆汇2月8日丨美图公司(01357.HK)公布，按非国际财务报告准则，截至2025年12月31日止年度集团的 经调整归属母公司权益持有人净利润较去年同期可能实现60%至66%的同比增长。 该盈利能力的显著提升，主要得益于集团主营业务「影像与设计产品」收入实现快速增长，而该增长主 要由全球付费订阅用户数的快速增加 ...

Group 1 - The core viewpoint of the article is that Meitu Inc. announced a projected net profit growth of 60% to 66% for the fiscal year 2025 compared to the year ending December 31, 2024, based on non-International Financial Reporting Standards [1] Group 2 - The announcement was made through a notice on the Hong Kong Stock Exchange [1] - The projected growth indicates a strong financial outlook for the company in the upcoming fiscal year [1] - The growth is specifically related to the adjusted net profit attributable to equity holders of the parent company [1]

Group 1 - The core viewpoint of the news is that Meitu Inc. (01357.HK) expects a significant increase in adjusted net profit attributable to equity holders for the year ending December 31, 2025, with a projected growth of 60% to 66% year-on-year, driven by rapid revenue growth in its main business of "image and design products" [1][3] - The growth in revenue is primarily attributed to a rapid increase in the number of global paid subscription users, with international market growth outpacing that of the domestic market in China, validating the effectiveness of the company's globalization strategy [1] - The increase in profitability is further supported by a higher growth rate in gross profit compared to operating expenses, resulting in an operational leverage effect that enhances the overall profitability beyond gross profit growth [1] Group 2 - In contrast, when considering all non-cash and non-operating items under International Financial Reporting Standards (IFRS), the company anticipates a decline of no more than 30% in net profit attributable to equity holders for the fiscal year 2025, primarily due to a high base effect from a one-time net gain of approximately RMB 640 million from the sale of cryptocurrency in the previous year [2] - Additionally, the expected decline is influenced by a one-time, non-cash expense of approximately RMB 512 million related to the issuance of convertible bonds to Alibaba Group, which is recognized under IFRS as the fair value exceeding the principal amount at the delivery date [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性 亦不發表任何聲明，並明確表示概不會就因本公告全部或任何部分內容而產生或因依賴該等內容而引致 的任何損失承擔任何責任。 Meitu,Inc. 美图公司 經調整歸屬母公司權益持有人淨利潤剔除若干非現金及非運營項目（如股權激勵、本 集團長期投資的公允價值變動等），因此董事會認為其更能反映本集團核心經營表 現。 在考慮所有非現金及非運營項目後，按國際財務報告準則，預期本年度歸屬母公司權 益持有人淨利潤較去年同期下降不超過 30%。該下降主要由於：（i）去年同期因售出 全部加密貨幣而獲得約人民幣 6.40 億元的一筆一次性淨收益，導致去年同期基數較高； 及（ii）本年度因完成向阿里巴巴集團發行可轉股債券而產生約人民幣 5.12 億元的一 筆一次性、非現金開支。根據國際財務報告準則第 2 號，該項開支按可轉股債券於交 割日期的公允價值超出其本金 2.5 億美元部分予以確認。以上兩項均為非運營項目， 與本集團主營業務「影像與設計產品」無關。 1 一個業內用於計量本集團經營表現的慣常指標。有關更詳細的定義，請參閱本公司 2025 年的 ...