Core Viewpoints - The company is expected to achieve better-than-expected performance growth in the first half of 2025, driven by AI's effective acceleration of the payment rate and significant growth in overseas downloads [1][2] - Key areas to monitor include the Q4 holiday season for C-end AI entertainment features and the progress of B-end collaboration with Alibaba [1] Company Product Development - The company's imaging and design AI Agent RoboNeo has recently entered the testing phase for C-end users, offering features that compete with Meitu and Wink for C-end and Meitu Design Studio for B-end [2] - The integration of AI into core products is anticipated to enhance payment rates and solidify the company's leading position in the market [2] Financial Projections - The adjusted net profit for the company is projected to be 825 million, 1.126 billion, and 1.463 billion yuan for 2025, 2026, and 2027 respectively, with year-on-year growth rates of 40.78%, 36.50%, and 29.91% [2] - The price-to-earnings ratio corresponding to the closing price on July 23, 2025, is expected to be 54.16, 39.68, and 30.54 times for the respective years [2]
美图公司(1357.HK)：业绩加速增长 AI持续推动全球化和生产力战略