美图2025年上半年净利润4.67亿元 同比增长71.3%

Group 1 - The core viewpoint of the articles highlights the strong financial performance of Meitu, with a total revenue of 1.8 billion yuan and a year-on-year growth of 12.3% for the first half of 2025 [1] - Adjusted net profit reached 467 million yuan, reflecting a significant year-on-year increase of 71.3% [1] - The imaging and design products contributed over 70% of total revenue, amounting to 1.35 billion yuan, with a year-on-year growth exceeding 45.2% [1] Group 2 - The company achieved a gross margin of 73.6% in the first half of 2025, supported by operational leverage effects [1] - The number of paid subscribers reached approximately 15.4 million, marking a historical high with a year-on-year growth of 42% [1] - The penetration rate of paid subscriptions stood at 5.5%, with the company disclosing 13.6 million and 1.8 million paid subscribers for lifestyle applications and productivity tools, respectively [1] Group 3 - Meitu has received "buy/hold" ratings from multiple international investment institutions due to high visibility in performance realization [2] - Analysts have raised the adjusted net profit forecasts for 2025 and 2026 by 15% and 20%, respectively, citing accelerated growth in paid subscribers and strong overseas market development [2]