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]
美图公司：预计2025年度经调整归母净利润同比增长约60％至66％