Core Viewpoint - Meitu Inc. anticipates a significant increase in adjusted net profit attributable to equity holders for the fiscal year 2025, driven by rapid growth in its imaging and design product revenues, particularly from international subscription users [1][2]. Financial Performance - The company expects an adjusted net profit growth of approximately 60% to 66% year-on-year for 2025 [1]. - 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 mainland China [1]. - The gross profit growth is expected to exceed the increase in operating expenses, resulting in a positive operating leverage effect that enhances profitability beyond gross profit growth [1]. IFRS Reporting - According to International Financial Reporting Standards (IFRS), the company projects a decline of no more than 30% in net profit attributable to equity holders compared to the previous year [3]. - This decline is influenced by a high base from a one-time net gain of approximately 640 million yuan from the sale of all cryptocurrencies in 2024 and a one-time, non-cash expense of about 512 million yuan related to convertible bonds issued to Alibaba in 2025 [3]. - Both of these items are classified as non-operating and are not related to the core imaging and design business, leading the board to believe that adjusted net profit better reflects the company's core operational performance [3]. Upcoming Events - Meitu Inc. is scheduled to release its full-year results for 2025 on March 27 [4].
美图公司发布业绩预告：2025年度归母净利润同比增长约60%至66%