高盛：美图-2025 年 TechNet 中国会议，首席财务官访谈：人工智能生产力工具成为新驱动力，看好付费率上升

We hosted Meitu (1357.HK, Not Covered) CFO on May 21 at our TechNet Conference China 2025. Key discussions were around productivity tools growth, AI foundation model, and product line-up. Overall, management is positive on the expansion of AI productivity tools to improve efficiency and generate high-quality content (images, talking head videos etc.) within seconds. The number of subscribers continues to grow, and management see significant upside in the paying ratio vs. overseas AI productivity software. D ...