格隆汇2月16日丨美图公司(01357.HK)公告，2月16日耗资2001.5万港元回购321.7万股。 美图公司(01357.HK)2月16日耗资2001.5万港元回购321.7万股 美图公司(01357.HK)预计2025年度经调整 纯利同比增长60%-66% 主营业务影像与设计产品收入实现快速增长 相关事件 ...

Core Viewpoint - Meitu Inc. anticipates a significant increase in its net profit attributable to equity holders for the fiscal year 2025, projecting a year-on-year growth of approximately 60% to 66% based on non-International Financial Reporting Standards [1] Group 1: Financial Performance - The expected growth in net profit is primarily driven by a rapid increase in revenue from the core imaging and design products [1] - The growth in revenue is supported by a substantial rise in the number of global paid subscription users, with international market growth outpacing that of the domestic market [1] - Gross profit is expected to grow at a rate exceeding that of operating expenses, indicating the realization of operational leverage [1]

Summary of Meitu Company Conference Call Company Overview - **Company**: Meitu Company - **Industry**: Technology and Software, focusing on imaging and design products Key Points - **Projected Profit Growth**: Meitu expects adjusted net profit attributable to shareholders to grow by 60%-66% in 2025, compared to 59% in 2024 [1][2] - **Revenue Drivers**: The rapid growth in revenue is primarily driven by an increase in global paid subscription users, with international market growth outpacing that of the domestic Chinese market [1][2] - **Operating Leverage**: The company demonstrates operational leverage, with gross profit growth exceeding the increase in operating expenses [2][3] - **Profit Forecast**: For 2025, the adjusted net profit is projected to be between 938 million to 973 million CNY, with the second half of 2025 expected to generate 470 million to 506 million CNY, slightly higher than the first half [3] - **Impact of Large Models**: The influence of large models on Meitu is minimal due to the company's extensive technical reserves and strong operational capabilities. The launch of Nano Banana in August and the Pro version in November has not hindered application data growth [3] - **Consumer and Business Segments**: - In the consumer segment (toC), photo editing remains a core function, with the efficiency and effectiveness of large model interactions being inferior to Meitu's visual editing tools [3] - In the business segment (toB), Meitu has optimized productivity for niche e-commerce scenarios [4] - **Future Outlook**: The company remains optimistic about paid user growth, with strong product capabilities and minimal impact from large models. The domestic toC market is stable, while overseas toC is beginning to gain traction, and overseas toB presents additional opportunities [4] - **Valuation**: The projected PE ratio for 2026 is 19x, indicating that the stock has returned to historical low levels, suggesting potential investment interest [4] Additional Insights - **Market Trends**: The need for strong operational capabilities to track aesthetic and fashion trends is highlighted, indicating that large models still have gaps to fill in this area [3][4] - **Strategic Positioning**: Meitu's focus on both consumer and business segments positions it well to capitalize on growth opportunities in both domestic and international markets [4]

Core Viewpoint - Meitu Company reported a significant increase in adjusted net profit for the fiscal year 2025, driven by rapid growth in revenue from its imaging and design products, particularly from the increase in global paid subscription users [2] Financial Performance - For the fiscal year 2025, adjusted net profit attributable to equity holders of the parent company is expected to grow by approximately 60% to 66% year-on-year [2] - In 2024, Meitu's total revenue reached 3.34 billion yuan, representing a year-on-year growth of 23.9%, with adjusted net profit of 586 million yuan, up 59.2% [2] Market Dynamics - The growth in paid subscription users is primarily driven by international markets, which are outpacing the growth in the domestic Chinese market [2] One-time Events Impact - According to International Financial Reporting Standards, the net profit attributable to equity holders of the parent company is expected to decline by no more than 30% compared to the previous year due to a high base effect from a one-time net gain of approximately 640 million yuan from cryptocurrency sales in 2024 and a one-time non-cash expense of about 512 million yuan from issuing convertible bonds to Alibaba in 2025 [2] - The company emphasized that these two items are one-time, non-operational events and do not reflect the core business performance [2] Upcoming Announcements - Meitu is scheduled to release its full-year results for 2025 on March 27 [2]

以上两项均为非运营项目，与公司主营业务影像与设计产品无关。董事会认为，经调整归属母公司权益 持有人净利润，更能反映公司核心经营表现。 晨报记者 白若雪 通讯员 阮晓宇 美图公司将于3月27日发布2025全年业绩。 2月8日，美图公司（1357.HK）发布自愿性公告披露最新财务业绩状况。根据本集团的初步评估，按非 国际财务报告准则，预期美图公司2025年度经调整归属母公司权益持有人净利润同比增长约60%至 66%。 公告还披露，按国际财务报告准则，预期2025年归属母公司权益持有人净利润较去年同期下降不超过 30%，其一是由于2024年美图公司售出全部加密货币获得约6.4亿元的一次性净收益，导致基数较高， 其二是由于2025年美图公司完成向阿里巴巴发行可转股债券，产生约5.12亿元的一笔一次性、非现金开 支（根据国际财务报告准则第2号，该项开支按可转股债券于交割日期的公允价值超出其本金2.5亿美元 部分予以确认）。 美图公司盈利能力的显著提升，主要得益于主营业务影像与设计产品收入实现快速增长，这一增长主要 由全球付费订阅用户数的快速增加驱动。其中，来自国际市场的付费订阅用户增速高于中国内地市场。 在收入增长的推 ...

美图公司(01357)高开近6%，截至发稿，涨5.77%，报6.6港元，成交额521.73万港元。 消息面上，2月8日，美图公司发布公告称，根据集团的初步评估，按非国际财务报告准则，预期美图公 司2025年度经调整归属母公司权益持有人净利润同比增长约60%至66%。美图公司盈利能力的显著提 升，主要得益于主营业务影像与设计产品收入实现快速增长，这一增长主要由全球付费订阅用户数的快 速增加驱动。其中，来自国际市场的付费订阅用户增速高于中国内地市场。董事会认为，经调整归属母 公司权益持有人净利润，更能反映公司核心经营表现。 ...

2月8日，高盛发布报告首次覆盖美图，给予"买入"评级，12个月目标价16港元。高盛认为，美图产品正 从美颜工具升级为AI图像视频生成及编辑应用，市场从消费娱乐领域拓展至生产力工具领域，推动月 活、付费率及ARPU的增长。高盛在报告中强调，市场担心大模型可能会吞噬应用，但最终选择权在用 户，长期来看，人类创造力加生成式AI的效率可能是最佳选择。 新浪科技讯 2月9日上午消息，2月8日，美图公司发布公告披露最新财务业绩状况，按非国际财务报告 准则，2025年度经调整后归属于母公司权益持有人净利润同比增长约60%至66%。 新浪科技讯 2月9日上午消息，2月8日，美图公司发布公告披露最新财务业绩状况，按非国际财务报告 准则，2025年度经调整后归属于母公司权益持有人净利润同比增长约60%至66%。 美图公司表示，盈利能力的显著提升，主要得益于主营业务影像与设计产品收入实现快速增长，这一增 长主要由全球付费订阅用户数的快速增加驱动。其中，来自国际市场的付费订阅用户增速高于中国内地 市场。 美图公司表示，盈利能力的显著提升，主要得益于主营业务影像与设计产品收入实现快速增长，这一增 长主要由全球付费订阅用户数的快速增加驱 ...

Market Overview - The Hang Seng Index closed down 325 points, a weekly decline of 827 points, marking a 3.02% drop [3][4] - The index opened lower by 530 points, reaching a low of 26,295 points before stabilizing [3] - The total market turnover for the day was 247.865 billion HKD, with a net inflow of 14.859 billion HKD from northbound trading [3] Company News - **Xinda Biopharmaceuticals** entered a strategic partnership with Eli Lilly to advance global research and development of innovative drugs in oncology and immunology, receiving an upfront payment of 350 million USD (approximately 2.73 billion HKD) [12] - **Meitu Inc.** expects adjusted net profit growth of 60% to 66% for the fiscal year ending December 2025, driven by rapid growth in its imaging and design products segment [13] - **Jiaxin International** anticipates a turnaround with a net profit of approximately 300 to 340 million HKD for the year ending last December, compared to a loss of 173 million HKD in the previous year [14] - **Color Star Technology** expects a net loss of 15 million HKD for the year ending last December, a reversal from a net profit of 132 million HKD in 2024, primarily due to a 45% decrease in revenue [15] Economic Indicators - Hong Kong's official foreign exchange reserves increased by 7.7 billion USD to 435.6 billion USD at the end of January, equivalent to over five times the currency in circulation [8] - China's foreign exchange reserves rose for the sixth consecutive month, reaching 3.399 trillion USD, with gold reserves increasing for 15 months [10]

转自：台海网 台海网2月9日讯（记者 钟榕华） 美图公司（1357.HK）昨日披露2025年度业绩预测，预计去年经调整 归属母公司权益持有人净利润同比增长约60%至66%。美图表示，盈利大幅增长主要得益于影像与设计 产品主营业务的快速增长，而这主要缘于全球付费订阅用户数的快速增加，其中来自国际市场的付费订 阅用户增速已超越中国内地市场。 值得一提的是，美图预计2025年归属母公司权益持有人净利润较去年同期下降不超过30%。这一差异主 要源于两项非运营性、一次性项目的影响：一是，2024年公司因出售全部加密货币获得约6.4亿元一次 性净收益；二是，2025年公司完成向阿里巴巴发行可转股债券，产生约5.12亿元的一次性非现金会计开 支。 美图预计于3月27日公布全年正式业绩。 （来源：台海网） ...

客户端 美图公司（01357）盘初高开近6%，截至发稿，股价上涨4.17%，现报6.50港元，成交额1.11亿港元。 2月8日，美图公司发布公告称，根据集团的初步评估，按非国际财务报告准则，预期美图公司2025年度 经调整归属母公司权益持有人净利润同比增长约60%至66%。美图公司盈利能力的显著提升，主要得益 于主营业务影像与设计产品收入实现快速增长，这一增长主要由全球付费订阅用户数的快速增加驱动。 其中，来自国际市场的付费订阅用户增速高于中国内地市场。董事会认为，经调整归属母公司权益持有 人净利润，更能反映公司核心经营表现。 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 2月8日，美图公司发布公告称，根据集团的初步评估，按非国际财务报告准则，预期美图公司2025年度 经调整归属母公司权益持有人净利润同比增长约60%至66%。美图公司盈利能力的显著提升，主要得益 于主营业务影像与设计产品收入实现快速增长，这一增长主要由全球付费订阅用户数的快速增加驱动。 其中，来自国际市场的付费订阅用户增速高于中国内地市场。董事会认为，经调整归属母公司权益持有 人净利润，更能反映公司核心经营表现。 责任编辑 ...