On September 4, MEITU rose 5.24% in regular trading, trading at HK$4.97/share, with turnover of approximately HK$76.27 million. The stock continued its post-earnings rally, buoyed by strong interim results and sustained broker endorsements.
On the news front, Guohai Securities reiterated a Buy rating on September 2, highlighting the robust momentum in AI productivity applications. The company reported H1 total revenue of RMB 22.1 billion, up 22.1% year-over-year, with adjusted net profit reaching RMB 6.5 billion, a 39.5% increase. AI productivity app ARR rose 47.8% to approximately RMB 6.2 billion, with user AI computing credit consumption growing over 46% quarter-over-quarter in both Q1 and Q2, yielding a cumulative half-year increase of roughly 113%. Imaging and design product revenue, accounting for about 80% of total revenue, climbed 30.9% to RMB 17.7 billion, while paid subscribers exceeded 18.44 million. Multiple brokerages including Citi, Goldman Sachs, UBS, and Bank of America have maintained Buy ratings, with target prices ranging from HK$7.0 to HK$12.3, citing undervalued AI-driven upside and expanding overseas monetization potential.
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