MEITU released its 2023 annual performance report, with a net profit attributable to shareholders of 378 million yuan, a year-on-year increase of 301.8%. The final dividend is 0.036 Hong Kong dollars per share.
MEITU has released its 2023 annual performance report, with revenue of approximately 2.6957 billion yuan, a year-on-year growth of about 29.3%. The net profit attributable to the equity holders of the parent company reached 378 million yuan, an increase of 301.8% year-on-year. The basic earnings per share were 0.09 yuan, with a proposed final dividend of 0.036 Hong Kong dollars per share. In addition, the company's monthly active users reached around 250 million, a year-on-year increase of 2.6%. The number of paid subscription users also saw a significant growth of 62.3%. The company plans to launch more generative AI functions for image and video usage scenarios in 2024, and is excited about the strategic opportunities of collaborating with Zcool.
Zhitong App reports that MEITU (01357) has released its annual performance for the year ending December 31, 2023. The revenue is approximately RMB 26.957 billion, a year-on-year increase of about 29.3%. The profit attributable to the owners of the parent company is RMB 3.78 billion, a year-on-year growth of 301.8%. The basic earnings per share is RMB 0.09, with a proposed final dividend of HKD 0.036 per share.
The company's annual performance for 2023 is very strong, with a net profit attributable to the owners of the parent company of approximately RMB 3.7 billion after adjustments, a year-on-year increase of 233.2%. This indicator can truly reflect the growth momentum and profitability of the company's core business, as it excludes the impact of non-operating projects such as the reversion of impairment losses on cryptocurrency, fair value changes in long-term investments, and impairment losses on intangible assets.
As of December 31, 2023, the monthly active users (MAU) reached approximately 250 million, a year-on-year increase of 2.6%, showing steady growth. Among them, the user growth from the company's productivity applications is significant, with a year-on-year increase of 74.3% to about 17.7 million. The number of paid subscription users as of December 31, 2023, is 9.11 million, a significant year-on-year increase of 62.3%.
MEITU is an AI company. About 83% of the hundreds of millions of images and videos processed by users every day involve general AI functions. In 2023, the company focused on investing in AI technology research and is expected to launch more generative AI functions for image and video scenarios in 2024.
Furthermore, the company is very excited about the strategic opportunities in cooperation with Zcool, the largest online community for visual designers in mainland China. They will jointly enhance the market influence of visual designers on the Zcool community and build an ecosystem around generative AI. The company hopes that this ecosystem can help designers achieve more professional growth and financial benefits.