Summary by Moomoo AI
On July 24, 2024, Meitu Company ("the Company") released internal news announcing that positive profits were expected for the six-month period ending on June 30, 2024. Preliminary evaluation shows that the Company's share of adjusted net profit attributable to owners during this period is expected to increase by no less than 80%, and if non-cash and non-operating items are included, the expected growth is no less than 30%. This growth is mainly due to the image and design product business of the member subscription model, as well as the improvement of generative AI technology and global development strategy. The Board of Directors indicated that these indicators are more indicative of the Company's operational performance. The Company emphasizes that these preliminary data have not been reviewed by auditors or audit committees, and the final mid-term performance may differ and will be announced in August 2024. Shareholders and potential investors should exercise caution.