Summary by Moomoo AI
Meitu Company (the 'Company') announced its interim performance for the six months ended June 30, 2024, achieving a net profit of approximately RMB 0.2728 billion, an increase of 80.3% year-on-year. Revenue increased by 28.6% to approximately RMB 1.62 billion year-on-year. Monthly active users reached 0.258 billion, an increase of 4.3% year-on-year. Significant investment in AI technology, the monthly active users of the Wink AI video editing application increased by approximately 99% year-on-year. The acquisition of ZCool.com was completed in the first half of 2024 and has been consolidated into the financial statements of the Group. The Company continues to invest in products and AI technology, and expects strong revenue growth to continue in the second half of the year.