MEITU (01357) is currently up nearly 5%, as of the time of writing, up 4.64%, priced at 3.16 Hong Kong dollars, with a transaction volume of 56.7753 million Hong Kong dollars.
According to Zhicheng Finance APP, MEITU (01357) is currently up nearly 5%, as of the time of writing, up 4.64%, priced at 3.16 Hong Kong dollars, with a transaction volume of 56.7753 million Hong Kong dollars.
On the news front, early in the morning on December 10, OpenAI announced the official launch of its video generation model Sora to the public. It is reported that MEITU had previously showcased three generative AI-driven products: MEITU Design Studio (DesignKit), Kaipai (Action), and MOKI. Morgan Stanley expects the flagship product MEITU Design Studio to contribute about 0.2 billion yuan in domestic revenue in 2024, double that of 2023; this product has a gross margin of 60%-70%, with demand exceeding expectations.
In addition, MEITU cashed out approximately 1.3 billion yuan in Cryptos and made a profit of about 0.571 billion yuan. The company plans to distribute about 80% of the net proceeds as special dividends, with the remainder used to expand its Business, focusing on subscription-based imaging and design products. Morgan Stanley pointed out that MEITU's stock price has long diverged from its fundamental value due to its holdings in Cryptos, and long-term value investors have questioned MEITU's operational focus. The sale of all Cryptos for Shareholder returns and Business development marks a significant improvement in the company's management.