Movement Alert｜MEITU falls 5.22% in Regular Trading, recent buybacks fail to offset pressure on the stock

Market Focus10-15

On October 15, MEITU fell 5.22% in Regular Trading, trading at HK$3.54, with turnover of HK$48.32 million.

A recent market update directly noted that the stock remained under pressure despite buybacks, citing the company’s October 13 repurchase of 2.69 million shares for about HK$9.96 million and its October 8 repurchase of 2.75 million shares for about HK$9.89 million.

The broader backdrop has been fundamentally supportive rather than weak: first-half revenue reached RMB2.213 billion, adjusted net profit was RMB652 million, up 39.5% year over year, and the company’s AI applications recently showed improving rankings and traffic. Even so, the latest trading suggests these positive developments and ongoing capital management actions have not been enough to prevent the current decline.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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