Movement Alert｜MEITU rises 5.54% in Regular Trading, buybacks and AI product momentum support sentiment

Market Focus10-23

On October 23, MEITU rose 5.54% in Regular Trading, trading at HK$3.62, with turnover of HK$110 million.

The move coincided with continued share repurchases and fresh positive signals from the company’s AI application portfolio, which supported market sentiment.

Recent disclosures show MEITU repurchased 2.80 million shares on October 15 for about HK$9.88 million at HK$3.505 to HK$3.57 per share, following buybacks of 2.69 million shares on October 13 for about HK$9.96 million and 2.75 million shares on October 8 for about HK$9.89 million. On fundamentals, first-half revenue reached RMB2.213 billion, up 22.1%, while adjusted net profit rose 39.5% to RMB652 million. Separately, products including MeituXiuxiu, Meitu Design Studio and WHEE recently improved their rankings, reinforcing expectations for AI commercialization.

(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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