Stock Track | MEITU Plummets 5.16% Intraday as Profit-Taking Emerges After 30%+ Rally on Strong Q1 Results

Stock Track05-14 15:01

MEITU's stock declined 5.16% during intraday trading on Thursday, as the share price experienced a technical correction following a significant recent advance.

The pullback is attributed to short-term profit-taking pressure, which emerged after the stock had accumulated gains of over 30% across the prior four trading sessions. This previous rally was fueled by the company's robust first-quarter operational data, which showed strong growth across key metrics.

Meitu's core imaging and design product revenue grew 34.3% year-over-year, while paid subscription users surpassed 17.9 million, marking a 30.2% increase. Additionally, the annual recurring revenue for its AI productivity applications reached 580 million RMB, representing a 56.2% year-over-year growth.

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