Meitu (HKG:1357) expects its net profit attributable to the owners for the six months ended June 30 to be at least 80% higher than the year-ago period, a Wednesday filing with the Hong Kong Exchange said.
The company attributed the increased profits to its use of generative AI and the rapid globalization of its products.
Shares of the Chinese technology company rose nearly 7% in recent trade.
Price (HKD): $2.41, Change: $+0.15, Percent Change: +6.64%
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