On June 18, Meitu Company (01357.HK) fell 5.54% in regular trading, trading at HKD 4.42 per share, with turnover of approximately HKD 114 million. The decline comes one day after the company held its Imaging Festival on June 17, where it unveiled 8 AI products including four new launches — Picchi, Artflo, MVLAND, and MeituHub — and upgrades to four existing products covering design, portrait retouching, and AI video production.

The stock had risen 5.27% on June 11 in anticipation of the event. UBS maintained its Buy rating on June 16 with a target price of HKD 8.4, citing 40% year-over-year growth in total app revenue for May. JPMorgan had also increased its position by approximately 27.7 million shares in late May. Despite positive analyst sentiment, the stock appears to be retracing gains accumulated ahead of the product launch catalyst.

Meitu Company provides imaging products and services, with AI applications including Meitu, BeautyCam, Wink, and Meitu Design Studio. The company is transitioning from a subscription model toward AI compute-credit consumption, aiming to deliver finished results rather than tools.

(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.)