On June 2, Meitu Inc rose 6% in regular trading, trading at HKD 5.83/share, with trading volume of approximately HKD 848 million, extending the previous session's 26% rally.

On the news front, according to a UBS tracking report, Meitu's total app revenue grew 45% year-over-year in April, with overseas total revenue surging 42% YoY and Wink's overseas revenue nearly doubling. Goldman Sachs maintains a \"Buy\" rating with a 12-month target price of HKD 14.30, citing AI model integration as a key driver for significantly improving productivity tool ARPU. The company previously disclosed AI productivity application ARR of approximately RMB 580 million, representing 56.2% YoY growth. Additionally, MSCI rebalancing-related passive selling pressure has fully dissipated following the index adjustment on May 29, providing technical support for the rebound. The broader AI application sector also rallied, with the global software sector experiencing a valuation recovery after US peers such as Snowflake and Okta reported strong earnings that disproved concerns about AI disrupting the software industry.

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