MEITU (01357) Extends Gains Over 3% as Overseas Revenue from Three Core Products Achieves High Growth, Monthly Income Hits Record High

Deep News
Oct 28

MEITU (01357) continued its upward trend, rising over 3% to HK$9.18 at the time of writing, with a turnover of HK$236 million.

According to a research report from CITIC Securities, data from DianDian shows that in September, the combined revenue of MEITU Xiuxiu, MEITU Camera, and Wink grew 38% year-on-year and 1% month-on-month. Overseas revenue achieved strong growth, setting a new monthly record with a 56% year-on-year increase and a 9% month-on-month rise. Domestic revenue also increased by 29% year-on-year.

Additionally, DianDian data reveals that in Q3, the global combined revenue of MEITU Xiuxiu, MEITU Camera, and Wink surged 39% year-on-year and 2% month-on-month. Overseas revenue climbed 45% year-on-year and 14% month-on-month, while domestic revenue rose 37% year-on-year.

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