美图公司(1357.HK):业绩加速增长 AI持续推动全球化和生产力战略

中信建投证券
24 Jul

核心观点2025 年上半年业绩超预期增长。业绩高增验证AI 正在有效驱动付费率加速增长;另一方面,据点点数据,AI 正驱动海外下载量高增。后续关注:1)Q4 海外节假旺季,关注C 端围绕节日的AI 娱乐功能,有望进一步推动海外下载量增长;2)B 端与阿里合作落地进展。公司的影像与设计AI Agent RoboNeo 近期进入了面向C 端用户的测试阶段。从我们的测评看,该产品既是对标C 端的美图秀秀...

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