Bank of America Securities: Meitu (01357) Paying Users Continue to Grow and Maintain a “Buy” Rating

The Zhitong Finance App learned that Bank of America Securities released a research report saying that Meitu (01357)'s main business “imaging and design products” revenue in the first half of the year is expected to increase by 30.9% year on year. The performance is steady, driving adjusted net profit up 36% to 40% year on year under non-international financial reporting standards, and is expected to reach the target of 1.35 billion yuan for the 2026 fiscal year. The bank maintains a “buy” rating. It is expected that the growth of paying users and operating leverage will continue to drive business fundamentals. In addition, the current price valuation is not expensive, and the target price is HK$74.