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MEITU Soars 5%+ Post-Results; Rev. Growth Expected to Peak in 2H26
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MEITU (01357.HK) logging a 112.8% YoY surge in its 2024 net profit to RMB805 million and a final dividend of HK5.52 cents stimulated its stock price today (19th). After opening 0.64% higher, it climbed to a peak of $6.65. It last traded at $6.61, up 5.42%, on a volume of 102 million shares, involving $655 million. Regarding future revenue guidance, Gary Ngan, MEITU's CFO and Company Secretary, estimated that the rapid growth momentum would not change, but this year would not be the company's biggest breakout year as the largest productivity income dividends come from overseas productivity tools. Given that this market only began to take shape at the end of 2024, Ngan predicted the breakout would be more likely to occur in 2H26. AAStocks Financial News |
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