1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. Meitu, Inc.
  6. News
  7. Summary
    1357   KYG5966D1051

MEITU, INC.

(1357)
  Report
Delayed Hong Kong Stock Exchange  -  03:10 2022-06-29 am EDT
1.040 HKD   -2.80%
04/01MEITU (01357.HK) : Founder and CEO Wu Xinhong increases his stake in the company, showing his confidence in the image SaaS and beauty industry SaaS businesses of the company
PU
03/30TRANSCRIPT : Meitu, Inc., 2021 Earnings Call, Mar 30, 2022
CI
03/30Meitu, Inc. Reports Earnings Results for the Full Year Ended December 31, 2021
CI
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Meitu (01357.HK): Founder and CEO Wu Xinhong increases his stake in the company, showing his confidence in the image SaaS and beauty industry SaaS businesses of the company

04/01/2022 EDT

On the evening of April 1st, Meitu (01357.HK) issued an announcement announcing that Wu Xinhong, the Founder, CEO and Executive Director of Meitu, purchased 1 million shares of the Company on the open market of The Stock Exchange of Hong Kong Limited on April 1st, 2022 at an average of approximately HK$0.9661 per share.

According to the announcement, Meitu's revenue and adjusted net profit in 2021 has increased significantly compared with 2020, mainly driven by the strong growth of its VIP subscription services and image SaaS businesses, which has become the second largest revenue contributor for the company. As the company is expanding its businesses to satisfy imaging requirements in work scenarios, it is believed that they will be of great help to the company's sustainable development in the future. ...

In addition, the beauty industry SaaS service the company has been actively arranging also shows great potential in infusing new growth vitality for the company. Given the above, Mr. Wu Xinhong's increase of his shareholding in the company shows the management's confidence in the development of the company.

According to the 2021 annual results released on March 30th, during the reported period, Meitu's revenue increased by 39.5% year-over-year to RMB 1.666 billion, and its gross profit increased by 41.7% year-over-year to RMB 1.125 billion. The adjusted net profit attributable to the owners of the company grew by 39.7% year-over-year to RMB 85.1 million during the period, achieving full-year profitability in terms of adjusted net profit for the second consecutive year. It is worth noting that the revenue of VIP subscriptions and image SaaS-related services significantly increased by 146.9% year-over-year to RMB 519.5 million, with a revenue share close to that of online advertising revenue, and is expected to become Meitu's largest revenue contributor in the future.

Disclaimer

Meitu Inc. published this content on 01 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 April 2022 05:42:07 UTC.


© Publicnow 2022
All news about MEITU, INC.
04/01MEITU (01357.HK) : Founder and CEO Wu Xinhong increases his stake in the company, showing ..
PU
03/30TRANSCRIPT : Meitu, Inc., 2021 Earnings Call, Mar 30, 2022
CI
03/30Meitu, Inc. Reports Earnings Results for the Full Year Ended December 31, 2021
CI
03/30MEITU RELEASE ANNUAL RESULTS OF 2021 : Revenue in 2021 was RMB1.666 billion, VIP subscript..
PU
03/05MEITU : releases 6 new products during its Image Festival and announces that its premium s..
PU
01/06INCE completes $700 million VC fundraising amid China tech crackdown
RE
2021MEITU : Denies Connection With Sanctioned Website in China
MT
2021TRANSCRIPT : Meitu, Inc., H1 2021 Earnings Call, Aug 25, 2021
CI
2021Meitu, Inc. Reports Earnings Results for the Half Year Ended June 30, 2021
CI
2021MEITU : releases its 2021 interim results, which show a total revenue of RMB806 million, w..
PU
More news
Financials
Sales 2021 1 666 M 248 M 248 M
Net income 2021 -44,5 M -6,64 M -6,64 M
Net cash 2021 1 180 M 176 M 176 M
P/E ratio 2021 -123x
Yield 2021 -
Capitalization 4 035 M 602 M 602 M
EV / Sales 2020 2,71x
EV / Sales 2021 2,59x
Nbr of Employees 2 090
Free-Float 49,3%
Chart MEITU, INC.
Duration : Period :
Meitu, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MEITU, INC.
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Managers and Directors
Xin Hong Wu Chief Executive Officer & Executive Director
King Leung Ngan Chief Financial Officer & Secretary
Wen Sheng Cai Chairman
Yongli Ruan Senior Vice President of Technology
Xiujuan Wang Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
MEITU, INC.-30.97%602
FOCUS MEDIA INFORMATION TECHNOLOGY CO., LTD.-19.41%14 211
OMNICOM GROUP., INC.-11.63%13 097
PUBLICIS GROUPE SA-20.51%12 554
WPP PLC-25.97%10 973
THE INTERPUBLIC GROUP OF COMPANIES, INC.-26.62%10 818