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Meitu Announces Impressive Financial Results in 2022

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According to reports, on March 30, Meitu announced on the Hong Kong Stock Exchange that its revenue in 2022 would be 2.0853 billion yuan, a year-on-year increase of 25.2%; The net

Meitu Announces Impressive Financial Results in 2022

According to reports, on March 30, Meitu announced on the Hong Kong Stock Exchange that its revenue in 2022 would be 2.0853 billion yuan, a year-on-year increase of 25.2%; The net profit attributable to the owner of the company was 94.1 million yuan, which was the first time to achieve a full year profit; The adjusted net profit attributable to the company’s owners was 110.5 million yuan, up 29.9% year-on-year; The proposed final dividend is HK $0.02 per share.

Meitu Company: In 2022, the company recognized an impairment loss of about 86.6 million yuan and 198 million yuan in Ethereum and Bitcoin

Meitu, one of the most popular Chinese app developers, has announced a significant increase in revenue and profit for the year 2022. On March 30, the company released its financial report on the Hong Kong Stock Exchange, revealing that its revenue skyrocketed to 2.0853 billion yuan, which represents a year-on-year increase of 25.2%. What’s more, the net profit attributable to the owner of the company was 94.1 million yuan. This marks the first time that Meitu has achieved a full-year profit, which is a significant milestone for the firm.

Meitu’s Financial Results in Detail

According to the report, Meitu’s adjusted net profit attributable to the company’s owners was 110.5 million yuan, up by almost 30% from the previous year. This increase can be attributed to the company’s efforts to diversify its revenue streams and improve its brand recognition in the industry. Furthermore, the firm’s impressive performance can be credited to the ever-increasing demand for its products and services in China and beyond.
In addition to its remarkable financial performance, Meitu has proposed a final dividend of HK $0.02 per share. This move is aimed at rewarding its shareholders and ensuring that they continue to support the company in its future endeavors.

The Future of Meitu

These impressive financial results are a testament to Meitu’s hard work and dedication to its customers. The firm has come a long way since it was founded in 2008, and its future looks bright. As it continues to expand its product range and invest in its technology, Meitu is well-positioned to cement its position as a leading app developer in China and beyond.

FAQs

Q1. What is Meitu known for?

Meitu is known for developing popular photo editing and beauty apps that allow users to enhance their selfies and photos.

Q2. How has Meitu managed to achieve a full-year profit?

Meitu has achieved a full-year profit by diversifying its revenue streams and increasing its brand recognition in the industry.

Q3. What does Meitu’s proposed final dividend of $0.02 per share mean for shareholders?

The proposed final dividend of $0.02 per share is aimed at rewarding shareholders and providing them with an incentive to continue investing in Meitu in the future.

Conclusion

Overall, Meitu’s financial results for 2022 are nothing short of impressive. Not only did the company achieve a significant increase in revenue and profit, but it also announced a proposed final dividend of HK $0.02 per share. These results are a testament to Meitu’s commitment to its customers and its dedication to innovation and growth. As the company continues to expand its product range and invest in its technology, the future looks bright for this Chinese app developer.

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