[Kaiyuan Overseas | Meitu] Net Profit Attributable to Parent Surges, AI Product Matrix from 'Single-Point Breakthrough' to 'Multiple Points Blossoming'

English summary

Meitu today released its voluntary performance announcement for the first half of 2026, with adjusted net profit attributable to the parent company expected to grow 36%-40%, approximately RMB 635-654 million. #Productivity application growth leads, gross margin higher, C-end foundation still growing rapidly. Imaging and design product revenue: RMB 1.800 billion, +30.9%, maintaining high growth of 30%+ for multiple periods, of which productivity application revenue +40.1% (accounting for >18% of business revenue), high-value business growth leads. Live-scene application revenue +32.3% (accounting for ~82% of total revenue), foundation stable. #Productivity application MAU grows strongly, overall paid penetration continues to rise. Global MAU: 282 million, stable with slight increase. Productivity application MAU: 33 million (new high), YOY +43%. Paid subscription users exceed 18.44 million, of which productivity application paid users 2.35 million, yoy +29.8%; life-scene application paid users 16.09 million, yoy +18.8%. #AI commercialization ARR accelerates, ...