Meitu Gains Profit and Increases Revenue in 2022, Proposes Final Dividend of HK $0.02 per Share

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, the Chinese multimedia app developer, has announced on March 30 that its revenue in 2022 would be 2.0853 billion yuan, marking a 25.2% year-on-year increase. This is the first time that Meitu has achieved a full year profit, with a net profit attributable to the owner of the company of 94.1 million yuan. The adjusted net profit attributable to the company’s owners reached 110.5 million yuan, which was a year-on-year increase of 29.9%. Furthermore, Meitu proposes a final dividend of HK $0.02 per share.

Introduction

Meitu is a leading Chinese multimedia app developer that offers a variety of online photo and video editing tools. Its popular apps include MeituPic and BeautyPlus, which have attracted millions of users worldwide. In recent years, the company has been focusing on its international expansion, seeking new opportunities to grow its user base and revenue. The announcement of its financial results in 2022 suggests that Meitu has achieved a significant milestone in its corporate history. In this article, we will explore the details of this announcement and its implications for Meitu’s future development.

Meitu’s Financial Performance in 2022

Meitu’s revenue in 2022 was 2.0853 billion yuan, an increase of 25.2% compared to the previous year. This revenue growth can be attributed to the continued growth of its core business, including online advertising, mobile gaming, and e-commerce. Meitu has been actively exploring new business opportunities, such as short video and livestreaming, to diversify its revenue sources. This has led to increased user engagement and higher advertising revenues in these new areas.
Meitu’s net profit attributable to the owner of the company in 2022 was 94.1 million yuan, which marks the first-ever full-year profit for the company. This is a significant achievement for Meitu, which has been investing heavily in research and development and new business opportunities in recent years. The adjusted net profit attributable to the company’s owners in 2022 was 110.5 million yuan, a significant year-on-year increase of 29.9%. This increase was due to the company’s continued focus on cost optimization and improved operating efficiency.

Meitu’s Proposal of Final Dividend

Meitu has proposed a final dividend of HK $0.02 per share, which is subject to approval at the company’s annual general meeting. This proposal reflects the company’s commitment to shareholder value and its confidence in its future growth prospects. The proposed dividend represents a payout ratio of approximately 28% of the company’s adjusted net profit attributable to the company’s owners in 2022.

Implications for Meitu’s Future Development

Meitu’s financial performance in 2022 suggests that the company is on a strong growth trajectory. Its continued focus on core business growth and new business opportunities, as well as cost optimization and improved operating efficiency, have been key drivers of its success. The proposed final dividend reflects the company’s strong cash position and its confidence in its ability to generate sustained growth in the future. Moreover, Meitu’s international expansion strategy and its efforts to explore new business opportunities are expected to drive further growth in the coming years.

Conclusion

Meitu’s financial announcement in March 2022 was a significant milestone for the Chinese multimedia app developer. The company’s strong revenue growth, improved profitability, and proposal of dividend represent its commitment to shareholder value and its confidence in its future growth prospects. The company’s continued focus on core business growth and new business opportunities, cost optimization, and improved operating efficiency are expected to drive further growth in the coming years.

FAQs

**Q1: How has Meitu achieved its financial success in 2022?**
A: Meitu’s financial success in 2022 has been driven by its continued focus on core business growth, new business opportunities, cost optimization, and improved operating efficiency.
**Q2: What implications does Meitu’s proposal of final dividend have for its future development?**
A: Meitu’s proposal of a final dividend reflects its strong cash position and its confidence in its ability to generate sustained growth in the future.
**Q3: What are Meitu’s future growth prospects?**
A: Meitu’s international expansion strategy and its efforts to explore new business opportunities are expected to drive further growth in the coming years.