Changes in Hong Kong stocks | Meitu (01357) rose nearly 5% in the third quarter, AI productivity application ARR increased 40.1% year-on-year

The Zhitong Finance App learned that Meitu (01357) rose nearly 5% in the intraday period. As of press release, it had risen 3.15% to HK$3.77, with a turnover of HK$111 million.

According to the news, on October 23, Meitu announced that the number of paid subscribers increased net by about 1.39 million this quarter, reaching a new high of the past four quarters. As of September 2026, the number of paid subscribers reached 1.83 million. Among them, the number of paid subscribers from productivity apps increased 18.3% year over year to 2.39 million, and the number of paid subscription users from lifestyle apps increased 24.1% year over year to 17.44 million. Meanwhile, the growth rate of paid subscribers from the international market continues to be faster than the mainland China market.

As of September 2026, ARR for AI productivity applications was RMB 655 million, an increase of 40.1% over the previous year. Among them, ARR at the start of production and Vmake Labs both increased year-on-year to more than double that of the same period last year. In 2026 Q3, revenue from the Group's main business “imaging and design products” (unaudited) increased 28.2% year over year to RMB 1 billion, of which: revenue from productivity applications increased 42.3% year on year, accounting for about 20% of the revenue from imaging and design products.