MEITU shares jump 11% on interim profit forecast up 40%

MEITU (01357.HK) forecast interim adjusted net profit to rise 36-40 percent year on year, sending shares up 11.45 percent to HKD4.77.

The Xiamen-based image and video app developer said in a profit alert dated July 30 that adjusted net profit for the six months ended June 2026 would climb 36-40 percent under non-IFRS measures. After accounting for all non-cash and non-operating items, net profit under IFRS was estimated to grow by no less than 35 percent year on year.

The stock opened flat before peaking at HKD4.95, with 129 million shares changing hands for HKD590 million in turnover. Short selling accounted for HKD7.44 million, or 2.545 percent of the day's volume.

The profit alert adds to a stretch of positive earnings momentum among Hong Kong-listed consumer tech names, where subscription and advertising revenue has supported margins. MEITU, which trades on the Hong Kong Stock Exchange, has built its growth around app-based monetization.

The guidance points to continued expansion in the first half, a positive read for holders of the stock. Full interim results, due in the coming weeks, will show whether the profit growth is broad-based across MEITU's business lines and whether management raises its full-year outlook.

This article is for informational purposes only and does not constitute investment advice.