MEITU (01357.HK)  -1.060 (-9.481%)    Short selling $74.08M; Ratio 8.220%   , which had released a positive profit alert earlier, opened down 1.6% this morning (22nd) and once sank to a bottom of HKD10.72 with a slump of 4.1% in early trading. It last traded at HKD10.9, down 2.5%, with a volume of 24.9465 million shares, involving HKD271 million.

Following yesterday's market close, MEITU announced that its adjusted net profit attributable to its owners for the six months ended June 30, 2025, could achieve a YoY spike of around 65-72% compared to the same period last year.

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After taking into account the non-cash and non-operating items, the company's net profit attributable to its owners during the period is expected to log a growth of no less than 30% compared to the same period last year.

Morgan Stanley wrote in its research report that MEITU had recently launched its AI design assistant "RoboNeo". While it is currently available for free user testing, it is expected that it will be integrated with MEITU's core design tools such as Meitu in the future to advance the company's transformation from a design app provider to an innovator in workflow solutions. The broker raised its target price for MEITU from HKD6 to HKD14.4 and reiterated the Overweight rating.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-24 16:25.)