Meitu Launches Substantial Share Repurchases: Invests HK$32.52 Million Across Two Phases to Buy Back 5.274 Million Shares
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Author:小编   

On February 20, Meitu executed a share repurchase of 2.057 million shares, with prices ranging from HK$6.04 to HK$6.1 per share, culminating in a total expenditure of HK$12.50847 million. This transaction signified the company's second share buyback initiative within the same month. Earlier, on February 16, Meitu had already allocated HK$20.0151 million for the repurchase of 3.217 million shares. This marks Meitu's inaugural significant share repurchase endeavor since 2020, encompassing a total of 5.274 million shares acquired in two separate rounds, with a cumulative investment exceeding HK$32.52 million. Analysts interpret this strategic move as a testament to the company's unwavering confidence in its business outlook and long-term growth trajectory. Meitu is scheduled to unveil its full-year 2025 financial results on March 27, with preliminary projections indicating a year-on-year surge of 60% to 66% in adjusted net profit attributable to the equity holders of the parent company. Goldman Sachs maintains a positive stance on Meitu's product enhancements, particularly in the realm of beauty tools, along with its market expansion efforts, acknowledging the company's competitive edge in the AI imaging sector.