Meitu, Inc. (MEITU) balance sheet

HKSE · Technology · Software - Application · 2,103 employees · CEO Xin Hong Wu

Price: HK$3.87 +2.65%
Market cap: HK$17.5B
Enterprise value: CN¥15B
Last report: Q2 '26 filed 2026-06-30
Next report: 2027-04-01

At the end of Q2 '26 Meitu, Inc. (MEITU) held CN¥4.09B in cash and short-term investments against CN¥1.52B of debt incl. leases. Total assets CN¥9.47B, total liabilities CN¥3.65B, shareholders' equity CN¥5.86B.

Balance sheet

Balance sheet	Q4 '20	Q2 '21	Q4 '21	Q2 '22	Q4 '22	Q2 '23	Q4 '23	Q2 '24	Q4 '24	Q2 '25	Q4 '25	Q2 '26
Assets
Cash & equivalents	CN¥1.16B	CN¥772M	CN¥739M	CN¥793M	CN¥947M	CN¥665M	CN¥641M	CN¥352M	CN¥1.3B	CN¥1.04B	CN¥3.52B	CN¥1.36B
Short-term investments	CN¥874M	CN¥295M	CN¥489M	CN¥227M	CN¥393M	CN¥576M	CN¥674M	CN¥907M	CN¥1.66B	CN¥1.59B	CN¥1.35B	CN¥2.73B
Receivables	CN¥695M	CN¥1.06B	CN¥1.02B	CN¥1.01B	CN¥862M	CN¥920M	CN¥388M	CN¥444M	CN¥1.14B	CN¥471M	CN¥1.07B	CN¥562M
Inventory	CN¥1.48M	CN¥3.57M	CN¥4.89M	CN¥45.1M	CN¥25.6M	CN¥52.4M	CN¥53.8M	CN¥122M	CN¥73.5M	CN¥63.7M	CN¥7.31M	CN¥10.5M
Other current assets	CN¥120M	CN¥94.4M	CN¥151M	CN¥136M	CN¥162M	CN¥157M	CN¥946M	CN¥953M	CN¥224M	CN¥868M	CN¥63.1K	CN¥730M
Current assets	CN¥2.91B	CN¥2.38B	CN¥2.53B	CN¥2.32B	CN¥2.46B	CN¥2.45B	CN¥2.77B	CN¥2.85B	CN¥4.53B	CN¥4.14B	CN¥6.09B	CN¥5.39B
Property, plant & equipment (net)	CN¥391M	CN¥404M	CN¥425M	CN¥450M	CN¥469M	CN¥485M	CN¥540M	CN¥545M	CN¥522M	CN¥527M	CN¥513M	CN¥515M
Long-term investments	CN¥802M	CN¥731M	CN¥986M	CN¥909M	CN¥1.4B	CN¥1.46B	CN¥1.65B	CN¥1.75B	CN¥1.46B	CN¥1.53B	CN¥2.05B	CN¥2.96B
Goodwill	CN¥178M	CN¥178M	CN¥16.4M	CN¥238M	CN¥238M	CN¥238M	CN¥82.7M	CN¥396M	CN¥396M	CN¥378M	CN¥314M	CN¥0
Intangible assets	CN¥215M	CN¥732M	CN¥761M	CN¥517M	CN¥422M	CN¥622M	CN¥693M	CN¥841M	CN¥123M	CN¥115M	CN¥83.3M	CN¥392M
Deferred tax assets	CN¥3.78M	CN¥7.74M	CN¥7.02M	CN¥8.33M	CN¥8.94M	CN¥10.7M	CN¥9.29M	CN¥0	CN¥0	CN¥0	CN¥13.3M	CN¥13.6M
Other non-current assets	-CN¥3.78M	-CN¥7.74M	-CN¥7.02M	-CN¥8.33M	-CN¥8.94M	-CN¥10.7M	CN¥20.2M	CN¥24.2M	CN¥21.2M	CN¥24M	CN¥225M	CN¥193M
Non-current assets	CN¥1.59B	CN¥2.05B	CN¥2.19B	CN¥2.11B	CN¥2.53B	CN¥2.8B	CN¥3B	CN¥3.55B	CN¥2.52B	CN¥2.57B	CN¥3.2B	CN¥4.07B
Total assets	CN¥4.51B	CN¥4.44B	CN¥4.75B	CN¥4.45B	CN¥5B	CN¥5.27B	CN¥5.77B	CN¥6.4B	CN¥7.05B	CN¥6.71B	CN¥9.29B	CN¥9.47B
Liabilities
Accounts payable	CN¥108M	CN¥96.3M	CN¥104M	CN¥93M	CN¥135M	CN¥132M	CN¥141M	CN¥174M	CN¥179M	CN¥184M	CN¥207M	CN¥664M
Accrued expenses	CN¥465M	CN¥483M	CN¥621M	CN¥443M	CN¥441M	CN¥521M	CN¥523M	CN¥429M	CN¥541M	CN¥435M	CN¥328M	CN¥0
Short-term debt	CN¥5M	CN¥10M	CN¥10M	CN¥10M	CN¥10M	CN¥20M	CN¥15M	CN¥229M	CN¥267M	CN¥183M	CN¥1.43B	CN¥1.48B
Taxes payable	CN¥69.5M	CN¥76.4M	CN¥88.9M	CN¥85.7M	CN¥111M	CN¥172M	CN¥72.8M	CN¥125M	CN¥105M	CN¥0	CN¥0	CN¥0
Deferred revenue	-CN¥31M	-CN¥34.4M	-CN¥30.6M	-CN¥26.3M	-CN¥26.8M	-CN¥36.1M	-CN¥30M	CN¥0	CN¥0	CN¥0	CN¥849M	CN¥931M
Other current liabilities	CN¥210M	CN¥228M	CN¥293M	CN¥408M	CN¥466M	CN¥455M	CN¥720M	CN¥831M	CN¥809M	CN¥920M	CN¥386M	-CN¥275K
Current liabilities	CN¥814M	CN¥842M	CN¥1.05B	CN¥970M	CN¥1.07B	CN¥1.14B	CN¥1.4B	CN¥1.69B	CN¥1.82B	CN¥1.75B	CN¥3.36B	CN¥3.26B
Lease obligations (non-current)	CN¥2.81M	CN¥11M	CN¥17.9M	CN¥15.7M	CN¥11.4M	CN¥9.71M	CN¥45.3M	CN¥35.3M	CN¥27.2M	CN¥17.5M	CN¥5.58M	CN¥21.1M
Deferred revenue (non-current)	CN¥0	CN¥0	CN¥0	-CN¥106M	-CN¥215M	-CN¥206M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Deferred tax liabilities	CN¥42M	CN¥53.1M	CN¥80.3M	CN¥106M	CN¥215M	CN¥206M	CN¥209M	CN¥213M	CN¥167M	CN¥166M	CN¥291M	CN¥370M
Other non-current liabilities	CN¥123M	CN¥136M	CN¥84.4M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥213M	CN¥167M	CN¥166M	CN¥0	CN¥0
Non-current liabilities	CN¥126M	CN¥147M	CN¥183M	CN¥121M	CN¥226M	CN¥215M	CN¥254M	CN¥248M	CN¥194M	CN¥184M	CN¥296M	CN¥391M
Total liabilities	CN¥939M	CN¥989M	CN¥1.23B	CN¥1.09B	CN¥1.29B	CN¥1.36B	CN¥1.65B	CN¥1.94B	CN¥2.01B	CN¥1.93B	CN¥3.65B	CN¥3.65B
Equity
Common stock & paid-in capital	CN¥280K	CN¥281K	CN¥281K	CN¥300K	CN¥283K	CN¥283K	CN¥283K	CN¥287K	CN¥287K	CN¥288K	CN¥288K	CN¥288K
Retained earnings	-CN¥3.45B	-CN¥3.58B	-CN¥3.5B	-CN¥3.77B	-CN¥3.41B	-CN¥3.18B	-CN¥3.03B	-CN¥2.73B	-CN¥2.3B	-CN¥1.83B	-CN¥1.73B	-CN¥1.11B
Accumulated other comprehensive income	-CN¥131M	-CN¥116M	-CN¥118M	-CN¥48.7M	CN¥3.18M	CN¥118M	CN¥44.5M	CN¥79.4M	CN¥221M	CN¥198M	CN¥1.16B	CN¥1.17B
Shareholders' equity	CN¥3.55B	CN¥3.44B	CN¥3.52B	CN¥3.36B	CN¥3.77B	CN¥4.03B	CN¥4.11B	CN¥4.46B	CN¥5.03B	CN¥4.79B	CN¥5.67B	CN¥5.86B
Debt
Total debt (incl. leases)	CN¥33.8M	CN¥45.4M	CN¥48.5M	CN¥42M	CN¥38.2M	CN¥45.8M	CN¥90.3M	CN¥292M	CN¥318M	CN¥227M	CN¥1.46B	CN¥1.52B
Net debt (debt - cash)	-CN¥1.12B	-CN¥727M	-CN¥690M	-CN¥751M	-CN¥908M	-CN¥619M	-CN¥550M	-CN¥60M	-CN¥983M	-CN¥809M	-CN¥2.06B	CN¥161M

Balance sheet	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	CN¥4.51B	CN¥1.4B	CN¥532M	CN¥865M	CN¥1.16B	CN¥739M	CN¥947M	CN¥641M	CN¥1.3B	CN¥3.52B
Short-term investments	CN¥1.01B	CN¥3.77B	CN¥2.16B	CN¥1.65B	CN¥874M	CN¥489M	CN¥393M	CN¥674M	CN¥1.66B	CN¥1.35B
Receivables	CN¥86.1M	CN¥307M	CN¥835M	CN¥656M	CN¥695M	CN¥1.02B	CN¥351M	CN¥388M	CN¥1.14B	CN¥1.07B
Inventory	CN¥374M	CN¥658M	CN¥359M	CN¥14.3M	CN¥1.48M	CN¥4.89M	CN¥25.6M	CN¥53.8M	CN¥73.5M	CN¥7.31M
Other current assets	CN¥107M	CN¥150M	CN¥229M	CN¥128M	CN¥115M	CN¥151M	CN¥674M	CN¥946M	CN¥224M	CN¥63.1K
Current assets	CN¥6.09B	CN¥6.3B	CN¥4.15B	CN¥3.34B	CN¥2.91B	CN¥2.53B	CN¥2.46B	CN¥2.77B	CN¥4.53B	CN¥6.09B
Property, plant & equipment (net)	CN¥79.6M	CN¥91.9M	CN¥153M	CN¥127M	CN¥391M	CN¥425M	CN¥469M	CN¥540M	CN¥522M	CN¥513M
Long-term investments	CN¥306M	CN¥316M	CN¥571M	CN¥638M	CN¥802M	CN¥986M	CN¥1.4B	CN¥1.65B	CN¥1.46B	CN¥2.05B
Goodwill	CN¥0	CN¥0	CN¥112M	CN¥221M	CN¥178M	CN¥16.4M	CN¥238M	CN¥82.7M	CN¥396M	CN¥314M
Intangible assets	CN¥21.7M	CN¥21.3M	CN¥91.6M	CN¥277M	CN¥215M	CN¥761M	CN¥422M	CN¥693M	CN¥123M	CN¥83.3M
Deferred tax assets	CN¥0	CN¥9.78M	CN¥1.2M	CN¥3.04M	CN¥3.78M	CN¥7.02M	CN¥8.94M	CN¥0	CN¥0	CN¥13.3M
Other non-current assets	-CN¥408M	-CN¥9.78M	-CN¥1.2M	-CN¥3.04M	-CN¥3.78M	-CN¥7.02M	-CN¥8.94M	CN¥29.5M	CN¥21.2M	CN¥225M
Non-current assets	CN¥408M	CN¥429M	CN¥927M	CN¥1.26B	CN¥1.59B	CN¥2.19B	CN¥2.53B	CN¥3B	CN¥2.52B	CN¥3.2B
Total assets	CN¥6.55B	CN¥6.8B	CN¥5.09B	CN¥4.62B	CN¥4.51B	CN¥4.75B	CN¥5B	CN¥5.77B	CN¥7.05B	CN¥9.29B
Liabilities
Accounts payable	CN¥395M	CN¥720M	CN¥357M	CN¥118M	CN¥108M	CN¥104M	CN¥135M	CN¥141M	CN¥179M	CN¥207M
Accrued expenses	CN¥95.3M	CN¥163M	CN¥380M	CN¥386M	CN¥0	CN¥621M	CN¥441M	CN¥523M	CN¥541M	CN¥328M
Short-term debt	CN¥0	CN¥0	CN¥10M	CN¥0	CN¥5M	CN¥10M	CN¥10M	CN¥15M	CN¥267M	CN¥1.43B
Taxes payable	CN¥2.17M	CN¥55M	CN¥61.8M	CN¥52.3M	CN¥69.5M	CN¥88.9M	CN¥111M	CN¥72.8M	CN¥105M	CN¥0
Deferred revenue	CN¥0	CN¥0	-CN¥10M	-CN¥30.8M	CN¥0	-CN¥30.6M	-CN¥26.8M	CN¥0	CN¥0	CN¥849M
Other current liabilities	CN¥42.9M	CN¥277M	CN¥232M	CN¥228M	CN¥675M	CN¥323M	CN¥492M	CN¥556M	CN¥809M	CN¥386M
Current liabilities	CN¥533M	CN¥1.16B	CN¥979M	CN¥731M	CN¥814M	CN¥1.05B	CN¥1.07B	CN¥1.26B	CN¥1.82B	CN¥3.36B
Lease obligations (non-current)	CN¥0	CN¥0	CN¥0	CN¥18.6M	CN¥2.81M	CN¥17.9M	CN¥11.4M	CN¥45.3M	CN¥27.2M	CN¥5.58M
Deferred revenue (non-current)	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	-CN¥215M	-CN¥74.6M	CN¥0	CN¥0
Deferred tax liabilities	CN¥0	CN¥0	CN¥12.2M	CN¥45.5M	CN¥42M	CN¥80.3M	CN¥215M	CN¥209M	CN¥167M	CN¥291M
Other non-current liabilities	CN¥0	CN¥0	CN¥138M	CN¥85.1M	CN¥81M	CN¥84.4M	CN¥215M	CN¥209M	CN¥167M	CN¥0
Non-current liabilities	CN¥0	CN¥0	CN¥150M	CN¥149M	CN¥126M	CN¥183M	CN¥226M	CN¥389M	CN¥194M	CN¥296M
Total liabilities	CN¥533M	CN¥1.16B	CN¥1.13B	CN¥881M	CN¥939M	CN¥1.23B	CN¥1.29B	CN¥1.65B	CN¥2.01B	CN¥3.65B
Equity
Common stock & paid-in capital	CN¥277K	CN¥280K	CN¥274K	CN¥280K	CN¥280K	CN¥281K	CN¥283K	CN¥283K	CN¥287K	CN¥288K
Retained earnings	-CN¥10.3B	-CN¥1.76B	-CN¥3.01B	-CN¥3.41B	-CN¥3.47B	-CN¥3.53B	-CN¥3.41B	-CN¥3.03B	-CN¥2.3B	-CN¥1.73B
Accumulated other comprehensive income	-CN¥668M	-CN¥280M	-CN¥189M	-CN¥86.6M	-CN¥131M	-CN¥118M	CN¥3.18M	CN¥44.5M	CN¥221M	CN¥1.16B
Shareholders' equity	CN¥6.02B	CN¥5.64B	CN¥3.84B	CN¥3.64B	CN¥3.55B	CN¥3.52B	CN¥3.77B	CN¥4.11B	CN¥5.03B	CN¥5.67B
Debt
Total debt (incl. leases)	CN¥0	CN¥0	CN¥10M	CN¥49.4M	CN¥33.8M	CN¥48.5M	CN¥38.2M	CN¥90.3M	CN¥318M	CN¥1.46B
Net debt (debt - cash)	-CN¥4.51B	-CN¥1.4B	-CN¥522M	-CN¥815M	-CN¥1.12B	-CN¥690M	-CN¥908M	-CN¥550M	-CN¥983M	-CN¥2.06B

Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in CNY.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02 · Amounts in CNY as reported; price and market cap in HKD.