Meitu, Inc. (MEITU) income statement

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

Meitu, Inc. (MEITU) reported revenue of CN¥2.21B for Q2 '26 (+21.5% year on year), operating income of CN¥558M (25.2% of revenue) and net income of CN¥619M. Over the last two half-years revenue was CN¥4.25B.

Income statement

Income statement	Q4 '20	Q2 '21	Q4 '21	Q2 '22	Q4 '22	Q2 '23	Q4 '23	Q2 '24	Q4 '24	Q2 '25	Q4 '25	Q2 '26
Revenue	CN¥637M	CN¥806M	CN¥860M	CN¥971M	CN¥1.11B	CN¥1.26B	CN¥1.43B	CN¥1.62B	CN¥1.72B	CN¥1.82B	CN¥2.04B	CN¥2.21B
Cost of revenue	CN¥198M	CN¥273M	CN¥268M	CN¥468M	CN¥430M	CN¥507M	CN¥533M	CN¥569M	CN¥478M	CN¥482M	CN¥538M	CN¥631M
Gross profit	CN¥438M	CN¥533M	CN¥592M	CN¥503M	CN¥684M	CN¥754M	CN¥902M	CN¥1.05B	CN¥1.24B	CN¥1.34B	CN¥1.5B	CN¥1.58B
Research & development	CN¥216M	CN¥259M	CN¥286M	CN¥265M	CN¥321M	CN¥294M	CN¥341M	CN¥425M	CN¥485M	CN¥451M	CN¥486M	CN¥467M
Sales & marketing	CN¥153M	CN¥188M	CN¥203M	CN¥183M	CN¥220M	CN¥222M	CN¥207M	CN¥205M	CN¥278M	CN¥293M	CN¥306M	CN¥328M
General & administrative	CN¥105M	CN¥126M	CN¥139M	CN¥136M	CN¥136M	CN¥144M	CN¥157M	CN¥178M	CN¥222M	CN¥219M	CN¥233M	CN¥223M
Other operating expenses	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥520M	CN¥6.53M
Operating expenses	CN¥465M	CN¥656M	CN¥494M	CN¥761M	CN¥258M	CN¥517M	CN¥705M	CN¥808M	CN¥986M	CN¥964M	CN¥1.54B	CN¥1.02B
Operating income	-CN¥35.9M	-CN¥41.2M	-CN¥35.2M	-CN¥81.2M	CN¥7.12M	CN¥94.1M	CN¥197M	CN¥245M	CN¥253M	CN¥376M	-CN¥45.4M	CN¥558M
Interest income	CN¥8.2M	CN¥7.66M	CN¥5.91M	CN¥5.42M	CN¥10.8M	CN¥26.7M	CN¥44.4M	CN¥25.9M	CN¥34.9M	CN¥37.4M	CN¥17.6M	CN¥51.5M
Interest expense	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥70.8M
Other non-operating income (gains on investments, FX ...)	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥2.01M
Total non-operating income	CN¥17.3M	-CN¥74M	CN¥139M	-CN¥177M	CN¥426M	CN¥143M	CN¥4.29M	CN¥98.9M	CN¥227M	CN¥40.6M	CN¥534M	CN¥188M
Income before tax	-CN¥18.6M	-CN¥115M	CN¥104M	-CN¥258M	CN¥433M	CN¥237M	CN¥202M	CN¥344M	CN¥479M	CN¥417M	CN¥488M	CN¥746M
Income tax	CN¥16.5M	CN¥22.5M	CN¥44M	CN¥23.9M	CN¥132M	CN¥27.1M	CN¥44.6M	CN¥39.9M	-CN¥23.2M	CN¥37.4M	CN¥170M	CN¥128M
Net income	-CN¥25M	-CN¥129M	CN¥84.2M	-CN¥266M	CN¥360M	CN¥228M	CN¥151M	CN¥303M	CN¥502M	CN¥397M	CN¥183M	CN¥619M
EPS (basic)	-CN¥0.01	-CN¥0.03	CN¥0.02	-CN¥0.06	CN¥0.08	CN¥0.05	CN¥0.03	CN¥0.07	CN¥0.11	CN¥0.08	CN¥0.04	CN¥0.14
EPS (diluted)	-CN¥0.01	-CN¥0.03	CN¥0.02	-CN¥0.06	CN¥0.08	CN¥0.05	CN¥0.03	CN¥0.07	CN¥0.11	CN¥0.08	CN¥0.04	CN¥0.13
Shares (basic, weighted)	4.17B	4.29B	4.32B	4.37B	4.53B	4.46B	4.47B	4.48B	4.53B	4.56B	4.56B	4.54B
Shares (diluted, weighted)	4.3B	4.32B	4.32B	4.37B	4.53B	4.46B	4.47B	4.48B	4.59B	4.56B	4.6B	4.56B
Depreciation & amortization	CN¥41.4M	CN¥46.2M	CN¥37M	CN¥31.4M	CN¥31.4M	CN¥24.5M	CN¥26.2M	CN¥38.1M	CN¥45.2M	CN¥43M	CN¥36.8M	CN¥22.1M
EBITDA	CN¥5.45M	CN¥5.08M	CN¥1.77M	-CN¥49.7M	CN¥38.5M	CN¥119M	CN¥223M	CN¥283M	CN¥298M	CN¥419M	-CN¥20.3M	CN¥578M

Income statement	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	CN¥1.58B	CN¥4.49B	CN¥948M	CN¥978M	CN¥1.19B	CN¥1.67B	CN¥2.09B	CN¥2.7B	CN¥3.34B	CN¥3.86B
Cost of revenue	CN¥1.34B	CN¥3.42B	CN¥456M	CN¥279M	CN¥400M	CN¥541M	CN¥898M	CN¥1.04B	CN¥1.05B	CN¥1.02B
Gross profit	CN¥239M	CN¥1.07B	CN¥492M	CN¥699M	CN¥794M	CN¥1.13B	CN¥1.19B	CN¥1.66B	CN¥2.29B	CN¥2.84B
Research & development	CN¥243M	CN¥416M	CN¥517M	CN¥501M	CN¥404M	CN¥545M	CN¥586M	CN¥635M	CN¥911M	CN¥945M
Sales & marketing	CN¥425M	CN¥559M	CN¥783M	CN¥326M	CN¥288M	CN¥391M	CN¥403M	CN¥428M	CN¥483M	CN¥600M
General & administrative	CN¥199M	CN¥210M	CN¥274M	CN¥251M	CN¥206M	CN¥265M	CN¥272M	CN¥301M	CN¥400M	CN¥451M
Other operating expenses	-CN¥5.61B	CN¥2.05M	CN¥2.49M	CN¥4.65M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥2.75M	CN¥512M
Operating expenses	CN¥6.52B	CN¥1.19B	CN¥1.08B	CN¥1.08B	CN¥898M	CN¥1.2B	CN¥1.26B	CN¥1.36B	CN¥1.8B	CN¥2.51B
Operating income	-CN¥628M	-CN¥116M	-CN¥1.08B	-CN¥379M	-CN¥104M	CN¥25.1M	-CN¥74.1M	CN¥291M	CN¥497M	CN¥331M
Interest income	CN¥17.5M	CN¥105M	CN¥81.2M	CN¥56.7M	CN¥41.9M	CN¥14.2M	CN¥16.1M	CN¥46.7M	CN¥51.4M	CN¥72.8M
Interest expense	CN¥366K	CN¥499K	CN¥9.14M	CN¥8.55M	CN¥8.21M	CN¥8.66M	CN¥8.92M	CN¥4.79M	CN¥7.2M	CN¥6.53M
Other non-operating income (gains on investments, FX ...)	-CN¥5.4M	-CN¥102M	-CN¥575M	-CN¥52.1M	CN¥0	CN¥27.4M	CN¥0	CN¥0	CN¥0	CN¥11.7M
Total non-operating income	-CN¥5.63B	CN¥102M	CN¥566M	CN¥43.5M	CN¥0	-CN¥36M	CN¥249M	CN¥147M	CN¥325M	CN¥574M
Income before tax	-CN¥6.26B	-CN¥14.5M	-CN¥515M	-CN¥335M	-CN¥36.1M	-CN¥10.9M	CN¥175M	CN¥438M	CN¥823M	CN¥905M
Income tax	CN¥1.07M	CN¥63.6M	CN¥17.8M	CN¥8.98M	CN¥24M	CN¥66.5M	CN¥156M	CN¥71.7M	CN¥16.7M	CN¥208M
Net income	-CN¥6.26B	-CN¥78.1M	-CN¥545M	-CN¥397M	-CN¥41M	-CN¥44.5M	CN¥94.1M	CN¥378M	CN¥805M	CN¥583M
EPS (basic)	-CN¥1.48	-CN¥0.02	-CN¥0.13	-CN¥0.08	-CN¥0.01	-CN¥0.01	CN¥0.02	CN¥0.08	CN¥0.18	CN¥0.16
EPS (diluted)	-CN¥1.48	-CN¥0.02	-CN¥0.13	-CN¥0.08	-CN¥0.01	-CN¥0.01	CN¥0.02	CN¥0.08	CN¥0.18	CN¥0.15
Shares (basic, weighted)	4.23B	4.25B	4.19B	4.2B	4.1B	4.32B	4.38B	4.47B	4.5B	3.89B
Shares (diluted, weighted)	4.23B	4.25B	4.22B	4.21B	4.29B	4.32B	4.45B	4.47B	4.54B	4.57B
Depreciation & amortization	CN¥28.5M	CN¥42.9M	CN¥86.1M	CN¥128M	CN¥95.3M	CN¥75.9M	CN¥62.8M	CN¥50.8M	CN¥84.2M	CN¥83.9M
EBITDA	-CN¥594M	CN¥28.8M	-CN¥996M	-CN¥199M	-CN¥8.44M	-CN¥437K	-CN¥11.3M	CN¥342M	CN¥582M	CN¥403M

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.

Revenue, operating income and growth

quarterly

Margins

quarterly

Costs as % of revenue

quarterly

The other statements

Balance sheetCash, investments, assets, debt, liabilities and equityOpen 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.