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India

Meitu Inc (1357.HK)

1357.HK on Hong Kong Stock

2.63HKD
24 May 2019
Change (% chg)

HK$0.06 (+2.33%)
Prev Close
HK$2.57
Open
HK$2.60
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HK$2.66
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HK$2.56
Volume
5,268,078
Avg. Vol
19,292,627
52-wk High
HK$8.80
52-wk Low
HK$1.94

Latest Key Developments (Source: Significant Developments)

Meitu Says FY Adjusted Net Loss From Continuing Operations RMB879.1 Mln
Wednesday, 20 Mar 2019 

March 20 (Reuters) - Meitu Inc <1357.HK>::FY ADJUSTED NET LOSS FROM CONTINUING OPERATIONS RMB879.1 MILLION VERSUS PROFIT OF RMB66.1 MILLION.FY REVENUE RMB2.79 BILLION VERSUS RMB4.49 BILLION.  Full Article

Meitu Posts FY Revenue Of Rmb2.79 Bln
Wednesday, 20 Mar 2019 

March 20 (Reuters) - Meitu Inc <1357.HK>::FY REVENUE RMB2.79 BILLION VERSUS RMB4.49 BILLION.FY ADJUSTED NET LOSS RMB879 MILLION VERSUS PROFIT FROM CONTINUING OPERATIONS OF RMB66.1 MILLION.  Full Article

Meitu Announces Acquisition Of 31 Pct Stake In Dreamscape Horizon Ltd
Wednesday, 20 Feb 2019 

Feb 20 (Reuters) - Meitu Inc <1357.HK>::ANNOUNCES ACQUISITION OF 31% EQUITY INTEREST IN DREAMSCAPE HORIZON LIMITED.DEAL FOR TOTAL CONSIDERATION OF HK$2.69 BILLION.DEAL WILL BE SATISFIED BY ISSUE OF CONSIDERATION SHARES BY CO TO LEYOU AT ISSUE PRICE OF HK$2.71 PER CONSIDERATION SHARE.UNIT TO ACQUIRE STAKE IN DREAMSCAPE HORIZON FROM A UNIT OF LEYOU TECHNOLOGIES HOLDING.  Full Article

Hon Hai Precision's Unit Sells Shares In Meitu For HK$81.2 Mln
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - Hon Hai Precision Industry Co Ltd <2317.TW>::SAYS UNIT SOLD 19.4 MILLION SHARES IN MEITU <<<1357.HK>>> BETWEEN OCT 31, 2018 AND NOV 29, 2018 FOR HK$81.2 MILLION ($10.38 million).  Full Article

Meitu Sees FY Net Loss Of Between RMB950 Mln And RMB1.20 Bln
Monday, 19 Nov 2018 

Nov 19 (Reuters) - Meitu Inc <1357.HK>::EXPECTED THAT GROUP MAY RECORD A NET LOSS OF BETWEEN APPROXIMATELY RMB950 MILLION AND RMB1,200 MILLION FOR YEAR ENDING DECEMBER 31.EXPECTED RESULT DUE TO DECREASE IN REVENUE FROM GROUP'S SMART HARDWARE SEGMENT.  Full Article

Xiaomi Corp Posts Q3 Profit Of RMB 2.48 Bln
Monday, 19 Nov 2018 

Nov 19 (Reuters) - Xiaomi Corp <1810.HK>::Q3 OPERATING PROFIT RMB 2,210.6 MILLION VERSUS RMB 3,587.8 MILLION LAST YEAR.Q3 PROFIT FOR PERIOD RMB 2,480.5 MILLION VERSUS LOSS OF RMB 10,992.7 MILLION.GROSS PROFIT MARGIN FROM SMARTPHONES SEGMENT DECREASED FROM 11.7% IN Q3 OF 2017 TO 6.1% IN Q3 OF 2018.Q3 SMARTPHONES SEGMENT REVENUE RMB35.0 BILLION, REPRESENTING AN INCREASE OF 36.1%.Q3 TOTAL REVENUE RMB 50,846.2 MILLION VERSUS RMB 34,099.9 MILLION."MONETIZATION OF OUR OVERSEAS INTERNET SERVICES BUSINESSES IS SHOWING EARLY PROMISE".OUR SMARTPHONE SHIPMENTS FOR INDIA GREW 31% YEAR-ON-YEAR IN THE THIRD QUARTER OF 2018.EXPECT TO CONTINUE TO INCREASE HEADCOUNT IN MAINLAND CHINA AND KEY TARGET MARKETS IN REST OF THE WORLD."OVERSEAS SHIPMENTS OF OUR SMARTPHONES CONTINUED TO DEMONSTRATE STRONG GROWTH MOMENTUM".CO & MEITU, INC ENTERED INTO A STRATEGIC COOPERATION AGREEMENT.DEAL FOR, AMONG OTHERS, EXCLUSIVE GLOBAL LICENSE OF MEITU BRAND, GLOBAL LICENSE OF CERTAIN TECHNOLOGIES FOR ALL FUTURE MEITU BRANDED SMARTPHONES.  Full Article

Meitu To Implement Share Buy-Back Plan To Purchase Shares Worth US$100 Mln
Friday, 25 May 2018 

May 25 (Reuters) - Meitu Inc <1357.HK>::TO IMPLEMENT A SHARE BUY-BACK PLAN TO PURCHASE UP TO AN AMOUNT OF US$100 MILLION IN VALUE OF SHARES.  Full Article

Meitu Inc Says CEO Buys 1.3 Mln Shares Of Co For About HK$8.3575 Per Share
Thursday, 10 May 2018 

May 10 (Reuters) - Meitu Inc <1357.HK>::INFORMED BY WU ZEYUAN, CO'S CEO THAT HE HAS MADE PURCHASES OF 1.3 MILLION SHARES, AT AN AVERAGE PRICE OF ABOUT HK$8.3575 PER SHARE.WU DOES NOT RULE OUT POSSIBILITY OF FURTHER INCREASING HIS SHAREHOLDINGS IN COMPANY AS AND WHEN APPROPRIATE.  Full Article

Meitu Updates On Increase in Shareholding of Chairman
Thursday, 26 Apr 2018 

April 26 (Reuters) - Meitu Inc <1357.HK>::CHAIRMAN BOUGHT 3 MILLION SHARES & 5 MILLION SHARES OF CO AT AVERAGE PRICE OF HK$8.19941 & HK$8.13721 PER SHARE, RESPECTIVELY ON APRIL 25 & APRIL 26.  Full Article

Meitu Announces Further Increase In Shareholding In Co By Chairman Cai Wensheng
Wednesday, 27 Dec 2017 

Dec 27 (Reuters) - Meitu Inc <1357.HK>::‍INFORMED THAT CAI WENSHENG THROUGH BAOLINK CAPITAL LTD MADE PURCHASES OF 3.5 MILLION SHARES AT AVERAGE PRICE OF ABOUT HK$10.31325 PER SHARE​.  Full Article

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China selfie app firm Meitu forays into skincare to counter drop in users

SHANGHAI Meitu Inc, the Chinese firm best known for its selfie image-enhancing app, said on Wednesday it is venturing into the offline skincare market as it attempts to offset the impact of dwindling app users and a money-losing smartphone business.