Kang Yicong, senior investor relations manager at Meitu, said that Meitu's turnaround in performance this year is largely due to the company's subscription system, which prevents the company's earnings from fluctuating significantly due to macroeconomic changes. The recently popular AI business is also a growth driver for Meitu. It will not only help drive subscriptions, but its profit contribution is also expected to continue to increase.
As for the cryptocurrency investment that the market is paying attention to, she revealed that the company no longer focuses on and buys such assets, and may sell them at the appropriate time. The company has basically not purchased any more cryptocurrencies since 2021. The purchases at that time were for strategic considerations, and no operations have been carried out since.