Meitu’s 2023 performance disclosure: AI drives growth in main business, but cryptocurrency investment still suffers losses
Meitu recently disclosed its performance for 2023, showing that the company’s revenue was approximately 2.696 billion yuan, a year-on-year increase of 29.27%. After adjustment, the net profit attributable to the parent company reached 370 million yuan, a year-on-year increase of 233.2%. However, despite its overall strong performance, Meitu still faces losses when it comes to cryptocurrency investments.
According to disclosures, Meitu lost 170 million yuan and 94.8 million yuan respectively when investing in Bitcoin and Ethereum in 2023, while its losses in 2022 were 198.2 million yuan and 86.6 million yuan respectively. Although the volatility and uncertainty of the digital currency market increase investment risks, Meitu continues to invest in this area.
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