According to ChainCatcher news, Meitu announced that it expects to turn a profit in the first half of the year, with a net profit of between 220 and 265 million yuan. The main reason for the expected turnaround is that the market price of purchased cryptocurrencies as of June 30, 2023 was higher than the market price as of December 31, 2022, so the impairment losses on purchased cryptocurrencies were reversed by approximately RMB 185 million. Since the cryptocurrency purchases in March and April 2021, the Group has not purchased or sold any cryptocurrencies under the cryptocurrency investment plan.