Meitu announced its first-half results: the total income was 1.261 billion yuan, an increase of 29.8% over the same period last year.

According to CTOnews.com news on August 28, Meitu today released its first-half financial results. Data show that Meitu's total revenue in the first half of the year was 1.261 billion yuan, an increase of 29.8 percent over the same period last year.

According to officials, AIGC and VIP subscriptions have driven Meitu's net profit growth to 320.4% compared with the same period last year, and continue to innovate in areas such as AI images, AI videos, AI design and so on. In addition, the net profit of returning home in the first half of this year was 228 million yuan, turning losses into profits in the first half of last year.

In terms of R & D, officials said that they spent 294 million yuan on R & D in the first half of this year, an increase of 10.8% over the same period last year, and released the self-developed AI visual model "fantasy intelligence". The next strategic focus will be on productivity and globalization.

Wu Xinhong, founder, chairman and CEO of Meitu, said that Meitu's products now have AIGC as the core, and the number of VIP members has reached 7.2 million. In the 15th year of the establishment of the company, the product has completed the change from life scene to productivity scene.

CTOnews.com previously reported that in late June this year, Meitu released seven AI-oriented products that cover the direction of ordinary users and business users, respectively:

Focus on the direction of ordinary users:

AI Visual authoring tool WHEE

AI oral video tool starts shooting

Desktop AI Video Editing tool WinkStudio

Focus on business users:

Meitu Design Room 2.0

AI Digital Life tool DreamAvatar

Meitu AI assistant RoboNeo

Meitu visual big model MiracleVision (whimsical intelligence)

Related readings:

Meitu released seven AI tools: fix pictures, fix videos, and create movie-level faces.