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Chinese maker of photo and video editing apps (Meitu, BeautyCam) with AI-powered beautification and image-generation tools.
Chinese maker of photo and video editing apps (Meitu, BeautyCam) with AI-powered beautification and image-generation tools.
Moved from selling phones, a business it handed to Xiaomi in 2018, to selling software, and now earns increasingly from paid subscriptions to its editing apps, with in-app advertising and enterprise tools as smaller lines.
In one line: China's answer to a Canva/Facetune combined app maker.
Moat: narrow (brand, installed base, data). Large installed base of photo/beauty app users in China, with growing AI-generation feature differentiation.
Headquarters: Xiamen, China · Founded: 2008 · Employees: 2,103
Size Meitu (1357.HK) is a Hong Kong Information Technology company (Packaged Software) with a market value of $2.50B, the 379th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$4.28 on 6 Nov 2026.
Performance Over six months the shares fell 9.3%, against +7.0% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 24.4% over the last twelve months (peer median +15.9%); the operating margin is 24.1% (peer median 6.0%).
Valuation It trades at 12.8× forward earnings against a peer median of 24.7× (4th cheapest of 17).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +26%, so the hurdle is -18 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 14.9 points above its cost of capital (11.7% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$4.75B | HK$4.18B | HK$3.25B | HK$2.98B | HK$2.42B |
| Revenue growth | — | +29% | +9% | +23% | — |
| Gross profit | HK$3.48B | HK$3.08B | HK$2.47B | HK$1.80B | HK$1.36B |
| EBITDA | n/a | HK$1.00B | HK$622M | HK$404M | HK$72.8M |
| Net income | HK$910M | HK$632M | HK$873M | HK$418M | HK$109M |
| Free cash flow | HK$1.63B | HK$1.46B | HK$826M | HK$399M | HK$213M |
| Capital expenditure | HK$40.8M | HK$52.2M | HK$57.1M | HK$62.3M | HK$59.2M |
| Total debt | n/a | HK$1.83B | HK$339M | HK$248M | HK$42.8M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Meitu 1357.HK | $2.50B | -9% | +24% | 24% | 12.8× | 7.5% |
| Adobe ADBE | $93.1B | -5% | +12% | 36% | 8.9× | 0.9% |
| Kuaishou-w 1024.HK | $16.0B | -39% | +11% | 11% | 14.9× | -4.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 1357.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +15.5% | +5.7% | 6th highest of 21 |
| 6-month return | -9.3% | +7.0% | 8th lowest of 21 |
| Distance from 52-week high | -54.1% | -27.9% | 2nd lowest of 21 |
| Revenue growth (TTM) | +24.4% | +15.9% | 6th highest of 21 |
| Operating margin | 24.1% | 6.0% | 3rd highest of 21 |
| Forward P/E | 12.8× | 24.7× | 4th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | 7.5% | 19.9% | 5th least demanding of 13 |
| Growth delivered (Del g) | +25.5% | +14.8% | 4th highest of 12 |
| Hurdle (Req g minus delivered) | -18.0 pp | -5.2 pp | least demanding of 12 |
| ROIC minus cost of capital | +14.9 pp | -1.2 pp | 4th highest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Meitu 1357.HK | Hong Kong | $2.50B | -9% | +24% | 24% | 12.8× | 7.5% | +25.5% |
| Money Forward 3994.T | Japan | $2.52B | +51% | +35% | 2% | 2,235.1× | n/a | n/a |
| Guangdong Aofei Data Technology 300738.SZ | China | $2.44B | -34% | +24% | 23% | 42.6× | n/a | n/a |
| Blackbaud BLKB | United States | $2.43B | +44% | +2% | 21% | 9.4× | -1.6% | +4.3% |
| Asana ASAN | United States | $2.43B | +60% | +9% | -15% | 27.4× | 10.7% | +28.4% |
| Urban URBANCO.NS | India | $2.58B | +8% | +36% | -26% | n/a | n/a | n/a |
| ePlus PLUS | United States | $2.40B | +2% | +15% | 7% | 16.1× | 4.3% | +9.5% |
| nCino NCNO | United States | $2.40B | +28% | +9% | 9% | 15.8× | 23.9% | +23.8% |
| RAKUS 3923.T | Japan | $2.38B | +24% | +17% | 31% | 14.1× | 15.8% | +31.4% |
| Shijiazhuang Changshan Beiming Technology 000158.SZ | China | $2.64B | -35% | -14% | 2% | n/a | n/a | n/a |
| Affle 3i AFFLE.NS | India | $2.36B | +6% | +20% | 18% | 40.0× | 33.0% | +39.3% |
| JWIPC Technology 001339.SZ | China | $2.72B | -19% | +41% | 21% | 21.9× | n/a | n/a |
| Shanghai Suochen Information Technology 688507.SS | China | $2.31B | +97% | +32% | -2% | 196.7× | n/a | n/a |
| NetScout Systems NTCT | United States | $2.29B | -19% | +6% | 15% | 11.6× | -0.1% | +0.7% |
| XD, Inc. 2400.HK | Hong Kong | $2.77B | -28% | +6% | 26% | 11.9× | 3.0% | +14.3% |
| Vertex VERX | United States | $2.77B | +14% | +11% | 1% | 17.4× | 57.9% | +14.8% |
| Schrodinger SDGR | United States | $2.23B | +125% | +9% | -59% | n/a | n/a | n/a |
| Servyou Software 603171.SS | China | $2.84B | -16% | +6% | 5% | 72.7× | 40.3% | +5.9% |
| Tata Technologies TATATECH.NS | India | $2.86B | +6% | +22% | 13% | 34.9× | 28.3% | +18.3% |
| SeeWay.ai 002405.SZ | China | $2.18B | -32% | +22% | -29% | n/a | n/a | n/a |
| Ethos Technologies LIFE | United States | $2.18B | +13% | +112% | -16% | 33.9× | 24.1% | n/a |