G Sachs Maintains MEITU Buy Rating on AI Agent Integration Driving Demand
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G Sachs maintains a Buy rating on MEITU, citing strong demand driven by AI agent integration. The company reported a 34% YoY increase in image and design product revenue to RMB852 million. Productivity tools revenue rose 45% YoY, and leisure tools revenue increased by 36%. The number of paying subscribers grew to 17.9 million, up from 16.9 million last year. G Sachs remains optimistic about user growth and average revenue per user, keeping the target price at HKD14.3.
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