HK Stock Market Move | MEITU (01357) rises nearly 5% intraday; Q3 AI productivity app ARR up 40.1% year-on-year.

MEITU (01357) rose nearly 5% intraday, up 3.15% as of press time at HK$3.77, with turnover of HK$111 million. On the news front, on October 23, MEITU issued an announcement that paid subscribers increased by approximately 1.39 million net this quarter, a new high over the past four quarters. As of September 2026, paid subscribers reached 19.83 million. Among them, paid subscribers from productivity apps increased 18.3% year-on-year to 2.39 million, while paid subscribers from lifestyle scenario apps increased 24.1% year-on-year to 17.44 million. Meanwhile, the growth rate of paid subscribers from international markets continued to outpace that of the Chinese mainland market. As of September 2026, ARR of AI productivity apps was RMB655 million, up 40.1% year-on-year. Among them, the ARR of Kaipai and Vmake Labs both more than doubled year-on-year. In Q3 2026, revenue from the Group's main business "imaging and design products" (unaudited) increased 28.2% year-on-year to RMB1 billion, of which: revenue from productivity apps increased 42.3% year-on-year, accounting for approximately 20% of imaging and design product revenue.