Meitu Financial Report: In 2023, investments in Bitcoin and Ethereum incurred losses of 170 million yuan and 94.8 million yuan respectively

Meitu recently disclosed its 2023 performance, achieving a revenue of about 2.696 billion yuan, an increase of 29.27% year-on-year; the adjusted net profit attributable to the parent company was 370 million yuan (excluding the impact of cryptocurrency depreciation and other factors), an increase of 233.2% year-on-year. However, Meitu still suffered losses in cryptocurrency investments. In 2023, Meitu's investments in Bitcoin and Ethereum respectively lost 170 million yuan and 94.8 million yuan, while in 2022 they respectively lost 198.2 million yuan and 86.6 million yuan. Meitu stated that the growth in total revenue and net profit is mainly due to AI driving the growth of main business income.