Summary by Futu AI
Metu Corporation (stock code: 1357) issued a positive profit forecast on January 21, 2024, forecasting that adjusted net profit from owners under non-international financial reporting criteria for 2023 will reach RMB3.30 billion to RMB 3.70 billion, an increase of approximately 200% to 230% YoY. In addition, according to international financial reporting criteria, net profit is expected to reach RMB3.40 billion to RMB3.90 billion, an increase of about 260% to 310% year-on-year. The growth in results was mainly driven by the rapid growth of the imaging and design products business, particularly the increase in subscription membership driven by generative AI technologies, and the growth in international market revenues brought about by the global strategic push. The Board of Directors stressed that the data has not yet been audited and reminded shareholders and potential investors to exercise caution when trading shares. The final audit results will be announced in March 2024.