News from October 10,$MEITU (01357.HK)$It rose more than 8% to a high of HK$3.74, a new high since February 2021. As of press release, it increased by 8.09% to HK$3.74, with a turnover of HK$158 million.

According to the news, on October 9, Meitu held its 15th birthday party and released version 3.0 of the self-developed AI vision model MiracleVision (Whimsical Intelligence). MiracleVision 3.0, a large visual model of Meitu's AI, will be fully applied to Meitu's video and design products, and will help the five major industries of e-commerce, advertising, gaming, animation, and film and television.

A previous research report by Guohai Securities pointed out that the company's business model is shifting to a subscription model, combined with AIGC's continuous empowerment, driving strong growth in the video and design products business. The post-epidemic growth rate of the beauty solutions and advertising business is also gradually recovering, and is expected to maintain steady growth.