HK Stock Market Move | MEITU (01357) rises by over 8% again. The number of paid users in the first quarter hit a new high. The first disclosure of Al productivity application ARR is 580 million yuan.

MEITU (01357) rose by more than 8%, as of the time of publication, it increased by 6.99% to 5.05 Hong Kong dollars, with a turnover of 2.13 billion Hong Kong dollars. In terms of news, MEITU released its first-quarter business data for 2026. The data shows that its paid subscription user base has increased to 17.9 million, reaching a new historical high; revenue from image and design products mainly through paid subscriptions was 852 million yuan, a year-on-year increase of 34.3%. The company has disclosed for the first time the annual recurring revenue (ARR) indicator of AI productivity applications. As of March 2026, the ARR of AI productivity applications is approximately 580 million yuan, a year-on-year increase of 56.2%. Orient mentioned that the continuous adjustment and maturity of the 2026 Agent workflow is more user-friendly for small and medium-sized businesses with relatively unclear job divisions. The Agent drives a significant increase in Token consumption, which is expected to gradually an increase in ARPU value, forming a dual-wheel drive of paid subscriptions and ARPPU, jointly supporting steady growth in productivity scene revenue.