On November 28th, Meitu (1357.HK) was honored with the WISE 2023 Artificial Intelligence Enterprise of the Year award, in recognition of its innovative products and profound technical expertise in the field of AI.

The 'WISE 2023 Enterprise of the Year' awards, initiated by 36Kr, seek to recognize enterprises that propel industrial development and contribute to economic growth through innovation. The awards are categorized into three main categories: Enterprise of the Year, Open Innovation Enterprise of the Year, and High-Growth New Economy Enterprise of the Year.

Within these, the category of "Artificial Intelligence Enterprise of the Year" seeks to recognize companies demonstrating robust self-research capabilities, exceptional implementation results, and substantial growth potential in the realm of artificial intelligence. Meitu has been chosen for its ongoing innovations and noteworthy practices.

A pioneer in imaging technology, Meitu embarked on an exploration of AI through their Meitu Imaging & Vision Lab (MT Lab) back in 2010.

Building upon its history, Meitu is rapidly advancing its AI capabilities. Throughout 2023, the company consistently introduced new AI functionalities on a weekly basis, including AI Animation, AI Sketches, AI Photos, and more. The Meitu App features a dedicated AI channel, allowing users to explore these new functions. Additionally, users in specific industries can access an array of AI tools through X-Design.

In June, Meitu revealed seven AI-powered imaging productivity tools during its Imaging Festival. This move signifies the establishment of an AI product ecosystem that spans beyond personal use, encompassing both lifestyle and production scenarios.

With AI gradually playing a widespread role in various industries, large AI models have become a key factor driving technological advancement. Meitu's in-house AI vision model, MiracleVision, has reached version 3.0. It is seamlessly integrated into Meitu's suite of image and design products, providing enhanced support to businesses and individuals in elevating their work efficiency and creative capabilities.

Due to significant advancements in AI, Meitu has experienced rapid growth. As of June 30, the company boasts over 7.2 million VIP members, marking a notable year-on-year increase of 44%. Furthermore, the net profit attributable to the owners of the company has surged to RMB 151 million, reflecting a remarkable year-on-year increase of 320.4%.