Meitu Inc.'s financial report for the first half of 2024 shows a total revenue of 1.62 billion yuan, a year-over-year increase of 28.6%, with an adjusted net profit of 270 million yuan, representing an 80.3% growth. The increase in revenue and net profit is mainly attributed to the advancement of generative AI technology, particularly in the application of imaging and design products. Subscription revenue reached 930 million yuan, reflecting a year-over-year growth of 54.5%, accounting for 57.4% of total revenue. As of June 30, the number of paid subscribers exceeded 10.81 million, with a penetration rate of approximately 4.2%. Meitu's Design Studio focuses on e-commerce design.