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.

iQIYI's revenue in 2023 is 31.9 billion with a net profit of 2.8 billion; plans to develop AIGC and overseas expansion as new businesses.

Baidu's net profit increased by nearly 40% in 2023, with total revenue of 134.598 billion yuan and net profit of 28.7 billion yuan. In the fourth quarter, Baidu's net profit was 7.755 billion yuan, with core revenue of 103.465 billion yuan. The monthly active users of Baidu App reached 667 million, and Baidu Smart Cloud generated total revenue of 8.4 billion yuan in the fourth quarter. Large models contributed approximately 660 million in incremental revenue for cloud business. The inference cost of the Wenxin large model has been reduced to 1% of the version from last March, with daily invocation exceeding 50 million times and total applications surpassing 50 million times on the AI chip.

Baidu's net profit for 2023 surged 39% to 28.7 billion yuan. Baidu's total revenue for the entire year of 2023 is 134.598 billion yuan. Baidu's total revenue for the fourth quarter of 2023 is 35 billion yuan. Baidu's net profit under non-GAAP for 2023 reached 28.7 billion yuan.