Meitu, Inc.
1357Company Overview
Meitu was founded in October 2008. Driven by artificial intelligence, it is a leading image processing and social networking platform in China. With the mission of “making everyone easy and beautiful”, Meitu has created a series of software and hardware products around “beauty,” such as Meitu Xiuxiu, Beauty Camera, Meitu Skin, and Meitu Magic Mirror, which have changed the way users create and share beauty, and have also deepened the selfie culture. On December 15, 2016, Meitu was listed on the main board of the Hong Kong Stock Exchange (“Stock Exchange”), stock code: 1357. In 2010, Meitu established the core R&D department, Meitu Imaging Laboratory, MTLab, which is dedicated to research and development in artificial intelligence (AI) related fields such as computer vision, deep learning, and computer graphics, to promote the company's business development through core technological innovation. As of December 31, 2019, Meitu's video and community application matrix has been activated on more than 1.88 billion independent devices worldwide, with more than 282 million monthly active users. In addition, Meitu currently has more than 724 million overseas users. It has more than 10 million total users in each of the 15 countries of Brazil, India, Indonesia, Japan, Malaysia, the Philippines, South Korea, Thailand, the United States, Vietnam, Pakistan, Bangladesh, Nigeria, Canada, and Mexico, and 61 countries have more than 1 million users.
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
This stock meets all Shariah compliance criteria according to AAOIFI standards.
Name | Meitu, Inc. |
Ticker | 1357 |
Main Business | Internet Content & Information |
Type | Common Stock |
Industry | Internet Content & Information |
Country | HK |
Market Cap | $2.10 B |
Shariah Analysis Breakdown
Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
---|---|---|---|
VIP Subscription Business | $782.2 | $0.0 | - |
online advertising | $596.0 | $0.0 | - |
SaaS and related businesses | $462.9 | $0.0 | - |
IMS and others | $148.6 | $0.0 | - |
Internet value-added services | $95.6 | $0.0 | - |
Total | $2,085.3 | $0.0 | 0.00% (passed) |
Liability Item | Value ($M) | % of Market Cap |
---|---|---|
bank loans and overdrafts | $2,098,039.2 | 0.10% |
convertible notes and bonds | $18,847,338.9 | 0.90% |
Total Interest-Bearing Debt | $20,945,378.2 | 1.00% |
Market Capitalization | $2,104,615,384.6 | 100.00% |
Compliance Status | Threshold: 33% | passed |