Financial Performance - The company achieved operating revenue of 181.64 million yuan, a year-on-year increase of 92.51%[6] - The total profit amounted to -68.08 million yuan, reflecting a year-on-year growth of 16.74%[6] - The net profit attributable to ordinary shareholders, after deducting non-recurring gains and losses, was -53.53 million yuan, up 14.53% year-on-year[6] - The company's operating revenue for 2021 was ¥181,640,930.64, representing a 92.51% increase compared to ¥94,353,305.35 in 2020[22] - The net profit attributable to shareholders was -¥57,645,024.53, an improvement of 10.81% from -¥64,629,535.80 in 2020[22] - The basic earnings per share for 2021 was -¥0.58, an improvement of 10.77% from -¥0.65 in 2020[22] - Total revenue for the reporting period was ¥181.64 million, a 92.51% year-on-year increase, while total assets decreased by 1.45% to ¥522.88 million[48] - The exhibition industry accounted for ¥177,488,947.72, or 97.71% of total revenue, with a year-on-year growth of 88.11%[56] - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the fiscal year 2021, representing a year-over-year growth of 20%[196] Digital Exhibition Business - Digital exhibition revenue from the product "Wangzhan Trade Max" saw significant growth, contributing to a total of 154.03 million yuan in internet-related innovative business revenue, an increase of 86.24%[8] - The digital exhibition business is a key focus for future growth, aiming to assist foreign trade enterprises in expanding overseas markets[6] - The company has developed a new digital exhibition product called "网展贸 Meta" to facilitate online and offline trade for Chinese enterprises[18] - The company launched a dual-line dual-exhibition product called "Wanzhan Trade Meta," which facilitated nearly 10,000 instant negotiations between buyers and exhibitors during three successful exhibitions in Poland, Dubai, and Mexico, generating a procurement intention amount of nearly 100 million USD[39] - The company’s digital exhibition model integrates five service modules, including digital information, digital display, digital matchmaking, big data mining, and digital business negotiation[38] Market Expansion and Strategy - The company is focusing on expanding its international market presence through innovative service models and digital solutions[18] - In 2021, the company achieved an annual trade procurement of over 30 billion RMB through digital exhibitions, covering 14 trade distribution countries and serving nearly 3,000 exhibitors[38] - The company aims to enhance its market presence in RCEP countries, where trade with other member countries reached 12.07 trillion CNY in 2021, growing by 18.1%[101] - The company plans to hold 19 overseas exhibitions in 2022, covering a total area of approximately 180,000 square meters, serving nearly 5,000 foreign trade enterprises[100] - The company is actively pursuing market expansion strategies, targeting Southeast Asia and Europe, with plans to establish partnerships with local firms[141] Research and Development - R&D investment reached ¥23.50 million, a 71.91% increase year-on-year, accounting for 12.94% of revenue, with R&D personnel increasing by 74.29% to 61[42] - The company plans to continue investing in research and development, focusing on technologies such as panoramic and 3D display, virtual reality interaction, and artificial intelligence[103] - The company has allocated 200 million RMB for research and development in 2022, focusing on technology advancements and service improvements[197] Risks and Challenges - The company faces various risks including the ongoing impact of COVID-19, macroeconomic conditions, and new business expansion risks[8] - The ongoing COVID-19 pandemic poses a risk to the company's overseas exhibition business, prompting a shift towards digital exhibition promotion[106] - The company acknowledges risks related to macroeconomic fluctuations and potential loss of foreign trade orders due to the recovery of Southeast Asian countries[107] - Currency exchange rate fluctuations may impact the company's operating costs, particularly in its overseas exhibition business[109] - Political and economic risks in foreign countries could affect the company's ability to hold exhibitions and recover costs already incurred[110] Governance and Management - The company has established an "Investor Relations Management System" to enhance communication with investors and improve transparency[123] - The company has no controlling shareholder and operates independently in terms of assets, personnel, finance, and business[125] - The company has maintained a stable governance structure with no differences in voting rights arrangements[131] - The management team includes individuals with extensive experience in various roles across different companies, indicating a diverse leadership structure[147] - The company has implemented a performance evaluation system for senior management to ensure alignment of compensation with responsibilities and performance[180] Financial Management and Reporting - The company reported a net loss of 54,566,542, which is -10.44% of retained earnings, compared to a profit of 5,211,415.77, a decrease of 11.42% due to the impact of the pandemic[75] - The company received a warning letter from the China Securities Regulatory Commission for inaccurate earnings forecasts, which raised concerns about potential delisting risks due to financial indicators[149] - The management team has been held responsible for the discrepancies in earnings forecasts[149] - The company is focused on strengthening compliance with relevant laws and regulations to protect shareholder interests and ensure sustainable development[149] Employee and Talent Development - The total number of employees at the end of the reporting period was 643, with 304 in major subsidiaries[166] - The professional composition included 356 sales personnel, 54 technical staff, 13 financial staff, and 60 administrative staff[166] - The company plans to enhance its talent development strategy in 2022, focusing on recruiting professional talent and improving employee training[104] Future Outlook - The company provided a positive outlook for 2022, projecting a revenue growth of 10% to 1.32 billion RMB, driven by new market expansions and product offerings[141] - The management has set a performance guidance of 1.8 billion RMB in revenue for 2022, reflecting a strong confidence in growth strategies[198] - The company plans to increase its marketing budget by 25% in 2022 to enhance brand visibility and attract more exhibitors[141]

浙江米奥兰特商务会展股份有限公司 2021 年第三季度报告 证券代码：300795 证券简称：*ST 米奥 公告编号：2021-088 浙江米奥兰特商务会展股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在 虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告 中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 本报告期比上年同期增 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | 减 | | 同期增减 | | 营业收入（元） | 30,314,563.54 | -32.20% | 95,709,950.09 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥65,395,386.55, representing a 256.00% increase compared to ¥18,369,242.28 in the same period last year[22]. - The net profit attributable to shareholders was -¥23,218,644.27, an improvement of 57.13% from -¥54,163,422.77 year-on-year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥21,578,464.74, showing a 62.31% improvement from -¥57,255,525.64 in the previous year[22]. - The basic earnings per share were -¥0.230, a 57.41% improvement from -¥0.540 in the previous year[22]. - The net loss for the first half of 2021 was CNY 24,565,788.96, an improvement from a net loss of CNY 55,191,683.79 in the same period of 2020, reflecting a reduction in losses by approximately 55.5%[133]. - The company reported a total comprehensive income of CNY 349,848.98, recovering from a loss of CNY 17,121,813.33 in the previous year[138]. - The company's total equity at the end of the reporting period was 4,901.52 million yuan, with a capital reserve of 300.44 million yuan[151]. - The company reported a profit distribution to shareholders of 64 million yuan, reflecting a decrease of 91.69% compared to the previous year[151]. Cash Flow and Investments - The net cash flow from operating activities was -¥22,202,698.72, which is a decline of 65.77% compared to -¥13,393,843.72 in the same period last year[22]. - The company reported a significant increase in other income to CNY 3,974,058.39 in the first half of 2021, compared to CNY 3,351,508.39 in the same period of 2020, reflecting a growth of about 18.6%[131]. - The company experienced a net cash outflow from investment activities of ¥-14,196,790.40, a drastic increase of 1,128.03% compared to ¥-1,156,064.53 in the previous year, primarily due to increased purchases of financial products[38]. - The company incurred a total of CNY 90,700,000.00 in cash outflows related to investment activities, indicating a significant increase in investment expenditures[141]. - The company received 80,716,239.84 CNY related to investment activities, marking a significant increase compared to the previous period[145]. Assets and Liabilities - Total assets at the end of the reporting period were ¥499,884,555.85, down 5.78% from ¥530,568,359.42 at the end of the previous year[22]. - The total liabilities decreased to CNY 84,686,700.70 as of June 30, 2021, from CNY 95,097,609.11 at the end of 2020, a reduction of about 10.5%[125]. - The company's equity attributable to shareholders decreased to CNY 414,582,445.03 from CNY 434,081,499.96, reflecting a decline of approximately 4.5%[126]. - The total assets as of the end of the reporting period amounted to CNY 529,171,695.72, compared to CNY 517,554,713.52 at the end of the previous period, showing an increase of approximately 2.3%[130]. - The company's total liabilities at the end of the current period are CNY 300,395,770[159]. Research and Development - R&D investment for the reporting period was CNY 11,041,487.14, accounting for 16.88% of the half-year revenue[34]. - Research and development expenses increased to CNY 11,041,487.14 in the first half of 2021, up from CNY 6,506,926.46 in the first half of 2020, marking a rise of about 69.5%[131]. - The company has added 6 copyrights and 2 patents during the reporting period, reflecting its commitment to innovation[34]. Strategic Initiatives - The company launched a new digital exhibition model called "Net Exhibition Trade Max," which integrates various digital services to facilitate international trade[29]. - The company has established a new CRM system to enhance operational efficiency and data integration across teams[30]. - The company is focusing on the "Belt and Road" countries, leveraging its extensive buyer data and industry experience to serve small and medium-sized foreign trade enterprises[33]. - The company has made a strategic investment in MiMo Technology, resulting in a significant increase in long-term equity investments to ¥8,457,972.05, up from ¥457,968.84[44]. Market and Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report[5]. - The company faces risks from macroeconomic fluctuations, particularly due to its reliance on export-oriented SMEs, and aims to strengthen market development in RCEP countries[67]. - The company plans to enhance its digital exhibition market promotion and strengthen new product development to mitigate risks from the ongoing COVID-19 pandemic[66]. Shareholder Information - The largest shareholder, Fang Huansheng, holds 23.84% of the shares, totaling 23,879,718 shares, with a pledge of 3,200,000 shares[109]. - The second-largest shareholder, Pan Jianjun, holds 23.64% of the shares, totaling 23,678,019 shares[109]. - The total number of shares before the change was 100,164,000, with 63,248,081 shares (63.14%) under limited sale conditions and 36,915,919 shares (36.86%) under unlimited sale conditions[106]. Compliance and Governance - The semi-annual financial report has not been audited[85]. - The company has not encountered any issues in the use and disclosure of raised funds during the reporting period[59]. - There were no significant lawsuits or arbitration matters during the reporting period[88]. - The company has not engaged in any major related party transactions during the reporting period[89].

Financial Performance - The company's operating revenue for Q1 2021 was ¥26,478,808.30, representing a 118.71% increase compared to ¥12,106,812.51 in the same period last year[8] - The net profit attributable to shareholders was -¥18,459,145.67, a 10.85% improvement from -¥20,704,601.04 year-over-year[8] - The net cash flow from operating activities was -¥16,393,781.55, showing a 36.33% reduction in losses compared to -¥25,748,530.93 in the previous year[8] - The company's operating revenue for the reporting period reached 26.48 million, an increase of 118.71% compared to the same period last year, primarily driven by the growth in digital exhibition revenue[19] - The net profit attributable to shareholders was -18.46 million, reflecting a 10.85% increase compared to the previous year, indicating improved performance despite a loss[19] - The net loss for the period was CNY 22,827,572.50, compared to a loss of CNY 11,643,289.00 in the previous year[38] - The total comprehensive loss for Q1 2021 was CNY 18,382,874.41, compared to a loss of CNY 20,044,074.32 in the same period last year[43] - The total profit for Q1 2021 was a loss of CNY 20,033,906.87, compared to a loss of CNY 21,150,626.22 in the previous year, indicating a reduction in loss of approximately 5.3%[42] Assets and Liabilities - The total assets at the end of the reporting period were ¥507,270,104.86, down 4.39% from ¥530,568,359.42 at the end of the previous year[8] - The net assets attributable to shareholders decreased by 3.61%, from ¥434,081,499.96 to ¥418,407,104.49[8] - The total liabilities decreased to CNY 87,413,505.76 from CNY 95,097,609.11[35] - The total assets amounted to CNY 507,035,071.99, down from CNY 517,554,713.52 at the end of 2020[37] - The accounts payable increased to CNY 4.74 million from CNY 3.41 million at the end of 2020[33] Cash Flow - As of March 31, 2021, the company's cash and cash equivalents amounted to CNY 353.45 million, an increase from CNY 287.68 million at the end of 2020[32] - The cash flow from operating activities was CNY 24,244,998.50, down from CNY 32,615,067.25 in the previous period[49] - The net cash flow from operating activities was -16,393,781.55 CNY, compared to -25,748,530.93 CNY in the previous period, indicating an improvement of approximately 36.5%[50] - The total cash inflow from investment activities was 82,203,002.26 CNY, significantly higher than 48,000.00 CNY in the previous period, marking an increase of over 171,000%[50] - The net cash flow from investment activities was 81,931,267.70 CNY, compared to 29,782.00 CNY in the previous period, showing a substantial increase[50] - The ending balance of cash and cash equivalents was 353,454,514.36 CNY, down from 542,368,650.24 CNY in the previous period[51] Shareholder Information - The total number of shareholders at the end of the reporting period was 7,992[12] - The top shareholder, Fang Huansheng, holds 23.84% of the shares, with a total of 23,879,718 shares[12] Operational Insights - The company plans to enhance its risk management capabilities and optimize its service offerings in response to ongoing pandemic challenges[20] - Management expenses increased by 42.02% to 10.95 million, mainly due to higher equity incentive costs[18] - The company is focused on maintaining its core competitiveness by adjusting marketing strategies and improving operational efficiency[20] - The company will face a "delisting risk warning" due to a negative net profit for the previous year and revenue below 100 million[20] Fundraising and Investments - The total amount of raised funds for changing purposes reached CNY 165.73 million, with CNY 111.45 million already invested[24] - The proportion of the total amount of raised funds that has been changed in purpose is 54.82%[24] - The company plans to allocate CNY 101.38 million for the "Overseas Self-Hosted Exhibition Business Upgrade and Expansion Project" and CNY 64.35 million for the "ChinaHomelife247 Exhibition Foreign Trade O2O Matching Platform Upgrade Project"[25] Research and Development - Research and development expenses were CNY 3,837,871.53, compared to CNY 3,388,873.56 in the previous year[41] - The company reported a decrease in research and development expenses to CNY 1,330,877.29 from CNY 3,388,873.56 in the previous period[45] Compliance and Audit - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[56] - There were no violations of external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[27]

Financial Performance - The company reported total revenue of 94.35 million yuan in 2020, a decrease of 77.84% year-on-year[4]. - The total profit for the year was -81.77 million yuan, representing a decline of 194.89% compared to the previous year[4]. - The net profit attributable to ordinary shareholders, after deducting non-recurring gains and losses, was -62.63 million yuan, down 199.51% year-on-year[4]. - The company's operating revenue for 2020 was ¥94,353,305.35, a decrease of 77.84% compared to ¥425,776,377.62 in 2019[27]. - The net profit attributable to shareholders in 2020 was -¥64,629,535.80, representing a decline of 197.75% from ¥66,116,562.79 in 2019[27]. - The net cash flow from operating activities was -¥12,387,015.37 in 2020, down 120.92% from ¥59,224,048.26 in 2019[27]. - The total assets at the end of 2020 were ¥530,568,359.42, a decrease of 19.63% from ¥660,193,235.01 at the end of 2019[27]. - The net assets attributable to shareholders decreased by 27.84% to ¥434,081,499.96 at the end of 2020 from ¥601,517,675.10 at the end of 2019[27]. - The basic earnings per share for 2020 was -¥0.65, a decline of 178.31% from ¥0.83 in 2019[27]. - The weighted average return on net assets was -13.13% in 2020, down 34.04% from 20.91% in 2019[27]. Business Strategy and Market Focus - The company transitioned its offline exhibition business to a global online digital exhibition model in response to the COVID-19 pandemic[4]. - The company aims to enhance its digital exhibition market promotion and strengthen new product development to mitigate the impact of the pandemic on its business performance[8]. - The company plans to focus on developing the "Belt and Road" market and increase efforts in RCEP countries while optimizing its business model[10]. - The company is focusing on digital exhibition services and foreign trade digital marketing as part of its future strategy[20]. - The company is accelerating the development of its foreign trade digital marketing SaaS platform, aiming to provide a comprehensive marketing solution for foreign trade enterprises[99]. - The company plans to enhance its market presence in RCEP countries, hosting both online and offline professional exhibitions in nations such as Japan, South Korea, and Indonesia[100]. Risks and Challenges - The company faces risks related to delisting due to negative net profit and revenue below 100 million yuan, which may lead to a "delisting risk warning" for its stock[7]. - The ongoing COVID-19 pandemic continues to pose risks to the company's overseas exhibition business and overall operations[8]. - Currency exchange rate fluctuations pose a risk to the company's operating costs, particularly in transactions involving foreign currencies[106]. - The company is cautious about new business expansions, ensuring thorough feasibility studies to mitigate risks associated with industry competition and macroeconomic factors[106]. Research and Development - The company has invested CNY 13.67 million in R&D in 2020, accounting for 14.49% of total revenue[43]. - The company has developed 21 authorized software copyrights and filed 4 patent applications by the end of 2020[43]. - The company has established a digital R&D center of over 2,000 square meters in Hangzhou, employing over 100 R&D, product, and operations personnel[51]. - The company is increasing its R&D investment to strengthen its competitive edge in technology, focusing on areas like big data, automated marketing, and intelligent matching[101]. Digital Transformation and Online Engagement - The company shifted its focus to digital exhibitions, achieving a revenue of 82.70 million yuan from digital exhibitions and other services, a significant increase of 1,572.90% year-on-year[58]. - The company hosted nearly 100 online digital exhibitions, attracting merchants from over 20 countries, including Mexico and Brazil[38]. - The digital exhibition business included trade live streaming services, with 317 trade live streaming events held, and 91095 overseas professional buyers participated[38]. - The company has accumulated over 20 million independent buyer data from 154 countries on its TradeChina platform[48]. - The company has over 1.28 million registered buyers on its digital exhibition platform, with more than 150,000 active suppliers[48]. Shareholder and Dividend Policy - The company will not distribute cash dividends or issue bonus shares for the year[14]. - The total distributable profit for 2020 was RMB 5,211,415.77, with a cash dividend payout ratio of 0.00%[113]. - The company has maintained a consistent cash dividend policy, with no dividends paid in 2018 and 2020, while dividends were paid in 2019[112]. - The company’s actual profit available for distribution to ordinary shareholders was positive, yet no cash dividend proposal was made for 2020[113]. - The company has committed to maintaining compliance with its dividend policy and ensuring shareholder rights are protected[114]. Corporate Governance and Compliance - The company has not faced any major litigation or arbitration issues during the reporting period, indicating a stable legal environment[139]. - The company has engaged Tianjian Accounting Firm for auditing services, with a remuneration of 500,000 RMB, and has maintained this relationship for 8 years[137]. - The company has not encountered any penalties or corrective actions during the reporting period, reflecting compliance with regulations[140]. - The company has established a commitment to prioritize investment opportunities related to competitive businesses under equal conditions[130]. Future Outlook - The company provided guidance for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion RMB[193]. - New product launches are expected to contribute an additional 200 million RMB in revenue next year[193]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[193]. - Cost management strategies are projected to improve operating margins by 5% in the upcoming year[193].

Financial Performance - Operating revenue for the period was CNY 44,712,153.99, a decrease of 50.81% year-on-year[8] - Net profit attributable to shareholders was CNY 3,271,301.96, down 66.37% year-on-year[8] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2,009,327.06, a decrease of 78.42% year-on-year[8] - Basic earnings per share were CNY 0.03, down 76.92% year-on-year[8] - The company forecasts a net loss of between RMB 45 million and RMB 65 million for the year, a decline of 168.00% compared to the previous year[19] - The total operating revenue for the third quarter was CNY 36,896,697.96, a decrease from CNY 86,506,294.36 in the previous period[40] - The net profit for the third quarter was CNY 3,027,819.30, down from CNY 9,019,919.52 in the previous year, indicating a decline of approximately 66.5%[2] - The total comprehensive income for the third quarter was CNY 350,867.91, significantly lower than CNY 10,540,512.37 in the same quarter last year[38] - The total profit for the quarter was a loss of CNY 52,101,372.39, compared to a profit of CNY 33,575,558.88 in the previous year[45] Assets and Liabilities - Total assets decreased by 18.83% to CNY 535,901,071.37 compared to the end of the previous year[8] - Current assets decreased to CNY 434,984,363.75 from CNY 539,054,280.44, reflecting a decline of approximately 19.3%[30] - Total liabilities increased to CNY 83,703,508.47 from CNY 55,212,917.06, marking an increase of about 51.7%[29] - Non-current assets totaled CNY 56,716,875.84, down from CNY 57,867,796.70, indicating a decrease of approximately 2.0%[30] - The company's cash and cash equivalents decreased to CNY 386,056,206.96 from CNY 514,273,311.15, a decline of about 25.0%[30] - The total equity attributable to shareholders decreased to CNY 450,098,350.21 from CNY 601,517,675.10, a reduction of approximately 25.1%[30] - The total liabilities and equity decreased to CNY 515,968,051.37 from CNY 619,149,283.90, reflecting a decline of about 16.7%[33] - The company reported accounts payable of CNY 10,386,127.08 and contract liabilities of CNY 16,181,217.78[60] Cash Flow - The net cash flow from operating activities was CNY -9,525,579.40, a decrease of 5.61% compared to the previous period[8] - The net cash flow from operating activities was negative RMB 22,919,423.12, a decrease of 3365.00% due to reduced cash receipts from sales[16] - Total cash inflow from operating activities was 135,480,219.18 CNY, while cash outflow was 158,399,642.30 CNY, resulting in a net cash outflow of 22,919,423.12 CNY[52] - Cash flow from investment activities showed a net outflow of -2,211,643.02 CNY, compared to -1,143,656.88 CNY in the previous period, reflecting increased investment expenditures[53] - Cash flow from financing activities resulted in a net outflow of -101,886,586.74 CNY, significantly higher than -224,798.14 CNY in the previous period, indicating increased debt repayments and dividend distributions[53] Shareholder Information - The company reported a total of 10,829 common shareholders at the end of the reporting period[12] - The top ten shareholders held a combined 69.67% of the company's shares, with the largest shareholder holding 23.55%[12] Expenses - Research and development expenses increased by 131.45% to RMB 9,682,210.90 as the company intensified investment in digital exhibition development[16] - The company's management expenses rose to CNY 22,589,120.60 from CNY 19,488,886.63, reflecting an increase of 10.7% year-over-year[43] - The company's financial expenses for the quarter were CNY -10,681,801.52, compared to CNY -5,213,292.72 in the previous year, indicating an increase in financial costs[47] - Research and development expenses increased to CNY 7,442,041.98 from CNY 4,183,294.54, reflecting a 77.1% increase year-over-year[47] Other Financial Metrics - The weighted average return on net assets was 0.31%, down 3.48% year-on-year[8] - The company experienced a credit impairment loss of CNY -279,873.05, compared to a gain of CNY 73,742.74 in the previous period[1] - The company incurred credit impairment losses of CNY -450,190.12, compared to CNY -176,894.88 in the previous year, indicating a worsening of credit quality[47] - The company reported investment income of CNY 31,992,063.52, up from CNY 21,027,299.19 in the previous year, showing a 52.2% increase[47] Changes in Accounting Standards - The company implemented new revenue and leasing standards starting in 2020, which required adjustments to the financial statements[57] - The company is implementing new revenue and leasing standards starting in 2020, which may affect future financial reporting[65]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥18,369,242.28, a decrease of 89.12% compared to ¥168,782,938.84 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was a loss of ¥54,163,422.77, representing a decline of 426.60% from a profit of ¥16,583,790.87 in the previous year[20]. - The net cash flow from operating activities was a negative ¥13,393,843.72, down 260.25% from ¥8,358,102.84 in the same period last year[20]. - The basic earnings per share were -¥0.54, a decrease of 345.45% compared to ¥0.22 in the previous year[20]. - Total assets at the end of the reporting period were ¥549,742,488.77, a decrease of 16.73% from ¥660,193,235.01 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company were ¥447,601,299.63, down 25.59% from ¥601,517,675.10 at the end of the previous year[20]. - The weighted average return on net assets was -10.33%, a decline of 17.22% from 6.89% in the previous year[20]. - The net profit after deducting non-recurring gains and losses was a loss of ¥57,255,525.64, a decrease of 452.73% from a profit of ¥16,232,043.39 in the previous year[20]. - The company reported a significant decrease in operating costs, which fell by 75.07% to CNY 23,045,929.98, due to the cancellation of overseas exhibitions[60]. - The company reported a total revenue of 500 million RMB for the first half of 2020, representing a year-over-year increase of 15%[101]. Research and Development - The company expanded its R&D center personnel to 97, with R&D expenses increasing by 113.61% year-on-year[28]. - Research and development expenses increased by 113.61% to CNY 6,506,926.46, reflecting the company's focus on digital exhibition projects[52][60]. - The company has a total of 32 R&D personnel, accounting for 8% of the total workforce during the reporting period[50]. - The company is investing 50 million RMB in R&D for new technologies aimed at enhancing user experience and operational efficiency[102]. - Research and development investments increased by 30%, focusing on innovative technologies to enhance user experience[107]. Market and Product Development - The company has not reported any significant new product developments or market expansions during this period[20]. - The company is developing the "China Homelife 247" O2O matching platform to integrate internet and traditional exhibition services, enhancing its international influence[35]. - The company is focusing on self-hosted exhibitions in overseas markets, with a total exhibition area of 227,300 square meters last year, accounting for 21.64% of the total outbound exhibition area[33]. - The company has successfully organized and operated over ten overseas self-hosted exhibitions within a year, leveraging a standardized operational system that allows for rapid replication and expansion[40]. - The company is considering strategic acquisitions to enhance its service offerings, with a budget of 200 million RMB allocated for potential mergers[103]. Cash Flow and Financial Management - The company's cash and cash equivalents increased by 112.13% compared to the same period last year, primarily due to funds raised from the initial public offering[31]. - The company's cash flow from operating activities was negatively impacted by increased payments related to operational expenses, totaling 162,781,887.08 RMB, compared to 10,308,318.46 RMB in the previous year[185]. - The company reported a total cash outflow from financing activities of 101,054,000.00 RMB, with no cash inflow recorded during the period[186]. - The company has committed to a dividend policy that emphasizes shareholder returns and will actively implement relevant legal regulations and plans for dividends in the future[113]. - The company plans to use up to CNY 30,000 million of idle raised funds for cash management, ensuring it does not affect project construction[78]. Risks and Challenges - The COVID-19 pandemic has severely impacted the exhibition industry, with business activities halting and expected revenue reductions of over 50% for most exhibition companies in 2020[89]. - Future risks include potential changes in government subsidy policies that could increase costs for overseas exhibitions, impacting sales and operational performance[91]. - Increased competition in the overseas exhibition market is anticipated due to relaxed approval policies and the entry of more local exhibition companies[93]. - The client base is diverse but primarily consists of small export-oriented manufacturers, leading to significant client turnover risks[92]. - The company is addressing the risk of losing core business personnel by enhancing employee welfare and creating a harmonious work environment[92]. Shareholder and Governance - The company has established a three-year plan for shareholder dividend returns following its listing, highlighting its commitment to investor returns[113]. - The actual controller and senior management personnel have pledged to use at least one-third of their after-tax salary from the previous year for share repurchase, ensuring that the repurchase price does not exceed the audited net asset value per share from the previous fiscal year[111]. - The company has implemented measures to prevent the misuse of funds and ensure that no guarantees are provided for related parties[114]. - The company has outlined a clear framework for managing and disclosing related party transactions to protect the interests of shareholders[115]. - The company confirmed that all commitments made to minority shareholders were fulfilled in a timely manner[119]. Overall Financial Position - The total liabilities of the company were CNY 99,798,493.79, compared to CNY 55,212,917.06 at the end of 2019, representing an increase of approximately 80.73%[167]. - The company's total assets decreased to CNY 541,899,988.82 as of June 30, 2020, from CNY 619,149,283.90 at the end of 2019, reflecting a decline of 12.45%[171]. - The total equity attributable to shareholders of the parent company was CNY 447,601,299.63, down 25.43% from CNY 601,517,675.10 at the end of 2019[171]. - The company reported a comprehensive income loss of 17,121,813.33 yuan during the current period[193]. - The total comprehensive income for the current period increased by 6,354 million, compared to the previous period[190].

Financial Performance - Total revenue for Q1 2020 was ¥12,106,812.51, a decrease of 46.46% compared to ¥22,613,894.91 in the same period last year[8] - Net profit attributable to shareholders was -¥20,704,601.04, an improvement of 6.63% from -¥22,174,660.15 year-on-year[8] - Basic and diluted earnings per share improved by 30.00% to -¥0.21 from -¥0.30 in the same period last year[8] - The company's net profit for Q1 2020 was -21,137,222.42 CNY, compared to -21,950,260.91 CNY in the same period last year, showing a slight improvement[39] - The company reported a net profit of CNY 22,875,883.48 for Q1 2020, a significant decrease from CNY 112,512,946.23 in the previous period[35] - The total comprehensive income for Q1 2020 was -20,044,074.32 CNY, compared to -22,267,881.28 CNY in Q1 2019, reflecting a reduction in losses[40] Cash Flow - Net cash flow from operating activities was -¥25,748,530.93, slightly worse than -¥25,398,274.57 in the previous year, a decrease of 1.38%[8] - Cash flow from operating activities was 40,754,610.24 CNY, down from 57,319,061.73 CNY in the previous year, highlighting a decline in cash generation[46] - The total cash outflow from operating activities was 119,591,975.38 yuan, while cash inflow was 97,759,530.95 yuan, resulting in a net cash outflow of 21,832,444.43 yuan[50] - The company reported a cash outflow of 2,018,218.00 yuan from investing activities, a significant decrease from 14,999,805.83 yuan in the previous period[51] - The total operating cash inflow decreased by approximately 37.9% from 157,346,351.17 yuan to 97,759,530.95 yuan[50] Assets and Liabilities - Total assets at the end of the reporting period were ¥646,397,124.93, down 2.09% from ¥660,193,235.01 at the end of the previous year[8] - Total liabilities increased to CNY 186,097,047.35 from CNY 79,488,062.52 year-over-year[35] - The total assets as of March 31, 2020, amount to 646,397,124.93 yuan, a decrease from 660,193,235.01 yuan as of December 31, 2019[30] - The company's total equity decreased to CNY 450,024,158.63 from CNY 539,661,221.38 year-over-year[35] - Total current assets amounted to 539,054,280.44, with cash and cash equivalents at 514,273,311.15[56] Shareholder Information - The company had a total of 11,935 common shareholders at the end of the reporting period[11] - The largest shareholder, Pan Jianjun, held 23.55% of the shares, totaling 23,587,719 shares[11] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[12] Research and Development - Research and development expenses increased by 88.72% to CNY 3.39 million, reflecting the company's commitment to enhancing digital exhibition capabilities[15] - Research and development expenses increased to CNY 3,388,873.56 from CNY 1,795,688.81 year-over-year, indicating a focus on innovation[42] Operational Adjustments - The company has launched a digital exhibition platform, "Miaolante Digital Exhibition - Online Trade MAX," to support domestic and foreign trade enterprises amid the pandemic[16] - The company is actively monitoring the global economic environment and adjusting its marketing strategies to enhance its core competitiveness[17] - The company plans to continue enhancing its digital exhibition services to mitigate the impacts of the pandemic on its operations[17] Other Financial Metrics - Non-recurring gains and losses totaled ¥2,452,793.58 for the reporting period[9] - The company reported a credit impairment loss of 132,804.15 CNY, an increase from 30,020.87 CNY in the previous year, suggesting rising credit risk[43] - The company reported a significant increase in other payables, rising by 1525.69% to CNY 105.50 million, primarily due to dividend payments[15]

Financial Performance - The company's operating revenue for 2019 was ¥425,776,377.62, a decrease of 2.50% compared to ¥436,673,477.41 in 2018[16]. - The net profit attributable to shareholders for 2019 was ¥66,116,562.79, down 3.30% from ¥68,374,497.13 in 2018[16]. - The net profit after deducting non-recurring gains and losses was ¥62,932,779.65, an increase of 1.21% from ¥62,178,030.07 in 2018[16]. - The net cash flow from operating activities was ¥59,224,048.26, reflecting a 3.23% increase from ¥57,369,216.09 in 2018[16]. - The total assets at the end of 2019 amounted to ¥660,193,235.01, representing a 125.41% increase from ¥292,891,399.29 at the end of 2018[16]. - The net assets attributable to shareholders increased by 158.79% to ¥601,517,675.10 from ¥232,435,310.70 at the end of 2018[16]. - The basic earnings per share for 2019 was ¥0.83, a decrease of 8.79% from ¥0.91 in 2018[16]. - The weighted average return on equity was 20.91%, down 10.89% from 31.80% in 2018[16]. Exhibition Operations - The company organized 20 exhibitions in 2019, with a total exhibition area of 227,263 square meters and 4,282 participating enterprises, demonstrating its strong market presence[32]. - The revenue from the company's main business accounted for 90.1% of total revenue, highlighting the importance of its core exhibition services[32]. - The total area of overseas self-organized exhibitions reached 22.73 million square meters in 2019, indicating a robust growth trajectory in international markets[25]. - The Homelife series exhibitions were held in 11 countries, totaling 11 events, enhancing brand recognition and serving as a key channel for Chinese SMEs to expand overseas markets[35]. - The Machinex series exhibitions took place in 9 countries, with a total of 9 events, focusing on industrial machinery sectors such as plastic machinery and food processing[38]. - The company adopted a simultaneous exhibition model for both Machinex and Homelife series in the same regions, which increased overall scale and reduced operational costs[40]. - The company provided pre-exhibition training services to exhibitors, including market research and product pricing assessments, to enhance their marketing capabilities[42]. - The company organized investment forums and buyer forums to enhance international buyers' understanding of Chinese enterprises, significantly increasing trade success rates[49]. Digital and Technological Integration - The "China Homelife 247" platform has been established to integrate online and offline exhibition data, aiming to improve efficiency and effectiveness in trade matching[26]. - The company implemented an O2O matchmaking platform, "China Homelife 247," to connect registered buyers with exhibitors based on product categories, improving trade matching efficiency[44]. - The "Digital Foreign Trade" platform provides online services including digital showrooms and market insights, supporting foreign trade enterprises in finding buyers and showcasing products[55]. - The company has developed the "China Homelife 247" O2O platform, integrating online and offline marketing services to enhance customer satisfaction and loyalty[74][80]. - The company has established a smart matching system to enhance the efficiency of buyer-supplier interactions during exhibitions[76]. Market Trends and Industry Insights - The global exhibition industry is experiencing a shift in focus from developed countries in Europe and North America to the Asia-Pacific and Middle East regions due to rapid economic growth in these areas[90]. - The exhibition industry in China has seen significant growth since 2004, with international exhibition companies entering the market and competing for high-end segments[91]. - The exhibition industry is characterized by a lack of clear cyclical trends, as companies seek new markets during economic downturns, allowing international exhibition firms to capitalize on regional economic fluctuations[92]. - Seasonal trends affect the exhibition industry, with peak activity concentrated in June, September, and December, while periods like the Christmas holiday and Chinese New Year see reduced participation[93]. - The integration of new technologies such as online exhibition platforms and big data tools is enhancing the efficiency and experience of trade shows, marking a significant shift in the industry[96]. - The profit levels in China's exhibition industry have been steadily increasing, supported by government initiatives and the sector's inherent growth potential[97]. - There is a growing trend towards specialized exhibitions in China, moving from comprehensive to more focused events, reflecting a maturation of the industry[99]. Strategic Initiatives and Future Plans - The company plans to expand its overseas self-organized exhibitions, targeting new markets and industry segments to enhance service offerings[31]. - The company aims to enhance the quality of its exhibitions while increasing the scale and level of existing events, aligning with the Belt and Road Initiative[31]. - The company plans to expand its overseas self-organized exhibition business by adding two new project countries: Kenya and Indonesia in 2020[187]. - The company aims to enhance its online digital exhibition platform, planning to launch the world's first fully online digital exhibition product in 2020[188]. - The company intends to increase the number of self-organized exhibitions and expand their scale to enhance market influence and brand recognition[187]. Risks and Challenges - The company faces various risks including political and economic risks in overseas exhibition locations, exchange rate fluctuations, and intensified market competition[4]. - Currency exchange rate fluctuations pose a risk to the company's operating costs, particularly in its overseas exhibition business[193]. - Seasonal fluctuations in revenue are expected due to the nature of the exhibition industry, with peak periods concentrated in specific months[194]. - The company is exposed to legal risks in various countries where it operates, which could affect its business operations if local laws are not adhered to[194]. - Changes in government policies regarding subsidies for overseas exhibitions could impact the company's operational costs and sales performance[195]. - The company must address the risk of losing core business personnel, which is critical for maintaining its competitive advantage in the exhibition industry[196].

浙江米奥兰特商务会展股份有限公司 2019 年第三季度报告全文 浙江米奥兰特商务会展股份有限公司 2019 年第三季度报告 2019-004 2019 年 10 月 1 浙江米奥兰特商务会展股份有限公司 2019 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人潘建军、主管会计工作负责人王天东及会计机构负责人(会计主 管人员)王倩声明：保证季度报告中财务报表的真实、准确、完整。 2 浙江米奥兰特商务会展股份有限公司 2019 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增减 | | | --- | --- | --- | --- | --- | | 总资产（元） | 330,421,687.33 | 292,891,399.29 | | 12.81% | | 归属于上市公司 ...