米奥会展：5月12日召开业绩说明会，投资者参与

Core Viewpoint - The company, Miao Exhibition (300795), reported a decline in revenue and net profit for 2024, while emphasizing its strategic focus on digital transformation and international market expansion, particularly in the context of the global exhibition industry recovery post-pandemic [2][8]. Financial Performance - For the fiscal year 2024, the company achieved an operating income of 751 million yuan and a net profit of 163 million yuan [2]. - In Q1 2025, the company reported a significant decline in revenue to 17.27 million yuan, down 77.32% year-on-year, and a net loss of 36.79 million yuan [14]. Industry Trends - The global exhibition market is showing signs of recovery, with a 16% increase in revenue compared to 2019 levels, indicating a full recovery and growth beyond pre-pandemic figures [3][7]. - The company noted a shift in the outbound exhibition landscape, with a growing emphasis on investment-driven market expansion rather than solely trade [2][7]. Competitive Advantages - The company has established a leading position in digital exhibition capabilities, leveraging AI and big data to enhance customer engagement and operational efficiency [4][5]. - It possesses a unique overseas self-organized exhibition platform, which is crucial for promoting Chinese brands in international markets [4][5]. Strategic Focus - The company is concentrating on three main areas: Miao Exhibition, Miao Technology, and Miao Investment, with a strong emphasis on upgrading the exhibition segment through digitalization and specialization [5][8]. - The strategic shift from general exhibitions to specialized exhibitions is aimed at enhancing the quality and effectiveness of its offerings [8][12]. Market Expansion - The company is actively expanding its presence in emerging markets, particularly along the Belt and Road Initiative, BRICS countries, and RCEP regions, which are seen as key growth drivers [7][12]. - In 2024, the company successfully hosted 14 exhibitions across nine countries, attracting over 7,500 participating enterprises [8][12]. Future Outlook - The company anticipates that the exhibition industry will continue to evolve towards greater integration of technology, internationalization, and sustainability, with a focus on customized exhibition solutions [7][8]. - The ongoing geopolitical tensions and changes in trade policies are prompting the company to diversify its market strategies and reduce reliance on the U.S. market [6][7].