新股消息 | 米奥会展(300795.SZ)递表港交所 专注于提供展览主办服务

Company Overview - Zhejiang Miaolante Business Exhibition Co., Ltd. (Miaohui Exhibition) has submitted its listing application to the Hong Kong Stock Exchange, with China Merchants Securities International as its sole sponsor [1] - The company is a mature exhibition service provider, offering three main types of services: exhibition hosting, exhibition agency, and other services [3] - Miaohui Exhibition ranks first among all Chinese overseas exhibition institutions in terms of the number and area of self-organized exhibitions held abroad in 2024, according to Frost & Sullivan [3][20] Financial Performance - The company's revenue for the fiscal years 2022, 2023, 2024, and the six months ending June 30, 2025, were approximately RMB 348.31 million, RMB 834.97 million, RMB 751.37 million, and RMB 240.78 million respectively [6] - The net profit for the same periods was approximately RMB 51.15 million, RMB 197.26 million, RMB 163.05 million, and RMB 20.59 million [7] - The gross profit margin for the fiscal years 2022, 2023, 2024, and the six months ending June 30, 2025, were 48.1%, 49.4%, 49.7%, and 50.5% respectively [9] Industry Overview - The global exhibition industry is expected to enter a phase of steady and structural expansion from 2024 to 2029, with the number of exhibitions projected to grow from 32,214 in 2024 to 49,921 in 2029, representing a compound annual growth rate (CAGR) of approximately 9.2% [12] - The Chinese exhibition industry is also experiencing significant recovery, with the number of exhibitions expected to increase from 9,110 in 2024 to 15,693 in 2029, with a forecasted CAGR of 11.5% [14] - The overseas exhibition market is showing strong growth, driven by national support for Chinese enterprises to expand into international markets and enhance the global competitiveness of Chinese products [18] Competitive Landscape - Miaohui Exhibition holds a market share of 45.4% in the overseas exhibition sector, making it the leading institution in this space among Chinese companies [22]