Q1淡季表现平稳，关注2H24展会预售放量

Investment Rating - The report maintains a "Recommended" rating for the company [4]. Core Views - The company achieved a revenue of 76.13 million with a year-on-year growth of 12% in Q1 2024, and a net profit attributable to shareholders of 4.81 million, representing a significant increase of 349% year-on-year [4]. - The number of exhibitions in Q1 2024 increased compared to last year, driving revenue growth. However, the company experienced a decrease in contract liabilities by 23% year-on-year due to fewer exhibitions planned for Q2 [4]. - The company has introduced a profit distribution plan post-IPO, with a cash dividend of 0.76 million, resulting in a dividend rate of 40.6% [4]. - The company is expected to benefit from the trend of Chinese enterprises expanding overseas, with growth driven by the scale, number, and pricing of exhibitions [4]. Financial Summary - For 2024, the company forecasts revenue of 1.16 billion, a growth rate of 38.66%, and a net profit of 276.84 million, with a profit growth rate of 47.09% [12]. - The gross profit margin is projected to be 54.80% in 2024, with an EPS of 1.81 [12]. - The company’s net profit margin is expected to reach 23.91% in 2024, indicating strong profitability [13].