智通财经APP获悉，据港交所12月24日披露，浙江米奥兰特商务会展股份有限公司(简称：米奥会展)向 港交所主板递交上市申请书，招商证券国际为其独家保荐人。招股书显示，米奥会展(300795.SZ)是一 家成熟的展览服务提供商。公司主要作为展览主办方，提供包括展览管理、展位销售及其他展览相关服 务在内的全面服务，且举办的展览场地覆盖五大洲的多个国家及地区，例如阿联酋、印尼、日本、墨西 哥、巴西、越南、中国内地、波兰及埃及。 根据弗若斯特沙利文的资料，按2024年举办的境外自办展览数量及面积计，公司在所有中国的境外展览 机构中名列第一。 ...

来源：新浪港股-好仓工作室 招股书解读 主营业务与商业模式：境外展览占比94.5% 地缘政治成最大隐患 浙江米奥兰特商务会展股份有限公司（下称"米奥兰特"）核心业务为境外展览主办，2025年上半年境外 自办展览收入占比达94.5%，覆盖印尼、阿联酋、越南等30余个国家。根据弗若斯特沙利文数据，其 2024年以45.4%市场份额位居国内境外展览机构第一，但业务结构高度单一——展览主办服务收入占比 89.4%，且客户中98.8%为中国出口企业，依赖外贸行业景气度。 风险点：境外展览集中于新兴市场，2025年上半年印尼（35.9%）、阿联酋（25.0%）、越南（16.5%） 三大市场收入合计占比77.4%。若当地政治动荡（如签证政策收紧）、贸易摩擦加剧或极端天气（如 2025年印尼暴雨导致展览延期损失3000万元），将直接冲击业绩。 财务表现：净利腰斩、营收连降 现金流与偿债能力双恶化 营收与利润：2025年上半年净利同比大降55% 营收连续两年下滑指标2022年2023年2024年2025年 H12025年H1同比变化营业收入（人民币千元）348,313834,971751,366240,781-7.4%净利润（ ...

香港聯合交易所有限公司及證券及期貨事務監察委員會對本申請版本的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表明概不就因本申請版本全部或任何部分內容而產生或因依賴 該等內容而引致的任何損失承擔任何責任。 Zhejiang Meorient Commerce & Exhibition Inc.* 浙 江 米 奧 蘭 特 商 務 會 展 股 份 有 限 公 司 （「本公司」） （於中華人民共和國註冊成立的股份有限公司） 之申請版本 警告 本申請版本乃根據香港聯合交易所有限公司（「聯交所」）及證券及期貨事務監察委員會（「證監會」）的 要求而刊發，僅用作提供資料予香港公眾人士。 本申請版本為草擬本，其內所載資料並不完整，亦可能會作出重大變動。 閣下閱覽本文件，即代 表 閣下知悉、接納並向本公司、本公司的獨家保薦人、整體協調人、顧問或包銷團成員表示同意： 倘於適當時候向香港公眾人士提出要約或邀請，準投資者務請僅依據與香港公司註冊處處長註冊的 本公司招股章程作出投資決定，招股章程的文本將於發售期內向公眾派發。 * 僅供識別。 (a) 本文件僅為向香港公眾提供有關本公司的資料，概無任何其他目的。投資者不應根據本 ...

Core Viewpoint - Wuhan is accelerating its development as an "International Convention and Exhibition Center City" through a three-year action plan, aiming to enhance its economic and social development during the "14th Five-Year" and "15th Five-Year" periods, while integrating the exhibition economy with various sectors to create new growth points [1][3][16]. Group 1: Economic Development and Goals - The Wuhan Municipal Government has outlined a roadmap for economic and social development, focusing on strengthening five key industrial clusters: Optics Valley, Automotive Valley, Internet Valley, Aerospace Valley, and Pharmaceutical Valley [1]. - The city aims to host 1,200 events by 2027, with a total exhibition area of 3.8 million square meters and 80 international exhibitions, enhancing its capacity and infrastructure [8][15]. Group 2: Exhibition Industry Growth - In 2025, Wuhan is expected to host over 1,100 exhibitions, with a year-on-year growth of 7.13% in the number of events held [2]. - Major exhibitions like the International Agricultural Machinery Exhibition and the International Wine Expo have attracted thousands of exhibitors and significant attendance, showcasing Wuhan's growing role as a key exhibition hub [4][5]. Group 3: Integration of Industries - The "Exhibition + Industry" model is being promoted to create a virtuous cycle of "exhibition-driven production" and "production-driven exhibition," linking various sectors such as consumption, investment, and cultural tourism [10][12]. - The integration of the exhibition industry with the "Five Valleys" industrial clusters is expected to enhance the overall economic landscape of Wuhan, driving innovation and collaboration [13][16]. Group 4: Internationalization Efforts - Wuhan is actively inviting global enterprises to host events, aiming to establish itself as a high-end conference destination and enhance its international competitiveness [15]. - The city has successfully attracted international participation in events, exemplified by the recent Han Trade Fair, which featured significant foreign attendance and trade agreements [14]. Group 5: Policy Support and Infrastructure - A comprehensive policy framework is in place to support the exhibition industry, including financial incentives for qualifying exhibitions and the development of a robust service ecosystem [9][10]. - Wuhan's exhibition venues, such as the Wuhan International Expo Center, provide substantial space and facilities to accommodate large-scale events, reinforcing the city's capacity to host significant exhibitions [9].

Core Viewpoint - Wuhan is positioning itself as an international exhibition center city, aiming to enhance its economic and social development during the "14th Five-Year Plan" and "15th Five-Year Plan" periods, with a focus on five key industrial clusters known as the "Five Valleys" [1] Group 1: Economic Development and Exhibition Industry - The city plans to develop a modern industrial system characterized by its unique advantages, aiming for a GDP of 3 trillion yuan [1] - The "Three-Year Action Plan for Building an International Exhibition Center City" outlines goals for high-quality development in the exhibition industry [1] - In 2025, Wuhan aims to host 1,200 various exhibition events, with a total exhibition area of 3.8 million square meters and 80 international exhibitions [7][8] Group 2: Growth Metrics and Achievements - In 2025, Wuhan hosted 1,021 exhibition events from January to November, a year-on-year increase of 7.13%, with expectations to exceed 1,100 events for the year [4] - Major exhibitions like the International Agricultural Machinery Exhibition and the International Wine Expo have attracted thousands of exhibitors and significant attendance, showcasing Wuhan's growing influence [5][6] - The 2025 Wuhan (Hankou North) Commodity Trade Fair attracted over 5,000 exhibitors and generated a total transaction volume of 180 billion yuan [6] Group 3: Integration and Innovation - The "Exhibition + Industry" model is being promoted to create new economic growth points by integrating various sectors such as consumption, investment, and cultural tourism [12] - The city is focusing on deep integration with key industries, leveraging its geographical advantages to enhance the exhibition economy [8][13] - The exhibition industry is seen as a leading force in driving the development of various sectors, necessitating collaboration and synergy with related industries [8] Group 4: Internationalization and Global Engagement - Wuhan is enhancing its international profile through a series of high-level international exhibitions, such as the World Digital Education Conference, which attracted representatives from over 80 countries [7] - The city aims to invite top global companies to host events, thereby establishing itself as a destination for high-end international conferences [19] - The internationalization of the exhibition matrix is expected to elevate Wuhan's status as a global trade hub, facilitating international trade and cooperation [16][18]

在人民日报数字传播的专访中，厦门建发会展集团董事长潘子万以厦门国际石材展为例，具体说明了集团自办展会业务的发展路径与成效。潘子万首先点明 了该展会的发展关键节点："以厦门国际石材展来说，真正发展壮大是从2004年开始。"他对比了展会的规模变化："从大概4000平方规模的石材展会，发展 到现在近20万平米的世界第一大石材展。" 厦门建发会展集团董事长潘子万将这一发展成果归因于持续的创新实践："在大胆创新的机制下，石材展逐步发展成为厦门当之无愧的品牌国际展会。"通过 对这一典型案例的说明，潘子万直观地展示了厦门建发会展集团在创办和运营自有IP专业展会方面的能力与成果。 潘子万描述了该展会承担的平台功能："来自世界各地的石材业的嘉宾在这里沟通交流、信息互通、发展技术，将中国的石材产业展现在全球面前。"他提供 了反映其国际影响力的具体数据："目前每年有近60个国家和地区来参加，国际展区超过3万平方米。" ...

Summary of the Conference Call for Miao Exhibition Company Overview - **Company**: Miao Exhibition - **Industry**: Exhibition and Trade Shows Key Points and Arguments 1. Exhibition Growth and Financial Performance - In 2025, the number of exhibitions is expected to grow by nearly 20%, reaching approximately 15,000 events, despite challenges such as visa issues in India and high discount demands from clients, leading to a projected profit decline compared to 2024 [2][4][25] - The average revenue per position is expected to drop below 55,000 yuan, lower than the 55,000-56,000 yuan range in 2024 [2][16] 2. Strategic Expansion Plans - The company plans to focus on expanding industrial exhibitions in Indonesia, Vietnam, Saudi Arabia, and Brazil in 2026, particularly capitalizing on Saudi Arabia's economic reforms and diversification strategy [2][6][10] - The company aims to deepen its presence in Southeast Asia and the Middle East, with specific measures to enhance its market share in these regions [8][10] 3. AI Exhibition Development - AI Exhibition 1.0 has been launched with six key features, achieving a purchase rate of about 45% [2][11] - AI Exhibition 2.0 is set to be fully launched before the Spring Festival, with a target to exceed a 50% purchase rate and generate revenue of 100 million yuan in 2026 [2][12][19] 4. Hong Kong IPO and Fundraising - The decision to list on the Hong Kong stock exchange is driven by the need for an international capital market to support overseas acquisitions, with plans to raise approximately 300-400 million yuan for this purpose [2][13][21] - The company aims to acquire exhibitions in Southeast Asia, the Middle East, Brazil, and South Africa, focusing on those with high internationalization and brand influence [21][22] 5. Supply Chain Initiatives - A new supply chain company has been established to address import challenges faced by small buyers, aiming to enhance participation rates and create new revenue streams [2][14] - The company plans to pilot this model in Indonesia and Brazil in 2026, leveraging partnerships to provide comprehensive supply chain services [2][14] 6. Future Revenue and Profit Expectations - For 2025, revenue is expected to grow by about 10%, but profits are projected to decline to between 120-130 million yuan, down from 140-150 million yuan in 2024 [2][25] - In 2026, with the introduction of overseas warehouse operations, both revenue and profit are anticipated to increase by over 20% [2][25] 7. Market Focus and Challenges - The company is shifting its focus away from India due to visa issues and is prioritizing markets in the Middle East and Southeast Asia, which are seen as more stable and promising [17] - The overall discount rate has increased, impacting revenue per position and profit margins [16] 8. Customer Retention and Future Strategies - The expected repurchase rate for 2025 is around 30%, indicating room for improvement in customer retention strategies [20] - The company plans to enhance service quality and digital exhibition methods to improve repurchase rates, particularly for VIP clients [20] 9. Dividend Policy - The company intends to allocate over 80% of its annual profits for dividends, while also considering potential investments in overseas operations [24] This summary encapsulates the key insights and strategic directions discussed during the conference call, highlighting Miao Exhibition's growth trajectory, market strategies, and financial outlook.

"十五五"开局之际，中国会展业正站在从"展览大国"迈向"展览强国"的关键节点。面对全球经济增 长放缓、产业链重构的外部环境，以及行业内部的结构性挑战，会展业亟需通过第二次重大转型，开拓 新赛道，发展新优势。 11月5日至10日，第八届中国国际进口博览会在上海举办。图为参观者正在走进中国馆。中国经济 网记者 马常艳／摄 战略机遇：会展业迎来价值重塑关键期 近期召开的中央经济工作会议，确定了明年经济工作要抓好的八个方面重点任务，其中"坚持内需 主导，建设强大国内市场；坚持创新驱动，加紧培育壮大新动能"，为会展业发展提供了最根本的遵循 和最清晰的指引。 中国会展经济研究会会长曲维玺指出，会展作为连接生产与消费、国内与国际的核心平台，其价值 正被重新定义：它不仅是激发内需、培育新型消费的"先锋场景"，更是驱动产业升级、为战略性新兴产 业提供全链条解决方案的"价值枢纽"，以及推动高水平对外开放、助力"中国智造"出海的"战略通道"。 这一价值重塑，要求会展业深度融入国家现代化产业体系建设。曲维玺强调，会展业需通过深 化"展产融合"来推动这一核心任务。同时，改革创新将为会展业态模式创新提供动力，国内统一大市场 的建设将有助 ...

与会代表聚焦行业发展关键议题，围绕推动海外高品质品牌自办展、吸引优质企业参与，促进不同规模 展会协同合作、同期举办实现互利共赢等内容充分交换意见。针对行业人才建设，多位代表结合实践经 验，就加强内部青年人才培训交流、构建完善行业人才梯队提出建议；同时，在会员单位展会宣传推 广、年度重点工作规划落实等方面分享了宝贵经验。 本次会议由中国铸造协会执行副会长范琦主持。中国仪器仪表学会名誉副理事长吴幼华、中国会展经济 研究会会长曲维玺分别致欢迎辞，肯定了机展联在推动行业交流合作中的重要作用，并寄语行业在新起 点上实现更高质量发展。 会议按照章程选举产生了机展联新一届领导机构。其中，西麦克国际展览有限责任公司当选主任委员单 位，中国机床工具工业协会、中国机械国际合作股份有限公司、中国机械工程学会、中国电工技术学 会、中国铸造协会当选副主任委员单位，西麦克国际展览有限责任公司同时承担秘书处工作，沙旋当选 秘书长。新一届领导班子的产生，为机展联后续工作开展奠定了坚实组织基础。 机展联主任杨明在总结时提出"三个协同"发展理念，即市场协同、产业链协同、机构协同，并表示秘书 处单位将提供资源、人力、财力"三个支持"，全力推动机展 ...

Group 1 - The national integration development conference and the Cangzhou high-quality development conference were held on December 12, focusing on "integration of production and exhibition to empower a new chapter in consumption" [2][6] - Keynote speeches were delivered by industry leaders discussing the challenges and opportunities facing the exhibition industry during the 14th Five-Year Plan period and the transformation of the exhibition industry from a global perspective [2][6] - Several authoritative reports were released, including the "China Exhibition Industry Development Report" and the "Beijing-Tianjin-Hebei Production-Exhibition Integration Development Report" [2][6] Group 2 - The Cangzhou high-quality development conference featured a presentation on industrial investment promotion and discussions on the integration of exhibitions with culture, commerce, tourism, and sports [4][8] - The conference also announced the 2025 annual Chinese exhibition innovation cases and typical cases of production-exhibition integration in Hebei Province, highlighting successful exhibitions such as the Dongguang Packaging Machinery International Expo and the Cangzhou Pipeline Equipment Exhibition [4][8]