近日，曲阜"国际会展全产业链服务一站式智造中心"项目正式竣工投产，无立柱现代化厂房具备大型展 台实景预搭能力，推动企业实现从单一加工到全链条一站式会展服务的转型升级。企业深耕艺术展、文 化展领域，以匠心工艺打造精品装置，同时立足曲阜儒家文化底蕴，推动会展产业与传统文化深度融 合，走"专而精"特色化发展之路，为曲阜文化产业与会展经济高质量发展注入强劲动能。 重点项目竣工投产 会展产业提质升级 2月25日，春意正浓。走进曲阜市息陬镇山东森为展览展示有限公司刚投用的无立柱现代化生产厂房， 宽敞通透的车间内一派繁忙有序的生产景象。工人们身着统一工装，分工协作、默契配合，正有条不紊 地开展物料搬运、结构拼装、细节调试等预搭建工序，高端数控设备与专业灯光音响系统同步运转，精 准高效推进项目落地。 深耕艺展提品质 文化赋能促转型 "除了大型商业会展，高品质艺术展、文化展也是我们重点深耕的领域。" 在预搭建现场，该公司设计 师崔小清指着一件已成型的艺术装置作品介绍道。"这件作品，是为'百鸟朝凤'主题艺术展量身打造的 核心展品之一。我们采用精细镂空工艺，将青龙、白虎、朱雀、玄武传统四圣兽图案立体呈现，内部搭 配专业光影系统，灯 ...

Group 1 - The core viewpoint of the articles highlights the efforts of Xiaoshan District in Hangzhou to optimize the business environment and support high-quality enterprise development through efficient approval processes and digital platforms [1][2] Group 2 - Xiaoshan District has implemented a "one-stop service" model for enterprise-related approvals, significantly reducing the approval time from 20 working days to under 5 working days, with some approvals being immediate [1] - A specific case is mentioned where an exhibition company was able to receive approval for a global e-commerce expo in just two working days, showcasing the effectiveness of the new system [1] - The "Assist Enterprise Cloud Station" digital platform has been integrated into the service model, allowing for online submission of requests, backend classification, and expedited processing, while also enabling risk assessment through data aggregation [1] Group 3 - Xiaoshan aims to become a core area for international events in Hangzhou, supported by top-tier venues like the National Exhibition and Convention Center and the Olympic Sports Center [2] - In 2025, Xiaoshan's public security bureau successfully managed 245 large-scale events, ensuring safety for over 6.4 million attendees [2] - The use of advanced technologies such as holographic maps and AR security platforms has improved crowd management and risk assessment capabilities, enhancing the overall event experience [2]

Core Insights - The exhibition industry is starting the new year positively, with various events scheduled across multiple sectors, enhancing consumer engagement and industry collaboration [1] Exhibition Overview - The 2026 China Exhibition Economy International Cooperation Forum will take place from January 21 to 23 in Wuhan, focusing on global exhibition industry trends and sustainable development [1] - The 38th Beijing Book Fair is scheduled for January 8 to 10 at the China International Exhibition Center, expecting around 700 exhibitors, including over 530 publishing units [2] - The 2026 International Consumer Electronics Show (CES) will occur from January 6 to 9 in Las Vegas, emphasizing AI technology and its impact on the consumer electronics sector [3] - The 2026 Frankfurt International Home and Contract Textiles Exhibition will be held from January 13 to 16, featuring over 2,800 exhibitors from 60 countries, with more than 900 from China [4] - The 2026 Harbin International Ice and Snow Economy Expo will take place from January 6 to 8, showcasing the ice and snow economy with a total exhibition area of approximately 20,000 square meters [5] - The 2026 Beijing Sports and Outdoor Products Exhibition (ISPO) is set for January 9 to 11, covering an exhibition area of 40,000 square meters with 500 exhibitors [6] - The second International Exhibition Activity Industry Chain Conference will be held from January 19 to 21 in Shenzhen, promoting collaboration across various sectors [7] - The 29th China (Sichuan) New Year Goods Shopping Festival will run from January 30 to February 11 in Chengdu and Chongqing, featuring over 1,000 enterprises and an exhibition area of 44,000 square meters [8] - The 2026 (Nanchang) Aerospace National Defense Science and Technology Expo will take place from December 31, 2025, to January 25, 2026, showcasing over 400 exhibits in a 17,000 square meter space [9][10]

Core Viewpoint - The China International Trade Promotion Committee announced the 2026 China Exhibition Economy International Cooperation Forum (CEFCO) will be held from January 21 to 23, 2026, in Wuhan, Hubei Province, with participation from over 20 countries and regions [1] Group 1 - CEFCO is a national-level, international professional exhibition forum approved by the State Council, co-founded by the China International Trade Promotion Committee and several international exhibition organizations in 2005 [1] - The forum has successfully held 20 sessions to date [1] - A strong high-level delegation from the Macau region will participate in the event [1]

Group 1 - The company, Miao Exhibition (300795.SZ), has submitted an application for the issuance of overseas listed shares (H shares) and for listing on the main board of the Hong Kong Stock Exchange on December 24, 2025 [1] - The application materials for this issuance and listing have been published on the Hong Kong Stock Exchange website on the same day [1]

Core Viewpoint - The company, Miao Exhibition (300795.SZ), has submitted an application for the issuance of overseas listed shares (H shares) and for listing on the main board of the Hong Kong Stock Exchange on December 24, 2025 [1] Group 1 - The application materials for this issuance and listing have been published on the Hong Kong Stock Exchange website on the same day [1]

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] - Miaohui Exhibition is a mature exhibition service provider, offering three main types of services: exhibition hosting, exhibition agency, and other services [3] - The company ranks first among all Chinese overseas exhibition institutions in terms of the number and area of self-organized exhibitions held abroad in 2024 [4][19] 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][8] - 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][8] - 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][10] Industry Overview - The exhibition industry is a highly organized segment of the modern service economy, facilitating efficient information exchange and business interactions [11] - The global exhibition industry is expected to experience robust and structural growth from 2024 to 2029, with the number of exhibitions projected to increase 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 expected to see significant recovery, with the number of exhibitions increasing from 5,408 in 2020 to 9,110 in 2024, and further projected to reach 10,385 by 2025 [14] Competitive Landscape - Miaohui Exhibition holds a market share of 45.4% among Chinese overseas exhibition institutions for self-organized exhibitions in 2024 [20]

Core Insights - The 2025 Venue Talk World Venue Forum was held in Hangzhou from November 26 to 28, attracting global venue management representatives, industry leaders, experts, and business executives to share the latest ideas and experiences, promoting technological cooperation and resource integration [1][2] - Hangzhou showcased its strengths and practical experiences in the exhibition industry, highlighting its successful hosting of major international events and its robust venue infrastructure [1][2] Group 1 - Hangzhou has established itself as a significant player in the exhibition industry, hosting notable events such as the Global Digital Trade Expo and the World Data Forum, which have enhanced the reputation of local exhibitions [1] - The total exhibition area for Hangzhou's exhibition projects is expected to exceed 3.5 million square meters this year, indicating a positive growth trend [1] - The city is equipped with six professional exhibition venues and various conference hotel clusters, capable of hosting high-level international exhibitions and diplomatic activities [1][2] Group 2 - The second phase of the Hangzhou International Expo Center is set to open in the first half of next year, and the second phase of the Hangzhou Convention and Exhibition Center will have an indoor exhibition area of 300,000 square meters, ranking sixth in the country [2] - A strong talent pool, active market participants, and a favorable business environment are key factors supporting the development of Hangzhou's exhibition economy [2] - According to the ICCA's 2024 global conference destination ranking, Hangzhou is positioned 26th among cities in the Asia-Pacific region [2] Group 3 - The World Venue Forum featured various segments, including plenary sessions, sub-forums, closed-door meetings, project matchmaking, and immersive experiences, allowing global guests to experience Hangzhou's exhibition service capabilities [3] - Participants had the opportunity to visit the Hangzhou International Expo Center's energy management center and other innovative facilities, showcasing how technology drives efficient and green operations [3] - The XR immersive exhibition "Tide Reflection Fantasy: Tang Palace Night Banquet" demonstrated how cutting-edge technology can create limitless possibilities for exhibition activities [3]

Group 1 - The company Miao Exhibition announced the convening of its sixth fifth board meeting on November 24, 2025, via video conference to review the proposal for issuing H-shares and listing on the Hong Kong Stock Exchange [1] - For the first half of 2025, the company's revenue composition shows that the exhibition industry accounts for 99.66%, while other businesses contribute 0.34% [1] - As of the report date, Miao Exhibition has a market capitalization of 4.4 billion yuan [1] Group 2 - Dapeng Industrial's strategic placement has resulted in significant profits for its controlling shareholder and family, with a subscription price of 9 yuan and a first-day listing price of 118 yuan, leading to a floating profit of 24.92 million yuan for the controlling shareholder and his brother [1]

Core Viewpoint - Miao Exhibition plans to apply for an initial public offering of H-shares and list on the Hong Kong Stock Exchange, focusing on the interests of existing shareholders and market conditions [1] Group 1: Company Overview - Miao Exhibition specializes in planning, organizing, promoting, and operating overseas exhibitions, primarily serving Chinese foreign trade enterprises and the exhibition industry [1] - The company has established a brand "Miao Lante," recognized in countries and regions involved in the Belt and Road Initiative, and operates two major brands, Homelife and Machinex, providing trade matching services for over 7,000 Chinese exhibitors annually [1][2] Group 2: International Expansion - Since 2025, Miao Exhibition has increased investment in global market expansion, establishing a wholly-owned subsidiary with an investment of 150 million yuan to focus on resource integration and business development [3] - The company has formed a joint venture with Panex WD International Limited to provide a one-stop solution for clients, including exhibition customer acquisition, overseas warehousing, local distribution, and supply chain finance [3] Group 3: Industry Trends - The Chinese exhibition industry is undergoing a deep transformation, with a slowdown in growth and structural optimization, as indicated by a survey showing a decline in companies participating in exhibitions in Germany and the U.S. [3] - Miao Exhibition has initiated an "export trade flash" action to help Chinese foreign trade enterprises reduce reliance on the U.S. market and quickly expand into non-U.S. markets [3] Group 4: Financial Performance - In the first three quarters of the year, Miao Exhibition reported revenue of 400 million yuan, a year-on-year decrease of 5.67%, and a net profit of 34.63 million yuan, down 49.17% year-on-year, impacted by canceled exhibitions and increased R&D investment in AI [4]