Core Viewpoint - Miao Exhibition's stock price has shown a positive trend recently, with a 2.24% increase on December 1, 2023, and a total market capitalization of 4.642 billion yuan [1] Group 1: Stock Performance - As of December 1, 2023, Miao Exhibition's stock price is 15.53 yuan per share, with a trading volume of 75.52 million yuan and a turnover rate of 2.85% [1] - Year-to-date, the stock price has increased by 2.75%, with a 4.51% rise over the last five trading days and a 9.75% increase over the last 20 days, while it has decreased by 2.47% over the last 60 days [1] Group 2: Financial Performance - For the period from January to September 2025, Miao Exhibition reported a revenue of 401 million yuan, a year-on-year decrease of 5.67%, and a net profit attributable to shareholders of 34.63 million yuan, down 49.17% year-on-year [1] - The company has distributed a total of 344 million yuan in dividends since its A-share listing, with 244 million yuan distributed over the past three years [2] Group 3: Shareholder Information - As of September 30, 2025, Miao Exhibition had 12,000 shareholders, a decrease of 6.98% from the previous period, with an average of 14,435 circulating shares per shareholder, an increase of 7.36% [1] - Among the top ten circulating shareholders, the Jiashi Theme New Power Mixed Fund (070021) holds 1.3794 million shares, having decreased its holdings by 189,200 shares compared to the previous period [2]

Group 1 - The core viewpoint of the news is that Miao Exhibition has seen a significant increase in its stock price, rising by 5.77% to reach 15.77 yuan per share, with a total market capitalization of 4.714 billion yuan [1] - Miao Exhibition, established on June 30, 2010, and listed on October 22, 2019, specializes in planning, organizing, promoting, and operating exhibition projects, with 100% of its revenue coming from self-organized exhibitions [1] - The trading volume for Miao Exhibition reached approximately 70.5 million yuan, with a turnover rate of 2.72% [1] Group 2 - From the perspective of major shareholders, the fund managed by Jiashi Fund holds a position among the top ten circulating shareholders of Miao Exhibition, having reduced its holdings by 189,200 shares in the third quarter, now holding 1.3794 million shares, which is 0.8% of the circulating shares [2] - Jiashi Theme New Power Mixed Fund (070021) has achieved a year-to-date return of 21.63%, ranking 3608 out of 8130 in its category, and a one-year return of 14.2%, ranking 5068 out of 8054 [2] - Jiashi Multi-Dimensional Power Mixed A Fund (014307) has also reduced its holdings in Miao Exhibition by 13,300 shares, now holding 208,400 shares, which constitutes 3.68% of the fund's net value [4] Group 3 - The fund manager for Jiashi Theme New Power Mixed Fund is Meng Xia, who has been in the position for 5 years and 130 days, with the fund's total asset size at 6.83 billion yuan [3] - Meng Xia's best fund return during his tenure is 65.24%, while the worst return is -1.51% [3][5] - Jiashi Multi-Dimensional Power Mixed A Fund, also managed by Meng Xia, has a total asset size of 6.83 billion yuan, with a year-to-date return of 28.14% [4][5]