DLG EXPO(600826)2024-10-31 09:39Financial Performance - The company achieved a revenue of 932 million CNY in the first three quarters, with a net profit attributable to shareholders of 202 million CNY [1] - The net profit after deducting non-recurring gains and losses was 139 million CNY [1] - As of the end of the reporting period, total assets amounted to 5.612 billion CNY, and net assets attributable to shareholders were 3.922 billion CNY [1] - The weighted average return on equity was 5.19% [2] Event Management and Operations - In 2024, the company hosted 17 major exhibitions covering over 1.01 million square meters and 9 sports events with over 33,000 participants [2] - The Shanghai World Expo Exhibition Center hosted 65 exhibitions with a total rental area exceeding 8 million square meters [2] Financial Assets and Investments - The company holds approximately 1.45 billion CNY in other equity investments and 940 million CNY in trading financial assets [2] - The financial assets' fluctuations only affect the company's net assets and do not impact the profit and loss statement [2] Future Plans and Strategic Development - The company plans to enhance its self-owned IP share through both organic growth and mergers and acquisitions [3] - A new wholly-owned subsidiary will be established to focus on the World Artificial Intelligence Conference (WAIC) project, with a registered capital of 50 million CNY [4] - The company aims to expand its international presence through a new subsidiary in Hong Kong, targeting Southeast Asia, the Middle East, and South America [4] Dividend Policy - The company has maintained a cash dividend ratio exceeding 50% for four consecutive years [5] - The proposed cash dividend for the 2023 fiscal year is 0.28 CNY per share, totaling 145 million CNY [5] - The mid-year profit distribution plan for 2024 includes a cash dividend of 0.06 CNY per share, accounting for 52.86% of the net profit attributable to shareholders [5] Market Position and Brand Strategy - The company emphasizes value management and aims to enhance its brand as a leading exhibition service provider [5] - It focuses on the dual strategies of "Exhibition China" and "Digital Exhibition," targeting artificial intelligence, high-end equipment, and cultural tourism sectors [5] Technological Integration - The company is exploring digital transformation and integrating new technologies to enhance customer experience [6] - Initiatives include the "Digital Industrial Expo" platform and the WAIC digital platform for intelligent supply-demand matching [6]