Reported Earnings • Apr 28
First quarter 2026 earnings released: CN¥0.08 loss per share (vs CN¥0.12 loss in 1Q 2025) First quarter 2026 results: CN¥0.08 loss per share (improved from CN¥0.12 loss in 1Q 2025). Revenue: CN¥39.3m (up 128% from 1Q 2025). Net loss: CN¥24.7m (loss narrowed 33% from 1Q 2025). Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Announcement • Mar 31
Zhejiang Meorient Commerce Exhibition Inc. to Report Q1, 2026 Results on Apr 27, 2026 Zhejiang Meorient Commerce Exhibition Inc. announced that they will report Q1, 2026 results on Apr 27, 2026 Reported Earnings • Mar 27
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.46 (down from CN¥0.52 in FY 2024). Revenue: CN¥784.8m (up 4.5% from FY 2024). Net income: CN¥136.7m (down 12% from FY 2024). Profit margin: 17% (down from 21% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 28%. Earnings per share (EPS) also missed analyst estimates by 47%. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Mar 25
Zhejiang Meorient Commerce Exhibition Inc., Annual General Meeting, Apr 20, 2026 Zhejiang Meorient Commerce Exhibition Inc., Annual General Meeting, Apr 20, 2026, at 14:30 China Standard Time. Location: No. 218, Hengfeng Road, Jing'an District, Shanghai China Announcement • Dec 31
Zhejiang Meorient Commerce Exhibition Inc. to Report Fiscal Year 2025 Results on Mar 26, 2026 Zhejiang Meorient Commerce Exhibition Inc. announced that they will report fiscal year 2025 results on Mar 26, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.078 (vs CN¥0.092 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.078 (down from CN¥0.092 in 3Q 2024). Revenue: CN¥160.0m (down 2.9% from 3Q 2024). Net income: CN¥19.1m (down 30% from 3Q 2024). Profit margin: 12% (down from 17% in 3Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Zhejiang Meorient Commerce Exhibition Inc. to Report Q3, 2025 Results on Oct 28, 2025 Zhejiang Meorient Commerce Exhibition Inc. announced that they will report Q3, 2025 results on Oct 28, 2025 Announcement • Aug 30
Zhejiang Meorient Commerce Exhibition Inc. Proposes Interim Profit Distribution Plan for 2025 Zhejiang Meorient Commerce Exhibition Inc. will hold the 2nd Extraordinary General Meeting of 2025 on 15 September 2025, proposed 2025 interim profit distribution plan: Cash dividend/10 shares (tax included): CNY 0.67000000. Announcement • Jul 02
Zhejiang Meorient Commerce Exhibition Inc. to Report First Half, 2025 Results on Aug 29, 2025 Zhejiang Meorient Commerce Exhibition Inc. announced that they will report first half, 2025 results on Aug 29, 2025 New Risk • May 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 29% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 129% Cash payout ratio: 167% Minor Risk Shareholders have been diluted in the past year (29% increase in shares outstanding). Valuation Update With 7 Day Price Move • May 28
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to CN¥15.38, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 26x in the Media industry in China. Total returns to shareholders of 72% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.21 per share. Reported Earnings • Apr 26
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.68 (down from CN¥0.83 in FY 2023). Revenue: CN¥751.4m (down 10.0% from FY 2023). Net income: CN¥155.2m (down 18% from FY 2023). Profit margin: 21% (down from 23% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 36%. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Announcement • Apr 26
Zhejiang Meorient Commerce Exhibition Inc., Annual General Meeting, May 19, 2025 Zhejiang Meorient Commerce Exhibition Inc., Annual General Meeting, May 19, 2025, at 14:30 China Standard Time. Location: No. 218, Hengfeng Road, Jing'an District, Shanghai China Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥17.17, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 23x in the Media industry in China. Total returns to shareholders of 75% over the past three years. Announcement • Mar 31
Zhejiang Meorient Commerce Exhibition Inc. to Report Q1, 2025 Results on Apr 26, 2025 Zhejiang Meorient Commerce Exhibition Inc. announced that they will report Q1, 2025 results on Apr 26, 2025 Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥25.13, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 27x in the Media industry in China. Total returns to shareholders of 143% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥47.51 per share. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥17.87, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 23x in the Media industry in China. Total returns to shareholders of 49% over the past three years. Announcement • Dec 31
Zhejiang Meorient Commerce Exhibition Inc. to Report Fiscal Year 2024 Results on Apr 26, 2025 Zhejiang Meorient Commerce Exhibition Inc. announced that they will report fiscal year 2024 results on Apr 26, 2025 New Risk • Dec 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Dividend is not well covered by cash flows (134% cash payout ratio). Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.025 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.12 (up from CN¥0.025 in 3Q 2023). Revenue: CN¥164.8m (up 42% from 3Q 2023). Net income: CN¥27.4m (up 396% from 3Q 2023). Profit margin: 17% (up from 4.8% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥19.85, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 19x in the Media industry in China. Total returns to shareholders of 149% over the past three years. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥15.69, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Media industry in China. Total returns to shareholders of 83% over the past three years. Announcement • Sep 30
Zhejiang Meorient Commerce Exhibition Inc. to Report Q3, 2024 Results on Oct 30, 2024 Zhejiang Meorient Commerce Exhibition Inc. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥15.46, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Media industry in China. Total returns to shareholders of 96% over the past three years. Announcement • Aug 10
Zhejiang Meorient Commerce Exhibition Inc. Proposes Interim Cash Dividend for the First Half of 2024 Zhejiang Meorient Commerce Exhibition Inc. proposed interim cash dividend/10 shares (tax included) of CNY 3.00000000 for the first half of 2024. Reported Earnings • Aug 07
Second quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.35 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.17 (down from CN¥0.35 in 2Q 2023). Revenue: CN¥184.0m (down 36% from 2Q 2023). Net income: CN¥35.9m (down 52% from 2Q 2023). Profit margin: 20% (down from 26% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. New Risk • Jul 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.3% average weekly change). Announcement • Jun 29
Zhejiang Meorient Commerce Exhibition Inc. to Report First Half, 2024 Results on Aug 07, 2024 Zhejiang Meorient Commerce Exhibition Inc. announced that they will report first half, 2024 results on Aug 07, 2024 Announcement • Jun 27
Zhejiang Meorient Commerce Exhibition Inc. (SZSE:300795) announces an Equity Buyback for CNY 100 million worth of its shares. Zhejiang Meorient Commerce Exhibition Inc. (SZSE:300795) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The repurchase price will not more than CNY 25 per Share. The repurchased shares will be used for employee stock ownership plan or equity incentives. The repurchases will be funded using company's own funds. The repurchase period will be not more than 3 months. New Risk • Apr 29
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 51% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.03 (vs CN¥0.007 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.03 (up from CN¥0.007 in 1Q 2023). Revenue: CN¥76.1m (up 12% from 1Q 2023). Net income: CN¥4.81m (up 349% from 1Q 2023). Profit margin: 6.3% (up from 1.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Announcement • Mar 30
Zhejiang Meorient Commerce Exhibition Inc. to Report Q1, 2024 Results on Apr 26, 2024 Zhejiang Meorient Commerce Exhibition Inc. announced that they will report Q1, 2024 results on Apr 26, 2024 New Risk • Mar 30
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Announcement • Mar 27
Zhejiang Meorient Commerce Exhibition Inc., Annual General Meeting, Apr 17, 2024 Zhejiang Meorient Commerce Exhibition Inc., Annual General Meeting, Apr 17, 2024, at 14:30 China Standard Time. Location: 9F, Building 3, No. 452, Liuhao Avenue, Baiyang Subdistrict, Qiantang District, Hangzhou, Zhejiang China Reported Earnings • Mar 12
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: CN¥1.26 (up from CN¥0.33 in FY 2022). Revenue: CN¥835.0m (up 140% from FY 2022). Net income: CN¥190.7m (up 279% from FY 2022). Profit margin: 23% (up from 14% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.5%. Earnings per share (EPS) also surpassed analyst estimates by 5.9%. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥42.86, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 19x in the Media industry in China. Total returns to shareholders of 242% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥59.88 per share. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥38.05, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 16x in the Media industry in China. Total returns to shareholders of 228% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥59.70 per share. Announcement • Dec 30
Zhejiang Meorient Commerce Exhibition Inc. to Report Fiscal Year 2023 Results on Mar 27, 2024 Zhejiang Meorient Commerce Exhibition Inc. announced that they will report fiscal year 2023 results on Mar 27, 2024 Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥39.10, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 21x in the Media industry in China. Total returns to shareholders of 137% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥53.35 per share. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.037 (vs CN¥0.015 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.037 (up from CN¥0.015 in 3Q 2022). Revenue: CN¥115.8m (up 163% from 3Q 2022). Net income: CN¥5.53m (up 155% from 3Q 2022). Profit margin: 4.8% (down from 4.9% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.52 (vs CN¥0.017 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.52 (up from CN¥0.017 in 2Q 2022). Revenue: CN¥285.5m (up 334% from 2Q 2022). Net income: CN¥75.1m (up CN¥72.6m from 2Q 2022). Profit margin: 26% (up from 3.8% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 19
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: CN¥0.50 (up from CN¥0.58 loss in FY 2021). Revenue: CN¥348.3m (up 92% from FY 2021). Net income: CN¥50.4m (up CN¥108.0m from FY 2021). Profit margin: 14% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 32%. Revenue is forecast to grow 48% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.023 (vs CN¥0.18 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.023 (up from CN¥0.18 loss in 3Q 2021). Revenue: CN¥44.0m (up 45% from 3Q 2021). Net income: CN¥2.17m (up CN¥20.0m from 3Q 2021). Profit margin: 4.9% (up from net loss in 3Q 2021). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.026 (vs CN¥0.048 loss in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.026 (up from CN¥0.048 loss in 2Q 2021). Revenue: CN¥65.8m (up 69% from 2Q 2021). Net income: CN¥2.50m (up CN¥7.26m from 2Q 2021). Profit margin: 3.8% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Announcement • Jun 23
Zhejiang Meorient Commerce Exhibition Inc. Approves Executive Appointments Zhejiang Meorient Commerce Exhibition Inc. at its 1st Extraordinary General Meeting of 2022 on 20 June 2022 approved election of Fang Huansheng, Yao Zongxian, Huang Ying as non-independent directors; election of An Baohe, Li Danmeng, Liu Songping as independent directors; Election of He Wenxi and Zhang Minqing as non-employee supervisors. Reported Earnings • Apr 30
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: CN¥0.17 loss per share (up from CN¥0.18 loss in 1Q 2021). Revenue: CN¥29.5m (up 12% from 1Q 2021). Net loss: CN¥17.5m (loss narrowed 5.4% from 1Q 2021). Revenue missed analyst estimates by 13%. Earnings per share (EPS) were also behind analyst expectations. Reported Earnings • Oct 26
Third quarter 2021 earnings released: CN¥0.18 loss per share (vs CN¥0.03 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CN¥30.3m (down 32% from 3Q 2020). Net loss: CN¥17.8m (down CN¥21.1m from profit in 3Q 2020). Announcement • Sep 02
Zhejiang Meorient Commerce Exhibition Inc. (SZSE:300795) completed the acquisition of 51% stake in Shenzhen Huafu Exhibition Service Co., Ltd. from Heze Huaxi Enterprise Management Partnership Enterprise (Limited Partnership). Zhejiang Meorient Commerce Exhibition Inc. (SZSE:300795) agreed to acquire a 51% stake in Shenzhen Huafu Exhibition Service Co., Ltd. from Heze Huaxi Enterprise Management Partnership Enterprise (Limited Partnership) for CNY 52.5 million on August 10, 2021. The total transaction price is CNY 52.53 million including "the first transaction price" of CNY 34.81 million, "Transaction Sincerity Fund" of CNY 2.8 million, and the "Deferred Transaction Consideration" calculated based on the completion of performance commitments during the performance commitment period of the target company and paid after the expiration of the performance commitment period of up to CNY 14.92 million. For the year ended December 31, 2020, Shenzhen Huafu Exhibition Service reported total assets of CNY 11.2 million, net asset of CNY 7.5 million, revenue of CNY 22 million and net profit of CNY 3.7 million. On August 10, 2021, the 18th session of the company’s 4th directorate and the 11th session of the company’s 4th supervisory board approved the transaction.
Zhejiang Meorient Commerce Exhibition Inc. (SZSE:300795) completed the acquisition of 51% stake in Shenzhen Huafu Exhibition Service Co., Ltd. from Heze Huaxi Enterprise Management Partnership Enterprise (Limited Partnership) on August 31, 2021. Reported Earnings • Aug 19
Second quarter 2021 earnings released: CN¥0.048 loss per share (vs CN¥0.33 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: CN¥38.9m (up CN¥32.7m from 2Q 2020). Net loss: CN¥4.76m (loss narrowed 86% from 2Q 2020). Announcement • Aug 12
Zhejiang Meorient Commerce Exhibition Inc. (SZSE:300795) agreed to acquire a 51% stake in Shenzhen Huafu Exhibition Service Co., Ltd. from Heze Huaxi Enterprise Management Partnership Enterprise (Limited Partnership) for CNY 52.5 million. Zhejiang Meorient Commerce Exhibition Inc. (SZSE:300795) agreed to acquire a 51% stake in Shenzhen Huafu Exhibition Service Co., Ltd. from Heze Huaxi Enterprise Management Partnership Enterprise (Limited Partnership) for CNY 52.5 million on August 10, 2021. The total transaction price is CNY 52.53 million including "the first transaction price" of CNY 34.81 million, "Transaction Sincerity Fund" of CNY 2.8 million, and the "Deferred Transaction Consideration" calculated based on the completion of performance commitments during the performance commitment period of the target company and paid after the expiration of the performance commitment period of up to CNY 14.92 million. For the year ended December 31, 2020, Shenzhen Huafu Exhibition Service reported total assets of CNY 11.2 million, net asset of CNY 7.5 million, revenue of CNY 22 million and net profit of CNY 3.7 million. On August 10, 2021, the 18th session of the company’s 4th directorate and the 11th session of the company’s 4th supervisory board approved the transaction. Reported Earnings • Apr 29
First quarter 2021 earnings released: CN¥0.18 loss per share (vs CN¥0.21 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CN¥26.5m (up 119% from 1Q 2020). Net loss: CN¥18.5m (loss narrowed 11% from 1Q 2020). Is New 90 Day High Low • Jan 06
New 90-day low: CN¥18.12 The company is down 31% from its price of CN¥26.10 on 30 September 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is down 7.0% over the same period. Is New 90 Day High Low • Dec 13
New 90-day low: CN¥22.44 The company is down 2.0% from its price of CN¥22.90 on 14 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Media industry, which is down 6.0% over the same period. Is New 90 Day High Low • Nov 13
New 90-day high: CN¥30.75 The company is up 45% from its price of CN¥21.15 on 14 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is down 5.0% over the same period. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥11.1m, with earnings decreasing by CN¥80.8m from the prior year. Total revenue was CN¥229.2m over the last 12 months, down 50% from the prior year. Announcement • Oct 17
Zhejiang Meorient Commerce Exhibition Inc. to Report Q3, 2020 Results on Oct 23, 2020 Zhejiang Meorient Commerce Exhibition Inc. announced that they will report Q3, 2020 results on Oct 23, 2020 Announcement • Aug 13
Zhejiang Meorient Commerce Exhibition Inc. to Report First Half, 2020 Results on Aug 28, 2020 Zhejiang Meorient Commerce Exhibition Inc. announced that they will report first half, 2020 results on Aug 28, 2020 
