New stock news | Zhejiang Meorient Commerce & Exhibition Inc. (300795.SZ) submitted a filing to the Hong Kong Stock Exchange, focusing on providing exhibition hosting services.

According to the disclosure by the Hong Kong Stock Exchange on December 24th, Zhejiang Meorient Commerce & Exhibition Inc. has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CMSC International as its exclusive sponsor. Company Profile The prospectus shows that Zhejiang Meorient Commerce & Exhibition Inc. (300795.SZ) is a mature exhibition service provider. The company's services can be mainly classified into three categories by nature, namely exhibition hosting services, exhibition agency services, and others. As an exhibition organizer, the company mainly provides comprehensive services including exhibition management, booth sales, and other exhibition-related services. The exhibitions held by the company cover multiple countries and regions across five continents, such as the UAE, Indonesia, Japan, Mexico, Brazil, Vietnam, Mainland China, Poland, and Egypt. According to Frost & Sullivan data, in terms of the number and area of overseas self-organized exhibitions held in 2024, the company ranks first among all Chinese overseas exhibition institutions. During the reporting period, the company mainly provided exhibition hosting services, leading the entire process of hosting exhibitions, including exhibition preparation, implementation, on-site operation, and post-exhibition services. As for exhibition agency services, the company purchases exhibition booths from exhibition organizers and resells them to exhibitors, and often provides related services (such as arranging travel and accommodation). The company's other income mainly includes revenue generated from general online marketing services, such as website development and search engine optimization, which are not specifically provided for exhibitions. The company has successfully organized 77 exhibitions, attracting over tens of thousands of exhibitors to participate in the exhibitions. The company focuses on providing exhibition solutions for various industries and has incubated over ten industry-specific exhibition brands covering areas such as household goods, consumer electronics, textiles, and industrial machinery. Financial Information Revenue For the fiscal years 2022, 2023, 2024, and the six months ended June 30, 2025, the company's revenue was approximately RMB 348 million, RMB 835 million, RMB 751 million, and RMB 241 million, respectively. Profit For the fiscal years 2022, 2023, 2024, and the six months ended June 30, 2025, the company's annual/periodic profits were approximately RMB 51.14 million, RMB 197 million, RMB 163 million, and RMB 20.59 million, respectively. Gross Profit Margin For the fiscal years 2022, 2023, 2024, and the six months ended June 30, 2025, the company's gross profit margins were 48.1%, 49.4%, 49.7%, and 50.5%, respectively. Industry Overview Exhibition Industry Overview The exhibition industry is a highly organized segment in the modern service economy that fundamentally creates temporary and centralized markets and information hubs. This industry promotes efficient information exchange and commercial interaction, facilitates rapid matching of supply and demand, supports industry development communication, and accelerates the emergence of business opportunities. Therefore, it enhances market operating efficiency and strengthens overall resource allocation. Global Exhibition Industry From 2020 to 2024, the number of exhibitions and related exhibition area globally rebounded to normal levels synchronously after being pressured by the base in the previous years. From 2020 to 2022, exhibition activities were continuously restricted, with the number of exhibitions dropping to 12,321 and the exhibition area dropping to 157 million square meters in 2022. With the recovery of international tourism and offline activities, both indicators saw significant rebounds in 2024. From 2024 to 2029, the global exhibition industry is expected to enter a phase of steady and structural expansion in both indicators. The number of exhibitions is expected to increase from 32,214 in 2024 to 49,921 in 2029, with a compound annual growth rate of approximately 9.2%, and the total exhibition area is expected to increase from 412 million square meters in 2024 to 539 million square meters in 2029, with a compound annual growth rate of approximately 5.6%. Chinese Exhibition Industry From 2020 to 2024, the Chinese exhibition industry saw a significant recovery in terms of the number of exhibitions and the exhibition area. The number of exhibitions increased from 5,408 in 2020 to 9,110 in 2024. Looking ahead from 2024 to 2029, the number of exhibitions is expected to reach 10,385 in 2025 and further increase to 15,693 in 2029, with a compound annual growth rate of 11.5% during the forecast period. Overall Overseas Exhibition Industry The overseas exhibition market continues to show strong growth, mainly due to the support from the government for Chinese companies to expand into international markets, achieve strategic diversification partners for trade cooperation, and enhance the global competitiveness of Chinese products. This expansion has promoted the expansion of the scale of activities, and the total number of overseas exhibitions is expected to increase from 216 in 2024 to 315 in 2029. Competitive Landscape According to Frost & Sullivan data, in terms of the number and area of self-organized overseas exhibitions held in 2024, the company ranks first among all Chinese overseas exhibition institutions. Board of Directors Information The company's board of directors consists of 7 directors, including 3 executive directors, 1 non-executive director, and 3 independent non-executive directors. Directors serve a term of 3 years and can be re-elected for consecutive terms. Equity Structure As of December 14, 2025, Mr. Fang, an executive director and general manager of the company, directly owned a total of 68,834,176 A-shares, accounting for 23.30% of the company's voting rights. Mr. Pan holds 22.91% of the company's shares. Intermediary Team Exclusive Sponsor: CMSC (Hong Kong) Limited Company Legal Advisor: Hong Kong Law: Tianyuan Law Firm (Limited Liability Partnership); Chinese Law: Beijing Deheng Law Firm Legal Advisor to Exclusive Sponsor: Hong Kong Law: Zhou Junxuan Law Firm in association with Tongshang Law Firm; Chinese Law: Jingtian & Gongcheng Law Firm Independent Auditor and Reporting Accountant: Tiantian International Accounting Firm Limited Industry Consultant: Frost & Sullivan (Beijing) Consulting Co., Ltd., Shanghai Branch Compliance Advisor: Chuang Sheng Financing Co., Ltd.