On August 6th, Gelonhui reported that Zhejiang Meorient Commerce & Exhibition Inc. (300795.SZ) released its 2024 semi-annual report. During the reporting period, the company achieved revenue of CNY 260.1055 million, a YoY decrease of 26.39%; total profit of CNY 54.6347 million, a YoY decrease of 42.10%; net income of CNY 45.7729 million, a YoY decrease of 43.29%; net income attributable to shareholders of the listed company was CNY 40.7222 million, a YoY decrease of 46.56%; net income attributable to shareholders of the listed company excluding non-recurring gains and losses was CNY 36.5633 million, a YoY decrease of 50.23%; basic earnings per share were CNY 0.18; a cash dividend of CNY 3 (tax inclusive) will be distributed to all shareholders for every 10 shares held.
As of the end of the reporting period, the company's total assets were CNY 881.8843 million, a YoY increase of 1.55%; owner's equity attributable to shareholders of the listed company at the end of the reporting period was CNY 622.185 million, a YoY decrease of 5.19%.
During the reporting period, the company's revenue and net income decreased compared to the same period last year, mainly due to changes in the timing of some exhibitions compared to the first half of last year. In the first half of 2023, we held offline exhibitions in 8 countries, and in the first half of 2024, we held offline exhibitions in 4 countries. Other exhibitions will be held in the second half of 2024.