Shanghai, 27th April: Earlier this week, Shanghai-listed DLG Exhibitions (formerly Shanghai Lansheng) released its financial results for the year ended 31st December 2022. Revenues in the year were US$112 million. This represents a year-on-year decrease of 16%. Net profits fell slightly by 4.6% year-on-year, down to US$17 million. Diluted earnings per share in 2022 were RMB 0.21 (US$0.0305).

Separately, the company announced its results for the quarter ended 31st March 2023. Revenues in the quarter were US$7.8 million. That represents a year-on-year increase of 34%. The company narrowed its net loss from US$13 million in the first quarter of 2022, down to US$1.3 million in the first quarter of 2023.