Meorient decreases in revenues and profits

Hangzhou, 30th October: Earlier this week, Meorient, a Chinese exhibition organiser listed in Shenzhen, announced its financial results for the nine months ended 30th September 2024. Revenues in the period were US$61 million, a year-on-year decrease of 9.4%.

The Hangzhou-based company’s net profit dropped 17% year-on-year, down to US$9.7 million. Diluted earnings per share in the first nine months of 2024 were RMB 0.30 (US$0.043).

The company did not comment on the changes of its revenues and profits.

The Shenzhen-listed company also reported its financial results for the quarter ended 30th September. Revenues in the quarter were US$24 million, representing year-on-year growth of 42%. In the third quarter, the company’s net profit jumped 396%, reaching US$3.9 million.

Meorient organises B2B sourcing shows to bring Chinese exhibitors to overseas markets including India, Turkey, U.A.E., Mexico, Poland and Brazil.