Meorient posts decreases in revenues and profit in FY2024

Hangzhou, 26th April: Last week, Meorient, a Chinese exhibition organiser listed in Shenzhen, released its results for the year ended 31st December 2024. Revenues dropped 10% year-on-year, down to US$103 million.

The company posted a net profit of US$21 million in the year, declining 18% from the previous year. Diluted earnings per share in 2024 were RMB 0.68 (US$0.093). In 2024, Meorient organised exhibitions in nine countries with a total net area of 300,000 m2, featuring 7,500 exhibitors and 240,000 buyers.

Meorient also announced its results for the quarter ended 31st March 2025, generating revenues of US$2.4 million, a decrease of 77% year-on-year. The company posted a net loss of US$5.1 million, compared with a profit of US$667,000 in the first quarter in 2024. The company’s management attributed the decreases to the adjustment of the time of some of its exhibitions. It is believed that the company’s exhibition business will return to the seasonal cycle of the exhibition industry as the global exhibition market has returned to normal.