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Meorient International Exhibition swings to loss in 2026 interim report, with net loss of 14.76 million yuan
Meorient International Exhibition released its 2026 interim report, with net profit attributable to the parent company at negative 14.76 million yuan, swinging from profit to loss. The company's total operating revenue was 169 million yuan, down 29.61 percent year on year. Net cash flow from operating activities was negative 50.96 million yuan, down 224.94 percent year on year. The latest gross margin was 46.38 percent, down 4.19 percentage points from the same period last year. The latest return on equity was negative 2.57 percent, down 5.34 percentage points from the same period last year. Diluted earnings per share were negative 0.05 yuan, down 200 percent year on year.
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Meorient International Swings to Loss in First Half as Dubai Exhibition Cancellation Weighs on Results
Meorient International released its semi-annual report for 2026, showing operating revenue of 169 million yuan and a net loss attributable to the parent company of 14.7633 million yuan, swinging from profit to loss compared with the same period last year. The decline was mainly caused by the cancellation of a large offline exhibition originally planned for June in Dubai, United Arab Emirates, a one-off factor. Excluding this one-time disruption, the company successfully held five China brand overseas joint exhibitions in Japan, Vietnam, Indonesia, and Poland in the first half, attracting more than 1,700 exhibiting companies, with total exhibition area exceeding 70,000 square meters and over 90,000 professional buyers attending. The company is accelerating the construction of an AI-powered full-chain service platform for going global, investing 30 million yuan in the Huayue Chuangzhi fund and 150 million yuan directly in Stepfun, with which it reached a strategic cooperation. Its controlling subsidiary Aochuang Tianxia launched the Xingqing AI video marketing solution, which has signed more than 60 clients. Its self-developed AI exhibition intelligent matchmaking platform is being jointly developed with AI glasses company Li Weike Technology, enabling real-time interpretation in 128 languages. The company said the Dubai exhibition cancellation caused a temporary disruption to current results, but the core exhibition business is expanding in Southeast Asia through a twice-yearly exhibition model and using Poland as a foothold to open the European market, while its AI layout is being implemented across models, agents, and hardware, and a three-in-one service ecosystem for going global is taking shape at an accelerating pace.
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Artificial Intelligence▲
Chuanzhi Education hits 7th straight daily limit as AI application plays strengthen
On August 4, AI application plays repeatedly strengthened, with Chuanzhi Education recording its 7th consecutive daily limit, Hengyin Technology its 3rd straight daily limit, and Mio Exhibition surging over 10%. In news, US AI application concept stocks Palantir and Snap both beat earnings expectations, sending their shares up over 14% each in after-hours trading at one point. Chuanzhi Education reported first-quarter 2026 revenue of 104 million yuan, up 43.75% year-on-year, and net profit attributable to the parent of 1.4579 million yuan, achieving a single-quarter turnaround from loss. It expects first-half 2026 net profit of 28 million to 40 million yuan, representing year-on-year growth of 488.72% to 655.32%.
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Ai Ai Precision Seals Hits 4th Consecutive Limit-Up; Power Sector Surges
On July 17, Ai Ai Precision Seals opened at its daily limit-up, securing its fourth consecutive limit-up, closing at 44.92 yuan per share with a latest market cap of 5.87 billion yuan. Earlier, the company disclosed progress on a change of control: actual controllers Tu Mulin and Cai Ruimei, a married couple, plan to transfer their equity, and the controlling shareholder will change to Shanghai Yusheng Tongfeng Metal Materials Technology Co., Ltd., with the actual controller changing to Yuan Yuan. After the change, Shanghai Yusheng will hold 40% of Ai Ai Precision Seals. The power sector saw a sudden surge, with Huayin Electric Power hitting its limit-up, sealed by over 900,000 lots of buy orders. Leshan Electric Power and Shennandian A also hit their limit-ups, while Hangzhou Thermal Power and Xichang Electric Power rose in tandem. On the news front, the National Energy Administration released data showing that total electricity consumption in June reached 898.1 billion kilowatt-hours, up 3.7% year-on-year, with electricity use in charging and battery swap services and internet data services surging 57.1% and 41.4% respectively. The on-device hardware concept was active, with AI phones and glasses leading the gains. Mio Exhibition hit a 20% limit-up, and Daoming Optics rose for a second consecutive limit-up. The Cyberspace Administration of China released filing information for seven mobile on-device generative AI services, including Apple Intelligence and Huawei's Xiaoyi AI large model. The smart driving concept was also active, with Soling Shares hitting its limit-up. On the news front, a Huawei executive said that autonomous driving will see rapid iteration, with low-speed L4 pilot programs in urban areas starting in 2026.
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Mio Convention & Exhibition Projects First-Half Loss Exceeding 13 Million Yuan, Share Price Down 37% This Year
Mio Convention & Exhibition projects a net loss attributable to the parent company of 13 million to 18 million yuan for the first half of 2026, compared with a profit of 15.54 million yuan in the same period last year. The company attributed the decline mainly to the cancellation of an offline exhibition originally planned for June in the United Arab Emirates, which was to feature around one thousand booths, due to international geopolitical conflicts. The company's performance had already shown signs of weakness, with net profit attributable to the parent company falling 17.55 percent and 11.89 percent year on year in 2024 and 2025 respectively. As of the close on July 10, Mio Convention & Exhibition shares stood at 8.42 yuan, a decline of 37.26 percent for the year.
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Meorient International Exhibition expects a loss of 13 million to 18 million yuan in the first half of 2026
Meorient International Exhibition disclosed its earnings forecast, expecting a net loss attributable to the parent company of 13 million to 18 million yuan in the first half of 2026, compared with a profit of 15.54 million yuan in the same period last year. The non-recurring net loss is expected to be 17 million to 22 million yuan, compared with a profit of 13.0716 million yuan in the same period last year. The company stated that the decline in performance was mainly due to the impact of international geopolitical conflicts, which led to the cancellation of an offline exhibition originally planned for June 2026 in the United Arab Emirates with a scale of about 1,000 booths. Meorient International Exhibition is mainly engaged in the planning, organization, promotion, and operation services of overseas exhibitions.
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