I thought it was weird too, that P1 had such a discreet presence at the Kina. No major new things to show (I don't call the IQ1-100 a new camera, it's just the "old" IQ3 in a cheaper packaging).
Maybe they just wanted to give Hassi and Fuji some space in the spotlight ? :-)
It could be that they have something on store for later, and wanted to save resources for a bigger presence once new products are out ?
All in all, it was a strange Kina. Some major players (P1, Leica for example) had a very moderate presence. Some others, like Fuji and Sony had a huge presence.
Kina was also smaller than usual (one big hall that used to house all kinds of gear exhibitors was now used for action presentations, some floors were not occupied), perhaps a sign of some sort of decline (or shift to another photo-show ?) of the industry ?