Group 1 - Midea Group repurchased 310,000 shares on September 4 at a price range of HKD 83.300 to HKD 83.500, totaling HKD 25.849 million [2] - The stock closed at HKD 83.350 on the same day, experiencing a decline of 1.19%, with a total trading volume of HKD 402 million [2] - Year-to-date, Midea Group has conducted 85 repurchase transactions, acquiring a total of 6,498,300 shares for a cumulative amount of HKD 4.715 billion [2] Group 2 - The repurchase details include the highest price of HKD 83.500 and the lowest price of HKD 83.300 for the shares bought on September 4 [2] - Previous repurchase on July 29 involved 253,400 shares at a maximum price of HKD 79.100 and a minimum price of HKD 77.950, amounting to HKD 19.923 million [2]

Summary of Midea Group Conference Call Company Overview - **Company**: Midea Group - **Industry**: Home Appliances and Technology Solutions Key Points Business Performance - Midea Group's B-end business revenue reached 32.3 billion yuan in Q2 2025, accounting for approximately 25% of total revenue, with a year-on-year growth of 16.6%, surpassing the C-end home appliance business growth of 9.3% [2][3] - The growth rates for specific segments include Building Technology at 25%, Industrial Technology at 15%, and Robotics at a high single-digit percentage [2][3] - Midea has made significant breakthroughs in the new energy sector, achieving large-scale commercial use of containerized energy storage systems through acquisitions [2][3] Market Concerns - There are concerns regarding Midea's domestic sales due to high base effects and a potential decline in the domestic market in 2026 [2][5] - The overseas market also faces uncertainties, particularly after the inventory replenishment cycle in Europe and the US [5][6] Real Estate Market Insights - The US real estate market is experiencing a supply shortage, with high interest rates suppressing transaction volumes while prices continue to rise [7] - A potential decline in interest rates could lead to a recovery in the real estate market, positively impacting related industries such as tools and home appliances [7] Emerging Market Opportunities - The air conditioning market in emerging countries is rapidly growing, similar to China's market 20 years ago, with low penetration rates in regions like Europe, Southeast Asia, and South America [8] - Midea's strategy of transitioning from an OEM model to developing its own brands has strengthened its competitive position in these markets [9] Stock Performance and Valuation - Midea's stock price has shown a disconnection from its fundamentals since 2023, with significant price increases in 2024 despite underlying challenges [10] - The current valuation of Midea is approximately 13 times earnings, primarily reflecting its consumer goods segment, with potential for revaluation if B-end business is separately valued [4] Investment Considerations - Midea's stock is currently at a low valuation with a significant dividend yield, making it an attractive investment opportunity [15] - The inflow of funds into ETFs and growth-oriented funds has influenced the valuation of the white goods sector, with Midea benefiting from this trend [12][14] Additional Insights - Midea's robotics segment, primarily driven by the acquisition of KUKA, has a domestic market share of 9.4%, but its lower profit margins have led to underappreciation of its B-end business [4] - The company has been focusing on efficiency improvements and brand building through strategic acquisitions, enhancing its market presence in emerging regions [9] Conclusion Midea Group is positioned for growth in both B-end and emerging markets, despite facing challenges in domestic sales and overseas market fluctuations. The company's strategic focus on brand development and efficiency, along with favorable market trends in air conditioning and real estate, presents potential investment opportunities.

Company News - Sun Hung Kai Properties (00016.HK) reported a revenue of HKD 79.721 billion for the fiscal year 2025, an increase of 11.5% year-on-year; net profit reached HKD 19.277 billion, up 1.2% year-on-year [2] - Sincere Watch International (00732.HK) recorded a net operating revenue of approximately HKD 11.011 billion for the first eight months, a decrease of 5.5% year-on-year; in August, the net operating revenue was about HKD 1.445 billion, down 6.5% year-on-year [2] Financial Activities - China Construction Bank (00939.HK) announced that CCB Financial Leasing plans to increase its capital by HKD 3 billion to CCB Shipping and Aviation [3] Pharmaceutical Developments - Heng Rui Medicine (01276.HK) received approval to conduct clinical trials for RSS0393 ointment, which can alleviate tissue damage and inflammation related to atopic dermatitis [4] - Heng Rui Medicine (01276.HK) also received approval for clinical trials of HRS-4729 injection, a tri-agonist for GLP-1R/GIPR/GCGR [4] Real Estate Sales Performance - China Overseas Land & Investment (00688.HK) reported a contracted sales amount of HKD 150.331 billion for the first eight months, a decline of 16.5% year-on-year; August contracted sales were HKD 18.33 billion, down 0.7% year-on-year [5] - Sunac China (01918.HK) recorded a contracted sales amount of approximately HKD 30.47 billion for the first eight months, a decrease of 13% year-on-year; August contracted sales were HKD 5.39 billion, down 26.7% year-on-year [5] - China Overseas Grand Oceans Group (00081.HK) reported a contracted sales amount of HKD 20.783 billion for the first eight months, a decline of 10.6% year-on-year; August contracted sales were HKD 2.133 billion, an increase of 6.1% year-on-year [5] - Gemdale Corporation (00535.HK) reported a total contracted sales of approximately HKD 7.588 billion for the first eight months, a decrease of 39% year-on-year; August contracted sales were HKD 608 million, down 52.9% year-on-year [5] - Hongyang Real Estate (01996.HK) reported a contracted sales amount of HKD 3.506 billion for the first eight months, a decrease of 42.2% year-on-year; August contracted sales were HKD 299 million, down 48.5% year-on-year [5] - Ronshine China Holdings (03301.HK) reported a contracted sales amount of approximately HKD 2.7 billion for the first eight months, a decline of 46.4% year-on-year; August contracted sales were about HKD 130 million, down 87.9% year-on-year [5] Share Buyback Activities - HSBC Holdings (00005.HK) repurchased 2.01 million shares at a cost of approximately HKD 200 million, with prices ranging from HKD 98.75 to HKD 100.3 [6] - Midea Group (00300.HK) repurchased 310,000 shares at a cost of approximately HKD 25.849 million, with prices ranging from HKD 83.3 to HKD 83.5 [6] - Hang Seng Bank (00011.HK) repurchased 210,000 shares at a cost of approximately HKD 23.799 million, with prices ranging from HKD 112.9 to HKD 113.7 [6] - MGM China Holdings (02282.HK) repurchased 1 million shares at a cost of approximately HKD 15.687 million, with prices ranging from HKD 15.58 to HKD 15.97 [6] Shareholding Changes - Kanglong Chemical (03759.HK) completed a share reduction plan, with a total of 26.6729 million shares reduced [6] - Sinopec Limited (00386.HK) canceled 67.624 million shares that had been repurchased [6]

Group 1 - The company Midea Group (00300.HK) announced a share buyback on September 4, 2023, spending 79.989 million yuan to repurchase 1.064 million A-shares [1]

Core Viewpoint - Midea Group announced a share buyback plan, indicating confidence in its stock value and future performance [1] Company Summary - Midea Group plans to repurchase 310,000 shares at a total cost of HKD 25.849 million [1] - The buyback is scheduled for September 4, 2025, reflecting the company's strategy to enhance shareholder value [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 美的集團股份有限公司（於中華人民共和國註冊成立的股份有限公司） 第 1 頁 共 8 頁 v 1.3.0 | 2). | 0.004491 % | 311,984 | RMB | 70.78 | 就根據股份計劃授予參與人（發行人的董事除外）的股份獎勵或期權 | 而發行新股或轉讓庫存股份 - 涉及新股 | | --- | --- | --- | --- | --- | --- | --- | | 根據於第八期股票期權激勵計劃行使期權 | | | | | | | | 變動日期 | 2025年9月4日 | | | | | | | 3). | 0.004483 % | 311,450 | RMB | 45.65 | 就根據股份計劃授予參與人（發行人的董事除外）的股份獎勵或期權 | 而發行新股或轉讓庫存股份 - 涉及新股 | | 根據於第九期股票期權激勵計劃行使期權 | | | | | | | | 變動日期 | 2025年9月4日 | | | | | | | 於下列日期 ...

Midea Group Co., Ltd. 美的集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：0300） 2025年第二次臨時股東會暫停辦理股份過戶登記手續期間 本公告乃根據香港聯合交易所有限公司證券上市規則第13.66條之規定而作出。美 的集團股份有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，本公司 將於2025年9月24日（星期三）下午2時30分假座廣東省佛山市順德區美的大道6號 美的08空間舉行本公司2025年第二次臨時股東會（「臨時股東會」）。 為釐定有權出席臨時股東會並於會上投票的本公司股東的身份，本公司將於2025 年9月19日（星期五）至2025年9月24日（星期三）（包括首尾兩日）暫停辦理股份 過戶登記手續，期間將不辦理本公司H股股份（「H股」）過戶登記。就釐定H股持 有人出席臨時股東會並於會上投票之資格的記錄日期將為2025年9月24日（星期 三）。為符合資格出席臨時股東會並於會上投票，H股持有人須將所有股份過戶文 件連同有關股票，於2025年9月18日（星期四）下午四時三十分前交回本公司之H 股股份過戶登記處香港中央證券登記有限公司，地址為香港 ...

格隆汇9月3日丨美的集团(00300.HK)公告，9月3日耗资9999.3万元回购132.4万股A股。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 公司名稱： 美的集團股份有限公司（於中華人民共和國註冊成立的股份有限公司） 呈交日期： 2025年9月3日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | | 普通股 | 股份類別 A | | | 於香港聯交所上市 | 否 | | | 證券代號 (如上市) | | 000333 | 說明 | A股 (於深圳證券交易所上市) | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 事件 | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | 每 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而產生或因倚賴 該等內容而引致之任何損失承擔任何責任。 Midea Group Co., Ltd. 美的集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：0300） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而做出。 美的集团股份有限公司 关于以集中竞价交易方式回购 A 股股份进展情况的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 美的集团股份有限公司（以下简称"公司"）于2025年3月28日召开第五届 董事会第六次会议、于2025年5月30日召开2024年度股东大会审议通过了《关于 以集中竞价方式回购公司A股股份的方案》，同意公司以集中竞价交易方式回购 公司部分已发行的A股股份，用于依法注销减少注册资本及实施股权激励计划及 /或员工持股计划。回购价格为不超过人民币100元/股，回购金额为不超过100亿 元且不低于50亿元，实施期限为自股东大会审 ...