EF001 發行人所發行上市權證/可轉換債券的相關信息 發行人所發行上市權證/可轉換債券 不適用 其他信息 其他信息 不適用 發行人董事 於本公告日期，董事會成員包括：(i)執行董事方洪波先生、王建國先生、顧炎民博士及管金偉先生；(ii)非執行董事趙軍先生；及 (iii)獨立非執行董事肖耿博士、許定波博士、劉俏博士及邱鋰力博士。 EF001 免責聲明 | 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的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 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的任何損失承擔任何責任。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 美的集團股份有限公司 | | 股份代號 | 00300 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 建議分派截至2024年12月31日止年度之末期股息 | | | 公告日期 | 2025年3月28日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 末期 | | 股息性質 | 普通股息 ...

Financial Performance - Midea Group reported a revenue of RMB 409,084 million for the year ending December 31, 2024, representing a 9.5% increase from RMB 373,710 million in 2023[3]. - The gross profit for Midea Group increased to RMB 107,102 million, up 12.2% from RMB 95,462 million in the previous year[3]. - Operating profit rose by 11.8% to RMB 46,817 million compared to RMB 41,886 million in 2023[3]. - The annual profit attributable to shareholders was RMB 38,539 million, reflecting a 14.3% increase from RMB 33,722 million in 2023[3]. - Basic earnings per share increased by 10.3% to RMB 5.44 from RMB 4.93 in the previous year[3]. - Total external revenue for the year ended December 31, 2024, was RMB 409,084,266, an increase from RMB 373,709,804 in 2023, representing a growth of approximately 9.5%[24]. - The total profit from segments for the year ended December 31, 2024, was RMB 41,214,001, compared to RMB 38,699,420 in 2023, indicating an increase of about 3.9%[22][23]. - The net profit for the year ended December 31, 2024, was RMB 38,538,987,000, compared to RMB 33,721,536,000 in 2023, marking an increase of 14.0%[39]. - The adjusted profit attributable to the company for the year ended December 31, 2024, was RMB 38,538,987,000, an increase from RMB 33,715,846,000 in 2023, representing a growth of 14.0%[31]. Assets and Liabilities - Total assets reached RMB 604,352 million, up from RMB 486,036 million in 2023, indicating a significant growth in the company's asset base[9]. - Total liabilities increased to RMB 376,684,462,000, up from RMB 311,738,065,000, representing a growth of approximately 20.8%[11]. - Current liabilities reached RMB 351,819,806,000, compared to RMB 251,245,721,000, indicating a significant increase of about 40%[11]. - Non-current liabilities totaled RMB 24,864,656,000, a decrease from RMB 60,492,344,000, reflecting a decline of approximately 58.8%[11]. - Total equity rose to RMB 227,667,391,000 from RMB 174,297,950,000, marking an increase of around 30.6%[11]. - Retained earnings increased to RMB 153,591,297,000, up from RMB 136,282,362,000, showing a growth of about 12.8%[11]. Research and Development - Research and development expenses increased to RMB 16,233 million, compared to RMB 14,586 million in the previous year, highlighting a focus on innovation[5]. - Midea's R&D investment continues to increase, focusing on "three generations" strategy to support high-end brands and overseas OBM priority strategy[89]. - The company has established 16 national-level innovation platforms and 82 provincial-level innovation platforms, demonstrating a strong commitment to core technology research and development[104]. - Midea's digital transformation efforts included the establishment of over 3,800 digital retail points, enhancing customer service efficiency and user interaction[117]. Market Performance - The smart home business generated external revenue of RMB 295,231,074, while the smart building technology segment contributed RMB 28,835,174, and the industrial technology segment brought in RMB 40,274,192[22]. - The smart home business achieved revenue of 269.5 billion RMB, a year-on-year increase of 9.4%[43]. - The domestic home appliance industry achieved a retail market scale of 907.1 billion RMB, representing a year-on-year growth of 6.4%[71]. - The domestic air conditioning market retail sales amounted to 207.1 billion RMB in 2024, showing a year-on-year decline of 2.2%[73]. Investment and Capital Expenditures - The company reported a net cash outflow from investment activities of RMB 87,902 million in 2024, compared to RMB 31,220 million in 2023, indicating increased investment activity[58]. - Capital expenditures decreased from RMB 12,125 million in 2023 to RMB 9,873 million in 2024, a reduction of approximately 18.6%[65]. - The company has committed to capital expenditures of RMB 4,595 million for property, plant, and equipment as of December 31, 2024, compared to RMB 4,006 million in 2023[63]. Customer and Market Strategy - The company has no single customer contributing 10% or more to the total revenue for the years ended December 31, 2024, and 2023[24]. - The company aims to achieve a balanced development between consumer-oriented (ToC) and enterprise-oriented (ToB) sectors, focusing on comprehensive intelligence and digitalization[182]. - The dual high-end brand strategy of "COLMO + Toshiba" has resulted in a retail sales growth of over 45% year-on-year for both brands in 2024[134]. Digital Transformation and Innovation - Midea continues to enhance R&D investment, focusing on a digital agile innovation system to drive technological advancements and product planning[103]. - The company has established a goal of achieving balanced growth in business scale, profitability, and cash flow in its core green energy solutions, including residential energy storage and photovoltaic inverters[192]. - The company is focusing on expanding its business boundaries in the HVAC components sector, increasing R&D investment, and optimizing product structure to enhance profitability and scale[192]. Risk Management - The company is facing risks from macroeconomic fluctuations that could impact sales of consumer appliances and HVAC products, potentially slowing market growth[194]. - The company is actively addressing risks related to trade friction and tariff barriers that may affect its export business and long-term market planning[196]. Shareholder Returns - Since its overall listing in 2013, the company has distributed over 134 billion RMB in cash dividends, maintaining a stable dividend policy for shareholders[164]. - The company has implemented a series of stock repurchase plans since 2019, aimed at stabilizing market value and protecting shareholder interests[164].

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） 執行董事 方洪波先生 （董事長兼總裁） 王建國先生 顧炎民博士 管金偉先生 非執行董事 董事名單及其角色和職能 美的集團股份有限公司董事會（「董事會」）成員載列如下。 董事會設立四個委員會。下表詳細列出該等委員會成員。 | 董事 | 審計委員會 | 薪酬與考核 | 提名委員會 | 戰略發展 | | --- | --- | --- | --- | --- | | | | 委員會 | | 委員會 | | 方洪波先生 | | | | 主席 | | 王建國先生 | | | | | | 顧炎民博士 | | | | | 1 | 董事 | 審計委員會 | 薪酬與考核 委員會 | 提名委員會 | 戰略發展 委員會 | | --- | --- | --- | --- | --- | | 管金偉先生 | | | | | | 趙軍先生 | | | | | | 許定波博士 | 主席 | 成員 | 成員 | 成員 | | 肖耿博士 | 成員 | 主席 | 成員 | 成員 | | 劉俏博士 | 成員 | ...

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的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的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） (1) 變更聯席公司秘書及豁免嚴格遵守上市規則第3.28及8.17條 及 (2) 執行董事辭任 董事會亦宣佈，高書女士（「高女士」）已獲委任為聯席公司秘書，自2025年3月28 日起生效。高女士將與黎少娟女士（「黎女士」）共同履行公司秘書職責，黎女士現 為另一名聯席公司秘書，具備香港聯合交易所有限公司（「聯交所」）證券上市規則 （「上市規則」）第3.28及8.17條規定的公司秘書所需資格及經驗。 1 高女士的履歷詳情載列如下： 高女士，42歲，於2025年1月加入本公司，現任本公司投資者關係總監，負責監 督本公司的投資者關係、企業管治及信息披露職能。高女士在資本市場、上市公 司的企業融資諮詢及企業管治等方面擁有逾14年經驗。在加入本集團前，於2010 年7月至2024年1 ...

Investment Rating - The report assigns a "Buy" rating for the company, indicating a potential upside of 15% to 35% [5][10]. Core Insights - The company has unveiled a humanoid robot prototype capable of various actions, showcasing its innovation in robotics [5]. - The company has a strong foundation in the robotics industry, having entered the industrial robotics sector in 2015 and acquired KUKA, a leading global manufacturer [6]. - The company is integrating resources to develop humanoid robots, focusing on key components such as gear reducers, motors, sensors, and controllers [6]. - Recent government policies are expected to support the home appliance sector, with a significant increase in funding for consumer goods upgrades [6]. - Profit forecasts for the company indicate net profits of RMB 39.06 billion, RMB 44.05 billion, and RMB 49.11 billion for 2024, 2025, and 2026 respectively, with year-on-year growth rates of 15.8%, 12.8%, and 11.5% [6]. Financial Summary - The company's revenue is projected to grow from RMB 373.71 billion in 2023 to RMB 442.58 billion in 2025 [12]. - The earnings per share (EPS) are expected to increase from RMB 4.93 in 2023 to RMB 6.32 in 2025 [5][12]. - The dividend per share (DPS) is forecasted to rise from RMB 3.00 in 2023 to RMB 3.79 in 2025, with a dividend yield exceeding 4% [5][12].

Investment Rating - The report assigns a "Buy" rating for the company, indicating a potential upside of 15% to 35% [5][10]. Core Insights - The company has unveiled a humanoid robot prototype capable of various actions, showcasing its innovation in robotics [5]. - The company has a strong foundation in the robotics industry, having entered the industrial robotics sector in 2015 and acquired KUKA, a leading global manufacturer [6]. - The company is integrating resources to develop humanoid robots, focusing on core components and exploring applications in commercial scenarios [6]. - Recent government policies are expected to support the home appliance sector, with significant funding allocated for upgrading durable consumer goods [6]. - Profit forecasts for the company indicate net profits of RMB 39.06 billion, RMB 44.05 billion, and RMB 49.11 billion for 2024, 2025, and 2026 respectively, with corresponding EPS of RMB 5.60, RMB 6.32, and RMB 7.04 [5][6]. Financial Summary - The company's revenue is projected to grow from RMB 373.71 billion in 2023 to RMB 442.58 billion in 2025, with a steady increase in net profit over the same period [12]. - The earnings per share (EPS) is expected to rise from RMB 4.93 in 2023 to RMB 6.32 in 2025, reflecting a positive growth trajectory [5][12]. - The dividend per share (DPS) is forecasted to increase from RMB 3.00 in 2023 to RMB 3.79 in 2025, indicating a growing return to shareholders [5][12].

Core Viewpoint - The Hong Kong stock market showed strong performance, with the Hang Seng Index rising 2.46% to a three-year high, driven by robust earnings in technology stocks, signs of economic stabilization, and positive policy expectations [1] Group 1: Market Performance - The Hang Seng Index closed at 24,740.57 points, up 595 points, with a total trading volume of 285.935 billion HKD [1] - The Hang Seng Tech Index increased by 3.96%, closing at 6,105.5 points, while the Hang Seng China Enterprises Index rose by 2.79% to 9,177.8 points [1] Group 2: Blue-Chip Stocks - Baidu Group-SW led blue-chip stocks with a 12.22% increase, closing at 103.3 HKD, contributing 15.93 points to the Hang Seng Index [2] - WuXi AppTec (药明康德) rose by 10.54% to 72.35 HKD, contributing 4.07 points to the index [2] - Other notable performers included Li Auto-W, which increased by 6.76%, and China Longjian Infrastructure, which fell by 2.93% [2] Group 3: Sector Highlights - Large technology stocks performed well, with Baidu up 12%, Alibaba and JD both rising over 5% [3] - AI concept stocks saw strong gains, with Baidu Group-SW up 12.22%, Kingsoft Cloud up 10.86%, and Alibaba-W up 5.83% [3] - The CRO sector also performed well, with WuXi AppTec up 10.54% and other CRO stocks showing significant increases [5] Group 4: Gold Stocks - Gold stocks collectively rose as international gold prices reached new highs, with Lingbao Gold up 7.3% and Shandong Gold up 6.99% [7] - UBS forecasts gold prices could reach 3,200 USD per ounce in the next four quarters, with Macquarie analysts predicting a potential peak of 3,500 USD per ounce by Q3 [7] Group 5: Robotics Sector - The robotics sector saw significant gains, with Yujian Technology up 27.88% after launching a humanoid robot [8] - Midea Group also reported advancements in humanoid robot development, indicating a push towards commercialization [8] Group 6: Notable Stock Movements - CanSino Biologics surged 25.26% after receiving breakthrough therapy designation for a new drug [9] - Hillstone Networks reported a 28.89% increase in revenue, with a 240.67% rise in net profit [10] - NIO-SW rose 8.95% following a strategic partnership with CATL to enhance battery swap services [11]

美的集團股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈，董事會會議將 於2025年3月28日（星期五）舉行，藉以（其中包括）審議及批准本公司及其附屬 公司截至2024年12月31日止年度之年度業績及其發佈，並考慮派發末期股息（如 有）。 承董事會命 美的集團股份有限公司 董事長、執行董事兼總裁 方洪波先生 香港，2025年3月14日 於本公告日期，董事會成員包括：(i)執行董事方洪波先生、王建國先生、伏擁軍 先生、顧炎民博士及管金偉先生；(ii)非執行董事趙軍先生；及(iii)獨立非執行董 事肖耿博士、許定波博士、劉俏博士及邱鋰力博士。 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的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的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） 董事會會議召開日期 ...

Summary of Midea Group Conference Call Company Overview - **Company**: Midea Group - **Date**: February 8, 2024 Key Points Industry and Market Dynamics - Midea Group anticipates commercial HVAC revenue to reach **25 billion RMB** in 2024, with over **70%** of production from China and an expected increase in overseas factory production to **30%-40%** by 2025 [2][8] - The company is responding to a **10%** increase in U.S. tariffs on all Chinese exports, with 2023 U.S. revenue around **$3 billion**, primarily from home appliances [2][26] Business Strategy and Growth - Midea's overseas brand (OBM) growth is projected at **30%** in 2024, exceeding the **25%** target, with a forecasted average growth of **15%** in 2025 [2][4] - The company plans to enhance B2C channel reforms, focusing on retail outlet assessments and improvements, aiming to increase the same-model same-price rate from under **20%** to **60%-70%** over the next 2-3 years [2][6] - Midea intends to open **1,000 new stores** in first and second-tier markets, adopting a self-operated model similar to Xiaomi's to maintain market share [2][9] Financial Performance and Profitability - Midea aims to optimize cost structures and improve operational efficiency, contributing approximately **0.5 percentage points** to net profit margins [2][20][21] - The company does not plan to engage in price wars in the domestic air conditioning market, focusing instead on high-end overseas markets [2][12][13] Challenges and Risk Management - The company is enhancing overseas production to mitigate trade conflict risks, with expectations that **60%-70%** of U.S. exports will be produced overseas by 2026-2027 [2][8] - Midea's strategy includes sharing tariff costs with customers and end-users, with each party expected to bear about **30%** of the additional costs due to tariffs [2][26] Future Outlook - Midea's investment in emerging markets is expected to yield returns over a **three-year** period, with a target to increase OBM market share from **2-3%** to **10%** in the long term [2][22][23] - The company is focused on maintaining profitability amidst competitive pressures, particularly in the low-end market, while prioritizing high-margin products [2][15][16][17] Additional Insights - The impact of the early Chinese New Year resulted in a **15%** year-on-year decline in installation cards in January, but overall stability is expected [2][7] - Midea's high upfront costs for channel development and employee incentives are aimed at long-term strategic stability rather than short-term profit maximization [2][17][27]

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。 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 茲載列美的集團股份有限公司於深圳證券交易所網站( www.szse.cn )刊登的公告如 下，僅供參閱。 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。 承董事會命 美的集團股份有限公司 董事長、執行董事兼總裁 方洪波先生 香港，2025年1月15日 关于回购注销部分限制性股票减资暨通知债权人的公告 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"或"本公司"）于 2024 年 12 月 27 日和 2025 年 1 月 15 日分别召开第五届董事会第五次会议和 2025 年第一次临时 股东大会，审议通过了《关于对 2021 年限制性股票激励计划部分 ...