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。 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。 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28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、顧炎民博 士及管金偉先生，(ii)非執行董事趙軍先生，及(iii)獨立非執行董事許定波博士、 肖耿博士、劉俏博士及邱鋰力博士。 证券代码：000333 证券简称：美的集团 公告编号：2025-004 美的集团股份有限公司 第五届董事会第六次会议决议公告 1 网站，2024 年度报告摘要（A 股）同时披露于公司指定信息披露报刊 ...

Core Viewpoint - ST Xia Chuang (300300) has experienced a decline in stock price, closing at 2.92 yuan, down 4.89% from the previous week, with a total market capitalization of 1.947 billion yuan [1] Company Announcements Summary - The 11th meeting of the 5th Board of Directors approved several resolutions, including the nomination of Mr. Lin Xiaofeng as a non-independent director candidate and the appointment of Mr. Wang Weishan as the general manager [1][2] - The company and its subsidiaries plan to apply for a financing limit of up to 550 million yuan from financial and non-financial institutions, with a term of 12 months [1][2][3] - The company intends to provide guarantees totaling up to 160 million yuan for its subsidiaries to meet operational needs [1] - The first extraordinary general meeting of shareholders for 2025 is scheduled for April 9, 2025, to discuss the election of a non-independent director [2][3]

Core Viewpoint - Midea Group reported robust growth in revenue and profit for 2024, with total revenue surpassing 400 billion yuan, indicating a strong performance across various business segments [1] Financial Performance - Total operating revenue for 2024 reached 409.08 billion yuan, a year-on-year increase of 9.47% [1] - Pre-tax profit was 46.69 billion yuan, up 15.92% year-on-year [1] - Net profit amounted to 38.54 billion yuan, reflecting a 14.29% increase, with a profit margin of 9.5%, up 0.5 percentage points from the previous year [1] Revenue Breakdown - Revenue from the domestic market was 240.1 billion yuan, growing by 7.7% [1] - Overseas market revenue reached 169 billion yuan, marking a 12.0% increase [1] - Smart home business generated 269.53 billion yuan, up 9.4% [1] - New energy and industrial technology business saw revenue of 33.61 billion yuan, a significant growth of 20.6% [1] - Smart building technology revenue was 28.47 billion yuan, increasing by 9.9% [1] - Robotics and automation business revenue declined to 28.70 billion yuan, down 7.6% [1] - Sales of raw materials and other businesses generated 35.1 billion yuan, up 18.5% [1] Strategic Initiatives - Growth in the smart home business was driven by global expansion, prioritizing OBM strategy, DTC transformation, and integration of online and offline channels [2] - The new energy and industrial technology segment's growth was attributed to innovation in HVAC components and comprehensive green energy solutions [2] - The decline in robotics and automation revenue was linked to cyclical demand fluctuations in the industry [2] Profitability Metrics - Gross margin for 2024 was 26.2%, an increase of 0.7 percentage points year-on-year [2] - The smart home business gross margin improved from 28.7% to 30.0% [2] - The smart building technology gross margin rose from 29.4% to 30.2% [2] Expenditure Overview - R&D expenditure was 16.2 billion yuan, up 11.3%, maintaining a 4% revenue share [3] - General and administrative expenses reached 15.4 billion yuan, increasing by 10.2% due to digital investments and salary growth [3] - Sales and marketing expenses were 38.8 billion yuan, a 21.3% increase, with a revenue share rising from 8.6% to 9.5% [3] Cash Flow and Capital Expenditure - Net cash flow from operating activities was 60.5 billion yuan, a 4.2% increase [3] - Capital expenditure decreased to 9.9 billion yuan, down 20.2% due to prior acquisition impacts [3] - The company raised 32.15 billion yuan through H-share issuance to strengthen its financial position [3] Strategic Focus - Midea Group emphasizes four strategic pillars: technology leadership, direct user engagement, digital intelligence, and global expansion [3]

Core Viewpoint - Midea Group reported a strong performance for the fiscal year 2024, with significant revenue growth and a robust shareholder return plan, highlighting its operational resilience and global expansion success [1][2]. Financial Performance - Midea Group achieved a total revenue of 409.1 billion RMB, representing a year-on-year increase of 9.5% [1]. - The net profit attributable to the parent company rose by 14.3% to 38.5 billion RMB, with operating cash flow reaching a historical high of 60.5 billion RMB [1]. Shareholder Returns - The company announced a dividend of 3.5 RMB per share, totaling 26.7 billion RMB, which is a 28.5% increase year-on-year, with a payout ratio nearing 70% [2]. - Midea plans to repurchase shares worth 5 to 10 billion RMB, with 70% of the repurchased shares to be canceled, indicating a commitment to returning profits to shareholders [2]. Research and Development - In 2024, Midea's R&D expenditure exceeded 16 billion RMB, with a total investment surpassing 100 billion RMB over the past decade [3]. - The company added 11,000 global authorized patents in the year, including 5,000 invention patents, and led or revised 230 industry technical standards [3]. International Strategy - Midea became the top global brand in smart home appliance sales in 2024, with its smart home business revenue reaching 269.5 billion RMB [4]. - The overseas business contributed over 40% to the total revenue, with self-owned brand (OBM) revenue accounting for more than 43% of the smart home overseas business [4]. B2B Business Growth - Midea's enterprise segment (ToB) revenue surpassed 100 billion RMB for the first time, making up 25.5% of total revenue [5]. - The company maintained the leading global market share in household air conditioning compressors and achieved significant sales in domestic central air conditioning [5].

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].