Core Viewpoint - *ST Shengxun (003004.SZ) expects a revenue of 365 million to 415 million yuan for 2025, with a net profit attributable to shareholders ranging from -12 million to -6 million yuan, and a net profit after deducting non-recurring gains and losses between -13.3 million and -7.3 million yuan [1] Group 1 - The company's revenue growth is attributed to the acquisition of Zhejiang Zhongchen, which will be consolidated into the company's financial statements [1] - The company has focused on cost reduction and efficiency improvement, leading to a decrease in three major expenses [1] - Enhanced collection efforts on accounts receivable have reduced impairment losses, contributing to a narrower loss margin [1]

相关事件 美的集团(00300.HK)1月27日耗资9999.35万元回购130.98万股A股 美的集团(00300.HK)1月26日耗资1100 万元回购14.4万股A股 格隆汇1月27日丨美的集团(00300.HK)发布公告，2026年1月27日耗资人民币9999.35万元回购130.98万股 A股，回购价格每股75.99-76.49元。 ...

智通财经APP讯，美的集团(00300)发布公告，于2026年1月27日该公司斥资人民币9999.35万元回购 130.98万股A股，回购价格为每股人民币75.99-76.49元。 ...

美的集团（000333）(00300)发布公告，于2026年1月27日该公司斥资人民币9999.35万元回购130.98万股 A股，回购价格为每股人民币75.99-76.49元。 ...

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） 呈交日期： 2026年1月27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 | 每股發行/出售價 (註4) | ...

Summary of Midea Group's Conference Call Industry Overview - **Smart Building Technology Market**: Midea's smart building technology business is experiencing rapid growth, with a projected compound annual growth rate (CAGR) of 13.1% from 2021 to 2024, maintaining a gross margin of 28%-30% [2][5] - **Central Air Conditioning Market**: The Chinese central air conditioning market is valued at over 100 billion RMB, with a CAGR of approximately 10% from 2020 to 2024. The domestic market has slightly declined due to real estate impacts, while the export market is strong, expected to grow by 23.4% in 2024 [2][7] - **Domestic Brand Market Share**: Domestic brands are increasing their market share in the central air conditioning sector from 48% in 2020 to 53% in 2024, driven by technological advancements and local marketing strategies [2][10] Key Business Insights - **To B Business Growth**: Midea's To B business now accounts for over 25% of total revenue, with a target to increase this to 50%. The building technology segment is expected to generate approximately 35 billion RMB in revenue by 2025, with a net profit exceeding 10% [3] - **Maglev Chiller Market**: The maglev chiller market is projected to reach 2.57 billion RMB in 2024, growing by 14.7%. Midea's market share in this segment has increased to 19.7% due to its self-developed maglev compressor technology [2][11][13] Market Dynamics - **Data Center Cooling Demand**: The global liquid cooling management system market is expected to grow at a CAGR of 21.6%, reaching 17.8 billion USD by 2030. Midea is collaborating with Alibaba to provide cooling solutions for data centers [2][17][18] - **Old Equipment Replacement**: The market for replacing outdated central air conditioning systems is over 400 billion RMB, with significant energy savings potential. Midea's maglev chillers have shown to double energy efficiency in replacements [2][19] Competitive Advantages - **Technological Leadership**: Midea has broken foreign monopolies in the maglev compressor market, becoming the only manufacturer capable of self-supplying this technology. This positions Midea as a leader in the maglev chiller market [13][14] - **Comprehensive Solutions**: Midea offers complete liquid cooling system solutions, including CDU and outdoor cooling sources, enhancing its competitive edge [14] Regional Insights - **Middle East Market**: Midea has launched products tailored to the Middle East, such as the V8 multi-split unit, designed to operate in extreme temperatures [21] - **North American Market Entry**: Midea is entering the North American data center market through OEM partnerships with major HVAC companies, allowing access to this lucrative segment despite geopolitical challenges [22] Future Outlook - **Industrial Heat Pump Market**: The industrial heat pump market is expected to grow significantly, with a projected size of 1.23 billion RMB in 2024, increasing by 18%. Midea is actively developing high-temperature steam compressors for industrial applications [27][30] - **Policy Support**: National policies are promoting the adoption of industrial heat pumps, emphasizing their economic benefits and energy savings [29] This summary encapsulates the key points from Midea Group's conference call, highlighting the company's strategic positioning, market dynamics, and future growth prospects in the smart building and HVAC sectors.

Group 1 - The core point of the article is that Midea Group announced a share buyback of 144,000 A-shares for a total expenditure of RMB 10.9989 million on January 26, 2026, with a buyback price range of RMB 76.06 to 76.8 per share [1] - On the same day, the company issued a total of 103,100 A-shares based on the exercise of options from the eighth and ninth stock option incentive plans [1]

Core Viewpoint - Midea Group announced a share buyback plan, indicating confidence in its stock value and commitment to returning capital to shareholders [1] Group 1: Buyback Details - The company will spend RMB 11 million to repurchase 144,000 A-shares [1] - The buyback price ranges from RMB 76.06 to RMB 76.8 per share [1]

Group 1 - The company Midea Group (000333) announced a share buyback plan, investing RMB 10.9989 million to repurchase 144,000 A-shares at a price range of RMB 76.06 to 76.8 per share [1] - On the same day, the company issued a total of 103,100 A-shares through the exercise of options under the eighth and ninth stock option incentive plans [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) 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： 2026年1月26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 | 每股發行/出售價 (註4) | ...