Summary of Key Points Core Viewpoint - Midea Group has announced progress on its share repurchase plans, indicating a strong commitment to returning value to shareholders through significant buybacks [1] Group 1: Share Repurchase Plans - Under the 15-30 billion A-share repurchase plan, as of October 31, 2025, the company has repurchased a total of 20.564598 million A-shares, representing 0.2676% of the current total share capital, with a total expenditure of 1.51 billion yuan (excluding transaction fees) [1] - Under the 50-100 billion A-share repurchase plan, as of October 31, 2025, the company has repurchased a total of 110 million A-shares, accounting for 1.4372% of the current total share capital, with a total expenditure of 8.065 billion yuan (excluding transaction fees) [1]

Core Viewpoint - Midea Group has announced the progress of its share repurchase plans, detailing the number of shares repurchased and the total amount spent as of October 31, 2025 [1] Summary by Categories Share Repurchase Plan (15-30 Billion A-shares) - As of October 31, 2025, Midea Group has repurchased a total of 20.564598 million A-shares, which accounts for 0.2676% of the company's total share capital - The total amount spent on this repurchase plan is 1.51 billion yuan, excluding transaction fees [1] Share Repurchase Plan (50-100 Billion A-shares) - As of October 31, 2025, Midea Group has repurchased a total of 110 million A-shares, representing 1.4372% of the company's total share capital - The total amount spent on this repurchase plan is 8.065 billion yuan, excluding transaction fees [1]

证券代码：000333 证券简称：美的集团 公告编号：2025-088 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议通过回购股份方案之日起12个月 内（以下简称"50-100亿A股回购方案"）。公司于2025年6月17日披露了《关于 以集中竞价方式回购公司A股股份方案的报告书》。 公司于2025年4月8日召开第五届董事会第七次会议审议通过了《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，用于实施股权激励计划及 ...

Investment Rating - The investment rating for Midea Group is "Buy" with a target price not specified [5] Core Insights - Midea Group reported a revenue of 1119.3 billion yuan in Q3 2025, representing a year-on-year growth of 10.1%, and a net profit of 118.7 billion yuan, up 8.95% [1] - The company's ToC (To Consumer) business is expected to grow by 13% year-on-year in Q3 2025, driven by overseas OBM (Original Brand Manufacturer) and resilient domestic performance [2] - The ToB (To Business) segment is projected to see an 18% increase in revenue in Q3 2025, with significant contributions from new energy and industrial technology sectors [2] - Midea has established production bases in 12 countries, including Thailand, Egypt, the USA, and Brazil, to mitigate tariff and logistics costs, enhancing profitability [3] - The gross margin for Q3 2025 is reported at 26.4%, an increase of 1.2 percentage points, attributed to improved product mix and higher overseas sales [3] - The forecasted net profit for Midea Group for 2025-2027 is 449.0 billion yuan, 487.1 billion yuan, and 532.3 billion yuan respectively, with corresponding dynamic PE ratios of 12.9, 11.9, and 10.9 [3] Financial Data Summary - Revenue for 2023 is projected at 373,709.80 million yuan, with a growth rate of 8.10% [4] - The net profit for 2023 is estimated at 33,719.94 million yuan, reflecting a growth rate of 14.10% [4] - The earnings per share (EPS) for 2023 is expected to be 4.80 yuan [4] - The price-to-earnings (P/E) ratio for 2023 is 15.66 [4] - The company’s total assets are projected to reach 486,038.18 million yuan in 2023 [11]

Core Viewpoint - Midea Group announced a share buyback plan, investing approximately RMB 99.9933 million to repurchase 1.3248 million A-shares at a price range of RMB 74.91 to 75.78 per share [1] Summary by Category - **Company Actions** - Midea Group plans to repurchase a total of 1.3248 million A-shares [1] - The total investment for the buyback is approximately RMB 99.9933 million [1] - The buyback price per share is set between RMB 74.91 and 75.78 [1]

智通财经APP讯，美的集团(00300)发布公告，于2025年11月4日，该公司斥资人民币9999.33万元回购 132.48万股A股，每股回购价格为74.91-75.78元。 ...

Core Viewpoint - Midea's air conditioning systems are recognized for their advanced technology and reliability, making them a preferred choice for major sporting events and global markets, showcasing the strength of Chinese manufacturing and innovation [1][7][12]. Group 1: Technological Advancements - Midea has established "competition-level standards" for air conditioning systems, ensuring precise temperature control and energy efficiency, which are critical for large-scale sports events [3]. - The company has invested over 18 billion yuan in R&D over the past five years, resulting in 38 global R&D centers and over 25,000 authorized patents, emphasizing its commitment to innovation [5]. - Midea's air conditioning systems feature advanced technologies such as "no-wind" and "full air" designs, enhancing user comfort and addressing specific needs [10]. Group 2: Market Position and Performance - Midea holds a 27.5% global market share in air conditioning, with annual sales exceeding 71 million units, making it the leading brand worldwide [7]. - The company has achieved significant sales success during major shopping events, reflecting consumer trust and preference for its products [9][10]. Group 3: Commitment to User Experience - Midea's focus on user-centered design is evident in its development of products that cater to diverse consumer needs, ensuring comfort and reliability [5][12]. - The company boasts a robust service network with over 190,000 certified engineers and 6,000 service points nationwide, promising rapid response and comprehensive support [10].

Core Viewpoint - Midea Group announced a share buyback plan, intending to repurchase 1.3248 million A-shares at a total cost of approximately RMB 99.9933 million, with a buyback price range of RMB 74.91 to 75.78 per share [1] Summary by Category - **Company Actions** - Midea Group plans to repurchase 1.3248 million A-shares [1] - The total expenditure for the buyback is approximately RMB 99.9933 million [1] - The buyback price is set between RMB 74.91 and 75.78 per share [1]

格隆汇11月4日｜香港交易所信息显示，贝莱德在美的集团H股的持股比例于10月29日从4.64%升至 5.88%。 ...

Market Overview - The white goods sector experienced a slight decline of 0.1% on November 4, with Changhong Meiling leading the drop [1] - The Shanghai Composite Index closed at 3960.19, down 0.41%, while the Shenzhen Component Index closed at 13175.22, down 1.71% [1] Stock Performance - Notable stock performances in the white goods sector included: - Snowman Electric (001387) closed at 14.07, up 0.64% with a trading volume of 23,100 shares - TCL Smart Home (002668) closed at 11.10, up 0.63% with a trading volume of 348,200 shares - Gree Electric (000651) closed at 39.71, up 0.48% with a trading volume of 398,200 shares - Haier Smart Home (600690) closed at 26.65, down 0.26% with a trading volume of 447,900 shares - Midea Group (000333) closed at 75.16, down 0.31% with a trading volume of 302,600 shares [1] Capital Flow - The white goods sector saw a net inflow of 177 million yuan from institutional investors, while retail investors experienced a net outflow of 77.63 million yuan [1] - Detailed capital flow for key companies included: - Midea Group (000333) had a net inflow of 97.02 million yuan from institutional investors, while retail investors had a net outflow of 13.1 million yuan [2] - Gree Electric (000651) saw a net inflow of 74.56 million yuan from institutional investors, with retail investors experiencing a net outflow of 3.70 million yuan [2] - Haier Smart Home (600690) had a net inflow of 54.68 million yuan from institutional investors, while retail investors had a net inflow of 617,320 yuan [2]