智通财经APP讯，美的集团(00300)公布，通过私人安排合共回购约132.77万股A股，涉资约2669.48万 元。 ...

Core Viewpoint - The article discusses the impact of the 2026 "National Subsidy" policy for replacing old home appliances on leading home appliance companies' performance in the coming year, particularly focusing on Midea Group's stock buyback and financial performance [3][31]. Group 1: Stock Buyback and Market Performance - Midea Group has spent 10 billion on stock buybacks from June 17, 2025, to December 8, 2025, with 70.36% of the repurchased shares set for cancellation, signaling strong cash flow and valuation discount [3][4]. - Since the buyback began, Midea Group's stock has seen a maximum increase of over 15%, closing at a price that attempted to reach its historical high of 88.74 yuan per share [4]. - The stock's price-to-earnings ratio (PE) reached 13.32 times, with a dividend yield of 5.16%, indicating an attractive valuation [30]. Group 2: Financial Performance - Midea Group's revenue for 2024 is projected to be 409.1 billion, a year-on-year increase of 9.5%, with the first three quarters of 2024 showing a revenue of 364.7 billion, up 13.8% [5][10]. - The net profit for 2024 is expected to be 38.54 billion, reflecting a 14.3% increase year-on-year, with the first three quarters showing a net profit of 37.88 billion, up 19.5% [10]. - Midea Group has consistently outperformed competitors like Gree Electric and Haier Smart Home in terms of revenue and net profit since 2020 [10][12]. Group 3: B2B Business Contribution - Midea Group's B2B business contributed significantly to its revenue, with 2024 B2B revenue at 104.5 billion, accounting for 26% of total revenue [15]. - The B2B segment includes various solutions such as new energy and industrial technology, smart building technology, and robotics, with the new energy and industrial technology segment showing a 20.58% year-on-year growth [16][20]. - The company has strategically elevated its B2B business to be on par with its consumer-oriented smart home business since 2020, marking a significant shift in its operational focus [19]. Group 4: Acquisition Strategy - Midea Group has a history of strategic acquisitions that have bolstered its growth, including the purchase of Toshiba's air conditioning business and KUKA Robotics, enhancing its capabilities in various sectors [22][24]. - The acquisitions have allowed Midea to fill gaps in its product offerings and expand its global influence, with a notable increase in goodwill, reaching 34.37 billion by the end of Q3 2025 [25]. - The company has not experienced significant goodwill impairment in any fiscal year, indicating successful integration of acquired entities [25]. Group 5: Future Outlook with National Subsidy - The new "National Subsidy" policy for 2026 will continue to support the home appliance sector but will be more focused and optimized, which is seen as a positive for leading companies like Midea [31].

空调作为家电中的高能耗大件，节能诉求首当其冲。近年来空调市场，"变频省电"已成为厂商宣传的标 配。然而，在用户实际使用中，常出现为了节能而牺牲速度，导致体感波动，甚至产生无效能耗的情 况，使得电费居高不下。特别是冬季，空调采暖高能耗，制热耗电更是远超制冷，让很多家庭不敢开空 调取暖。 作为空调行业的破局者，美的酷省电系列凭借省电节能的卓越表现，狂销1000W套，成为市场热销爆 款。在2026年1月1日新年伊始，美的酷省电系列全新升级，带来全能省电"王炸"——酷省电二代，这款 号称"冷暖省电双先锋"的新品，直戳"能耗与舒适"核心痛点，究竟带来怎样的硬核突破？ 核"芯"突破：强强联合打造"省电大脑"，改写节能底层逻辑 传统空调的节能算法粗暴，大多依赖预设程序或云端指令，空调响应速度慢，在温度达到设定值后，仍 持续高功率运行，甚至产生无效能耗，造成大量电能的浪费。 美的酷省电二代搭载由美的与海思联合研发的行业首款AI变频芯片，实现从"固定算法执行"到"本地实 时决策"的底层跨越。这颗"强芯"，带来700％的算力提升，响应速度快至3毫秒，能实时感知室内温 度、人员流动、不同家庭成员生活习惯等环境场景变化，本地瞬时计算 ...

Market Overview - The white goods sector experienced a decline of 1.01% on December 31, with TCL leading the drop [1] - The Shanghai Composite Index closed at 3968.84, up 0.09%, while the Shenzhen Component Index closed at 13525.02, down 0.58% [1] Individual Stock Performance - Changhong Meiling (000521) closed at 6.55, up 1.71% with a trading volume of 114,800 shares and a turnover of 74.87 million yuan [1] - Whirlpool (600983) closed at 9.56, up 0.53% with a trading volume of 19,900 shares and a turnover of 18.93 million yuan [1] - Aucma (600336) closed at 8.22, up 0.37% with a trading volume of 220,700 shares and a turnover of 182 million yuan [1] - Gree Electric (000651) closed at 40.22, down 0.76% with a trading volume of 503,000 shares and a turnover of 2.028 billion yuan [1] - Midea Group (000333) closed at 78.15, down 0.89% with a trading volume of 287,800 shares and a turnover of 2.257 billion yuan [1] - Hisense Home Appliances (000921) closed at 24.81, down 1.39% with a trading volume of 99,700 shares and a turnover of 249 million yuan [1] - Haier Smart Home (600690) closed at 26.09, down 1.70% with a trading volume of 435,700 shares and a turnover of 1.142 billion yuan [1] - TCL Smart Home (002668) closed at 10.38, down 4.07% with a trading volume of 254,100 shares and a turnover of 267 million yuan [1] Capital Flow Analysis - The white goods sector saw a net outflow of 424 million yuan from institutional investors, while retail investors contributed a net inflow of 235 million yuan [1] - TCL Smart Home experienced a net outflow of 45.27 million yuan from retail investors, despite a net inflow of 35.83 million yuan from institutional investors [2] - Midea Group had a net outflow of 44.91 million yuan from retail investors, with a net inflow of 29.11 million yuan from institutional investors [2] - Haier Smart Home had a significant net inflow of 68.95 million yuan from retail investors, despite a net outflow of 21.1 million yuan from institutional investors [2]

【#人形机器人美拉系列最终测试#】智通财经12月31日电，美的集团(000333.SZ)发布投资者关系活动 记录表公告称，公司的人形机器人，面向工业场景的"美罗"系列已完成三代产品迭代；面向商业与家庭 场景的"美拉"系列产品已进入最终测试阶段，计划2026年进驻美的线下体验门店，承担产品导览、功能 演示等服务类任务。(智通财经) ...

每经头条（nbdtoutiao）——2025十大财经新闻出炉！护航、酣战、变局、狂飙分别指向哪些大事件？ （记者 曾健辉） 每经AI快讯，美的集团发布公告称，2025年12月31日，美的集团接受华创证券等投资者调研，公司管 理层参与接待，并回答了投资者提出的问题。 ...

12月31日，美的集团(000333.SZ)发布投资者关系活动记录表公告称，公司的人形机器人，面向工业场 景的"美罗"系列已完成三代产品迭代；面向商业与家庭场景的"美拉"系列产品已进入最终测试阶段，计 划2026年进驻美的线下体验门店，承担产品导览、功能演示等服务类任务。 （文章来源：每日经济新闻） ...

美的集团(000333.SZ)发布投资者关系活动记录表公告称，公司的人形机器人，面向工业场景的"美罗"系 列已完成三代产品迭代；面向商业与家庭场景的"美拉"系列产品已进入最终测试阶段，计划2026年进驻 美的线下体验门店，承担产品导览、功能演示等服务类任务。 ...

1 / 3 | 这几年，智能建筑科技板块开拓了多元化的客户群体，包 | | --- | | 括数据中心、医疗卫生、工业园区、轨道交通、高端酒店、商 | | 业地产、科教文体、农林牧渔、采暖供暖等。同时，公司也在 | | 不同的区域，开拓了多类型的客户。 | | 上半年，据产业在线数据显示，公司商用多联机 2025 | | （VRF）的国内市场销售额占比超过 28%，继续稳居行业第一； | | 据艾肯网报告显示，公司离心机组市场销售额占比超过 15%， | | 位居行业第一；公司离心机发货量同比增长超 65%，其中磁悬 | | 浮离心机发货量同比超过 130%。 | | 在国内，公司今年 5 月份为中国电信粤港澳大湾区首个大 | | 规模全液冷智能算力数据中心提供高压变频离心式冷水机组。 | | 在海外，公司为马来西亚吉隆坡时代广场提供高效冷水机组+ | | 控制系统；为新加坡登加镇二期组屋提供高效集成冷站解决方 | | 案；为蓝思科技越南制造基地提供高效机房解决方案；为国轩 | | 高科芝加哥工厂提供磁悬浮离心机；为富士康墨西哥芯片工厂 | | 提供高效稳定的温控解决方案；为巴西 MRV 体育馆提供一站 | ...

Group 1 - The market is experiencing a decline in volatility, which may create conditions for a breakthrough of previous highs. However, there may be increased volatility in early January due to profit-taking by investors and potential redemption pressure in the ETF market [1] - The overall profit growth of the market is gradually recovering but lacks elasticity, leading to a focus on thematic assets and investment opportunities under grand narratives [1] - It is suggested to start gradually positioning in various thematic investment opportunities in mid to late January [1] Group 2 - The report recommends a selection of "golden stocks" for January 2026, including companies such as Midea Group, Senqilin, and China Ping An, each with specific investment logic and growth potential [15] - Midea Group is expected to benefit from strong B-end revenue growth and a high dividend payout ratio, while Senqilin is positioned to gain from overseas production capacity and pricing power due to EU tariffs [15] - Sunshine Power is anticipated to see high growth in its energy storage business, driven by demand in North America and new product launches [15] Group 3 - Key financial data for the recommended stocks indicates expected earnings per share (EPS) growth for Midea Group from 5.07 yuan in 2024 to 6.37 yuan in 2026, with a price-to-earnings (PE) ratio decreasing from 16 to 12 [16] - Senqilin's EPS is projected to increase from 2.11 yuan in 2024 to 1.83 yuan in 2026, with a PE ratio expected to drop from 10 to 12 [16] - China Ping An is forecasted to have an EPS growth from 6.95 yuan in 2024 to 9.51 yuan in 2026, with a PE ratio decreasing from 10 to 7 [16]