Financial Performance - Revenue for the third quarter reached 101.7 billion yuan, an increase of 8.05% year-over-year[3] - Net profit attributable to shareholders of the listed company was 10.89 billion yuan, up 14.86% compared to the same period last year[3] - Basic earnings per share for the quarter rose 12.23% to 1.56 yuan[3] - Total operating revenue for the first nine months of 2024 reached RMB 320.35 billion, a 9.6% increase compared to RMB 292.38 billion in the same period of 2023[12] - Net profit attributable to shareholders of the parent company for the first nine months of 2024 was RMB 31.70 billion, up 14.4% from RMB 27.72 billion in the same period of 2023[12] - Basic earnings per share for the first nine months of 2024 were RMB 4.58, up 12.8% from RMB 4.06 in the same period of 2023[13] - Total comprehensive income for the first nine months of 2024 was RMB 31.20 billion, a 12.5% increase compared to RMB 27.74 billion in the same period of 2023[13] Business Segment Performance - Smart home business generated 215.4 billion yuan in revenue year-to-date, a 10% increase year-over-year[3] - New energy and industrial technology segment revenue grew 19% year-over-year to 25.4 billion yuan[3] Cash Flow and Financial Position - Operating cash flow for the first nine months of the year surged 34.56% to 60.26 billion yuan[3] - Investment activities resulted in a net cash outflow of 90.56 billion yuan, a 169.47% increase compared to the previous year[7] - Financing activities generated a net cash inflow of 19.96 billion yuan, a significant turnaround from the previous year's outflow[7] - Total assets increased by 16.69% to 567.15 billion yuan compared to the end of the previous year[3] - The company's equity attributable to shareholders increased by 28.25% to 208.89 billion yuan[3] - Total assets increased to RMB 567.15 billion as of September 30, 2024, compared to RMB 486.04 billion at the end of 2023[10] - Total liabilities rose to RMB 346.85 billion as of September 30, 2024, from RMB 311.74 billion at the end of 2023[11] - Shareholders' equity grew to RMB 220.30 billion as of September 30, 2024, up from RMB 174.30 billion at the end of 2023[11] - Cash and cash equivalents stood at RMB 160.88 billion as of September 30, 2024, compared to RMB 81.67 billion at the end of 2023[10] - Accounts receivable increased to RMB 36.92 billion as of September 30, 2024, from RMB 32.88 billion at the end of 2023[10] - Inventory decreased to RMB 42.77 billion as of September 30, 2024, from RMB 47.34 billion at the end of 2023[10] - Short-term borrowings surged to RMB 27.94 billion as of September 30, 2024, from RMB 8.82 billion at the end of 2023[11] - Long-term borrowings decreased to RMB 10.49 billion as of September 30, 2024, from RMB 46.14 billion at the end of 2023[11] - Retained earnings increased to RMB 146.85 billion as of September 30, 2024, from RMB 136.28 billion at the end of 2023[11] - Minority interests remained stable at RMB 11.41 billion as of September 30, 2024, compared to RMB 11.42 billion at the end of 2023[11] - Sales revenue from goods and services received in cash increased to 312.17 billion yuan, up 19.0% from 262.38 billion yuan in the same period last year[14] - Net cash flow from operating activities rose to 60.26 billion yuan, a 34.6% increase compared to 44.79 billion yuan in the previous year[14] - Net cash flow from investing activities was negative 90.56 billion yuan, a significant decrease from negative 33.61 billion yuan in the same period last year[14] - Net cash flow from financing activities improved to 19.96 billion yuan, compared to negative 13.41 billion yuan in the previous year[15] - Cash and cash equivalents at the end of the period decreased to 49.31 billion yuan from 59.89 billion yuan at the beginning of the period[15] - The company received 7.42 billion yuan in tax refunds, up 20.0% from 6.18 billion yuan in the same period last year[14] - Payments for goods and services increased to 190.84 billion yuan, up 19.4% from 159.85 billion yuan in the previous year[14] - Cash received from investments decreased to 71.22 billion yuan, down 18.2% from 87.12 billion yuan in the same period last year[14] - Cash paid for investments increased to 160.02 billion yuan, up 32.0% from 121.24 billion yuan in the previous year[14] Shareholder Information - Total number of ordinary shareholders at the end of the reporting period: 271,449, including 67 H-share registered shareholders and 271,382 A-share shareholders[8] - Midea Holding Co., Ltd. holds 28.36% of the shares, totaling 2,169,178,713 shares[8] - Hong Kong Securities Clearing Company Limited holds 14.76% of the shares, totaling 1,129,385,202 shares[8] - HKSCC NOMINEES LIMITED holds 8.51% of the shares, totaling 650,828,180 shares[8] - China Securities Finance Corporation Limited holds 2.59% of the shares, totaling 198,145,134 shares[8] - Fang Hongbo holds 1.53% of the shares, totaling 116,990,492 shares[8] - China Industrial and Commercial Bank Limited - Huatai-PineBridge CSI 300 ETF holds 1.23% of the shares, totaling 93,801,083 shares[8] - Central Huijin Asset Management Co., Ltd. holds 1.15% of the shares, totaling 88,260,460 shares[8] - Huang Jian holds 1.13% of the shares, totaling 86,140,000 shares[8] - China Construction Bank Limited - E Fund CSI 300 ETF holds 0.81% of the shares, totaling 62,264,445 shares[8] Expenses and Other Financial Metrics - R&D expenses for the first nine months of 2024 amounted to RMB 11.40 billion, a 13.9% increase compared to RMB 10.01 billion in the same period of 2023[12] - Interest income for the first nine months of 2024 was RMB 5.46 billion, a 6.8% increase compared to RMB 5.11 billion in the same period of 2023[12] - Sales expenses for the first nine months of 2024 were RMB 31.16 billion, a 23.0% increase compared to RMB 25.35 billion in the same period of 2023[12] - Income tax expenses for the first nine months of 2024 were RMB 6.25 billion, a 13.7% increase compared to RMB 5.50 billion in the same period of 2023[12] - Total assets impairment loss for the first nine months of 2024 was RMB 353.66 million, a 105.1% increase compared to RMB 172.48 million in the same period of 2023[12] - Foreign currency translation differences for the first nine months of 2024 resulted in a loss of RMB 489.25 million, compared to a gain of RMB 84.63 million in the same period of 2023[13] Audit and Reporting - The company's third quarter report was not audited[16]

美的集团股份有限公司 章程 （2024 年 10 月 30 日，经董事会审议通过，尚需 2024 年第三 次临时股东大会审议） | 第一章 | 总则 1 | | --- | --- | | 第二章 | 经营宗旨和范围 2 | | 第三章 | 股份 3 | | 第一节 | 股份发行 3 | | 第二节 | 股份增减和回购 4 | | 第三节 | 股份转让 5 | | 第四章 | 股东和股东大会 6 | | 第一节 | 股东 6 | | 第二节 | 股东大会的一般规定 10 | | 第三节 | 股东大会的召集 12 | | 第四节 | 股东大会的提案与通知 13 | | 第五节 | 股东大会的召开 16 | | 第六节 | 股东大会的表决和决议 19 | | 第五章 | 董事会 24 | | 第一节 | 董事 24 | | 第二节 | 董事会 28 | | 第六章 | 总裁及其他高级管理人员 32 | | 第七章 | 监事会 34 | | 第一节 | 监事 34 | | 第二节 | 监事会 35 | | 第八章 | 财务会计制度、利润分配和审计 36 | | 第一节 | 财务会计制度 36 | | 第二节 | 内 ...

证券代码：000333 证券简称：美的集团 公告编号：2024-091 美的集团股份有限公司 关于 H 股发行稳定价格行动及稳定价格期结束的公告 港证券及期货事务监察委员会交易征费、0.00565%香港联交所交易费及 0.00015% 香港会计及财务汇报局交易征费）悉数行使超额配售权，以便于向已同意延迟交 付其根据全球发售认购的相关 H 股的承配人交付部分 H 股。 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。 经香港联合交易所有限公司（以下简称"香港联交所"）批准，美的集团股 份有限公司（以下简称"公司"）发行的 565,955,300 股 H 股股票（行使超额配 售权之前）已于 2024 年 9 月 17 日在香港联交所主板挂牌并上市交易（以下简称 "本次发行"），具体详见公司于 2024 年 9 月 18 日披露的《关于 H 股挂牌并 上市交易的公告》。 根据本次发行方案，公司同意由整体协调人（代表国际承销商）于 2024 年 9月25日悉数行使超额配售权，按发售价每股H股股份54.80港元发行84,893,200 股 H 股股份。前述超额配售权悉数行 ...

关于合伙人持股计划股票出售完毕暨终止的公告 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。 证券代码：000333 证券简称：美的集团 公告编号：2024-089 美的集团股份有限公司 根据《合伙人持股计划（草案）》的相关规定，公司本次员工持股计划已实施 完毕，后续将进行财产清算和分配工作。本次员工持股计划持有人享有的收益将 按持有人归属标的股票额度的比例扣除相关税费后进行分配。 1、公司分别于 2021 年 8 月 6 日和 8 月 14 日披露了《关于第七期全球合伙 人持股计划非交易过户完成的公告》和《关于第四期事业合伙人持股计划非交易 过户完成的公告》，第七期全球合伙人持股计划受让公司回购专用证券账户股份 总数为 2,436,518 股，第四期事业合伙人持股计划受让公司回购专用证券账户股 份总数为 1,985,611 股。 2、根据《核心管理团队持股计划暨"美的集团全球合伙人计划"之第七期持 股计划（草案）》的相关安排，第七期全球合伙人持股计划已经完成最终的归属。 由于存续期内个别持有人职务发生变更或离职，以致不再符合参与持股计划的人 1 员资格的，由管 ...

证券代码：000333 证券简称：美的集团 公告编号：2024-090 美的集团股份有限公司 关于 2023 年持股计划第一次归属股票出售完毕的公告 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。 2024 年 9 月 30 日至 10 月 8 日，2023 年持股计划第一次归属的 3,738,311 股 （占总股本比例 0.0489%）已通过集中竞价交易方式出售完毕。2023 年持股计划 在实施期间，严格遵守了股票市场交易规则和中国证券监督管理委员会、深圳证 券交易所的相关规定，不存在利用内幕信息进行交易的情形。 根据《2023 年持股计划（草案）》的相关规定，公司本次持股计划已完成第 一次股份归属及出售，后续将进行收益分配工作。本次持股计划持有人享有的收 益将按持有人归属标的股票额度的比例扣除相关税费后进行分配。 特此公告。 美的集团股份有限公司（以下简称"公司"或"美的集团"）2023 年持股计 划已经 2023 年 4 月 27 日和 2023 年 5 月 19 日召开的第四届董事会第十五次会议 和 2022 年年度股东大会审议通过，依据 2023 年 ...

证券代码：000333 证券简称：美的集团 公告编号：2024-086 美的集团股份有限公司 关于第七期全球合伙人和第四期事业合伙人持股计划 美的集团股份有限公司（以下简称"公司"或"本公司"）分别于 2021 年 4 月 28 日和 2021 年 5 月 21 日召开第三届董事会第三十二次会议和 2020 年年度股东大 会审议通过了《美的集团股份有限公司核心管理团队持股计划暨"美的集团全球合 伙人计划"之第七期持股计划（草案）及其摘要》和《美的集团股份有限公司核心 管理团队持股计划暨"美的集团事业合伙人计划"之第四期持股计划（草案）及其 摘要》，根据中国证监会《关于上市公司实施员工持股计划试点的指导意见》和《深 圳证券交易所上市公司自律监管指引第 1 号—主板上市公司规范运作》的相关要 求，已经完成第七期全球合伙人和第四期事业合伙人持股计划的全部归属，现将相 关情况公告如下： 一、第七期全球合伙人和第四期事业合伙人持股计划的归属情况 1、公司分别于 2021 年 8 月 6 日和 8 月 14 日披露了《关于第七期全球合伙人 持股计划非交易过户完成的公告》和《关于第四期事业合伙人持股计划非交易过户 完成的公 ...

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"）分别于 2023 年 4 月 27 日和 2023 年 5 月 19 日召开第四届董事会第十五次会议和 2022 年年度股东 大会审议通过《2023 年持股计划（草案）及摘要》，根据中国证监会《关于上市公 司实施员工持股计划试点的指导意见》和《深圳证券交易所上市公司自律监管指引 第 1 号—主板上市公司规范运作》的相关要求，将 2023 年持股计划的第一次归属 情况公告如下： 一、2023 年持股计划第一次归属情况 证券代码：000333 证券简称：美的集团 公告编号：2024-088 美的集团股份有限公司 关于 2023 年持股计划第一个归属期权益归属的公告 根据 2023 年各单位业绩目标的达成情况及持有人考核结果，确定了 2023 年 持股计划持有人第一个考核期股票权益的归属情况。其中公司现任高管方洪波、王 建国、伏拥军、顾炎民、管金伟、柏林、赵磊、钟铮、张小懿、李国林、王金亮、 赵文心、江鹏分别归属 383,870 股、76,069 股、79,873 股 ...

证券代码：000333 证券简称：美的集团 公告编号：2024-087 美的集团股份有限公司 公司第八期全球合伙人和第五期事业合伙人持股计划设置的公司业绩考核指 标为归属考核期内 2022 年和 2023 年加权平均净资产收益率不低于 20%及 2024 年 加权平均净资产收益率不低于 18%。根据普华永道中天会计师事务所（特殊普通合 伙）出具的《美的集团股份有限公司 2023 年年度审计报告》，公司 2023 年度的加 权平均净资产收益率为 22.23%，即公司第八期全球合伙人和第五期事业合伙人持 股计划的第二个归属考核期业绩考核指标已达成。 根据 2023 年各单位业绩目标的达成情况及持有人考核结果，确定了第八期全 球合伙人持股计划持有人第二个考核期股票权益的归属情况。其中公司现任高管 方洪波、王建国、伏拥军、顾炎民、管金伟、柏林、赵磊、钟铮和张小懿分别归属 337,953 股、47,974 股、68,230 股、47,974 股、52,239 股、57,569 股、68,230 股、 34,648 股和 55,970 股，其他持有人共计归属 216,418 股，合计归属 987,205 股。 关于第八期 ...

证券代码：000333 证券简称：美的集团 公告编号：2024-085 美的集团股份有限公司 关于悉数行使超额配售权的公告 特此公告。 美的集团股份有限公司董事会 2024 年 9 月 26 日 经香港联合交易所有限公司（以下简称"香港联交所"）批准，美的集团股 份有限公司（以下简称"公司"）发行的 565,955,300 股 H 股股票（行使超额配售 权之前）已于 2024 年 9 月 17 日在香港联交所主板挂牌并上市交易（以下简称 "本次发行"）。公司 H 股股票中文简称为"美的集團"，英文简称为"MIDEA GROUP"，股份代号为"0300"，具体详见公司于 2024 年 9 月 18 日披露的《关 于 H 股挂牌并上市交易的公告》。 根据本次发行方案，公司同意由整体协调人（代表国际承销商）于 2024 年 9月25日悉数行使超额配售权，按发售价每股H股股份54.80港元发行84,893,200 股 H 股股份。前述超额配售权悉数行使后，本次发行的 H 股由 565,955,300 股增 加至 650,848,500 股。 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 ...

Investment Rating - The investment rating for Midea Group is "Buy" [3] Core Views - Midea Group's H shares debuted on September 17, 2024, closing at HKD 59.10, with a first-day increase of 7.85%. The shares were issued at a discount of 15.3% compared to the A-share closing price on September 13, 2024 [1] - The company aims to utilize the net proceeds from the H share issuance for global R&D (20%), upgrading intelligent manufacturing and supply chain management (35%), enhancing global sales networks and increasing brand sales overseas (35%), and general corporate purposes (10%) [1] - The domestic policy for replacing old appliances, which provides a subsidy of 15% of the sales price, is expected to benefit leading companies in the industry, including Midea Group, due to its strong brand and operational capabilities [1] - Midea Group is projected to achieve net profits of CNY 37.31 billion, CNY 41.27 billion, and CNY 45.59 billion for the years 2024, 2025, and 2026, respectively, reflecting year-on-year growth rates of 10.7%, 10.6%, and 10.5% [1] Financial Summary - For the fiscal year 2022, Midea Group reported revenue of CNY 343.92 billion and a net profit of CNY 29.55 billion, with a year-on-year growth rate of 0.8% and 3.4%, respectively [2] - The company’s earnings per share (EPS) for 2023 is projected at CNY 4.46, with a price-to-earnings (P/E) ratio of 14.2 [2] - The forecasted revenue for 2024 is CNY 404.03 billion, with a net profit of CNY 37.31 billion, indicating a growth rate of 10.7% [2][10] - The company maintains a return on equity (ROE) of 20.7% for 2022, with a projected decrease to 18.8% in 2024 [2][9] Market Position - Midea Group is recognized as a leading player in the white goods industry, with a total market capitalization of approximately CNY 480.18 billion as of September 13, 2024 [3] - The company has a free float of 98.46% of its shares, indicating a high level of liquidity in the market [3]