北京商报讯（记者 陶凤 王天逸）10月29日，美的集团披露2025年三季度报告，公司三季度实现营业收 入1119.33亿元，同比增长10.06%；归属于上市公司股东的净利润118.7亿元，同比增长8.95%。 2025年前三季度，公司实现营业收入3630.57亿元，同比增长13.82%；归属于上市公司股东的净利润 378.83亿元，同比增长19.51%。 ...

Core Insights - Midea Group reported a double-digit growth in revenue for the first three quarters of the year, but the net profit growth in the third quarter showed signs of slowing down [2] - The domestic home appliance market faced pressure in the third quarter due to adjustments in national subsidy policies, affecting not only Midea but also other companies like Hisense and TCL [3] Financial Performance - For the first three quarters of 2023, Midea Group's revenue increased by 13.82% year-on-year to 363.057 billion yuan, while the net profit attributable to shareholders rose by 19.51% to 37.883 billion yuan [2] - In the third quarter alone, Midea's revenue grew by 10.06% year-on-year to 111.933 billion yuan, and the net profit increased by 8.95% to 11.87 billion yuan, indicating a slowdown in profit growth [2] Management Changes - Midea Group announced the resignation of its Vice President Berlin, who was previously the President of the China region. He will continue to hold other positions within the company [2] - Wang Chunkai has been appointed as the new President of Midea's China region, while Yin Xianhe will take over as the domestic marketing general manager for the washing machine division [2] Market Context - The domestic home appliance market's growth in the third quarter was constrained by the adjustment of national subsidy policies, impacting major players like Hisense and TCL as well [3] - Hisense reported a revenue growth of only 1.35% to 71.533 billion yuan for the first three quarters, with a net profit increase of 0.67% to 2.812 billion yuan, and a decline in net profit in the third quarter [4] - TCL's global TV shipments increased by 5.3% to 21.08 million units, but its domestic shipments fell by 4.1% [4] Strategic Developments - Midea Group's growth is attributed to its focus on expanding its ToB (business-to-business) and overseas operations, with ToB revenue increasing by 18% year-on-year [4] - The company reported significant growth in specific sectors, including new energy and industrial technology, with revenues of 30.6 billion yuan and 28.1 billion yuan respectively [4]

Financial Performance - Midea Group reported a total revenue of approximately 111.9 billion yuan for Q3 2025, with a net profit of about 11.87 billion yuan, reflecting a year-on-year growth of nearly 9% [1] - For the first three quarters of the year, the company achieved a revenue of 363.06 billion yuan, a year-on-year increase of 13.82%, and a net profit of 37.88 billion yuan, up 19.51% [1] - The revenue growth in Q3 was approximately 10% year-on-year [1] Shareholder Returns - Midea Group has increased its shareholder returns by announcing a mid-term cash dividend of 5 yuan for every 10 shares and continuing its share buyback program [1] Business Segments - The growth in Midea Group's performance is attributed to the steady rise of its "second engine" To B business, with revenues from new energy and industrial technology, smart building technology, and robotics and automation reaching 30.6 billion yuan, 28.1 billion yuan, and 22.6 billion yuan respectively, with year-on-year growth rates of 21%, 25%, and 9% [1] Robotics Development - Midea Group is focusing on the humanoid robotics sector with a development strategy centered on application-driven solutions, including industrial robot intelligence, home appliance robotics, and humanoid robot value creation [2] - The company launched five strategic intelligent products in September, enhancing its capabilities in the industrial robotics space [2] - Midea's "COLMO AI管家" is the first AI agent in the home appliance industry with a trillion-level data volume, showcasing its commitment to home appliance robotics [2] Strategic Transformation - Midea Group is also targeting strategic transformations in energy and healthcare sectors, with the launch of "Midea Energy" and "Midea Healthcare" brands [3] - The company has introduced a three-dimensional strategy for energy, integrating storage, heat pumps, and AI to enhance business competitiveness [3] International Expansion - Midea Group's overseas OBM revenue has increased significantly, benefiting from its strong global production capabilities and brand development [4] - The company has established a presence in over 200 countries and regions, with 38 R&D centers and 63 major manufacturing bases globally, including 22 R&D centers and 41 bases overseas [4]

Core Insights - Midea Group reported a strong performance in Q3 2025, with both revenue and net profit showing significant growth [1] Financial Performance - In Q3 2025, Midea Group achieved an operating revenue of 1119.33 billion, representing a year-on-year increase of 10.06% [1] - The net profit attributable to shareholders for Q3 2025 was 118.70 billion, reflecting a year-on-year growth of 8.95% [1] - For the first three quarters of 2025, the total operating revenue reached 3630.57 billion, up 13.82% year-on-year [1] - The net profit attributable to shareholders for the first three quarters was 378.83 billion, marking a year-on-year increase of 19.51% [1] Business Segment Performance - The growth in performance was driven by several business segments, including: - New Energy and Industrial Technology, which generated revenue of 306 billion, a year-on-year increase of 21% [1] - Smart Building Technology, with revenue of 281 billion, showing a year-on-year growth of 25% [1] - Robotics and Automation, which reported revenue of 226 billion, reflecting a year-on-year increase of 9% [1]

Group 1 - The report indicates a significant increase in the scale of actively managed equity funds, with a current position of 87% [8][19] - The report highlights a shift in industry allocation, with increased investments in electronics, communication, electric power equipment, non-ferrous metals, and retail, while reducing exposure to banking, food and beverage, home appliances, automotive, and defense industries [21][22] - The report notes a preference for high elasticity, high momentum, and high volatility stocks, with a further increase in growth stocks compared to the previous period [29] Group 2 - The report states that the scale of actively managed bond funds has decreased by 2.3%, while the number of funds continues to grow [9] - The allocation has shifted towards financial bonds, medium-term notes, corporate bonds, and convertible bonds, with a decrease in government bonds and interbank deposits [9] - The average duration of medium to long-term pure bond funds is reported at 3.50, indicating a high overall duration despite a downward trend in government bond yields [9] Group 3 - The report mentions that 19 new FOF products were launched in Q3 2025, with a total scale increase of approximately 20.5% compared to Q2 2025 [11] - The allocation continues to favor passive bond funds, while the proportion of actively managed equity and QDII funds has decreased [12] - FOF equity funds are focusing on strong industry allocation and dynamic trading capabilities, particularly favoring technology growth funds [12][13] Group 4 - The report indicates that the top sectors for growth-oriented funds include electronics, biomedicine, electric power equipment, communication, and food and beverage [51] - Growth-oriented funds have increased their positions in electronics, communication, electric power equipment, non-ferrous metals, and retail [52] - The report emphasizes that AI and innovative pharmaceuticals are current market hotspots, with a focus on the domestic policy support and global market positioning of leading companies [51][52]

美的集团（000333）(00300)公布，公司于近日收到公司副总裁柏林先生的书面工作变动安排报告，柏 林先生因工作变动安排不再担任副总裁职务。离任后，柏林先生仍在公司担任其他职务。柏林先生的离 任自2025年10月29日起生效。 ...

Core Viewpoint - Midea Group announced the resignation of Vice President Mr. Berlin, effective from October 29, 2025, due to work arrangement changes, although he will continue to hold other positions within the company [1] Company Changes - Mr. Berlin will no longer serve as Vice President but will remain with the company in a different capacity [1] - The effective date of Mr. Berlin's resignation is set for October 29, 2025 [1]

随着资本市场对于优质资产的重估进程持续深入，兼具价值与成长属性的核心资产公司，作为市场里稀缺的"压舱石"理应更加得到投资者群体的重视。10月 29日晚间，美的集团（00300，000333.SZ）披露了2025年三季报，公司继续以一份稳健兑现成长预期的答卷，为其"风雨中出发，去写新故事"添上生动的新 注脚。 作为美的集团战略转型的重要支柱产业之一，美的能源产业今年来同样是大动作不断。6月11日，美的正式对外官宣成立"美的能源"品牌，该品牌旗下既包 括合康新能、科陆电子这两家储能领域极具竞争力的上市公司，亦包含了楼宇科技等业务单位。9月，科陆电子全球首发Aqua-C3.0 Pro液冷储能系统，与前 代产品相比其在多个维度实现了显著优化；合康新能的虚拟电厂平台则已接入美的光伏EPC分布式光伏超过1.5GW，迄今已形成了覆盖工商业用户、数据中 心、充电运营商等的多元资源矩阵。 OBM优先战略显效全球进击渐入佳境 业务多点开花，其实还只是不断进化中的美的集团的一个切面；而若从更广的视角来看，美的集团的进化更是全球性的。数据显示，今年前三季度美的集团 智能家居业务（To C 业务）同比增加了13%；这其中，尤其值得称道 ...

Core Insights - Midea Group reported a revenue of 364.72 billion yuan for the first three quarters of 2025, marking a year-on-year increase of 13.8%, with a net profit of 37.88 billion yuan, up 19.5% [1] - The third quarter revenue surpassed 100 billion yuan, reaching 112.4 billion yuan, reflecting the company's strong growth trajectory [1] Financial Performance - The company has initiated a mid-term cash dividend of 5 yuan per 10 shares and has repurchased over 9.3 billion yuan worth of shares, with significant portions of its buyback plans already executed [1] Business Segments - The ToB (business-to-business) segment, considered Midea's "second engine," showed steady growth with revenues from new energy and industrial technology, smart building technology, and robotics reaching 30.6 billion yuan, 28.1 billion yuan, and 22.6 billion yuan respectively, with year-on-year growth rates of 21%, 25%, and 9% [2] - Midea's AI agent "COLMO AI管家" was launched, showcasing advanced capabilities in home automation and cross-device coordination, marking a significant step in the company's exploration of home robotics [3] Strategic Developments - Midea Energy and Midea Medical have made significant strides, with Midea Energy launching a "storage + heat pump + AI" strategy and introducing innovative products like the Aqua-C3.0 Pro liquid cooling energy storage system [4] - The company's OBM (Own Brand Manufacturing) strategy has gained traction, with OBM revenue accounting for over 45% of its ToC (consumer-to-business) business, and notable market share growth in Japan [5] Global Expansion - Midea's production capabilities and brand development have supported its global reach, with operations in over 200 countries and regions, and a significant presence in R&D and manufacturing facilities worldwide [5] - The company showcased its innovations at the IFA 2025 in Berlin, emphasizing its commitment to energy efficiency and aesthetic design in home appliances [6]

证券代码：000333 证券简称：美的集团 公告编号：2025-085 美的集团股份有限公司 1 截至本公告披露日，柏林先生持有公司股份95,079股，所持股份将继续按照 《深圳证券交易所股票上市规则》《深圳证券交易所上市公司自律监管指引第10 号——股份变动管理》《深圳证券交易所上市公司自律监管指引第18号——股东 及董事、监事、高级管理人员减持股份》等法律法规及规范性文件的有关规定进 行管理。 公司董事会对柏林先生在担任副总裁职务期间为公司发展所作出的贡献表 示衷心的感谢！ 特此公告。 美的集团股份有限公司董事会 2025年10月30日 关于公司高级管理人员离任的公告 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"）于近日收到公司副总裁柏林先 生的书面工作变动安排报告，柏林先生因工作变动安排不再担任副总裁职务。离 任后，柏林先生仍在公司担任其他职务。柏林先生的离任自2025年10月29日起生 效。 ...