证券代码：000333 证券简称：美的集团 公告编号：2025-056 一、 公司回购股份注销事项履行的相关审批程序 1、实施股份回购：公司于2022年3月10日召开第四届董事会第六次会议审议 通过了《关于回购部分社会公众股份方案的议案》，同意公司以集中竞价的方式 使用自有资金回购部分公司股份用于实施公司股权激励计划及/或员工持股计划， 回购价格为不超过人民币70元/股，回购金额为不超过50亿元且不低于25亿元， 实施期限为自董事会审议通过回购股份方案之日起12个月内。公司于2022年3月 14日首次实施股份回购，并按照相关法律法规的要求就回购期间相关进展情况进 行了披露，具体内容请详见公司于2022年3月15日披露了《关于首次实施回购部 分社会公众股份的公告》。回购期间，公司按照相关规定披露了回购进展情况。 公司于2023年3月13日披露《关于回购公司股份结果暨股份变动公告》，截 至2023年3月10日，公司累计回购股份数量为48,558,888股，占公司总股本的 0.6927%，最高成交价为60.05元/股，最低成交价为48.08元/股，支付的总金额为 2,636,704,772.26元（不含交易费用）。 ...

美的集团（000333）公告，公司于2025年6月24日在中国证券登记结算有限责任公司深圳分公司办理完 毕上述1109.07万股回购股份注销手续。本次注销所回购的股份不会对公司财务状况和经营成果产生实 质性影响。股份注销完成后，公司总股本从76.77亿股减少至76.66亿股。 ...

其中，许多年轻用户喜好的开放式厨房、客餐厅一体化等家居设计方案，使其对空气调节的需求呈现出明显的差异化特征：既要满足客厅、卧室、厨房等不 同功能分区的个性化温控要求，也要保持整体家居的美观与智能联动。 作者｜黄楠 编辑｜彭孝秋 在家电行业整体步入存量时代的当下，空调市场的消费升级趋势为行业打开了新的增长窗口。 很长时间里，国内空调市场面临典型的存量竞争特征。一方面，作为耐用消费品的白电产品本身迭代周期较长，用户更换频率相对较低；另一方面，传统分 体式空调市场已趋近饱和，新增需求有限。 然而，随着现代生活理念的迭代升级，反映到用户购买偏好的结构性转变上，人们越来越注重家居环境的整体舒适体验，这一需求变化正在重塑空调市场的 格局——许多家庭开始在装修时将家用中央空调作为优先选择。 家用中央空调从高端小众走向品质刚需，这种消费趋势的转变在年轻群体中尤为明显。作为新兴消费主力，年轻用户不仅关注空调的基础制冷制热功能，更 追求其在多空间环境下的整体协调性与场景化体验。 而依托于节能、环保等品质生活需求释放，中央空调有望从当前约20%的渗透率迈向30%以上，成为未来十年增长主线。包括美的在内的头部大厂，也将家 用中央空调 ...

此外，在市场配置方面，高盛维持对A股和港股的超配建议，预计沪深300目标点位为4600点，MSCI中 国指数的目标点位为84点，对应约10%的上行空间。行业方面，付思表示，高盛持续看好消费、银行、 房地产等对政策宽松敏感的行业。其中包括，消费相关的互联网消费服务，以及受益于政府消费的医疗 器械领域等。 她还观察到，本轮港股IPO热潮的基石投资者中，海外主权基金、养老金等长线投资者的参与度有所提 高。"它们的参与比例比之前要高，因为这轮赴港上市企业质地不错，吸引了一些长线资金参与。"付思 说。 整体而言，高盛认为，全球主流资金对中国资产的关注度显著升温。"我们明显感觉到，海外投资者对 中国市场的兴趣有所回暖，这从过去两个月我们的电话会、客户需求反馈等可以看出。"付思说。 在此背景下，高盛在近期提出了中国上市民企"十强新贵"概念，组成包括腾讯、阿里巴巴、小米、比亚 迪、美团、网易、美的、恒瑞医药、携程和安踏。 整体来看，这10家企业均为港股上市企业，多家是科技、消费、医药龙头。数据显示，目前，这10家公 司总市值达1.6万亿美元，在MSCI中国指数中的权重占42%。高盛预计，未来两年，这些企业盈利年均 复合增速将 ...

2023年以来，中国品牌越来越多进入拉美，尤其是巴西，在圣保罗的中餐厅也越来越多。背后是中巴经贸往来加强，以及更多中国企业谋求出海机会。 NE h F AUCMA CG100-BREATING DD电 从中国到巴西要飞越太平洋，跨越万里的旅程也阻挡不了中国企业的投资热情。 "巴西是南美最大市场，美的在巴西新一轮投资是因为看好当地市场潜力，这里家电渗透率还较低。" 美的集团（000333.SZ，简称美的）旗下美的国际美洲市场营销负责人汤权向第一财经记者说，未来美的在巴西的年营收有机会突破百亿。同样地，TCL实 业拉美营销本部市场部长兼巴西公司市场部总监陈磊6月24日告诉第一财经记者，TCL在拉美计划今年冲击百亿营收、明年电视业务冲击百亿。 除了销售目标，参展、设厂、设立研发中心是格力、海尔、海信等家电厂商进行的动作。中国机电进出口商会家电分会秘书长周南向第一财经记者表示，包 括巴西在内的拉美，是中国家电出口增长最快的市场之一。中国白家电向拉美出口去年突破百亿美元，今年有望增至150亿美元。深化拉美投资布局，有助 于中国企业市场多元化。 深耕拉美、完善本地供应链 过去半年，美的在拉美进行了新一轮密集的投资布局。除 ...

新玩家野心勃勃,旧格局稳如磐石,618大考揭晓了空调行业真正的竞争壁垒。 "小米总裁卢伟冰去年给我们演示了一个PPT,大致是大家电三年之内成为中国头部前三。"美的集团董事 长方洪波在近期采访中透露,"我当时差一点就想问,美的、格力、海尔,你想把哪一家挤下去?" 随后,卢伟冰在618直播中澄清,这一目标时间实为2030年而非三年内。而刚落幕的618购物节,恰好为这场 隔空对话提供了最真实的行业注脚——在竞争尤为激烈的空调市场,头部格局依然稳固。 618大考结果:三强地位没变样 尽管三巨头路径不同,但维持优势地位的背后,却有着深刻的共性:他们都长期投入于技术研发、自主制造 和广泛服务这三大"硬实力"。这是他们能够灵活调整战略,应对挑战的共同底盘。因此我们看到,618期间 三大家电巨头最高增长达到了80%,这显然不是偶然的市场波动,而是其核心竞争力带来的成果。 市场的选择权,永远掌握在每一位消费者手中。618的结果,很大程度上反映出当下消费心态的变迁。随着 信息渠道的日益发达,消费者变得越来越专业和理性。他们不再仅靠营销宣传购物,而是会通过查阅专业 评测、对比核心参数、研究用户口碑,来为自己的决策提供依据。 618 ...

在实体经济转型升级的关键节点，产业链资金安全已成为决定企业生存命脉的核心命题。近期，美的集团董事长方洪波公开披 露的"负9天现金周期"运营模式，如同砸向湖面的一块石头，激起关于供应链资金分配公平性的讨论。 美的通过"极致运营"实现"用供应商的钱做生意"的财务策略，与汽车行业掀起的账期压缩风暴形成共振，推动供应链"反内 卷"行动进入政策主导阶段。 账期博弈 "过去十年，美的的护城河是效率。我们的现金周期是负的，家电行业里我估计目前只有美的实现了——就是我们做生意，不 用自己拿本钱，都是用别人的钱在做生意。去年现金周期是负9天，这就是我的护城河。"方洪波在近期一次访谈中抛出了上述 言论。 从采访原文看，表达意图是展现美的在供应链管理和资金效率上的绝对优势，以及美的在家电行业的独特议价地位。但一些网 民评论"占用供应链资金，标榜为护城河，包装为效率创新""应付账期的延长，伤害了众多供应商的利益""小企业更需要快速 回笼资金周转"。 美的2024年财报显示，公司每年从超过5000家供应商采购价值人民币上千亿元的原材料和零部件，"包括供应链、制造、销售 和产品开发每一个企业运营环节，都面临复杂的程序和庞大的规模"。 2 ...

Group 1 - The 2025 New Wealth Rich List reveals that Zhang Yiming has become the richest person with a net worth of 481.57 billion yuan, surpassing Zhong Shanshan by 120 billion yuan [2][3] - The total market value of the 500 entrepreneurs on the list is 13.7 trillion yuan, an increase of 11% year-on-year, with an average market value of 27.38 billion yuan [2] - The threshold for entry into the list is set at 6.62 billion yuan, with 341 entrepreneurs having a market value exceeding 10 billion yuan [2] Group 2 - Starbucks China is evaluating the best ways to seize growth opportunities, amidst reports of investment interest from Hillhouse Capital and other institutions [5] - JD Logistics is recruiting full-time riders for its food delivery service, aiming to enhance operational efficiency [6] - Vivo's legal department has reported a leak of confidential information regarding an unreleased phone product, leading to a police report [11] Group 3 - Nezha Auto may need to return over 2 billion Thai Baht (approximately 438 million yuan) in subsidies due to unmet production targets in Thailand [14] - The number of game approvals in June reached a new high for the year, with Tencent and NetEase receiving import licenses [28][29] - Beijing ranks among the top five global startup cities, according to the Startup Genome report [29] Group 4 - Easy Control Smart Driving has completed over 400 million yuan in D-round financing, led by CATL's investment platform [24] - Samsung plans to launch new Galaxy Z smartphones on July 9, featuring advanced AI and ultra-thin foldable designs [25] - Faraday Future has introduced its FF AI 2.0 system, which integrates with OpenAI for enhanced user interaction [26]

Core Viewpoint - The competition between Xiaomi and Gree has intensified, with Xiaomi's recent growth in the home appliance sector and its stock performance outpacing Gree, leading to discussions about Xiaomi potentially overtaking Gree in market position [2][7][19]. Group 1: Xiaomi's Growth and Strategy - Xiaomi's air conditioner shipments reached 4.4 million units in 2023, a year-on-year increase of 49%, and are projected to grow to 6.8 million units in 2024, with a target of 10 million units by 2025 [8][9]. - The company's revenue from home appliances during the June 18 sales event reached 33.5 billion yuan, an increase of nearly 80% compared to 18.7 billion yuan in the same period of 2022 [9]. - Xiaomi's total revenue for 2024 was 365.9 billion yuan, a year-on-year growth of 35%, with a net profit of 27.2 billion yuan, up 41.3% [19][21]. Group 2: Comparison with Gree - Gree's revenue for 2024 was 190 billion yuan, a decline of 7.31%, while its net profit was 32.18 billion yuan, an increase of 10.91% [19][21]. - Gree's market share in air conditioning dropped by 2.3% in 2024, while Xiaomi's air conditioning sales grew by 50% [12][23]. - Xiaomi's average price for air conditioners is 2,353 yuan, which is 68% of Gree's average price of 3,440 yuan, indicating a difference in profitability and market positioning [23]. Group 3: Industry Dynamics and Future Outlook - The relationship between Xiaomi and Midea is characterized by mutual respect and learning, with Midea's chairman expressing a positive attitude towards Xiaomi's entry into the home appliance market [9][12]. - Xiaomi's R&D investment for 2024 was 24.1 billion yuan, a 25.9% increase, compared to Gree's 6.9 billion yuan, which grew only 2.1% [23][24]. - The ongoing competition and Xiaomi's strategic learning from Midea and Haier suggest a potential restructuring of the industry landscape, with Xiaomi aiming to challenge Gree's dominance in the near future [25].

Group 1: Cooling Economy Trends - The "cooling economy" is gaining traction with innovative products and services driven by rising temperatures, aligning with policies aimed at boosting consumption [1][2] - Major brands like Midea, Xiaomi, and Haier saw over 200% increase in air conditioner sales during the "618" shopping festival, indicating strong consumer demand for cooling products [1] - Instant retail services are enhancing the delivery speed of cooling products, with Meituan offering 30-minute delivery for essential items [1] Group 2: Beverage Market Innovations - There is a growing demand for refreshing beverages, with new product launches from tea brands and the rise of homemade drinks [2] - Companies like Shanghai Jahwa and New Hope Liuhe are leveraging brand collaborations and product innovations to capture opportunities in the cooling economy [2] Group 3: Experience and Tourism Innovations - Tourist attractions are innovating experiences to cater to summer visitors, such as the "20-degree Ice Whale Watching Tour" at Shanghai Haichang Ocean Park, which has seen a fourfold increase in visitor numbers [2][3] - The trend of summer tourism is shifting towards experiential offerings, with a focus on integrating local culture and lifestyle into the tourism experience [3] Group 4: Policy Support for Consumption - Local governments are promoting summer consumption through initiatives like the "Colorful Summer" tourism season in Hubei, which includes various cooling experiences [3][4] - Night economy initiatives are being launched in cities like Shanghai and Shenzhen to stimulate consumption, featuring diverse nighttime activities [4][5] Group 5: Future Consumption Trends - The integration of sports and tourism is expected to drive summer consumption, with recommendations for developing diverse sports tourism products [5] - Analysts predict that new consumption avenues related to ready-to-drink beverages and sports events will continue to receive policy support, enhancing local economic growth [5]