美的集团股份有限公司投资者关系活动记录表 编号：2026-1 | | □特定对象调研 □分析师会议 | | | --- | --- | --- | | | □媒体采访 □业绩说明会 | | | 投资者关系活 | □新闻发布会 █路演活动 | | | 动类别 | □现场参观 | | | | | □其他 | | 参与单位名称 | 长江证券、泰康资产、汇丰晋信、中英人寿、中欧基金、国金 | | | | 资管、国寿养老、广发资管、嘉实基金、华能贵诚信托、鹏华 | | | | 基金、博道基金、中泰资管、宝盈基金、millennium、朱雀基 | | | | 金、摩根基金、富国基金、融通基金、睿远基金 | | | 时间 | 年 月 日 1 30 | 2026 | | 地点 | 券商策略会 | | | 上市公司接待 | 公司管理层 | | | 人员姓名 | | | | | 新的一年，公司经营思路有什么变化？ 1. | | | | 2026 年，美的经营思路是 "围绕核心增长"。 | | | | 核心业务白色家电和暖通空调，要锚定全球领先目标，做 | | | | 到"数一数二"。白色家电与暖通空调作为集团压舱石业务， | | ...

Group 1 - Midea Group is a leading technology-driven enterprise, having invested over 7 billion yuan to build the Shanghai Midea Global Innovation Park, which is set to be completed in July 2025, with nearly 2,000 people already settled in, covering cutting-edge fields such as artificial intelligence, humanoid robots, and smart healthcare [2] - Midea Group is the absolute leader in China's home appliance industry, having been listed in the Fortune Global 500 for ten consecutive years, and is the only home appliance company in China with revenue exceeding 400 billion yuan, demonstrating significant global commercial influence [3] - The park is located in the core area of the Xihongqiao Business District in Qingpu District, Shanghai, adjacent to the National Exhibition and Convention Center, and is Midea's second global innovation and R&D base in China after Shunde, Foshan, with a total construction area of approximately 400,000 square meters, accommodating 8,000 to 10,000 high-end R&D talents [5] Group 2 - The building is designed by the Beijing Institute of Architectural Design's Ma Long Studio, with the core concept of "a technology park above the forest," featuring two L-shaped towers that form a super-scale circular building with a side length of approximately 240 meters [6] - The project employs a pioneering "group tube - large-span cable-stayed" structural system, with a maximum span of 70 meters and a maximum cantilever of 45 meters, making it the largest in domestic civil architecture with 172 cable-stayed steel cables, the largest diameter reaching 214 millimeters, and a breaking force exceeding 4,000 tons [11] - The building facade utilizes a double-layer curtain wall system, with the outer layer of white perforated metal panels that can intelligently adjust according to the angle of sunlight, and the roof integrates approximately 20,000 square meters of photovoltaic panels, expected to meet 20% of the park's annual electricity consumption, achieving efficient use of green energy [13] Group 3 - As the core of the digital economy industrial belt in Qingpu District, the park collaborates with Huawei's Lianqiuhui and NetEase's eSports Industrial Park, becoming a highland for ecological and green integrated development in the Yangtze River Delta, aiding Midea's acceleration towards becoming a globally leading technology group [15]

Investment Rating - The report maintains a recommendation for the home appliance industry, specifically for white goods, black goods, and two-wheeled vehicles [1]. Core Insights - The proportion of actively managed equity funds holding home appliance stocks has slightly increased, with a Q4 holding ratio of 3.14%, up by 0.04 percentage points from the previous quarter. The over-allocation ratio for home appliances is 0.74%, an increase of 0.15 percentage points [10][9]. - The report anticipates that the continuation of national subsidy policies in 2026 will support domestic sales, while leading home appliance companies are expected to accelerate penetration into emerging markets such as Europe, the Middle East, and Latin America, leading to steady growth in export revenues [10][9]. - The white goods sector has seen an increase in fund holdings, with a Q4 market value accounting for 1.58% of total fund holdings, up by 0.23 percentage points. The number of funds holding white goods stocks has increased by 79 [18][17]. - The report suggests that leading companies in the white goods sector, such as Midea Group, Gree Electric, and Haier Smart Home, are expected to benefit from stable performance and high dividend yields, making them attractive investment options [63][64][65]. Summary by Sections Home Appliance Sector - The report indicates a slight recovery in the proportion of actively managed equity funds holding home appliance stocks, with a Q4 holding ratio of 3.14% and an over-allocation ratio of 0.74% [10][9]. - The white goods sector has seen a recovery in fund holdings, with a market value of 1.58% of total fund holdings, and an increase in the number of funds holding these stocks [18][17]. - The black goods sector has also experienced a slight increase in fund holdings, with a market value of 0.22%, up by 0.03 percentage points [28][29]. - The two-wheeled vehicle sector has seen an increase in fund holdings, with a market value of 0.74%, up by 0.08 percentage points [32][35]. Investment Recommendations - For white goods, the report recommends Midea Group, Gree Electric, Haier Smart Home, and Hisense Home Appliances due to their strong performance and high dividend yields [63]. - In the black goods sector, companies like Hisense Visual and TCL Technology are highlighted for their technological leadership in the MiniLED field [63]. - For two-wheeled vehicles, the report suggests focusing on Ninebot, Aima Technology, and Yadea Holdings, as market demand is expected to concentrate on leading companies [63]. - In the kitchen small appliances sector, companies like Supor, Bear Electric, and Beiding Co. are recommended for their growth potential through brand expansion [63]. - The report also highlights electric tools companies such as Techtronic Industries and Greebo for their expected order growth due to rising market demand [63].

声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 天眼查资料显示，美的集团武汉暖通设备有限公司，成立于2020年，位于武汉市，是一家以从事零售业 为主的企业。企业注册资本50000万人民币。通过天眼查大数据分析，美的集团武汉暖通设备有限公司 参与招投标项目244次，专利信息658条，此外企业还拥有行政许可23个。 广东美的制冷设备有限公司，成立于2004年，位于佛山市，是一家以从事电气机械和器材制造业为主的 企业。企业注册资本85400万人民币。通过天眼查大数据分析，广东美的制冷设备有限公司共对外投资 了5家企业，参与招投标项目5000次，财产线索方面有商标信息332条，专利信息5000条，此外企业还拥 有行政许可242个。 国家知识产权局信息显示，美的集团武汉暖通设备有限公司、广东美的制冷设备有限公司取得一项名 为"空调器的运行控制方法、空调器、控制装置和存储介质"的专利，授权公告号CN117053340B，申请 日期为2022年5月。 来源：市场资讯 ...

Core Viewpoint - The leading role of chain enterprises is increasingly prominent in the journey towards high-quality development in the manufacturing industry, exemplified by Midea Group's Wuhu factory being recognized as a "Global Lighthouse Factory" by the World Economic Forum [1] Group 1: Midea Group's Initiatives - Midea Group has over 5,000 upstream suppliers and more than 100,000 downstream service enterprises, fostering a collaborative ecosystem that enhances supply chain capabilities [1] - The Wuhu factory integrates digitalization and sustainability, setting a benchmark for regional manufacturing transformation [1] Group 2: Partnership with Xiangxin - Xiangxin New Materials Technology Co., Ltd. has been a core supplier for Midea for over 20 years, focusing on eco-friendly packaging and precision injection molding [1] - In 2024, Xiangxin's output is projected to reach 1.6 billion yuan, with approximately 380 million yuan coming from Midea, highlighting the significance of this partnership [2] Group 3: Innovations in Green Packaging - Xiangxin's EPP (expanded polypropylene) packaging reduces product weight by 30%, increases recycling rates to 90%, and lowers carbon emissions by 25% per package [2] - A long-term green packaging cooperation agreement was signed between Xiangxin and Midea, establishing a joint laboratory to explore biodegradable materials and carbon fiber composites [2] Group 4: International Expansion - Xiangxin plans to establish a green supply chain node in Indonesia, integrating local resources with proven EPP recycling technology to meet international environmental standards [3] - The partnership aims to expand eco-friendly packaging into European and Southeast Asian markets, showcasing a model of "technology + standards + localization" for internationalization [3]

2026年广东省政府工作报告提出，加快推进人工智能全域全时全行业高水平应用。深化拓展"人工智能 +"，支持人工智能深度赋能千行百业、造福千家万户。 2026年开年，美的集团旗下数字化产品与能力输出单位美云智数举办"智造进化 全域AI——美擎AIGC 3.1暨智能体工厂解决方案线上发布会"。记者从会上获悉，2025年，美的集团在人工智能领域实现重大 突破，构建了完整的智能体应用生态体系。 本次发布会上，美云智数携最新技术成果与实践，发布美擎AIGC 3.1及"智能体工厂解决方案"，聚焦企 业级AI应用创新与落地，推动AI技术与企业生产运营深度结合，赋能制造业转型升级。 效率平均提升1小时将技术"沉淀"为人人可用的"助手" 在传统制造业的"研产供销"四大领域中，研发是知识最密集的环节之一。传统工艺设计，尤其是钣金、 配管等零部件的工艺规划，长期依赖工程师个人经验与手工操作，效率与质量均面临瓶颈。 李嘉蓬回忆，团队最初选择的是AI视觉识别方向，但经过两三个月后遇到了瓶颈，"如果识别精度不能 提升到96%或98%以上，那就意味着方案无法真正投入使用。" 团队没有固守原路，而是转向了"机器识别+算法"的新路径，最终实现 ...

美的集团（000333）(00300)发布公告，于2026年1月29日，该公司斥资人民币53.78万元回购7100股A股; 根据于第八期股票期权激励计划行使期权而发行1.34万股股份;根据于第九期股票期权激励计划行使期 权而发行6.78万股股份。 ...

智通财经APP讯，美的集团(00300)发布公告，于2026年1月29日，该公司斥资人民币53.78万元回购7100 股A股;根据于第八期股票期权激励计划行使期权而发行1.34万股股份;根据于第九期股票期权激励计划 行使期权而发行6.78万股股份。 ...

格隆汇1月29日丨美的集团(00300.HK)发布公告，2026年1月29日耗资人民币53.78万元回购7100股A股， 回购价格每股75.57-75.99元。 ...

FF305 呈交日期： 2026年1月29日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 | 否 | | | 證券代號 (如上市) | 000333 | 說明 | A股 (於深圳證券交易所上市) | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | 事件 | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | 每股發行/出售價 (註4) | 已發行股份總數 | | | | 已發行股份（不包括庫存股份）數 目 | | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | | ...