登录新浪财经APP 搜索【信披】查看更多考评等级 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"）因实施注销回购专用证券账户股份导致公司总股本、无限售 条件流通股数量发生变化，根据《公司法》《证券法》《上市公司股份回购规则》（以下简称"《回购 规则》"）《深圳证券交易所上市公司自律监管指引第9号一一回购股份》等相关规定，现就回购股份注 销完成暨股份变动情况披露如下： 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2025年3月28日召开第五届董事会第六次会议、于2025年5月30日召开2024年 度股东会审议通过了《关于以集中竞价方式回购公司A股股份的方案》，同意公司以集中竞价交易方式 回购公司部分已发行的A股股份，用于依法注销减少注册资本及实施股权激励计划及/或员工持股计划。 回购价格为不超过人民币100元/股，回购金额为不超过100亿元且不低于50亿元，实施期限为自股东会 审议通过回购股份方案之日起12个月内。公司于2025年6月17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 ...

Core Viewpoint - The recent Central Economic Work Conference emphasizes the need for a shift in business paradigms to resist "involution" competition and focus on value creation and high-quality development [2][26]. Group 1: Transition from Scale to Quality - Chinese enterprises have achieved significant growth, with 130 companies entering the Fortune Global 500 this year, but now must transition from speed and scale to quality and efficiency [4][29]. - The criteria for measuring development quality include investment returns, market presence, profitability, employee income, government tax revenue, and environmental improvement [4][29]. - Companies like Midea are focusing on modern governance to ensure stable development, projecting a profit of 38.5 billion yuan in 2024 with a market value of 630 billion yuan [4][29]. Group 2: Focus on Core Competencies - Companies should prioritize strengthening their core business rather than blindly expanding into unrelated areas, as many issues arise from straying from core competencies [6][31]. - The principle of business core focus suggests eliminating non-core and loss-making operations to maintain clarity and efficiency [6][31]. - For instance, CATL focuses solely on its core business of power batteries, projecting a profit of 50.7 billion yuan in 2024 with a market value of 1.8 trillion yuan [6][31]. Group 3: Shift from Management to Strategic Operations - The current era requires businesses to focus on strategic operations rather than just management, emphasizing the importance of making the right business decisions to enhance profitability [7][32]. - Effective leadership involves setting strategic direction and resource acquisition while delegating management tasks to subordinates [7][32]. - The distinction between management and operations is crucial, with a focus on generating revenue and market engagement being paramount [7][32]. Group 4: Value-Driven Pricing Strategies - Companies must transition from cost-based pricing to value-based pricing, focusing on the value delivered to customers rather than merely production costs [13][40]. - The importance of understanding the relationship between price, volume, and cost is highlighted, with a focus on maintaining price stability in over-saturated markets [17][42]. - Successful brands like Pop Mart leverage emotional and social value in their products, achieving significant revenue growth and market capitalization [41]. Group 5: Moving Towards Cooperative Competition - The need for a shift from harmful competition to cooperative competition is emphasized, where companies focus on creating value rather than engaging in destructive price wars [18][43]. - The concept of "prisoner's dilemma" illustrates the need for industry players to prioritize collective industry benefits over individual gains [19][44]. - Promoting a cooperative ecosystem within industries can lead to sustainable growth and mutual benefits for all stakeholders involved [19][44].

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"一种智慧眼安装结构及空调器"的专利，授权公告号CN114992709B，申请日期为2022年4月。 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242次，专利信息649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333条，专利信息5000条，此外企业还拥 有行政许可242个。 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。 来源：市场资讯 ...

宁波华翔：华翔启源与大寰机器人签订战略合作协议在灵巧手的研发等领域加强合作 宁波华翔公告，2025年12月22日，宁波华翔电子股份有限公司子公司宁波华翔启源科技有限公司与深圳 市大寰机器人科技有限公司共同签订了《战略合作协议》，为加快建设通用机器人产业，推动通用机器 人供应链示范和产品创新双驱动，本着依法合规、优势互补、友好协商、互利共赢的原则，双方拟在通 用人形机器人灵巧手的研发、制造和销售等领域加强合作。本协议无需提交公司董事会或者股东大会审 议，公司将根据后续合作业务的进展情况依法依规及时履行相应的决策程序及信息披露义务。 登录新浪财经APP 搜索【信披】查看更多考评等级 12月22日，旭升集团实际控制人变更为广州市人民政府；凌云光拟不超过500万美元认购智谱香港 IPO；华翔启源与大寰机器人签订战略合作协议，在灵巧手的研发等领域加强合作…… 以下是盘后公告精选： 旭升集团：实际控制人变更为广州市人民政府股票复牌 旭升集团公告，公司控股股东、实际控制人徐旭东及其一致行动人正在筹划涉及所持有公司股份转让事 宜，该事项可能导致公司控制权变更。2025年12月22日，徐旭东、陈兴方、旭晟控股、旭日实业与广州 ...

Group 1 - The consumer sector shows signs of stabilization and rebound, with the Wind Consumer Index rising by 1.33% last Friday and continuing to increase by 0.13% on Monday [1] - The retail and dairy sectors have seen significant increases, with the Wind Retail Index up 7.44% and the Wind Dairy Index up 5.35% since December [2] - Over 20 ETFs related to consumption themes have seen a net inflow of over 2.2 billion yuan since December, with the Fortune CSI Tourism Theme ETF receiving nearly 1.4 billion yuan [2] Group 2 - The long-term growth resilience of China's consumer market is evident, with retail sales expected to rise from 39.1 trillion yuan in 2020 to 48.3 trillion yuan in 2024, averaging a growth rate of 5.5% [3] - The Wind Consumer Index has underperformed this year, with a year-to-date increase of only 5.34%, significantly lower than other popular indices [3] - The average price-to-earnings ratio of the Wind Consumer Index is 23.31, well below the 10-year average of 28.56 [3] Group 3 - Institutions predict that the total net profit of the Wind Consumer Index constituents will reach nearly 460 billion yuan in 2025, an increase of 8.63% from the previous year, with growth rates expected to exceed 14% in 2026 and 2027 [4] - The Wind Consumer Index and the Wind Domestic Demand Upgrade Index consist of 87 stocks across 12 industries, including pharmaceuticals, automotive, electronics, and food and beverage [4] - The average year-to-date increase for the 87 constituent stocks is over 29%, driven primarily by high-performing electronics and pharmaceuticals stocks [4] Group 4 - As of December 19, the total financing balance for the 87 constituent stocks is close to 320 billion yuan, an increase of over 45% from the end of last year, with more than 70% of the stocks seeing increased financing [4] - Thirteen stocks with a financing balance increase of at least 20%, over 20 institutional surveys, and a year-to-date increase of less than 25% are primarily in the pharmaceuticals, food and beverage, and home appliance sectors [4] Group 5 - Huichuan Technology, Mindray Medical, and Hikvision have received the highest number of institutional surveys this year, with Huichuan Technology's stock price increasing nearly 25% [5] - Mindray Medical has been surveyed by nearly 1,000 institutions, while Hikvision has received over 500 surveys [5] - Dongpeng Beverage has been surveyed by nearly 270 institutions, with a stock price increase of around 12% [5]

根据于第九期股票期权激励计划行使期权而合计发行59.24万股。 美的集团（000333）(00300)发布公告，根据于第八期股票期权激励计划行使期权而合计发行111.22万 股。 ...

智通财经APP讯，美的集团(00300)发布公告，根据于第八期股票期权激励计划行使期权而合计发行 111.22万股。 根据于第九期股票期权激励计划行使期权而合计发行59.24万股。 ...

证券日报网讯 12月22日晚间，美的集团发布公告称，公司本次累计回购股份135，012，663股，其中 95，000，000股将予以依法注销减少注册资本，注销股份占注销前总股本比例为1.23%。公司于2025年 12月19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95，000，000股回购股份注销手 续，注销数量、完成日期、注销期限均符合回购股份注销相关法律法规的规定。本次注销所回购的股份 不会对公司的财务状况和经营成果产生实质性影响。 （文章来源：证券日报） ...

Core Viewpoint - The article discusses the valuation challenges faced by various industries in the A-share market, highlighting that despite global competitiveness, many sectors are undervalued due to market dynamics and investor behavior [1][10]. Group 1: Industry Valuations - Home Appliances: Midea (13x), Haier (12.3x), Hisense (12.73x) [1] - Engineering Machinery: Sany (23.6x), XCMG (20x), Zoomlion (17x) [2] - Forklifts: Hangcha (16x), Heli (14x) [2] - Tires: Zhongce (12x), Sailun (16x), Senqilin (14x) [2] - Heavy Trucks: China National Heavy Duty Truck (12x) [2] Group 2: Market Dynamics - The industries mentioned are characterized by low-frequency consumption and strong cyclicality, leading to fluctuating performance and valuations based on government subsidies and market conditions [1][2]. - The article suggests that a P/E ratio around 15x is reasonable for stable growth industries, providing a risk premium over ten-year government bonds [1][2]. Group 3: Investment Behavior - Institutional investors hold significant pricing power in these markets, making it challenging for individual investors to influence valuations [1][2]. - The article emphasizes that high expectations can lead to investment disasters, and that long-term returns may be better for established companies despite their low valuations [3][10]. Group 4: Valuation as an Incentive Mechanism - Valuation is described as an incentive mechanism that reflects market competition and societal evolution, where higher valuations encourage innovation and investment in growth sectors like technology [4][5][6]. - Conversely, traditional industries with stable earnings often receive lower valuations due to a lack of societal encouragement for new investments [7][10]. Group 5: Global Comparisons - The article notes that mature manufacturing companies globally, such as Toyota and Caterpillar, also exhibit low valuation multiples, indicating a broader trend beyond the A-share market [14][15][16].

六千亿市值家电巨头披露百亿元回购案新动态。 12月22日晚间，美的集团（000333）披露公告显示，公司本轮"50—100亿A股回购方案"已实施完毕，本次回购股份金额已达回购方案金 额上限100亿元。根据回购方案，回购股份70%及以上将用于注销并减少注册资本，其中9500万股将予以依法注销减少注册资本，注销股 份占注销前总股本比例为1.23%。12月19日，其已办理完毕9500万股回购股份注销手续。 回溯公告可知，从董事会决议通过到回购股份注销，本轮"50—100亿A股回购案"的完成历时不到九个月。 据披露，美的集团于2025年3月28日召开第五届董事会第六次会议、于2025年5月30日召开2024年度股东会审议通过了《关于以集中竞价 方式回购公司A股股份的方案》，同意公司以集中竞价交易方式回购公司部分已发行的A股股份，回购价格为不超过人民币100元/股，回 购金额为不超过100亿元且不低于50亿元。 2025年6月17日，公司首次实施股份回购，以72.02元/股—72.89元/股的价格，回购207.81万股公司股份，占公司总股本的0.0271%，支付 总金额为1.5亿元。此后，经过多轮股份回购，截至2025 ...