Core Insights - Midea Group reported a revenue of 252.3 billion yuan for the first half of 2025, representing a year-on-year growth of 15.7% [2] - The net profit attributable to shareholders reached 26 billion yuan, with a year-on-year increase of 25% [2] Business Segments - The smart home segment contributed 167.2 billion yuan, showing a growth of 13.3% year-on-year [2] - Other segments, including new energy and industrial technology, smart building technology, and robotics and automation, all maintained double-digit growth [2] Geographic Performance - Revenue from mainland China was 145.1 billion yuan, reflecting a year-on-year growth of 14.2% [2] - Revenue from overseas markets amounted to 107.2 billion yuan, with a year-on-year increase of 17.7% [2] Research and Development - The company increased its R&D expenditure to 8.766 billion yuan, which is a year-on-year growth of 14.41% [2]

Core Insights - Midea Group reported a net profit of 26 billion yuan for the first half of the year, representing a year-on-year increase of 25% [1][3] - The company announced executive changes, with Wang Jianguo appointed as the Executive President and Zhao Lei promoted to President of the Smart Home Business Group [3] Financial Performance - Midea Group achieved total revenue of 252.3 billion yuan in the first half of 2025, marking a year-on-year growth of 15.7% [3] - The company plans to distribute a cash dividend of 5 yuan for every 10 shares [3] Business Segments - The smart home business, primarily focused on home appliances, accelerated its DTC (Direct-to-Consumer) transformation domestically and expanded its OBM (Own Brand Manufacturing) business internationally [3] - Retail sales of the COLMO and Toshiba sub-brands increased by over 60% year-on-year [3] - The overseas revenue from Midea's own brand business accounted for more than 45% [3] - Midea established 18 new overseas manufacturing bases in countries such as Thailand, Indonesia, Vietnam, Malaysia, Egypt, and Saudi Arabia to expand production capacity [3] Growth Engines - The ToB (Business-to-Business) segment has emerged as Midea's second growth engine [4] - Revenue from the new energy and industrial technology business reached 22 billion yuan, up 28.6% year-on-year [4] - Revenue from the smart building technology business was 19.5 billion yuan, reflecting a 24.2% increase [4] - Revenue from the robotics and automation business amounted to 15.1 billion yuan, growing by 8.3% [4]

Core Viewpoint - The article emphasizes the importance of identifying companies with sustainable competitive advantages, referred to as "moats," and highlights Midea Group as a representative example of a high-performing growth stock in China's manufacturing sector [1]. Financial Performance - Midea Group reported a revenue of 252.33 billion RMB for the first half of 2025, a year-on-year increase of 15.7% [2][3]. - The net profit attributable to shareholders reached 26.01 billion RMB, reflecting a 25% year-on-year growth, significantly exceeding expectations [2]. - The smart home business generated 167.20 billion RMB in revenue, up 13.3% year-on-year, while the commercial and industrial solutions business saw a revenue increase of 20.8% to 64.54 billion RMB [2]. Business Segments - Revenue from the new energy and industrial technology segment was 21.96 billion RMB, with a growth rate of 28.6% [3]. - The intelligent building technology segment reported 19.51 billion RMB in revenue, growing by 24.2% [3]. - The robotics and automation segment achieved 15.07 billion RMB, marking an 8.3% increase [3]. Global Expansion - Midea Group's overseas revenue reached 107.19 billion RMB, a 17.7% increase year-on-year, accounting for 42.5% of total revenue [6][7]. - The company has established 38 R&D centers across 12 countries, forming a global R&D network to enhance its competitive edge [6]. - Midea's global market share for its own brand of small home appliances is approximately 6%, indicating significant growth potential in various product categories [7]. Innovation and Technology - Midea has launched the world's first intelligent manufacturing plant for washing machines, which has received certification for its advanced capabilities [4]. - The company has made substantial investments in robotics and automation, showcasing innovations such as humanoid robots capable of performing household tasks [4]. Market Position and Shareholder Value - Midea Group is recognized as a high-quality growth stock with strong financial performance and a tradition of high dividends [8]. - The company has initiated multiple share buyback plans in 2023, reflecting management's commitment to enhancing shareholder returns [8].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而產生或因倚賴 該等內容而引致之任何損失承擔任何責任。 Midea Group Co., Ltd. 美的集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：0300） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而做出。 茲載列美的集團股份有限公司於深圳證券交易所網站(www.szse.cn)刊登的公告如 下，僅供參閱。 承董事會命 美的集團股份有限公司 董事長、執行董事兼總裁 方洪波先生 香港，2025年8月29日 於本公告日期，董事會成員包括(i)執行董事方洪波先生、王建國先生、顧炎民博 士、管金偉先生及張添博士，(ii)非執行董事趙軍先生，及(iii)獨立非執行董事許 定波博士、肖耿博士、劉俏博士及邱鋰力博士。 美的集团股份有限公司 2025 年半年度报告摘要 证券代码：000333 证券简称：美的集团 公告编号：2025-068 美的集团股份有限公司 2025 年半年度报告摘要 一、重要提示 1、本 ...

（原标题：营收、净利同比再创新高！美的集团发布2025年上半年亮眼成绩单） 8月29日，美的集团(以下简称"集团")交出史上最佳"半年报"。数据显示，2025年上半年，公司营业总收入2523亿元，同比增长15.7%；净利润267 亿元，同比大幅增长26%；归母净利润260亿元，同比大幅增长25%。 经营持续向好，美的集团也不忘和广大股东共享公司发展成果，今年截至目前已回购超44亿元。今年3月份，美的集团宣布将每10股派发现金35元 (含税)，现金分红金额达267亿元，8月份再次追加中期现金分红，每10股派5元，据统计，从2013年整体上市以来，公司累计分红已超1380亿元。 B端业绩亮眼，"第二引擎"持续走强 去年，被视为美的集团"第二引擎"的ToB业务收入首次突破了千亿大关。今年上半年，公司旗下To B业务板块齐头并进，继续保持强劲走势。 数据显示，报告期内，美的新能源及工业技术业务收入达220亿元，同比大幅增长28.6%；智能建筑科技业务收入195亿元，同比大幅增长24.2%； 机器人与自动化业务收入为151亿元，同比增长8.3%。 其中，"美的能源"、"美的医疗"作为整合美的集团旗下能源与医疗相关业务的 ...

Core Viewpoint - The article highlights the impressive performance of Midea Group amidst a complex market environment, showcasing its strong financial results and innovative "smart factory" model as key drivers for future growth and competitive advantage [3][4][20]. Financial Performance - Midea Group reported a total revenue of 252.3 billion yuan for the first half of the year, representing a year-on-year growth of 15.7% [4]. - The net profit attributable to the parent company reached 26 billion yuan, marking a 25% increase compared to the previous year [4]. - The smart home segment generated revenue of 167.2 billion yuan, up 13.3% year-on-year, while the new energy and industrial technology segment saw a revenue increase of 28.6% to 22 billion yuan [6]. Smart Factory Innovation - Midea's "smart factory" in Jingzhou has been certified by the World Record Certification Agency as the world's first multi-scenario intelligent factory, showcasing its advanced manufacturing capabilities [4][8]. - The factory utilizes 14 intelligent agents covering 38 core production scenarios, significantly enhancing production efficiency with an average improvement of over 80% in task completion time [8]. Technological Integration - The "smart factory" integrates AI and big data analytics, processing 3 billion industrial data points daily to optimize production and supply chain management [10][12]. - Midea's self-developed industrial AI system, "Midea Factory Brain," facilitates seamless collaboration among intelligent agents, enhancing overall operational efficiency [12]. Market Position and Future Potential - Midea's diverse business portfolio across smart home, industrial technology, and robotics positions it uniquely in the market, creating a substantial barrier to entry for competitors [13][14]. - The company is transitioning from traditional manufacturing to a "data economy," leveraging its vast industrial data to drive innovation and enhance product offerings [15][16]. - Midea's smart factory solutions not only improve its own operations but also provide opportunities to empower other industrial enterprises, expanding its market share in intelligent manufacturing [11][18]. Strategic Outlook - Midea's focus on AI integration and smart manufacturing is expected to yield significant economic benefits, as evidenced by its strong financial performance [12][21]. - The company's ability to adapt to market changes and customer demands through data-driven strategies positions it for sustained growth and competitive advantage in the global manufacturing landscape [20][22].

证券代码：000333 证券简称：美的集团 公告编号：2025-071 特别提示： 美的集团股份有限公司（以下简称"公司"或"本公司"）及控股子公司为 控股子公司开展资产池业务提供担保，部分被担保的控股子公司资产负债率超过 70%，敬请投资者注意担保风险。 公司本次关于资产池的担保事项已经 2025 年 3 月 28 日和 2025 年 5 月 30 日 召开的第五届董事会第六次会议和 2024 年度股东大会审议通过（详细信息请见公 司于 2025 年 3 月 29 日披露于巨潮资讯网的《关于为下属控股子公司开展资产池 业务提供担保的公告》）。现将子公司资产池业务调整担保资产的具体情况公告 如下： 一、担保资产调整情况 美的集团股份有限公司 关于调整子公司资产池业务担保资产的公告 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。 为满足控股子公司业务发展需要及资金使用的灵活性，公司将调整 5 家子公 司为资产池业务提供担保资产的额度，具体情况如下： 单位：万元 | 担保方 | 调整前提供资产额度 | 调整的提供资产额度 | 调整后提供资产额度 | | --- | ...

证券代码：000333 证券简称：美的集团 公告编号：2025-069 美的集团股份有限公司 关于为控股子公司科陆电子及其子公司提供担保的公告 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。 一、担保情况概述 （一）担保基础信息 为促进美的集团股份有限公司（以下简称"公司"或"美的集团"）新能 源业务进一步发展，公司拟为下属控股子公司深圳市科陆电子科技股份有限公 司（简称"科陆电子"）及其全资子公司 CL Energy Storage Corporation（简 称"美国科陆"）、CLOU ENERGY STORAGE B.V.（简称"荷兰科陆"）就与 外销业务客户签署的储能产品供货协议下科陆电子、美国科陆、荷兰科陆的 义务和责任提供连带责任保证，但该等保证不包括为金融机构授信、用信等提 供任何担保。担保总额为23亿元人民币。公司实际担保金额根据具体商机的担 保风险和项目回报情况等因素最终确定，且在任一供货协议中公司的实际担保 额度不超过该供货协议的总金额。 （二）本次担保事项履行的审议程序 1 2. 注册地址：深圳市光明区玉塘街道田寮社区光侨路高科科技园第1 ...

证券代码：000333 证券简称：美的集团 公告编号：2025-075 美的集团股份有限公司 关于第八期全球合伙人和第五期事业合伙人持股计划归属完毕 暨锁定期届满的提示性公告 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"或"本公司"）分别于 2022 年 4 月 28 日和 2022 年 5 月 20 日召开第四届董事会第七次会议和 2021 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"之第八期持股计划（草案）及其摘要》（以下简称"第八期全球合伙人持 股计划"）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"之第五期持股计划（草案）及其摘要》（以下简称"第五期事业合伙人 持股计划"）。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，公司已经完成第八期全球合伙人和第五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、第八期全球合伙人 ...

美的集团股份有限公司 2025 年半年度财务报告 2025 年 8 月 1 一、审计报告 半年度报告是否经过审计 □ 是 否 公司半年度财务报告未经审计。 二、财务报表 财务附注中报表的单位为：千元 2 美的集团股份有限公司 合并及公司资产负债表 2025 年 6 月 30 日 (除特别注明外，金额单位为人民币千元) | 资 产 | 附注 | 2025 年 | 2024 年 | 2025 年 | 2024 | 年 | | --- | --- | --- | --- | --- | --- | --- | | | | 6 月 30 日 | 12 月 31 日 | 6 月 30 日 | 12 月 31 | 日 | | | | 合并 | 合并 | 公司 | 公司 | | | 流动资产： | | | | | | | | 货币资金 | 四(1) | 148,486,809 | 140,410,308 | 59,179,328 | 18,441,820 | | | 交易性金融资产 | 四(2) | 2,446,175 | 6,936,113 | 216,287 | 4,524,109 | | | 衍生金融资产 | | 1 ...