Group 1 - The core point of the article is that Gree Electric Appliances announced its mid-term profit distribution plan for 2025, which includes a cash dividend of 10 yuan per 10 shares for all shareholders, totaling 5.585 billion yuan [2][3] - The distribution will be based on a total share capital of 5.585 billion shares, excluding repurchased shares [2] - The record date for the dividend is set for January 22, 2026, and the ex-dividend date is January 23, 2026 [2]

Group 1 - The core point of the article is that Gree Electric Appliances announced its mid-term equity distribution plan for 2025, which includes a cash dividend of 10.00 RMB per 10 shares for all shareholders [1] - The total number of shares used as the basis for the distribution is 5,585,138,741 shares, excluding 16,267,000 repurchased shares [1] - The total cash dividend to be distributed amounts to 5,585,138,741 RMB, with the remaining undistributed profits to be carried forward to future years [1] Group 2 - The record date for the equity distribution is set for January 22, 2026, while the ex-dividend date is January 23, 2026 [1]

Core Viewpoint - Gree Electric Appliances announced a mid-term profit distribution plan for 2025, proposing a cash dividend of 10 yuan per 10 shares, totaling 5.585 billion yuan, with no stock dividends or capital reserve transfers [3][4]. Group 1: Dividend Distribution Details - The dividend distribution is based on a total share capital of 5.585 billion shares, excluding 16.267 million repurchased shares [3]. - The record date for the dividend is January 22, 2026, and the ex-dividend date is January 23, 2026 [3]. - The distribution is aimed at all shareholders registered with the Shenzhen branch of China Securities Depository and Clearing Corporation as of the record date [3]. Group 2: Financial Performance - For the first three quarters of 2025, Gree Electric reported a net profit attributable to shareholders of 21.461 billion yuan, with a stable net profit margin and strong cash flow, supporting the mid-term dividend [3]. - The mid-term profit distribution plan is consistent with the company's stable and sustainable dividend policy, aligning with its operational and long-term development needs [3]. Group 3: Historical Dividend Trends - Gree Electric has maintained a high dividend level in recent years, with the 2025 mid-term dividend being on par with the 2024 mid-term dividend [3]. - The total dividend for the 2024 fiscal year reached 16.755 billion yuan, accounting for 52% of the net profit attributable to shareholders [5]. - Since its listing, Gree Electric has distributed over 177.6 billion yuan in dividends, with cumulative dividends exceeding 172.2 billion yuan since 2012 [7].

Core Insights - The "Guangdong Goods Going Global" spring campaign has successfully boosted sales, with reports of a 100% increase in sales during the live broadcast event [1][6] - Over 6,000 enterprises from various sectors, including home appliances, electronics, and food, participated in the campaign, supported by major e-commerce platforms [2][9] - The campaign aims to enhance the competitiveness of Guangdong's manufacturing sector and promote local products both domestically and internationally [7][10] Group 1: Campaign Overview - The spring campaign features 12 online and offline promotional events throughout the first quarter, focusing on high-quality products from Guangdong [1][9] - Major brands like Midea, Gree, and Hisense showcased their products during the event, highlighting the strength of Guangdong's manufacturing base [2][3] - The campaign is designed to create a new sales trend for Guangdong products, leveraging both online and offline channels [1][7] Group 2: Product Quality and Innovation - Guangdong's manufacturing sector is characterized by a strong product base, with 44 industrial products accounting for over 10% of national output [2][3] - The campaign emphasizes product quality improvements and innovative features, such as AI technology in air conditioning units [5][6] - The introduction of "smart" products, including consumer drones and industrial robots, showcases Guangdong's technological advancements [3][5] Group 3: Marketing Strategies - The use of live streaming and influencer marketing has transformed traditional promotional methods, enhancing consumer engagement and driving sales [4][6] - The campaign's strategy includes creating immersive experiences for consumers, allowing them to interact with products in real-time [5][6] - E-commerce platforms are actively promoting Guangdong products through targeted marketing and special promotional sections [6][9] Group 4: Future Plans - The campaign aims to establish a sustainable promotional brand that will continue to drive sales and enhance market vitality [10] - Future events will focus on various product categories, including clothing and food, to further promote local advantages [9][10] - The collaboration between government, enterprises, and platforms is expected to create a positive feedback loop, enhancing brand recognition and consumer trust [7][10]

2025年中期权益分派实施公告 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。 特别提示： 1.珠海格力电器股份有限公司（以下简称"公司"）实施的 2025 年中期权 益分 派方案 为：以 公司 现有 总股本 剔除 已回 购股份 16,267,000 股后 的 5,585,138,741 股为基数，向全体股东每 10 股派发现金股利 10.00 元人民币（含 税），不送红股，不以资本公积金转增股本，共计派发现金股利 5,585,138,741 元，剩余未分配利润结转至以后年度分配。 2.按总股本折算的每 10 股现金分红为 9.970959 元（按公司总股本折算每 10 股现金分红比例时保留小数点后六位数，最后一位直接截取，不四舍五入）。 本次利润分配实施后的除息价格=股权登记日收盘价-按公司总股本折算每股现 金分红比例=股权登记日收盘价-0.9970959 元。 一、股东会审议通过利润分配方案情况 1.公司 2025 年中期利润分配方案已获 2025 年 11 月 24 日召开的 2025 年第 二次临时股东会审议通过，方案为：以本利润分配预案披露日享有利润 ...

21财经1月15日电，格力电器(000651.SZ)公告称，公司2025年中期权益分派方案为：以现有总股本剔除 已回购股份后的55.85亿股为基数，向全体股东每10股派发现金股利10元（含税），不送红股，不以资 本公积金转增股本，共计派发现金股利55.85亿元。股权登记日为2026年1月22日，除权除息日为2026年 1月23日。 ...

格力电器公告称，2025年中期权益分派方案已获股东会通过。以总股本剔除已回购的1626.7万股后的 55.85亿股为基数，向全体股东每10股派现10元（含税），共派发现金股利55.85亿元。股权登记日为 2026年1月22日，除权除息日为1月23日。董明珠等部分股东现金红利由公司自行派发。 ...

Core Viewpoint - The white goods sector experienced a slight decline of 0.08% on January 15, with Aucma leading the drop, while the Shanghai Composite Index fell by 0.33% and the Shenzhen Component Index rose by 0.41% [1] Group 1: Market Performance - The closing price of Whirlpool was 10.69, with an increase of 3.69% and a trading volume of 135,700 shares, amounting to 144 million yuan [1] - Midea Group closed at 77.22, with a marginal increase of 0.09%, trading 360,300 shares for a total of 2.794 billion yuan [1] - Gree Electric Appliances closed at 40.12, down by 0.20%, with a trading volume of 324,800 shares and a transaction value of 1.305 billion yuan [1] - Haier Smart Home closed at 25.82, down by 0.42%, with a trading volume of 355,500 shares and a transaction value of 920 million yuan [1] - Aucma closed at 7.86, down by 2.00%, with a trading volume of 216,200 shares and a transaction value of 170 million yuan [1] Group 2: Capital Flow - The white goods sector saw a net inflow of 401 million yuan from institutional investors, while retail investors experienced a net outflow of 12.22 million yuan [1] - Midea Group had a net inflow of 24.4 million yuan from institutional investors, but a net outflow of 35.4 million yuan from retail investors [2] - Haier Smart Home recorded a net inflow of 11.9 million yuan from institutional investors, with a significant net outflow of 122 million yuan from retail investors [2] - Gree Electric Appliances had a net inflow of 61.64 million yuan from institutional investors, while retail investors saw a net outflow of 14.52 million yuan [2] - Aucma experienced a net outflow of 18.75 million yuan from institutional investors, but a net inflow of 13.98 million yuan from retail investors [2]

中国质量新闻网讯 近日，2025年上海市能效标识产品计量监督抽查结果（家用电磁灶）公布。 附原文： 本次监督抽查依据为《SHSSXZJL4004-2025上海市能效水效标识产品计量监督抽查实施细则（家用电磁灶）》。具体抽查结果如下： 2025年上海市家用电磁灶能效标识产品计量监督抽查所检项目符合相关标准的产品 | 样品标称 | 标称商标 | 标称规格型号 | 标称生产日 | 标称生产者名称 | 被抽样生产者、销售者 | 被抽样销售者所在商场/ | 认证机构 | | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | | | 期/批号 | | | 电商平台 | | | 电磁炉 | 图形商标 | TCL09 | 2025.01/- | 纯米科技（上海）股份有 | | / / 淘宝 | 中国质量认证中心 | | | | | | 限公司 | | | 有限公司 | | 电磁灶 | 林内 | C22B12 | | 2023-03-15/- 上海林内有限公司 | | / / / | 威凯认证检测有限 | | | | | | | | | 公司 | | 电磁炉 | 小熊 ...

Summary of Key Points from the Conference Call Industry Overview - **Industry**: China Consumer Appliances Sector - **Outlook**: The major appliance sector is entering a post-subsidy downcycle in H225-27, with expectations of subdued domestic demand in H126 due to fading subsidy benefits. However, demand may stabilize in H226 and potentially turn around in 2027 [2][11]. Core Insights - **Domestic Demand**: Anticipated declines in shipments for air conditioners (AC), washing machines (WM), refrigerators, and range hoods by 5%, 2%, 4%, and 5% YoY respectively in 2026, as trade-in subsidies continue to impact the market [2]. - **Average Selling Price (ASP)**: Expected to remain stable in 2026, with potential product mix downgrades offset by industry-wide price hikes led by Midea due to rising copper prices [2][36]. - **Consumer Survey Findings**: A UBS Evidence Lab survey indicated limited upside in white goods demand for 2026, with a median household budget for home appliances expected to drop by 11% YoY, particularly in tier-1 cities where the decline is projected at 27% [3][27]. Export Challenges and Opportunities - **Exports**: Global white goods demand is projected to grow by 1.5% YoY in 2026, but Chinese exports of AC, WM, and refrigerators are expected to decline by 4.0%, 0.2%, and 4.3% YoY respectively. Exports to Europe and the US are likely to remain muted due to US tariffs and capacity relocation [4][16]. - **Emerging Markets**: There is potential for demand growth in emerging markets and the US, particularly with lower interest rates [4][16]. Stock Recommendations - **Buy Ratings**: Midea, Haier, Hisense, and Roborock are recommended for their potential to consolidate market share and grow margins through price hikes. Midea is favored for its overseas demand exposure, Haier for its margin upside from US rate cuts, and Roborock as a beneficiary of trade-in subsidies [5][10]. - **Sell Rating**: Gree is viewed as vulnerable to domestic headwinds [5]. Earnings Forecast Adjustments - **Earnings Forecasts**: Adjustments made due to lower-than-expected domestic appliance sales and rising raw material prices, particularly copper. Price targets for major appliance companies have been revised upwards as valuations are rolled forward to 2027 [7][8]. Consumer Behavior Insights - **Purchase Intentions**: The survey revealed a decline in purchase intentions across most categories, with notable increases for TVs and cleaning appliances. The largest declines were seen in AC and WM, likely due to prior subsidy usage [3][27]. - **RVC Market**: Purchase intentions for leading robot vacuum cleaner brands (Ecovacs, Roborock, Dreame) have increased, indicating a shift towards these products due to improved affordability and consumer education [3][44]. Additional Insights - **Subsidy Impact**: The impact of trade-in subsidies has been significant, with 128 million units purchased in 2025. However, the demand pull-forward effect suggests limited upside for 2026 [19][26]. - **Market Trends**: The importance of smart features and integration with smart home platforms is rising among consumers when selecting RVCs, indicating a trend towards more technologically advanced products [45]. This summary encapsulates the key points from the conference call, highlighting the current state and future outlook of the China consumer appliances sector, along with consumer behavior trends and stock recommendations.