Core Viewpoint - The leading home appliance companies in China, including Midea Group, Haier Smart Home, and Gree Electric Appliances, are initiating share buybacks to boost investor confidence amid market fluctuations and external pressures such as tariffs from the U.S. [2][3] Group 1: Midea Group - Midea Group announced a share buyback plan to spend between 1.5 billion to 3 billion yuan over the next year, aiming to repurchase 15 million to 30 million shares, which represents approximately 0.2% to 0.39% of its total share capital [2] - The company reported a revenue of 409.1 billion yuan and a net profit of 38.5 billion yuan last year, with a low revenue contribution from the U.S. market [2] - Midea has established 22 R&D centers and 23 major manufacturing bases across various regions, including North America, South America, Asia-Pacific, Europe, and the Middle East [2] Group 2: Haier Smart Home - Haier Smart Home executed its first share buyback by repurchasing 610,000 shares at prices between 23.6 yuan and 23.95 yuan, totaling approximately 14.48 million yuan [3] - The company plans to spend between 1 billion to 2 billion yuan on share buybacks over the next year [3] - A shareholding increase plan was announced, with executives intending to invest between 20.85 million to 41.7 million yuan in the company's A-shares or H-shares [3] Group 3: Gree Electric Appliances - Gree Electric Appliances stated that its products serve over 190 countries, with stable growth in markets such as the Middle East, Europe, and Southeast Asia, while the U.S. market contributes a low revenue share [3] - The stock prices of Midea Group, Haier Smart Home, and Gree Electric Appliances experienced significant declines before the buyback announcements, followed by recoveries on April 8 [3]
美的集团、海尔智家回购A股