Midea Group(000333) 21世纪经济报道·2025-04-12 10:00Core Viewpoint - Midea Group is focusing on three key areas for 2025: prioritizing overseas self-owned brands, transforming to a direct-to-consumer model, and developing its To B (business and industrial solutions) business [1] Group 1: Financial Performance and Market Response - Midea Group's revenue from the U.S. is relatively low, which may mitigate the impact of U.S. tariffs on its performance [1] - Following the release of its annual report on March 28, Midea's stock price fell over 15%, from a high of 80.50 CNY per share on March 31 to 67.19 CNY on April 7 [1][2] - The company announced a share buyback plan of up to 10 billion CNY, with a minimum of 5 billion CNY, using its own funds or stock repurchase loans [2] Group 2: Global Operations and Strategy - Midea operates over 400 subsidiaries, 38 R&D centers, and 44 major manufacturing bases globally, employing over 190,000 people across more than 200 countries and regions [1] - The company is accelerating its "China supply to the world + regional supply" model, with 22 R&D centers and 23 major manufacturing bases established overseas [1] Group 3: Robotics and AI Development - Midea Group ranks among the top four in the global industrial robotics industry following its acquisition of KUKA in 2017 [2] - The company is focusing on three areas in humanoid robotics: core component research and development, integration of robotics and AI in home appliances, and development of complete robotic systems [2] - Midea is exploring new breakthroughs in digital transformation through applications in AIGC (Artificial Intelligence Generated Content), middleware technology, and big data [2]