Midea Group(SZ:000333) Hua Er Jie Jian Wen·2025-04-29 13:43Core Viewpoint - Midea Group has demonstrated strong growth momentum despite global economic uncertainties, with significant increases in revenue and net profit in Q1 2025, surpassing market expectations [1][5]. Financial Performance - The company achieved a revenue of 127.839 billion yuan in Q1 2025, representing a year-on-year growth of 20.49% [1][5]. - Net profit attributable to shareholders reached 12.422 billion yuan, marking a substantial increase of 38.02% year-on-year [1][5]. - Basic earnings per share were 1.64 yuan, up 25.19% compared to the previous year [2][5]. - The weighted average return on equity was 5.56%, an increase of 0.19 percentage points from the same period last year [2][5]. Emerging Business Segments - New business segments showed remarkable performance, with revenue from new energy and industrial technology reaching 11.1 billion yuan, a year-on-year increase of 45% [1][5]. - Revenue from smart building technology was 9.9 billion yuan, growing by 20% year-on-year [1][5]. - Revenue from robotics and automation was 7.3 billion yuan, reflecting a 9% year-on-year growth [1][5]. Cash Flow and Financial Stability - Operating cash flow remained robust, with a net cash flow from operating activities of 14.321 billion yuan, up 2.81% year-on-year [3][5]. - Total assets as of March 31, 2025, reached 634.785 billion yuan, a 5.04% increase from the beginning of the year [3][5]. - Shareholder equity attributable to the parent company was 229.824 billion yuan, up 6.03% from the start of the year [3][5]. - However, cash flow from investment activities showed a net outflow of 23.217 billion yuan, a decrease of 289.88% year-on-year [3][5]. Corporate Actions - Midea Group announced plans to spin off its subsidiary, Ande Intelligent Logistics, for a listing on the Hong Kong Stock Exchange, which is expected to enhance business management and unlock valuation potential [4][6].