Midea Group(SZ:000333) Sou Hu Cai Jing·2025-05-20 04:09Core Viewpoint - The article discusses the competitive dynamics between Xiaomi and Midea, highlighting Midea's strategic responses to Xiaomi's market ambitions in the home appliance sector and the recent financial maneuvers regarding their stock holdings in Xiaomi. Group 1: Company Strategies - Midea's President Fang Hongbo mentioned that Xiaomi aims to become the world's top smartphone seller in three years and to rank among the top five automotive manufacturers within ten years [1][4] - Fang expressed skepticism about Xiaomi's impact on Midea's market position, indicating that while Xiaomi is a tactical concern, it does not pose a strategic threat [4] - Midea has been approached by automotive companies for potential collaborations, but Fang concluded that Midea lacks the capability to enter the automotive sector [4] Group 2: Financial Performance - Midea Group reported a revenue of 407.1 billion yuan for the year 2024 [5] - The company sold over 900 million yuan worth of Xiaomi stock, completely divesting its holdings [6][11] - Midea's previous stock sales included 59.18 million yuan in 2023 and 876 million yuan in 2020, indicating a trend of strategic exits from Xiaomi investments [9][11] Group 3: Market Dynamics - The relationship between Midea and Xiaomi has shifted from collaboration to competition, particularly in the home appliance sector [12] - Midea has formed a strategic partnership with NIO to collaborate on various aspects of the automotive industry, showcasing its focus on innovation and adaptation in a changing market landscape [12]