Midea Group(SZ:000333) Xin Lang Cai Jing·2025-06-09 04:10Core Viewpoint - Midea Group has initiated a voluntary recall of over one million U-shaped window air conditioners in North America due to reports of mold growth on the fan blades, which could pose health risks to consumers [1][3]. Group 1: Recall Details - The recall involves a U-shaped window air conditioner model launched in 2020, primarily sold in the United States and Canada, with a price range of $280 to $500 [1]. - As of June 5, 2023, approximately 1.7 million units have been sold in the U.S. and 45,900 units in Canada [1]. Group 2: Health Risks - The U.S. Consumer Product Safety Commission (USCPSC) reported that stagnant water in the air conditioner may lead to mold growth, which can cause respiratory illnesses and other infections [3]. - There have been at least 152 reports related to mold issues, with 17 cases of consumers experiencing respiratory infections and allergic reactions [3]. Group 3: Company Response - Midea Group stated that the product does not have significant defects affecting normal use, efficiency, or safety, and it has passed rigorous quality control processes [3][5]. - The company will offer affected users options such as refunds, returns, self-repair kits, and free inspections and repairs [5]. - The recall is attributed to rare environmental conditions, with a complaint rate of less than 0.01% compared to total sales [5]. Group 4: Market Impact - As of June 9, 2023, Midea Group's stock price fell to 75.1 yuan per share, reflecting a decline of 0.79% [5].