Midea Group(SZ:000333) Guo Ji Jin Rong Bao·2025-06-17 11:51Core Viewpoint - Midea Group has announced a share buyback plan, reflecting confidence in its future development and commitment to enhancing shareholder returns and corporate governance [1][3]. Group 1: Share Buyback Details - Midea Group plans to repurchase A-shares worth up to 10 billion yuan (approximately 1.3% of total share capital) and not less than 5 billion yuan (approximately 0.65% of total share capital) [1]. - The buyback will be funded by the company's own funds and/or special loans, with a duration of 12 months from the approval date by the shareholders' meeting [1]. - This marks Midea's third buyback announcement in 2023, following previous plans of 5 to 10 billion yuan and 1.5 to 3 billion yuan [3]. Group 2: Historical Context of Buybacks - Since 2021, Midea Group has been active in share buybacks, with the largest plan in 2021 amounting to 14 billion yuan for 50 to 100 million shares, completed in under two months [3]. - Cumulatively, Midea has announced buyback plans totaling up to 37 billion yuan since 2021 [3]. Group 3: Dividend Distribution - For the fiscal year 2024, Midea Group plans to distribute a cash dividend of 35 yuan per 10 shares, totaling 26.712 billion yuan, which represents 69.31% of the net profit attributable to shareholders [5]. - Since its listing in 2013, Midea has distributed cash dividends 12 times, amounting to a total of 134.194 billion yuan [5][6].