Midea Group(SZ:000333) Zheng Quan Shi Bao·2025-08-14 08:56Core Viewpoint - The article highlights the transformative journey of Midea Group from a local manufacturing enterprise to a global technology giant, emphasizing the role of capital markets in facilitating this transition and fostering high-quality economic development [1][4][12]. Group 1: Company Growth and Development - Midea Group has evolved from a township enterprise established in 1968 to a global technology group with operations in over 200 countries, showcasing a deep integration with the development of China's capital markets [1][4]. - The company's overall revenue has doubled and net profit has tripled from 2013 to 2023, demonstrating a high-quality growth trajectory supported by capital market tools [5][11]. - Midea's strategic acquisitions, such as the purchase of KUKA Group in 2017, have been pivotal in expanding its industrial boundaries and enhancing its capabilities in automation and robotics [6][7]. Group 2: R&D and Innovation - Midea Group has invested over 430 billion yuan in R&D from 2022 to 2024, with a focus on cultivating new productive forces through continuous innovation [8][10]. - The company ranks eighth globally in patent families, reflecting its commitment to innovation and technological advancement [8][9]. - Midea has established a global R&D network with 38 centers across 12 countries, enhancing its ability to respond to diverse market needs and integrate global innovation resources [9][10]. Group 3: Financial Performance and Shareholder Returns - In 2024, Midea Group reported a revenue of 407.15 billion yuan, a year-on-year increase of 9.44%, and a net profit of 38.54 billion yuan, up 14.29% [11]. - Since its overall listing in 2013, Midea has returned over 134 billion yuan to shareholders through cash dividends and share buybacks, establishing a sustainable development cycle [12]. - The company has announced additional share buyback plans for 2025, indicating a strong commitment to returning value to investors [12].