Midea Group(SZ:000333) Sou Hu Cai Jing·2025-08-27 06:15Group 1 - Midea Group has appointed Zhao Lei as the new president of the Smart Home Business Group, replacing Wang Jianguo, who previously held the position [2][3] - Wang Jianguo's current role is now limited to being the vice president of Midea Group, and he no longer holds the title of president of the Smart Home Business Group [2][3] - The adjustment in leadership is described as a normal operational change, with the company indicating that further disclosures will be made if necessary [2][3] Group 2 - Midea's overseas business has seen significant growth, with revenue expected to increase by 12.01% year-on-year to 169.035 billion yuan in 2024, accounting for 41.52% of total revenue [3] - Domestic business growth has slowed, with revenue of 238.115 billion yuan, reflecting a year-on-year increase of 7.68% [3] - Analysts suggest that the leadership change may be related to underperformance in the ice and washing machine segments during Wang Jianguo's tenure [3][4] Group 3 - Zhao Lei has a history with Midea, having joined in 2011 and previously held various leadership roles, including president of the washing machine division [5] - Zhao Lei's compensation for 2024 is reported to be 15 million yuan, the highest among the board of directors and executives [6] - Zhao Lei holds 102,700 shares in the company, with a market value of approximately 7.7251 million yuan [7] Group 4 - Midea's business structure has evolved, with a shift from four major segments to five, including the Smart Home Business Group and others [8] - Recent organizational changes have included the integration of the microwave and cleaning divisions into the washing machine division [8]