Midea Group(SZ:000333) Xin Lang Zheng Quan·2025-09-19 11:55Core Viewpoint - Midea Group is actively engaging in various strategic initiatives to enhance shareholder value, expand its robotics capabilities, and strengthen its presence in international markets, particularly in the Americas. Shareholder Value and Dividends - Since its overall listing in 2013, Midea Group has distributed over 134 billion yuan in cash dividends and implemented share buybacks exceeding 33 billion yuan, ensuring a stable dividend policy for shareholders [2]. Robotics Development - Midea Group has established a humanoid robot innovation center within its Central Research Institute, focusing on core component and complete machine development. The company aims to integrate robotics into home appliances and industrial scenarios, with plans to launch humanoid robots in commercial settings in the second half of this year [3]. International Market Performance - Midea Group is prioritizing its overseas OBM strategy, targeting over 45% of its smart home business revenue from international markets by mid-2025. In the Americas, sales of air conditioning, refrigeration, and washing products have seen double-digit growth, with leading positions in South America and North America [4]. KUKA Robotics Profitability - Following the acquisition of KUKA in 2017, Midea has localized its operations to develop cost-effective products for the Chinese market, addressing key component challenges in heavy-duty industrial robots and making progress in vertical integration [5]. Energy Business Progress - Midea Energy has introduced a "storage + heat pump + AI" strategy at the 2025 International Solar Photovoltaic and Smart Energy Exhibition, launching next-generation energy solutions that cover the entire energy industry chain while leveraging Midea's unique advantages [6]. Sales and Profit Performance - In the first half of 2025, Midea Group reported total revenue of 252.3 billion yuan, a year-on-year increase of 15.7%, and a net profit attributable to shareholders of 26 billion yuan, reflecting a 25% growth [7]. Raw Material Price Management - Midea operates in over 200 countries and regions, with 22 R&D centers and 41 major manufacturing bases globally. The company plans to expand its overseas manufacturing footprint and will address raw material price fluctuations through product structure upgrades and supply chain optimization [8]. Brand Acquisition Strategy - Midea Medical, a brand under the group, is focusing on clinical technology and operational construction, while Kelu Electronics is advancing its energy strategy through a "storage + heat pump + AI" approach, promoting synergy among its brands [9].