Midea Group(SZ:000333) 智通财经网·2025-10-29 12:16Core Viewpoint - Midea Group's Q3 2025 financial report demonstrates robust growth, with significant increases in revenue and net profit, highlighting its resilience and growth potential in the current capital market environment [1][8]. Financial Performance - For the first three quarters of 2025, Midea Group achieved revenue of 363.06 billion yuan, a year-on-year increase of 13.82%, and a net profit attributable to shareholders of 37.88 billion yuan, up 19.51% [1]. - In Q3 alone, the company reported revenue of 111.93 billion yuan, reflecting a 10.06% year-on-year growth, and a net profit of 11.87 billion yuan, which is an 8.95% increase [1]. Business Transformation - Midea Group's To B business is increasingly contributing to its growth, with revenues from new energy and industrial technology, robotics and automation, and smart building technology reaching 30.6 billion yuan, 22.6 billion yuan, and 28.1 billion yuan respectively, showing year-on-year growth rates of 21%, 9%, and 25% [2]. - The company is focusing on the humanoid robotics sector, emphasizing application-driven development and advancing product deployment in industrial and household robotics [2][3]. Energy Sector Developments - Midea Group has established the "Midea Energy" brand, which includes competitive companies in the energy storage sector and aims to enhance its capabilities in this area [5]. - The Aqua-C3.0 Pro liquid cooling energy storage system was launched, showcasing significant improvements over previous models, and the virtual power plant platform has integrated over 1.5 GW of distributed photovoltaic resources [5]. Global Expansion and Strategy - Midea Group's smart home business (To C) grew by 13% in the first three quarters, with OBM revenue accounting for over 45% of the overseas segment, indicating successful navigation of global trade challenges [7]. - The company is enhancing its overseas manufacturing and R&D capabilities, with 38 R&D centers and 63 manufacturing bases globally, over half of which are located overseas [7]. Shareholder Returns - Midea Group has initiated a share buyback program exceeding 9.3 billion yuan, alongside a mid-term dividend of 5 yuan per 10 shares, reflecting its commitment to returning value to investors [8].