Midea Group(SZ:000333) Sou Hu Cai Jing·2025-11-07 00:19Core Insights - The performance of A-share listed companies in Foshan serves as a barometer for the city's industrial development, with total revenue exceeding 600 billion yuan in the first three quarters, and nearly 60% of companies reporting positive revenue growth [2][3] Group 1: Overall Performance - Foshan's A-share listed companies achieved total revenue of 605.7 billion yuan and net profit of 53.98 billion yuan in the first three quarters, marking a year-on-year increase of 10.1% and 17.1% respectively [3] - Among the 55 companies, 32 reported revenue growth, accounting for 58.2%, which is a slight increase from 56.36% in the first half of the year [4] Group 2: Key Contributors - The growth is significantly driven by leading companies, with Midea Group alone contributing nearly 80% of the total revenue increase, reporting a revenue of 363.06 billion yuan, a year-on-year growth of 13.8% [4] - Other notable contributors include Foshan's three companies with revenues exceeding 20 billion yuan: Foshan Energy and Haitian Flavoring, with revenues of 23.50 billion yuan and 21.63 billion yuan, growing by 5.38% and 6.02% respectively [4] Group 3: Sector Performance - Companies in the machinery and home appliance sectors performed well, with 75% of companies in these sectors reporting positive revenue growth [6] - In contrast, companies in light manufacturing, automotive parts, and building materials showed potential for improvement, with all five automotive parts companies experiencing negative growth [6] Group 4: Small and Medium Enterprises - Some small and medium-sized A-share listed companies also showed strong performance, such as Xidi Micro, which reported a revenue growth of 107.81% to 717 million yuan, and Jushen Co., which grew by 82.46% to 1.30 billion yuan [5] Group 5: Strategies for Improvement - Companies facing performance pressures are actively seeking solutions, such as Arrow Home's international expansion and product innovation, which led to a 4.54% increase in domestic retail revenue [7] - Wencan Co. is adjusting its European operations in response to economic challenges, focusing on cost reduction and optimizing its business layout [7] Group 6: Economic Context - Foshan's GDP grew by 1.6% in the first three quarters, with the secondary industry increasing by only 1.2%, indicating significant pressure on traditional industries [8] - The resilience of Foshan's A-share listed companies amidst macroeconomic challenges reflects their role as a stabilizing force in the local economy and highlights the effectiveness of the "manufacturing-led" strategy [8]