Midea Group(SZ:000333) Zhi Tong Cai Jing·2025-11-12 03:40Core Viewpoint - Midea Group reported strong financial performance for the first three quarters of 2025, with significant year-on-year growth in both revenue and net profit, indicating robust business momentum and potential for future growth [1][2] Financial Performance - Revenue for the first three quarters of 2025 reached approximately 363.06 billion yuan, representing a year-on-year increase of 13.82% [1] - Net profit attributable to shareholders was about 37.88 billion yuan, showing a year-on-year growth of 19.51% [1] - Basic earnings per share stood at 4.98 yuan [1] Business Segments - The ToB (Business-to-Business) segment saw a revenue increase of 20% year-on-year, accounting for 45% of overseas business revenue [1] - The ToC (Business-to-Consumer) segment experienced a revenue growth of 13% year-on-year, with the domestic air conditioning retail price increasing by 6% [2] - Key B-end industries such as new energy and industrial technology, smart building technology, and robotics and automation grew by 21%, 25%, and 9% respectively [2] Strategic Insights - Midea Group's early advantage in the ToB business and strong growth potential in overseas markets were highlighted as key factors for maintaining a positive outlook [1] - The company is focusing on expanding AI-supported energy and robotics solutions, which are expected to drive higher growth rates in the ToB segment compared to the ToC segment [1] - The diversification strategy has provided support during a downturn in the home appliance sector, creating multiple growth trajectories [2]