Midea Group(SZ:000333) Xin Lang Cai Jing·2025-11-12 03:56Core 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 around 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] - ToC (Business-to-Consumer) revenue grew by 13% year-on-year, while ToB revenue increased by 18% year-on-year [2] - Key B-end industries such as new energy and industrial technology, smart building technology, and robotics and automation experienced year-on-year growth rates of 21%, 25%, and 9% respectively [2] Market Dynamics - The company is focusing on expanding its OBM (Own Brand Manufacturing) business, which has surpassed 45% of overseas revenue [2] - The domestic air conditioning retail price increased by 6% year-on-year, indicating a recovery in pricing after a competitive phase [2] - The company is leveraging its diversified business layout to create multiple growth curves amid a slowdown in the home appliance sector [2]