Midea Group(SZ:000333) Ren Min Ri Bao·2025-11-24 22:31Group 1: Financial Performance - Midea Group reported total revenue of 364.72 billion yuan, a year-on-year increase of 13.8% [1] - The net profit attributable to shareholders reached 37.88 billion yuan, growing by 19.5% year-on-year [1] - Research and development investment exceeded 12.9 billion yuan, with a year-on-year growth rate of approximately 14% [1] Group 2: Supply Chain and Ecosystem - Midea Group has over 5,000 upstream suppliers, with more than 1,000 core suppliers and 100,000 downstream distribution service enterprises [1] - The company emphasizes the importance of the development of ecosystem enterprises alongside its own innovation and market share [1] Group 3: Technological Advancements - Zhejiang Sanhua Intelligent Control Co., Ltd. is advancing new valve and pipe technologies, replacing copper with stainless steel to enhance energy efficiency and reduce thermal losses [2] - Midea and Sanhua have collaborated on product integration projects, leading to the mass production of new components for commercial central air conditioning systems [2][3] Group 4: Digital Transformation - Guangdong Zhongshan Dayang Motor Co., Ltd. has implemented digital transformation across its production lines, improving order completion rates by 25% and equipment efficiency by 10% [5] - The collaboration with Midea has provided comprehensive digital solutions, enhancing management and business coordination capabilities [4][5] Group 5: International Expansion - Wuhan Honghai Technology Co., Ltd. has established a factory in Thailand, achieving a monthly output value of up to 100 million yuan [6] - The company has grown from an initial sales figure of 5 million yuan to 1.2 billion yuan in 2024, thanks to Midea's support in internationalization efforts [6][7]