花旗：料美的集团(00300)全年销售额同比增约10% 净利润率提升可达成

Core Viewpoint - Citi's report indicates that Midea Group (00300) is expected to achieve its financial targets for the full year of 2025, with a projected sales growth of approximately 10% year-on-year and an improvement in net profit margin [1] Group 1: Financial Performance - Midea's strong growth performance in the first three quarters of 2025 supports the expectation of meeting its annual financial goals [1] - The company is anticipated to easily achieve its targets for both sales growth and net profit margin improvement [1] Group 2: Business Outlook - Midea's management remains optimistic about the expansion of its building technology business, driven by strong demand for commercial liquid cooling units in data centers [1] - The company aims to continue gaining market share from foreign brands in China through product improvements and self-developed core components [1] - Management maintains guidance that there will be no decline in quarterly sales and net profit for the fourth quarter of 2025 [1]