美的集团（000333）：收入利润稳健增长，B端业务持续优异

研究报告 Research Report 2 Nov 2025 美的集团 Midea Group (000333 CH) 收入利润稳健增长，B 端业务持续优异 Stable Growth of Total Revenue and Profit, ToB Business Maintained Strong Performance [Table_yemei 观点聚焦 1] Investment Focus [Table_Info] 维持优于大市 Maintain OUTPERFORM 评级 优于大市 OUTPERFORM 现价 Rmb76.40 目标价 Rmb92.32 HTI ESG 4.8-4.6-4.0 E-S-G: 0-5, (Please refer to the Appendix for ESG comments) 义利评级 A+ 来源 : 盟浪 . Reproduced by permission; no further distribution 市值 Rmb587.03bn / US$82.82bn 日交易额 (3 个月均值) US$437.09mn 发行股票数目 6,931mn 自由流通股 ( ...