Midea Group(SZ:000333) 第一财经·2025-08-29 15:58Core Viewpoint - Midea Group has reported record half-year performance while announcing a management reshuffle, with Wang Jianguo appointed as the new Executive President [3][4]. Financial Performance - In the first half of 2025, Midea Group achieved total revenue of 252.3 billion yuan, representing a year-on-year growth of 15.7% [4]. - The net profit attributable to shareholders reached 26 billion yuan, marking a 25% increase year-on-year, both figures being record highs [4]. - The company plans to distribute a cash dividend of 5 yuan for every 10 shares [4]. Business Development - Midea's smart home business, primarily focused on home appliances, accelerated its DTC (Direct-to-Consumer) transformation domestically and expanded its OBM (Own Brand Manufacturing) business internationally [4]. - Retail sales of the COLMO and Toshiba sub-brands grew over 60% year-on-year in the first half of the year [4]. - The overseas revenue from Midea's own brand business accounted for over 45% of total overseas income, with the establishment of 18 new manufacturing bases in countries like Thailand, Indonesia, Vietnam, Malaysia, Egypt, and Saudi Arabia [4]. Growth Engines - The ToB (Business-to-Business) segment has emerged as Midea's second growth engine, with revenue from the new energy and industrial technology business reaching 22 billion yuan, a year-on-year increase of 28.6% [4]. - Revenue from the smart building technology business was 19.5 billion yuan, growing by 24.2% year-on-year [4]. - The robotics and automation business generated 15.1 billion yuan, reflecting an 8.3% year-on-year growth [4].