Core Insights - Midea Group has completely divested its holdings in Xiaomi Group, resulting in a book value of zero for its Xiaomi shares by the end of 2024 [1][5] - In 2024, Midea Group reported a revenue of 407.15 billion yuan, a year-on-year increase of 9.44%, and a net profit attributable to shareholders of 38.54 billion yuan, up 14.29% year-on-year [1] Financial Performance - Midea Group's total revenue for 2024 reached 407.15 billion yuan, reflecting a growth of 9.44% compared to the previous year [1] - The net profit attributable to shareholders for the same period was 38.54 billion yuan, marking a 14.29% increase year-on-year [1] Investment Activity - Midea Group cashed out approximately 902 million yuan from its investments in Xiaomi Group during 2024, bringing the total cash-out from Xiaomi shares to about 1.84 billion yuan over the years [1][5] - The initial investment in Xiaomi Group by Midea was approximately 1.273 billion yuan, with a similar investment made by Xiaomi in Midea [5] Strategic Shift - The relationship between Midea and Xiaomi has evolved from a strategic partnership initiated in 2014 to a more distant one, prompting Midea to reduce its stake in Xiaomi [4][5] - Industry observers suggest that Midea's decision to sell its Xiaomi shares may be a strategic move to minimize potential conflicts of interest as Xiaomi expands into new product areas [5]