登录新浪财经APP 搜索【信披】查看更多考评等级 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 重要内容提示： 1、美的集团股份有限公司（以下简称"公司"）实施的2024年度A股利润分配方案为：以公司现有A股总 股本7,026,396,324股剔除已回购股份42,473,844股后可参与分配的A股总股本6,983,922,480股为基数，按 照每股分配金额不变的原则，向全体股东每10股派发现金35元，分红总金额为24,443,728,680元。 2、按总股本折算的每10股现金分红为34.788428元（按总股本折算每10股现金分红比例时保留小数点后 六位数，最后一位直接截取，不四舍五入）。本次利润分配实施后的除息价格=股权登记日收盘价-按公 司总股本折算每股现金分红比例=股权登记日收盘价-3.4788428元。 3、本次利润分配的股权登记日为2025年6月11日。 4、本次利润分配的除息日及现金红利发放日为2025年6月12日。 一、股东大会审议通过的利润分配方案 1、公司2024年度股东大会审议通过的2024年度利润分配方案为：以截至2024年度报告披露之 ...

Core Viewpoint - Gree Electric Appliances is expanding its brand presence through the launch of "Dong Mingzhu Health Home" stores, aiming to diversify its product offerings beyond air conditioning and cater to health-conscious consumers [4][6]. Group 1: Store Launch and Features - The Dong Mingzhu Health Home store in Zhengzhou, covering an area of 531 square meters, is the largest of its kind in Henan province [4]. - The store features various display areas, including a rose air conditioning scene, a healthy kitchen display, and a refrigerator and water purification area, differentiating itself from traditional appliance stores [4]. - The store aims to reshape consumer perceptions of Gree as a diversified health appliance brand rather than just an air conditioning manufacturer [4]. Group 2: Market Strategy and Future Plans - Gree Electric's market director emphasized the importance of Zhengzhou's cultural and market position, indicating that the company plans to open more stores in response to strong consumer demand [4]. - The company has set a goal to establish 10,000 Dong Mingzhu Health Home stores nationwide, reflecting its commitment to enhancing consumer access to health-oriented products [6]. - The first store in Beijing achieved significant sales on its opening day, with total sales exceeding 85.6 million yuan (approximately 12.5 million USD) [6].

长虹美菱分析师会议 调研日期：2025年06月04日 调研行业：家电行业 参与调研的机构：广发基金、国联基金、西南证券等 / 机构调研pro小程序致力于为金融证券投资者提供最新最全的调研会议纪要。 来机构调研pro小程序，了解最新的：行业投资风向、热门公司关注、权威机构分析... 权威完善的信息持续更新! 更多精彩的机构调报告请移步机构调研pro小程序~ 一解投资机构行业关注度。 频判市场 | Gallia | | | --- | --- | | 11 2 12 200 2 110 | | | 1:给我们 = 影片面临官 = | | | 阿里巴巴佩尼 | | | 钢铁机之题。 8 | 图纸制图: 23 | | 20GB Millio Aller 19 | | | 海双集团 | | | 1 1 80.0 0 | 总机构建 23 | | LOGA: REGH, KETA: 1986 | | | 小麦具日 | | | 的研究次数:8 | 上机构馆:23 | | 定年代的:用者点击:我要的中:主要原因 | | | START SHILL CARD | | | 颜的集团 | | | 例体位次数 4 | 24/40 33 ...

截止上周，截止上周，32 只主题 ETF 的平均周涨跌幅为-0.32%。其中大盘风 格 ETF 平均周涨跌幅为-0.45%，中小盘风格 ETF 平均周涨跌幅为-0.22%。从 成交量来看，我们跟踪的主题 ETF 总成交额为 314.80 亿元，比前周变化-41.92 亿元。其中，大盘风格 ETF 成交额为 134.30 亿元，变化-24.53 亿元；中小 盘风格 ETF 的成交额为 180.50 亿元，变化-17.39 亿元。 统计综合和行业主题下最具代表性的 ETF 表现。从收益来看，综合类 ETF 涨 跌互现，其中位列前三的 ETF 为 1000ETF、500ETF、800ETF，涨跌幅分别为 0.87%、0.57%、-0.50%。位列最后三位的 ETF 为创业板 50、深 100ETF、创业 板，涨跌幅分别为-1.89%、-1.56%、-1.10%。 行业主题类 ETF 涨跌互现，其 中位列前三的 ETF 为生物医药、军工龙头、军工 ETF，涨跌幅分别为 2.11%、 1.96%、1.85%。位列最后三位的 ETF 为新汽车、新能车、有色 ETF，涨跌幅 分别为-4.70%、-4.68%、-2.34%。 ...

导读：2020年至今，我们和东方红资产管理的周云做过三次访谈，每一次都能感受到他价值体系的进步。 2020年3月第一次访谈，周云展现了他对低估值投资的长期信心。这一套投资框架，在之后的这些年中一直未变，是他最底层的投资逻 辑。 2022年12月第二次访谈，周云提出了成功的投资不仅需要理解估值，也要倾向市场的声音，价值和市场并不矛盾，都有自己的内在规 律。 2025年5月第三次访谈，周云谈到了用质量做排除法，大家一致认可的高质量未必能带来好的长期回报，但可以把市场后50%到60%的 低质量公司剔除。 在最新的这一次访谈中，我们剔除了周云此前提过的投资框架部分，更多展现了他的一些新思考： 第一层思考：为什么独立是一种很强的竞争优势？因为人性的底层就会从众，即便是在显而易见的事实面前。周云用著名的"阿希实 验"为例，阐述了人性的弱点。从以小为美，到只买龙头，资本市场没有永恒的真相，只有新的共识替代旧的共识。拉长看，周云能不断 战胜沪深300，很重要的部分就是没有追涨杀跌。 第二层思考：如何把质量和估值结合在一起。即便好公司和好价格难以同时出现，但买好公司依然是周云追求的。他把质量作为一种排 除法，剔除一大批低质量的 ...

证券代码：002543 证券简称：万和电气 广东万和新电气股份有限公司 答：公司始终致力于平衡股东回报与长期发展需求。关于提升 分红比例，需综合考量研发投入的持续性、市场竞争力构建需 求、战略资本性支出安排等多重因素。公司将在保障稳健运营、 协同战略目标的前提下，审慎评估分红政策。未来若有分红比 例调整计划，公司将严格履行信息披露义务。 5、问：公司后续线上是什么样的策略？ 中期：深化经营变革——致力于通过经营模式创新与产业升级 实现质的飞跃。大力推行精益管理，以消除浪费、提升价值为 核心，对生产、运营、管理等全流程进行优化，提升企业整体 运营效率与效益；加强产品及顾客购买生命周期管理，从产品 研发、生产、销售到售后，深入洞察顾客需求，提供全流程个 性化服务，增强用户粘性；积极推动产业升级与结构优化，顺 应市场趋势，淘汰落后产能，布局高附加值业务领域，实现产 品结构与产业结构的双重升级，持续提升企业在市场中的竞争 力与话语权。 长期：打造核心竞争力——将持续加大研发投入与技术布局作 为战略核心，以创新驱动企业长远发展。聚焦行业前沿技术， 整合内外部优质研发资源，构建完善的技术创新体系，围绕产 品功能、性能、智 ...

Investment Rating - The report maintains a "Buy" rating for Haier Smart Home (600690.SH) with a current price of 25.04 CNY and a target price of 35.54 CNY [1] Core Insights - The air conditioning business is significantly improving, and digital transformation is accelerating [1] - The company is experiencing strong growth in both domestic and international markets, with a notable increase in market share [5][6] - The digital marketing and inventory reforms are enhancing operational efficiency and brand recognition [6] - The company continues to implement a high dividend policy, with a cash dividend ratio of 48.0% for 2024, expected to remain above 50% in 2025-2026 [7] Summary by Sections Financial Performance - Revenue for 2025 is projected at 307.31 billion CNY, with a growth rate of 7.46% [10] - The net profit for 2025 is estimated to be 21.52 billion CNY, reflecting a growth rate of 14.82% [10] - The expected earnings per share (EPS) for 2025 is 2.29 CNY [10] Market Position - Haier's air conditioning retail sales significantly outperformed the industry, with online and offline retail volumes increasing by 76% and 25% respectively in the first four months of 2025 [5] - The company's market share in air conditioning has strengthened, with a year-on-year increase of 3.6% in online sales and 1.0 percentage points in offline sales [5] Digital Transformation - The launch of the Haier Smart Home AI Data Cloud in Q1 2025 has improved customer interaction and product offerings [6] - The digital inventory model has reduced operational costs for clients, with over 60 new clients introduced to the POP model, resulting in a retail sales increase of over 100% [6] Management and Governance - A new board of directors and executive team has been established, with key appointments including Kevin Nolan for North America and Song Yujun for air conditioning [5][11] - The board has been authorized to repurchase up to 10% of H shares and 30% of D shares [5] Valuation and Forecast - The report maintains profit forecasts for 2025-2027 at 215 billion CNY, 243 billion CNY, and 273 billion CNY respectively, with corresponding price-to-earnings (PE) ratios of 11, 10, and 9 [7][10]

Investment Rating - The report maintains a "Buy" rating for Haier Smart Home (600690.SH) with a current price of 25.04 CNY and a target price of 35.54 CNY [1] Core Insights - The air conditioning business is significantly improving, and digital transformation is accelerating [1] - The company has seen substantial growth in both domestic and international markets, with a notable increase in retail sales and market share in the air conditioning sector [5][6] - The digital marketing and inventory reforms have enhanced operational efficiency and brand recognition [6] - The company continues to implement a high dividend policy, with a cash dividend ratio of 48.0% for 2024, expected to remain above 50% in the coming years [7] Summary by Sections Company Overview - Haier Smart Home has appointed a new board and executive team, with key positions filled to enhance operational focus across various regions and product lines [5][11] Financial Performance - The company reported a significant increase in air conditioning retail sales, outperforming the industry average [5] - The expected net profit for 2025 is projected at 21.5 billion CNY, with a consistent growth trajectory in subsequent years [7][10] Digital Transformation - The launch of AI data cloud has improved customer interaction and product offerings, leading to successful new product launches [6] - The digital inventory model has reduced operational costs for clients, resulting in a substantial increase in retail sales through new channels [6] Dividend Policy - The company maintains a high dividend payout, with a projected dividend yield of 4.8% for 2025, supported by a robust cash flow [7][10] Valuation Metrics - The report forecasts a price-to-earnings (P/E) ratio of 11 for 2025, indicating a favorable valuation compared to historical performance [7][10][14]

北京市嘉源律师事务所 关于美的集团股份有限公司 实施 2025 年 A 股持股计划的法律意见书 《关于上市公司实施员工持股计划试点的指导意见》 （以下简称 北京市嘉源律师事务所 关于美的集团股份有限公司 实施 2025 年 A 股持股计划的法律意见书 西城区复兴门内大街 158 号远洋大厦 4 楼 敬启者： 中国·北京 嘉源(2025)-05-149 北京 BEIJING·上海 SHANGHAI·深圳 SHENZHEN·香港 HONG KONG·广州 GUANGZHOU·西安 XI'AN 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共 和国证券法》 致：美的集团股份有限公司 （以下简称"《证券法》"）、中国证券监督管理委员会（以下简称 "中国证监会"） 《深圳证券交易所上市公司自律监管指引第 1 号——主板上 "《指导意见》"）、 市公司规范运作》（以下简称"《自律监管指引第 1 号》"）和《美的集团股份 有限公司章程》（以下简称"《公司章程》"）等有关规定，北京市嘉源律师事 务所（以下简称"本所"）接受美的集团股份有限公司（以下简称"美的集团"或 "公司"）的委托，就美的集团 2025 ...

Market Overview - The FTSE China A50 Index component stocks showed mixed performance with the oil and coal sectors gaining throughout the day, while the banking and automotive sectors fluctuated in the afternoon [1]. Sector Performance Insurance - China Pacific Insurance, China Ping An, and China Life Insurance had market capitalizations of 329.02 billion, 363.08 billion, and 970.42 billion respectively, with trading volumes of 1.145 billion, 1.396 billion, and 0.510 billion [3]. Alcohol Industry - Kweichow Moutai, Shanxi Fenjiu, and Wuliangye had market capitalizations of 1,930.78 billion, 229.35 billion, and 492.65 billion respectively, with trading volumes of 2.505 billion, 0.941 billion, and 2.291 billion [3]. Semiconductor - Northern Huachuang and Cambrian had market capitalizations of 222.93 billion and 254.64 billion respectively, with trading volumes of 1.757 billion and 2.779 billion [3]. Automotive - BYD, Great Wall Motors, and Beijing-Shanghai High-Speed Railway had market capitalizations of 1,102.81 billion, 288.75 billion, and 196.18 billion respectively, with trading volumes of 6.513 billion, 0.296 billion, and 0.232 billion [3]. Oil Industry - COSCO Shipping, Sinopec, and China National Offshore Oil Corporation had market capitalizations of 702.22 billion, 1,526.39 billion, and 254.36 billion respectively, with trading volumes of 0.958 billion, 1.212 billion, and 1.193 billion [3]. Coal Industry - Shaanxi Coal and Ningde Times had market capitalizations of 201.56 billion and 790.97 billion respectively, with trading volumes of 0.591 billion and 0.634 billion [3]. Power Industry - Yangtze Power and China Nuclear Power had market capitalizations of 198.28 billion and 747.01 billion respectively, with trading volumes of 1.637 billion and 0.555 billion [4]. Food and Beverage - Citic Securities, Guotai Junan, and Haitian Flavoring had market capitalizations of 303.76 billion, 376.74 billion, and 252.40 billion respectively, with trading volumes of 0.903 billion, 0.313 billion, and 0.616 billion [4]. Consumer Electronics - Industrial Fulian, Luxshare Precision, and Kairui Pharmaceutical had market capitalizations of 368.98 billion, 220.25 billion, and 358.24 billion respectively, with trading volumes of 2.024 billion, 0.616 billion, and 1.944 billion [4]. Home Appliances - Gree Electric, Haier Smart Home, and Muyuan Foods had market capitalizations of 261.47 billion, 209.77 billion, and 235.61 billion respectively, with trading volumes of 1.075 billion, 0.625 billion, and 0.761 billion [4]. Medical Devices - Mindray Medical, Wanhua Chemical, and SF Holding had market capitalizations of 172.40 billion, 232.84 billion, and 279.48 billion respectively, with trading volumes of 0.988 billion, 0.530 billion, and 0.844 billion [4]. Communication Services - Zijin Mining, China State Construction, and China Unicom had market capitalizations of 232.63 billion, 166.64 billion, and 477.87 billion respectively, with trading volumes of 1.782 billion, 0.509 billion, and 1.271 billion [4].