Core Viewpoint - Midea Group has successfully transformed from a home appliance company to a diversified technology giant covering various sectors including smart home, renewable energy, industrial technology, building technology, robotics and automation, healthcare, and smart logistics during the "14th Five-Year Plan" period [1][2] Group 1: Business Transformation - Midea Group has made significant capital moves, acquiring controlling stakes in listed companies such as Hekang New Energy, Wandong Medical, and Kelon Electronics, thereby entering new fields like renewable energy, medical imaging, and energy management [1] - The company aims to extend the lifecycle of its home appliance business while simultaneously promoting its B2B business, creating a "growth relay" effect [1] Group 2: R&D Investment - Over the past five years, Midea Group has invested more than 60 billion yuan in research and development [2] - The company ranks eighth globally and first among Chinese private enterprises in terms of patent families according to the 2023 global patent leaders list [2] - Midea has established 38 R&D centers in 12 countries, forming a global R&D network structured as "2+4+N" [2] - The company emphasizes a technology leadership strategy as its core strategy and plans to increase R&D investment further, focusing on fundamental research and disruptive technology breakthroughs [2]

Group 1 - The core transformation of Midea Group during the "14th Five-Year Plan" period reflects the development of Guangdong's capital market, evolving from a home appliance company to a diversified technology giant covering smart home, new energy, industrial technology, building technology, robotics and automation, healthcare, and smart logistics [1] - Midea Group has made significant capital moves in recent years, acquiring controlling stakes in listed companies such as Hekang New Energy, Wandong Medical, and Kelon Electronics, thereby entering new sectors like new energy and industrial automation, medical imaging, and energy management [1] - The chairman of Midea Group, Fang Hongbo, stated that the company's strategy involves extending the life cycle of its home appliance business while simultaneously promoting B2B business growth, creating a "growth relay" effect [1] Group 2 - Midea Group has invested over 60 billion yuan in research and development over the past five years, ranking eighth globally and first among private enterprises in China for patent families according to the 2023 global patent leaders list [2] - The company has established 38 R&D centers in 12 countries, creating a global R&D network structured as "2+4+N" [2] - Fang Hongbo emphasized that the core strategy of Midea Group is technological leadership, with plans to increase R&D investment, pursue breakthroughs in fundamental research and disruptive technologies, and enhance the research system by attracting global leading experts and high-quality PhD talents [2]