Core Viewpoint - Midea Building Technology is increasing the prices of its product lines by 5% due to rising costs of raw materials such as copper, iron, and aluminum, effective from December 15, 2025 [1] Group 1: Price Adjustment Details - Midea Building Technology has notified its distributors about the price increase, which is attributed to the significant rise in manufacturing costs from upstream suppliers [1] - The company clarified that it has not issued a nationwide price increase notification, allowing regional discretion in pricing strategies based on local market conditions [1] - A distributor indicated that orders placed before the end of December will be honored at the original price, but adjustments will take effect from January 1, 2025, for main selling models [1] Group 2: Business Performance - Midea Building Technology is part of Midea Group's ToB business segment, focusing on building products and services, including HVAC, smart elevators, energy management, and building control [1] - The segment has shown rapid growth, with Midea Group reporting a revenue of 364.716 billion yuan for the first three quarters of 2025, a year-on-year increase of 13.85% [1] - Specifically, the smart building technology segment generated revenue of 28.1 billion yuan, reflecting a 25% year-on-year growth and accounting for approximately 7.7% of total revenue [1] Group 3: Industry Context - Other HVAC companies, such as Mitsubishi Heavy Industries, Haier, and others, have also raised prices in response to increasing raw material costs [2] - This is not the first price adjustment for Midea Building Technology; a previous increase was implemented in April 2022 due to similar cost pressures, including raw material price hikes and shortages of key components [2]

Core Viewpoint - Midea Building Technology has announced a price increase of 5% across its product lines due to rising costs of raw materials such as copper, iron, and aluminum, effective from December 15, 2025 [1][2]. Group 1: Price Adjustment Announcement - Midea Building Technology's price adjustment is attributed to significant increases in manufacturing costs driven by global raw material price hikes [1]. - The company clarified that it has not issued a nationwide price increase notification, allowing regional distributors to set their own pricing strategies based on local market conditions [1]. - A distributor indicated that orders placed before the end of December will be honored at the original price, but adjustments will take effect from January 1, 2025, for main selling models [1]. Group 2: Financial Performance - Midea Group's revenue for the first three quarters of 2025 reached 364.716 billion yuan, reflecting a year-on-year growth of 13.85% [2]. - The smart building technology segment generated revenue of 28.1 billion yuan, marking a 25% increase year-on-year, accounting for approximately 7.7% of total revenue [2]. - Other HVAC companies, including Mitsubishi Heavy Industries, Haier, and others, have also raised prices in response to escalating raw material costs, indicating a broader industry trend [2].