Core Viewpoint - Midea Building Technology is increasing the prices of its products 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 a price increase of 5% across various product lines [1] - The company clarified that it has not issued a nationwide price increase notice, allowing regions to set their own pricing 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 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] - Revenue from smart building technology reached 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, including Mitsubishi Heavy Industries, Haier, and others, have also raised prices due 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 [2]