Midea Group(SZ:000333)2024-01-18 10:28Group 1: Sustainability Initiatives - Midea Building Technology has joined the Science Based Targets initiative (SBTi) and submitted a commitment letter for scientific carbon targets, aiming to establish a full value chain greenhouse gas reduction plan within 24 months [2] - The company will promote the use of green and recycled materials, such as recycled plastics and low GWP refrigerants (R454B and R290), to enhance its green supply chain [2] - Midea aims to empower its supply chain by providing green services and promoting national-level green supply chain certification among core suppliers [3] Group 2: Product Innovations - The upgraded heat pump system solutions focus on high efficiency, compact design, reliability, and quiet operation, integrating various components for optimal performance [3] - Midea's heat pump solutions include options for heating + hot water and multi-functional systems, showcasing high efficiency and compactness [4] - The company has developed R454B refrigerant products to meet energy efficiency standards and low-temperature heating demands, ensuring safety through rigorous testing [4] Group 3: Market Positioning - Midea's air conditioning division has implemented a proprietary flammable refrigerant leak detection system, enhancing safety and positioning the company as a leader in the North American market [4] - The company adheres to strict information disclosure regulations, ensuring transparency and compliance during investor relations activities [4]