Midea Group(000333) 证券时报网·2025-03-29 03:05Core Insights - Midea Group reported a total revenue of 409.1 billion yuan for 2023, a year-on-year increase of 9.5%, and a net profit attributable to the parent company of 38.5 billion yuan, up 14.3% [1] - The company announced a cash dividend plan of 35 yuan per 10 shares, totaling 26.7 billion yuan, which is nearly 30% higher than the previous year's dividend [1] - Midea Group's R&D investment exceeded 16 billion yuan in 2023, marking a growth of over 10% year-on-year, with cumulative R&D investment surpassing 100 billion yuan over the past decade [2] Financial Performance - Midea Group achieved a record high in operating cash flow of 60.5 billion yuan [1] - The company plans to repurchase shares worth 5 to 10 billion yuan, with over 70% intended for cancellation to reduce registered capital [1] Technological Advancements - Midea Group deepened its technology leadership strategy, establishing 16 national-level innovation platforms and 82 provincial-level platforms [2] - The company received 1 national science and technology award, 30 provincial-level awards, and 67 international leading/advanced results certifications in 2023 [3] - Midea participated in the formulation or revision of 230 technical standards, including 14 international standards [3] Intellectual Property - In 2023, Midea added over 11,000 global authorized patents, with more than 5,000 being invention patents [4] - The company has a total of over 150,000 patent applications globally, maintaining over 90,000 authorized patents [4] Global Expansion - Despite challenges in the overseas appliance market, Midea Group experienced strong growth in its international business [5] - The company expanded its overseas manufacturing layout and achieved market leadership in various countries for its product categories, including refrigerators and washing machines [5][6] - Midea's smart home applications saw over 2.1 million new registered users overseas, with a total of over 4.4 million registered users [6] E-commerce Performance - Midea's overseas e-commerce sales revenue grew by over 50% year-on-year, achieving both scale and profit growth [6] - The brand secured a leading position in over 60 product categories on Amazon, with 29 categories ranking first [6] - According to Euromonitor, Midea became the top global brand in smart home appliance sales in 2024, with smart home business revenue reaching 269.5 billion yuan [6]