Midea Group(000333)2024-05-27 08:26Group 1: ESG and Green Initiatives - Midea Group has been recognized in the "Fortune" China's ESG Influence List for two consecutive years, highlighting its excellence in environmental, social, and governance aspects [1] - The company has invested 8 billion RMB in the "Green Action: Trade-in for New" program, allowing consumers to trade in old appliances for subsidies on new products [1] - In Q1 2024, Midea's trade-in program covered over 710,000 users, resulting in the recycling of 930,000 units of old appliances [2] Group 2: Technological Advancements - Midea's subsidiary, Welling, has achieved the top global market share in the "air conditioning fan motor" segment, recognized as a manufacturing champion [2] - The new generation of BLDC motors developed by Welling features significant improvements in efficiency, noise reduction, and waterproof capabilities, setting industry benchmarks [2] - Midea has received the Guangdong Province Standardization Contribution Award, reflecting its commitment to technological standardization and innovation [3] Group 3: Standardization and Innovation - Over the past five years, Midea has received 2 China Standard Innovation Contribution Awards and 7 provincial-level standardization awards, leading or participating in over 1,800 standards [3] - The company has over 100 registered standard experts and has taken part in 8 domestic and 1 international standardization working groups [3] - Midea aims to enhance its standardization efforts to support high-quality industry development [3]