On March 30, Midea Group released its 2025 annual report, which disclosed that the company's annual revenue soared to RMB 458.5 billion, marking a 12.08% year-on-year increase. Meanwhile, the net profit attributable to shareholders surged to RMB 43.95 billion, up by 14.03%—both figures setting new all-time highs. Midea has decided to allocate its entire annual net profit attributable to shareholders for shareholder returns, with the combined total of cash dividends and share buybacks reaching approximately RMB 44 billion. Furthermore, the company intends to carry out share buybacks valued at no less than RMB 6.5 billion and no more than RMB 13 billion within the upcoming 12 months.

Midea's smart home business continues to serve as its main revenue stream. Notably, its ToB (To Business) business has exhibited faster growth compared to the company's overall performance and is now recognized as the second engine driving growth. Midea is actively speeding up its transformation into a global "AI+" technology conglomerate. Throughout the year, it invested RMB 17.8 billion in research and development, with over RMB 5 billion specifically earmarked for AI-related projects.

In terms of overseas operations, Midea's revenue saw an approximate 16% year-on-year rise, accounting for 42.74% of the total revenue. The company leads the global market in smart home appliance sales. By the end of the year, Midea's net operating cash flow had reached RMB 53.3 billion, with cash and cash equivalents standing at RMB 68.509 billion. Following the release of the financial report, Midea's A-share price experienced a sustained upward trend, and securities firms have maintained a "recommend" rating for the stock.