Midea Group's 4 Billion Yuan Repurchase Has Completed 70% Of The Cumulative Repurchase Amount Reached 2.94 Billion Yuan

- Jan 23, 2019-

On the evening of November 21, Little Swan issued a notice saying that the company received a letter from the controlling shareholder Midea Group to propose a dividend. It is proposed that Little Swan will make a cash dividend every time after the share swap is merged and approved by the China Securities Regulatory Commission. The amount of cash dividends of the shares is 4 yuan, and the total amount is about 2.53 billion yuan, accounting for about 85% of the undistributed profits of the Little Swan parent company at the end of the third quarter of 2018.


Focus on the steady growth of the main business performance

Midea Group's focus on shareholders' interests and returns is not only reflected in dividend repurchase. Since its listing in 2013, Midea Group's performance has maintained a steady growth trend.

As the leading home appliance category, the world's leading home appliance faucet, the United States has entered the field of robotics and industrial automation through the acquisition of a high starting point in KUKA. At present, Midea has a complete product category, a clear business structure, a deep global industrial layout, a complete supporting industrial chain and the ability to operate digitally and efficiently. In terms of product enhancement, according to the Kerui Wei'an report, the past 5 years of the United States R & D investment of more than 20 billion yuan, 20 global R & D institutions, in the field of home appliances for three consecutive years invented the world's first patent.

According to the company's third quarterly report, in the first three quarters of 2018, Midea Group achieved operating income of 205.575 billion yuan, up 10.06% year-on-year; net profit of 17.9 billion yuan, up 19.35% year-on-year; net profit after deduction was 17.252 billion yuan, a year-on-year increase 23.49%.

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