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Midea Chair & President: Company To Make Unprecedented Investment in Global Breakthroughs
At MIDEA GROUP (00300.HK)(000333.SZ)'s 2025 Management Conference, the Chairman and President Fang Hongbo delivered a keynote speech, themed "Set Out in the Wind and Rain ...
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Midea Chair & President: Company To Make Unprecedented Investment in Global Breakthroughs
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At MIDEA GROUP (00300.HK)  -0.250 (-0.332%)    Short selling $116.61M; Ratio 38.245%   (000333.SZ)  +0.320 (+0.431%)   's 2025 Management Conference, the Chairman and President Fang Hongbo delivered a keynote speech, themed "Set Out in the Wind and Rain to Write a New Story".

He disclosed that MIDEA GROUP will in 2025 promote growth with streamlining, where non-core businesses will be shut down, with focus rotated to the core businesses and the core categories, while strictly controlling access of new product categories.

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In parallel, the company should make unprecedented investment in global breakthroughs, he viewed. MIDEA GROUP will not only engage in global businesses, but will also deploy globalization of core resources, such as R&D, manufacturing, supply chain and human resources.

The company will become a truly global enterprise by enhancing its global R&D capabilities, attracting quality suppliers to expand overseas, and increasing its M&A and marketing efforts.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-01-14 16:25.) (A Shares quote is delayed for at least 15 mins.)

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