Annual report for 2021
April 30, 2002
To shareholders
This is an era of changes in a century. Every leaf and everyone can feel the changes of this great era. We pay tribute to the persistence and dedication of every beautiful employee in a difficult environment. They run in ups and downs, hope in setbacks, yearn for the future and their daily strength, and become an ordinary and warm force to inherit beauty; We pay tribute to all shareholders who have never left Midea. In a year of numerous changes and market fluctuations, this waiting trust and adherence to long-term value are precious. In the decade of transformation, Midea's revenue exceeded 300 billion yuan for the first time, and entered the world's fortune 500 for six consecutive years. It was selected as one of the top ten industrial digital transformation enterprises in China by Forbes China in 2021. Four factories won the honor of "lighthouse factory" of the world Economic Forum. What's more rare is that with the substantial increase of various costs such as bulk commodities, maritime logistics and energy supply, Midea still maintains the basic stability of profitability, demonstrating Midea's resilience.
There is no best age, no worse age, only a newer age. The changes of the times have led to subversive changes in many industries. Every major change and crisis is like a big wave in the sea. The wave passes and stands high and low. In the big era, no road is flat, and no road is invariable. Great enterprises must have experienced the cycle of reincarnation and baptism. In the current era, uncertainty has become the mainstream and normal, and the epidemic crisis has become an accelerator for enterprises to differentiate or improve their competitiveness, but science and technology to promote change is still the main melody of the times. The emergence and in-depth application of artificial intelligence and digital technology, the rapid change of user needs and the strengthening of sovereignty awareness, as well as the continuous renewal and ups and downs of the market, have significantly accelerated the speed of science and technology to promote change. Beauty needs to really listen to the voice of this era, face the reality, continue to evolve, self subvert, establish the advantage of certainty in the uncertain environment, and make innovation and change the largest increment of beauty, so as to adapt to the times and go to the broader sea of stars.
Born of change, died of mediocrity. All the seeds of destruction have been planted when the enterprise is most prosperous. All excellence, excellence and greatness, just like the records of all athletes, are used to be broken. Centennial changes are also Centennial opportunities. Facing the grand narrative structure of the future, Midea has made it clear that it should use industry-leading technology to establish the second growth curve at the most beautiful time, build a new growth track, and promote the upgrading and transformation of Midea from a global leading household appliance enterprise to a technology driven and innovation driven technology group with the gene of self transformation and self denial. In the current and future ten years of renewal, Midea's most important core idea is to promote new growth through new strategies. New business models, new process innovation, new process application, new material substitution, new product iteration, new technology breakthrough, new brand expansion, new channel layout, new communication methods, new market mining and new national market breakthrough. What Midea has not done is innovation, It comes from our new thinking and courage.
The key to the success of our business is to establish a new strategic and technological breakthrough with the customer base of Midea, which is the cornerstone of Midea's new business strategy and innovation. We have re established the strategic and technological breakthrough of Midea's new business.
In the colder winter, instead, we should invest more firmly in the future, accelerate stock upgrading and incremental creation, focus on the "number one strategy" for the core household appliance business, adhere to the long-term technology investment, thoroughly promote the transformation of IOT and digitization, speed up the upgrading of product intelligence and the improvement of the overall smart home business, consolidate our strength, and firmly lay out our layout under the grand background and pattern of intelligent manufacturing, energy conservation and emission reduction and domestic substitution, Accelerate the ignition of the four core engines of Siasun Robot&Automation Co.Ltd(300024) and automation, building technology, energy management and intelligent travel. Midea will continue to improve its operating efficiency and stabilize its profitability, adhere to long-term ism and altruism, make the right choice, and invest in the future, science and technology and talents. Midea has the power of long-term growth today. "A seed, a big tree" is our look back on the past and expectation for the future on the occasion of the 50th anniversary of beauty. Today's beautiful big tree needs to grow firmly, with strong trunk, lush branches and leaves, and deep roots. The trunk is our core business, and the dense branches are the increment we need to innovate. The superiority of corporate governance, the progressiveness of the value concept and the growth of the management's mind are the roots of this big tree. Only when we grow firmly can we live forever.
The turning point of the great era, scattered and muddy. In the face of hundred years of great changes and turbulent world, it is impossible to know what will happen, but striving is the best farewell. Youth is not years, but ourselves. If we dare to change, deny and innovate, there is youth in beauty.
If you don't know where to go, every road will take you far away. On the way forward, we look forward to continuing to witness the firm growth of the beautiful tree with all shareholders.
Midea Group Co.Ltd(000333) board of directors April 2022
Section I important tips, contents and definitions
The board of directors, the board of supervisors and the directors, supervisors and senior managers of the company guarantee that the contents of the annual report are true, accurate and complete without false records, misleading statements or major omissions, and bear individual and joint legal liabilities.
Fang Hongbo, the person in charge of the company, Zhong Zheng, the person in charge of accounting, and Chen Lihong, the person in charge of the accounting organization, declare that they guarantee the authenticity, accuracy and completeness of the financial report in this annual report.
All directors have attended the meeting of the board of directors to consider this report.
This annual report involves forward-looking statements such as future plans and does not constitute the company's substantive commitment to investors. Investors are reminded to pay attention to investment risks.
The profit distribution plan approved by the board of directors this time is: Based on the total share capital of 6997053441 shares of the company as of the date of disclosure of this report and the total share capital of 6869123038 shares after deducting the repurchased shares in the special repurchase account (as of the date of disclosure of this report, the company has repurchased 127930403 shares of the company), the company will distribute cash of 17 yuan (tax included) to all shareholders for every 10 shares and give bonus shares of 0 shares (tax included), No accumulation fund shall be converted into share capital.
catalogue
To shareholders Section 1 important tips, contents and definitions Section 2 company profile and main financial indicators 8 section III Management Discussion and Analysis Section IV corporate governance 67 Section V environmental and social responsibility 93 section VI important matters Section VII changes in shares and shareholders Section VIII preferred shares 136 section IX relevant information of bonds 137 section x financial report one hundred and forty
Directory of documents for future reference
1、 Signature of the legal representative of the company; 2、 Financial statements containing the signatures and seals of the legal representative, the person in charge of accounting and the person in charge of accounting institutions; 3、 The original of the audit report with the seal of the accounting firm and the signature and seal of the certified public accountant; 4、 Originals of all company documents and announcements publicly disclosed by designated information disclosure newspapers and periodicals during the reporting period; 5、 Published in http://www.cn.info.com.cn. Electronic version of the company's 2021 annual report on.
interpretation
Explanatory item refers to the explanatory content
The company, the company, Midea, Midea Group Co.Ltd(000333) or the group refers to Midea Group Co.Ltd(000333)
Midea holdings means Midea Holdings Limited
Kugelschaft group
Toshiba home appliances or tlsc means Toshiba lifestyle products & Services Corporation
Hiconics Eco-Energy Technology Co.Ltd(300048) refers to Hiconics Eco-Energy Technology Co.Ltd(300048)
Beijing Wandong Medical Technology Co.Ltd(600055) refers to Beijing Wandong Medical Technology Co.Ltd(600055)
RSG refers to Swisslog Holding AG
Gaochuang refers to servotronix motion control Ltd
Lingwang refers to Lingwang Elevator Co., Ltd
The reporting period refers to the period from January 1, 2021 to December 31, 2021
Section II Company Profile and main financial indicators
1、 Company information
Stock abbreviation Midea Group Co.Ltd(000333) stock code Midea Group Co.Ltd(000333)
Shenzhen Stock Exchange
Chinese name of the company Midea Group Co.Ltd(000333)
Chinese abbreviation of the company Midea Group Co.Ltd(000333)
Foreign name of the company (if any) Midea Group Co., Ltd
Abbreviation of the company's foreign name (if any) Midea Group
Legal representative of the company: Fang Hongbo
Registered address: Midea headquarters building, No. 6, Midea Avenue, Beijiao Town, Shunde District, Foshan City, Guangdong Province
Postal code of registered address: 528311
The historical change of the company's registered address is not applicable
Office address: Midea headquarters building, No. 6, Midea Avenue, Beijiao Town, Shunde District, Foshan City, Guangdong Province
Postal code of office address: 528311
Company website http://www.midea.com.
E-mail [email protected].
2、 Contact person and contact information
Secretary of the board of directors and securities affairs representative
Name: Jiang Peng, Yu Mingyang
Contact address: 6 Midea Avenue, Beijiao Town, Shunde District, Foshan City, Guangdong Province Midea headquarters building, No. 6 Midea Avenue, Beijiao Town, Shunde District, Foshan City, Guangdong Province
Tel: 075722607708075723274957
Fax: 075726605456
E-mail [email protected].
3、 Information disclosure and preparation location
The website of the stock exchange where the company discloses the annual report Shenzhen Stock Exchange（ http://www.szse.cn. ）
The media name and website of the annual report disclosed by the company include China Securities Journal, securities times and Shanghai Securities News
Tide consulting network http://www.cn.info.com.cn.
The company's annual report is prepared at the company's investor relations department
4、 Registration changes
Organization Code: 91440606722473344c
Since the listing of the company
