美的集团:2024年三季度报告（英文版）

Third Quarterly Report of 2024 of Midea Group Co. Ltd.Stock code: 000333 Stock name: Midea Group Announcement No.: 2024-093

Midea Group Co. Ltd.Third Quarterly Report of 2024

Midea Group Co. Ltd. (hereinafter referred to as the “Company”) and all the members of the

Company’s Board of Directors have warranted that the information given in this Report is true

accurate and complete as well as free of any false record misleading statement or material

omission.IMPORTANT NOTICE:

1. The board of directors the supervisory committee as well as the directors supervisors

and senior management hereby warrant the truthfulness accuracy and completeness of this

quarterly report which does not contain false representations misleading statements or

material omissions and jointly and severally accept legal responsibility.

2. The legal representative the principal in charge of accounting and the head of the accounting

department declare that they warrant the truthfulness accuracy and completeness of the

financial information in this quarterly report.

3. Is the third quarterly report audited

□ Yes ? No

1Third Quarterly Report of 2024 of Midea Group Co. Ltd.

I. KEY FINANCIAL DATA

(I) Major accounting data and financial indicators

Retrospective adjustment to or restatement of the accounting data for prior years by the Company

□ Yes ? No

Increase/decrease

Increase/decrease from the beginning

for the Reporting From the of the year to the

Period compared beginning of the end of the

The Reporting

to the year to the end Reporting Period

Period

corresponding of the Reporting compared to the

period of the Period corresponding

prior year period of the

prior year

Operating revenue (RMB’000) 101700575 8.05% 318974661 9.57%

Net profit attributable to shareholders

1089493814.86%3169911414.37%

of the Company (RMB’000)

Net profit attributable to shareholders of

the Company before non-recurring 10195858 10.96% 30376736 13.17%

gains or losses (RMB’000)

Net cash flows from operating

’ — — 60263681 34.56% activities (RMB 000)

Basic earnings per share

1.5612.23%4.5812.81%

(RMB per share)

Diluted earnings per share

1.5612.23%4.5712.84%

(RMB per share)

Weighted average return on net assets 6.25% -0.02% 18.46% 0.05%

Increase/decrease as at

As at the end of As at the end of the end of the Reporting

the Reporting Period the prior year Period compared to the

end of the prior year

Total assets (RMB’000) 567150337 486038184 16.69%

Owners’ equity attributable to

shareholders of the Company

(RMB’000) 208887776 162878825 28.25%

Revenue from the Company’s Smart Home Solutions Energy Solutions & Industrial Technology

Intelligent Building Technology and Robotics & Automation from the beginning of the year

to the end of the Reporting Period amounted to RMB215.4 billion RMB25.4 billion RMB22.4

billion and RMB20.8 billion representing a year-on-year increase of 10% 19% and 6% and a

year-on-year decrease of 9% respectively.

2Third Quarterly Report of 2024 of Midea Group Co. Ltd.

(II) Items and amounts of non-recurring gains or losses

? Applicable □ Not applicable

Unit: RMB’000

Amount from the

beginning of the

Amount for the

Item year to the end of Explanation

Reporting Period

the Reporting

Period

Profit or loss from disposal of non-current assets 142388 241605

Except for effective hedging business conducted in the

ordinary course of business of the Group gain or loss

arising from the change in fair value of held-for-trading

financial assets derivative financial assets held-for-trading

financial liabilities derivative financial liabilities other

73618438027

non-current financial assets and investment gains or losses

from disposal of held-for-trading financial assets derivative

financial assets held-for-trading financial liabilities

derivative financial liabilities other non-current

financial assets

Others (mainly including government grants reversal of

provision for impairment of receivables subject to

239989923722

individual impairment test income from claims income

from fines and other non-operating income and expenses)

Less: Effect of income tax -62932 304547

Effect of minority interest (after tax) -180153 -23571

Total 699080 1322378 －

Details of other gain or loss items that fall within the definition of non-recurring gains or losses:

□ Applicable ? Not applicable

Explanation on the non-recurring gain or loss items as illustrated in the Explanatory Announcement

on Information Disclosure for Companies Offering Their Securities to the Public No.1 –

Non-recurring Gains or Losses defined as its recurring gain or loss items

□ Applicable ? Not applicable

The Company did not have the circumstance that the non-recurring gain or loss items as illustrated

in the Explanatory Announcement on Information Disclosure for Companies Offering Their

Securities to the Public No.1 – Non-recurring Gains or Losses defined as its recurring gain or loss

items.

3Third Quarterly Report of 2024 of Midea Group Co. Ltd.

(III) Particulars of and reasons for changes in major accounting data and financial indicators

?? Applicable □ Not applicable

Unit: RMB’000

Opening balance

of the year

Closing balance

(or accumulated

Item amount for the Change Reason for the change

amount for the

corresponding

current year)

period of

prior year)

Cash at bank and on hand 160879259 81673846 96.98% Mainly due to the increase in cash

received from issuance of shares

and net cash flows generated

from operating activities

Financial assets held 6995406 1790588 290.68% Mainly due to the increase in

for trading structured deposits

Current portion of 30105102 10760577 179.77% Mainly due to the transfer of

non-current assets other non-current assets

Other current assets 40576444 62900891 -35.49% Mainly due to the expiration of

constant return financial product

Other debt investments 550834 6319047 -91.28% M a i n l y d u e t o t h e a m o u n t

transferred to current portion of

non-current assets

Long-term receivables 113180 250519 -54.82% M a i n l y d u e t o t h e a m o u n t

transferred to current portion of

non-current assets

Other non-current 4315797 7769938 -44.46% M a i n l y d u e t o t h e a m o u n t

financial assets transferred to financial assets

held for trading

Short-term borrowings 27939188 8819176 216.80% Mainly due to the increase in

borrowings

Derivative financial liabilities 1267698 257668 391.99% Mainly due to changes in fair

value of derivatives

Current portion of 39150654 14457710 170.79% Mainly due to the transfer of

non-current liabilities long-term borrowings

Long-term borrowings 10494613 46138736 -77.25% M a i n l y d u e t o t h e a m o u n t

transferred to current portion of

non-current liabilities

Capital reserve 49533518 21243156 133.17% Mainly due to the issuance of

4Third Quarterly Report of 2024 of Midea Group Co. Ltd.

Opening balance

of the year

Closing balance

(or accumulated

Item amount for the Change Reason for the change

amount for the

corresponding

current year)

period of

prior year)

Treasury stock 6026463 12871738 -53.18% Mainly due to the cancellation of

Other comprehensive income -839246 -164202 -411.11% M a i n l y d u e t o c h a n g e s i n

translation differences of foreign

currency financial statements

General risk reserve 1004240 642525 56.30% M a i n l y d u e t o c h a n g e s i n

financial business operations

Interest costs -1819 -21818 91.66% M a i n l y d u e t o c h a n g e s i n

financial business operations

Finance income 2981829 1661650 79.45% Mainly due to the decrease in

interest expenses

Investment income 786114 505083 55.64% Mainly due to the increase in

investment income from disposal

of derivative financial assets and

liabilities

Gains/(Losses) on changes 328536 118137 178.10% Mainly due to changes in fair

in fair value value of non-current financial

assets

Asset impairment losses -353658 -172481 -105.04% Mainly due to the increase in

losses from inventory impairment

Gains/(Losses) on disposal 258260 -21985 1274.71% Mainly due to the increase in

of assets gains from disposal of non-

current assets

Non-operating income 353738 183740 92.52% Mainly due to the increase in

other income

Net cash flows from 60263681 44787056 34.56% Mainly due to the increase in

operating activities cash received from sales of goods

and rendering of labor services

Net cash flows from -90564488 -33608113 -169.47% Mainly due to the increase in

investing activities cash paid for investment

Net cash flows from 19961078 -13409903 248.85% Mainly due to increase in cash

financing activities received from investments

Net increase in cash and -10579630 -2060575 -413.43% Mainly due to the decrease in

cash equivalents net cash flows generated from

investing activities

5Third Quarterly Report of 2024 of Midea Group Co. Ltd.

II. INFORMATION ON SHAREHOLDERS

(I) Total number of shareholders of ordinary shares and shareholders of preference shares

with restored voting rights and the shareholding of the top ten shareholders

Unit: share

Total number of shareholders

271449 of which 271382

Total number of shareholders of of preference shares with

were holders of A shares

ordinary shares as at the end of the restored voting right as at 0

and 67 were registered

Reporting Period the end of the Reporting

holders of H shares

Period (if any)

Shareholding of the top ten shareholders

Pledged or

Number of shares

Number of frozen shares

Name of shareholder Nature of shareholder Percentage held subject to selling

shares held

restrictions Status of Number

Domestic non-state-

Midea Holding Co. Ltd. 28.36% 2169178713 – – –

owned legal person

Hong Kong Securities Clearing

Overseas legal person 14.76% 1129385202 – – –

Company Limited

HKSCC NOMINEES LIMITED Overseas legal person 8.51% 650828180 – – –

China Securities Finance Domestic non-state-

2.59%198145134–––

Corporation Limited owned legal person

Domestic natural

Fang Hongbo (方洪波) 1.53% 116990492 87742869 – –

person

Industrial and Commercial Bank of

China Limited – Huatai-PineBridge

Others 1.23% 93801083 – – –

CSI 300 Trading Open-ended Index

Securities Investment Fund

Central Huijin Asset State-owned

1.15%88260460–––

Management Co. Ltd. legal person

Domestic natural

Huang Jian (黃健) 1.13% 86140000 – – –

person

China Construction Bank Corporation –

E Fund CSI 300 Trading Open-

Others 0.81% 62264445 – – –

ended Index Initiated Securities

Investment Fund

栗建偉 Overseas natural Li Jianwei ( ) 0.60% 45591545 – – –

person

6Third Quarterly Report of 2024 of Midea Group Co. Ltd.

Shareholding of the top ten shareholders of non-restricted shares

Number of shares held not Class of shares

Name of shareholder subject to selling

restrictions Class of shares Number

RMB ordinary

Midea Holding Co. Ltd. 2169178713 2169178713

RMB ordinary

Hong Kong Securities Clearing Company Limited 1129385202 1129385202

Overseas listed

HKSCC NOMINEES LIMITED 650828180 650828180

foreign shares

RMB ordinary

China Securities Finance Corporation Limited 198145134 198145134

Industrial and Commercial Bank of China Limited –

RMB ordinary

Huatai-PineBridge CSI 300 Trading Open-ended Index 93801083 93801083

Securities Investment Fund

RMB ordinary

Central Huijin Asset Management Co. Ltd. 88260460 88260460

黃健 RMB ordinary Huang Jian ( ) 86140000 86140000

China Construction Bank Corporation – E Fund

RMB ordinary

CSI 300 Trading Open-ended Index Initiated Securities 62264445 62264445

Investment Fund

RMB ordinary

Li Jianwei (栗建偉) 45591545 45591545

Industrial and Commercial Bank of China Limited –

RMB ordinary

Huaxia SSE-SZSW 300 Tradable Open-ended Index 39385023 39385023

Securities Investment Fund

Explanation on whether the above shareholders are

Not applicable

connected or acting in concert

Participation of top ten ordinary shareholders in

Not applicable

securities of margin trading

Special explanation on whether the top ten

Not applicable

shareholders have repurchased special accounts

Note 1: Hong Kong Securities Clearing Company Limited is the nominee holder of the Company’s SZSE Securities.Note 2: HKSCC NOMINEES LIMITED is the nominee holder of shares held by non-registered holders of H shares

of the Company.

7Third Quarterly Report of 2024 of Midea Group Co. Ltd.

Information on the shareholders holding more than 5% the top ten shareholders and the top

ten shareholders not subject to selling restrictions who participate in the margin financing and

securities lending business

? Applicable □ Not applicable

Unit: Share

Information on the shareholders holding more than 5% the top ten shareholders and the top ten shareholders not subject to

selling restrictions who participate in the margin financing and securities lending business

The outstanding shares

The shareholdings of The outstanding shares lent The shareholdings of

lent through margin

ordinary account and credit through margin financing ordinary account and credit

financing and securities

account at the beginning of and securities lending at account at the end of the

lending at the end of the

Name of shareholder (full name) the year the beginning of the year period period

Percentage Percentage Percentage Percentage

Total Total Total Total

of total share of total share of total share of total share

number number number number

capital capital capital capital

Industrial and Commercial Bank of

China Limited – Huatai-PineBridge

367376330.52%101000.00%938010831.23%00%

CSI 300 Trading Open-ended Index

Securities Investment Fund

China Construction Bank

Corporation – E Fund CSI 300

137406460.20%680000.00%622644450.81%00%

Trading Open-ended Index Initiated

Securities Investment Fund

Industrial and Commercial Bank of

China Limited – Huaxia SSE-SZSW

100986230.14%5422000.01%393850230.51%00%

300 Tradable Open-ended Index

Securities Investment Fund

Change of the top ten shareholders and the top ten shareholders not subject to selling restrictions

compared with previous period due to the refinancing and security lending/return

□ Applicable ? Not applicable

(II) Total number of holders of preference shares and particulars of shareholding of the top

ten holders of preference shares of the Company

□ Applicable ?? Not applicable

III. OTHER MAJOR MATTERS

□ Applicable ? Not applicable

8Third Quarterly Report of 2024 of Midea Group Co. Ltd.

IV. QUARTERLY FINANCIAL STATEMENTS

(I) Financial statements

CONSOLIDATED AND COMPANY BALANCE SHEETS

AS AT 30 SEPTEMBER 2024

Prepared by Midea Group Co. Ltd. Unit: RMB’000

30 September 31 December 30 September 31 December

ASSETS 2024 2023 2024 2023

Consolidated Consolidated Company Company

Current assets:

Cash at bank and on hand 160879259 81673846 56521423 30260602

Financial assets held for

trading 6995406 1790588 4248110 299001

Derivative financial assets 1316765 1278161 – –

Note receivables 6482123 5521960 – –

Account receivables 36924388 32884739 – –

Financing receivables 14606052 13330008 – –

Prepayments 3775316 3316194 118021 81244

Contract assets 3588556 4045925 – –

Loan receivables 11875168 14296958 – –

Other receivables 2094415 2181878 27749891 19614359

Inventories 42773671 47339255 – –

Current portion of

non-current assets 30105102 10760577 25626988 9363826

Other current assets 40576444 62900891 20130066 43712760

Total current assets 361992665 281320980 134394499 103331792

9Third Quarterly Report of 2024 of Midea Group Co. Ltd.

30 September 31 December 30 September 31 December

ASSETS 2024 2023 2024 2023

Consolidated Consolidated Company Company

Non-current assets:

Other debt investments 550834 6319047 529471 3334059

Long-term receivables 113180 250519 – –

Loan receivables 513775 975272 – –

Long-term equity

investments 5075422 4976109 108007906 75957844

Investments in other equity

instruments 37970 37874 – –

Other non-current financial

assets 4315797 7769938 245627 285170

Investment properties 1223511 1293629 375429 393988

Fixed assets 32650336 30937963 2137193 1300998

Construction in progress 4852081 4681220 214 749934

Right-of-use assets 2857479 3048785 3539 1683

Intangible assets 17665331 18457736 608639 583714

Goodwill 30655392 30858237 – –

Long-term prepaid expenses 1737850 1736199 68538 72745

Deferred tax assets 14196378 12771150 327618 289426

Other non-current assets 88712336 80603526 74237770 71132070

Total non-current assets 205157672 204717204 186541944 154101631

TOTAL ASSETS 567150337 486038184 320936443 257433423

10Third Quarterly Report of 2024 of Midea Group Co. Ltd.

30 September 31 December 30 September 31 December

LIABILITIES AND 2024 2023 2024 2023

SHAREHOLDERS’ EQUITY

Consolidated Consolidated Company Company

Current liabilities:

Short-term borrowings 27939188 8819176 – 400000

Customer deposits and

deposits from banks and

other financial institutions 103257 88960 – –

Financial liabilities held for

trading 1012469 1346674 – –

Derivative financial

liabilities 1267698 257668 101190 –

Note payables 24506498 21707608 – –

Account payables 85045507 72530465 – –

Contract liabilities 37510240 41765475 – –

Employee benefit payables 7636520 9076027 122175 169349

Tax payables 6584885 5455102 491893 411715

Other payables 3688661 4442928 217381605 170693950

Current portion of

non-current liabilities 39150654 14457710 9001436 6621910

Other current liabilities 87594064 71297928 96185 147552

Total current liabilities 322039641 251245721 227194484 178444476

Non-current liabilities:

Long-term borrowings 10494613 46138736 7599600 16600000

Debenture payables 3161135 3217969 – –

Lease liabilities 1910836 2047319 1505 –

Provisions 950416 782539 – –

Deferred income 1778372 1734932 204289 157917

Long-term employee benefit

payables 1389608 1433874 – –

Deferred tax liabilities 5084887 5098280 – –

Other non-current liabilities 45135 39165 – –

Total non-current liabilities 24815002 60492814 7805394 16757917

Total liabilities 346854643 311738535 234999878 195202393

11Third Quarterly Report of 2024 of Midea Group Co. Ltd.

30 September 31 December 30 September 31 December

LIABILITIES AND 2024 2023 2024 2023

SHAREHOLDERS’ EQUITY

Consolidated Consolidated Company Company

Equity:

Share capital 7649328 7025769 7649328 7025769

Capital reserve 49533518 21243156 57787036 29479180

Less: Treasury stock (6026463) (12871738) (6026463) (12871738)

Other comprehensive

income (839246) (164202) 458 (6639)

General risk reserve 1004240 642525 – –

Special reserve 18077 16040 – –

Surplus reserve 10702928 10702928 10702928 10702928

Undistributed profits 146845394 136284347 15823278 27901530

Total equity attributable to

shareholders of the

Company 208887776 162878825 85936565 62231030

Minority interests 11407918 11420824 – –

Total equity 220295694 174299649 85936565 62231030

TOTAL LIABILITIES AND

EQUITY 567150337 486038184 320936443 257433423

Legal representative: Principal in charge of accounting: Head of accounting department:

Fang Hongbo Zhong Zheng Chen Lihong

12Third Quarterly Report of 2024 of Midea Group Co. Ltd.

CONSOLIDATED AND COMPANY INCOME STATEMENTS

FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2024

Prepared by Midea Group Co. Ltd. Unit: RMB’000

For the nine For the nine For the nine For the nine

months ended months ended months ended months ended

Item 30 September 30 September 30 September 30 September

2024202320242023

Consolidated Consolidated Company Company

I. Total revenue 320349787 292379658 643932 807741

Including: Operating revenue 318974661 291110510 643932 807741

Interest income 1374709 1268673 – –

Fee and commission

income 417 475 – –

II. Total operating cost (285208763) (260261351) (154715) 343587

Including: Cost of sales (233629908) (215876420) (30676) (30606)

Interest costs (1819) (21818) – –

Fee and commission

expenses (1683) (2027) – –

Taxes and surcharges (1631930) (1325457) (33292) (25709)

Selling and marketing

expenses (31163032) (25346676) – –

General and

administrative

expenses (10360728) (9337069) (1206533) (1030915)

Research and

development

expenses (11401492) (10013534) – –

Finance income 2981829 1661650 1115786 1430817

Including: Interest

expenses (1704884) (2285139) (2248307) (2232397)

Interest

income 5461603 5113637 3355271 3671077

Add: Other income 2146307 1414310 5439 30588

Investment income 786114 505083 8208135 8577756

Including: Share of profit

of associates and joint

ventures net 680038 620966 217639 178044

Gains/(Losses) on

changes in fair value 328536 118137 (167100) 87451

13Third Quarterly Report of 2024 of Midea Group Co. Ltd.

For the nine For the nine For the nine For the nine

months ended months ended months ended months ended

Item 30 September 30 September 30 September 30 September

2024202320242023

Consolidated Consolidated Company Company

Asset impairment losses (353658) (172481) – –

(Losses on)/Reversal of

credit impairment (132559) (181670) (477) 697

Gains/(Losses) on

disposal of assets 258260 (21985) 152466 (86)

III. Operating profit 38174024 33779701 8687680 9847734

Add: Non-operating income 353738 183740 31777 9555

Less: Non-operating expenses (129293) (181097) (944) (371)

IV. Total profit 38398469 33782344 8718513 9856918

Less: Income tax expenses (6247487) (5495255) (20414) (183895)

V. Net profit 32150982 28287089 8698099 9673023

(I) Classified by continuity of

operations

Net profit from continuing

operations 32150982 28287089 8698099 9673023

Net profit from discontinued

operations – – – –

(II) Classified by ownership of the

equity

Attributable to shareholders of

the Company 31699114 27717481 8698099 9673023

Minority interests 451868 569608 – –

VI. Other comprehensive income

net of tax (946255) (543238) 7097 7571

Other comprehensive income

attributable to equity owners of

the Company net of tax (675044) (481090) 7097 7571

(I) Other comprehensive income

items which will not be

reclassified subsequently to

profit or loss (7260) (11761) – –

1. Changes arising from

remeasurement of defined

benefit plan (7123) (11761) – –

2. Changes in fair value of

investments in other equity

instruments (137) – – –

14Third Quarterly Report of 2024 of Midea Group Co. Ltd.

For the nine For the nine For the nine For the nine

months ended months ended months ended months ended

Item 30 September 30 September 30 September 30 September

2024202320242023

Consolidated Consolidated Company Company

(II) Other comprehensive income

items which will be reclassified

subsequently to profit or loss (667784) (469329) 7097 7571

1. Other comprehensive

income that will be

transferred subsequently

to profit or loss under the

equity method 4412 17323 7097 7571

2. Cash flow hedging reserve (164094) (556111) – –

3. Differences on translation

of foreign currency

financial statements (489248) 84630 – –

4. Others (18854) (15171) – –

Other comprehensive income

attributable to minority

shareholders net of tax (271211) (62148) – –

VII. Total comprehensive income 31204727 27743851 8705196 9680594

Attributable to equity owners of the

Company 31024070 27236391 8705196 9680594

Attributable to minority interests 180657 507460 – –

VIII. Earnings per share

(I) Basic earnings per share 4.58 4.06 Not applicable Not applicable

(II) Diluted earnings per share 4.57 4.05 Not applicable Not applicable

Legal representative: Principal in charge of accounting: Head of accounting department:

Fang Hongbo Zhong Zheng Chen Lihong

15Third Quarterly Report of 2024 of Midea Group Co. Ltd.

CONSOLIDATED AND COMPANY CASH FLOW STATEMENTS

FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2024

Prepared by Midea Group Co. Ltd. Unit: RMB’000

For the nine For the nine For the nine For the nine

months ended months ended months ended months ended

Item 30 September 30 September 30 September 30 September

2024202320242023

Consolidated Consolidated Company Company

I. Cash flows from operating

activities:

Cash received from sales of

goods or rendering of

services 312172422 262375345 – –

Net increase in customer

deposits and deposits

from banks and other

financial institutions 14297 40860 – –

Net decrease in loan

receivables 2968149 480148 – –

Net decrease in deposits

with the Central Bank – 152667 – –

Cash received from interest

fee and commission 1377147 1283930 – –

Refund of taxes and

surcharges 7420552 6181899 – –

Cash received relating to

other operating activities 6909310 4963743 48288821 30456009

Sub-total of cash inflows 330861877 275478592 48288821 30456009

Cash paid for goods and

services (190839801) (159850989) – –

Net increase in deposits

with the Central Bank (1624340) – – –

Cash paid for interest fee

and commission (3502) (23845) – –

Cash paid to and on behalf

of employees (33807476) (29339923) (401576) (357445)

Payments of taxes and

surcharges (14563430) (15180128) (5167) (335458)

Cash paid relating to other

operating activities (29759647) (26296651) (2365679) (1209264)

Sub-total of cash outflows (270598196) (230691536) (2772422) (1902167)

Net cash flows from

operating activities 60263681 44787056 45516399 28553842

16Third Quarterly Report of 2024 of Midea Group Co. Ltd.

For the nine For the nine For the nine For the nine

months ended months ended months ended months ended

Item 30 September 30 September 30 September 30 September

2024202320242023

Consolidated Consolidated Company Company

II. Cash flows from investing

activities:

Cash received from disposal

of investments 71222663 87124789 48889841 60703000

Cash received from returns

on investments 2855649 4232951 3472173 11477722

Net cash received from

disposal of fixed assets

intangible assets and

other long-term assets 600999 119685 176301 11

Net cash received from

disposal of subsidiaries

and other business units 40453 6000 133625 18000

Cash received relating to

other investing activities – 373816 – –

Sub-total of cash inflows 74719764 91857241 52671940 72198733

Cash paid to acquire fixed

assets intangible assets

and other long-term

assets (5039616) (4143771) (501731) (767476)

Cash paid to acquire

investments (160021460) (121236767) (107142946) (86102212)

Cash paid relating to other

investing activities (223176) (84816) – –

Sub-total of cash outflows (165284252) (125465354) (107644677) (86869688)

Net cash flows from

investing activities (90564488) (33608113) (54972737) (14670955)

17Third Quarterly Report of 2024 of Midea Group Co. Ltd.

For the nine For the nine For the nine For the nine

months ended months ended months ended months ended

Item 30 September 30 September 30 September 30 September

2024202320242023

Consolidated Consolidated Company Company

III. Cash flows from financing

activities:

Cash received from capital

injection 34065802 2196750 34035738 2155838

Including: Cash received

from capital contributions

by minority shareholders

of subsidiaries 30064 40912 – –

Cash received from

borrowings 29427446 22764632 – 400000

Cash received relating to

other financing activities – 303154 – –

Sub-total of cash inflows 63493248 25264536 34035738 2555838

Cash repayments of

borrowings (19827075) (18192653) (7020300) (89900)

Cash payments for interest

expenses and distribution

of dividends or profits (22300634) (18993135) (23156310) (19504858)

Including: Cash payments

for dividends or profit

to minority shareholders

of subsidiaries (290352) (193050) – –

Cash payments relating to

other financing activities (1404461) (1488651) (98647) (262011)

Sub-total of cash outflows (43532170) (38674439) (30275257) (19856769)

Net cash flows from

financing activities 19961078 (13409903) 3760481 (17300931)

18Third Quarterly Report of 2024 of Midea Group Co. Ltd.

For the nine For the nine For the nine For the nine

months ended months ended months ended months ended

Item 30 September 30 September 30 September 30 September

2024202320242023

Consolidated Consolidated Company Company

IV. Effect of foreign exchange

rate changes on cash and

cash equivalents (239901) 170385 – –

V. Net increase in cash and

cash equivalents (10579630) (2060575) (5695857) (3418044)

Add: Cash and cash

equivalents at the

beginning of the period 59887260 51131968 29283158 27904229

VI. Cash and cash equivalents

at the end of the period 49307630 49071393 23587301 24486185

Legal representative: Principal in charge of accounting: Head of accounting department:

Fang Hongbo Zhong Zheng Chen Lihong

(II) Adjustments to items as at the beginning of the year in the financial statements arising

on the first time adoption of new accounting standards in 2024

□ Applicable ? Not applicable

(III) Auditors’ Report

Is the third quarterly report audited

□ Yes ? No

The third quarterly report of the Company is unaudited.The Board of Directors of Midea Group Co. Ltd.

31 October 2024

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