Investor Day Takeaways

Goldman Sachs maintains its 'Buy' rating on Midea following an Investor Day that reinforced confidence in the company's global expansion, business diversification into 2B solutions, and robust shareholder return policies.

Key Takeaways

• 1.Management remains committed to a long-term growth strategy driven by global expansion and upgrading to higher value-added business solutions.
• 2.The company is prioritizing 2B business units, specifically intelligent building solutions, robotics, and renewable energy storage.
• 3.Midea aims to be a pioneer in AI implementation to streamline operations across its business units.

Table of Contents

• 2B/Commercial and Industrial Solutions
• 2C/Smart Home
• Investment Thesis, Valuation and Risks
• Disclosure Appendix
• Ratings, coverage universe and related definitions

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