Midea Group chairman and CEO Fang Hongbo said at the 2025 annual meeting the company will not pursue major acquisitions for the next three years, will avoid large capital expenditures, and in principle will use annual net profit to return capital to shareholders. The company said its focus on improving investment returns remains unchanged.

2026-06-05

Midea Group chairman and CEO Fang Hongbo said at the 2025 annual meeting the company will not pursue major acquisitions for the next three years, will avoid large capital expenditures, and in principle will use annual net profit to return capital to shareholders. The company said its focus on improving investment returns remains unchanged.