7 stories mentioning SHE:000333
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Midea Group (SHE:000333, HKG:0300) unit Annto Supply Chain Technology submitted an updated listing application to the Hong Kong bourse to list and deal in its shares on the stock exchange, according to a Monday bourse filing.The application was submitted through Annto's joint sponsors on June 12.Appliance manufacturer Midea Group had proposed the spinoff and separate listing of Annto in April 2025.
Midea Group (SHE:000333, HKG:0300) will cancel 552,125 restricted shares from 2022 and 2023 incentive plan participants due to resignations, performance issues or policy violations.Also, a previously approved share repurchase worth up to 13 billion yuan will now be used for share cancellation rather than equity incentives, according to a weekend filing with the Shenzhen bourse.
Midea (SHE:000333, HKG:0300) completed the issue of HK$8.62 billion each of zero-coupon convertible bonds due 2027 and 2033 on Wednesday, according to a same-day Hong Kong bourse filing.The appliance manufacturer submitted an application to list the bonds on the Vienna MTF operated by the Vienna Stock Exchange the same day.The firm will use proceeds to support international expansion and boost offshore liquidity, as well as for general corporate purposes.
Hong Kong equities rose to a near 10-week high on Thursday after U.S. President Donald Trump said Washington was making progress toward a peace deal with Iran.The Hang Seng Index rose by 412.50 points, or 1.6%, to end at 26,626.28, the best finish since Feb. 27. The Hang Seng China Enterprises Index increased by 118.73 points, or 1.4%, to 8,919.48.Trump told reporters at the White House that "it's very possible that we'll make a deal," as Tehran reviewed a U.S. peace proposal that could formally end the Middle East conflict.The latest memorandum from the U.S. would kick off discussions to unblock shipping from the Strait of Hormuz and lift sanctions on Iran in exchange for curbs on Tehran's nuclear program, Reuters reported.In local development, Hong Kong's retail sales jumped nearly 13% year on year to HK$33.9 billion in March. Meanwhile, the value of total receipts in the city's restaurant sector rose 1.1% year over year to HK$28.4 billion in the first quarter of 2026.In corporate news, Midea (SHE:000333, HKG:0300) plans to issue HK$8.62 billion of zero-coupon convertible bonds due 2027 and HK$8.62 billion of zero-coupon convertible bonds due 2033.The appliance manufacturer plans to use about 60% of the proceeds for international expansion and offshore liquidity enhancement, with the remainder for general corporate purposes.
Midea (SHE:000333, HKG:0300) proposed to issue HK$8.62 billion of zero-coupon convertible bonds due 2027 and HK$8.62 billion of zero-coupon convertible bonds due 2033, according to a Thursday Hong Kong bourse filing.The 2027 bonds carry an initial conversion price of HK$96.82 per H- share, representing a 10.4% premium to Wednesday's closing price, while the 2033 bonds have an initial conversion price of HK$115.76 per H-share, a 32% premium.Assuming full conversion, the 2027 bonds would convert into about 89.1 million Hong Kong shares, while the 2033 bonds would convert into about 74.5 million shares.Net proceeds from the offerings are expected to total about HK$17.17 billion.The appliance manufacturer plans to use about 60% of the proceeds for international expansion and offshore liquidity enhancement, with the remainder for general corporate purposes.The bonds are expected to be issued on May 13 and listed on the Vienna MTF operated by the Vienna Stock Exchange.
Midea's (SHE:000333) net profit edged up in the first quarter amid weakening demand for white goods in China.The appliance manufacturer's net profit attributable to shareholders in the first quarter rose 2% to 12.7 billion yuan from 12.4 billion yuan a year earlier, according to a Hong Kong filing on Thursday.Earnings per share increased 3.7% year on year to 1.69 yuan from 1.63 yuan. Visible Alpha analysts forecast EPS at 1.65 yuan.Profit from nonrecurring gains slid 14% to 11 billion yuan from 12.7 billion yuan. The decline could mean underlying earnings pressure despite steady cash from operations, TipRanks said in a report Thursday.Operating revenue was 131.1 billion yuan, 2.6% higher than 127.8 billion yuan in the previous year and higher than Visible Alpha analysts' forecast of 131 billion yuan.Total revenue grew to 131.6 billion yuan from 128.4 billion yuan.The top line at the company's building technology operations grew 10% to 10.8 billion yuan, while its robotics and automation revenue grew 12% to 8.2 billion yuan.However, industrial technology revenue slid 12% to 6.8 billion yuan.Domestic sales growth may have outgrown overseas performance during the quarter, CLSA reported.Demand for white goods from China may have declined in March compared with a rebound in January and February, according to a note by investment bank Jefferies released earlier in April.The appliance maker' exports may have seen pressure due to slowness in developed markets, the investment bank said.Looking forward, as domestic demand reins on the growth of domestic sales, overseas sales could rise in high single digits on a lower base, the financial services company said.Midea's upcoming cooperation with Electrolux in the refrigeration and fabric care sectors could help the Chinese company's foray into the U.S. market, CLSA said.Shares rose 1% in Hong Kong during afternoon trading on Thursday.
Midea's (SHE:000333, HKG:0300) net profit attributable to shareholders in the first quarter rose 2% to 12.7 billion yuan from 12.4 billion yuan a year earlier, according to a Hong Kong filing on Thursday.Earnings per share increased 3.7% year on year to 1.69 yuan from 1.63 yuan. Current EPS beat Visible Alpha's estimate of 1.65 yuan.Operating revenue was 131.1 billion yuan, 2.6% higher than 127.8 billion yuan in the previous year and higher than VA analysts' forecast of 131 billion yuan.