Gelonghui on November 13 | According to research reports from Yuanta Securities (Hong Kong), midea group co., ltd (000333.SZ) had a net profit attributable to shareholders of 31.7 billion yuan in the first three quarters, a year-on-year increase of 14.4%. In Q3, the net profit attributable to shareholders was 10.89 billion yuan, a year-on-year increase of 14.9%, which meets company performance expectations. The domestic sales of the asia vets sector are estimated to still be under pressure, not yet reflecting the stimulus from the appliance subsidy policy, while overseas markets continue to grow rapidly. The new energy fund and industrial technology are growing quickly alongside the increase in electric vehicle sales, while the siasun robot&automation business remains weak due to investment pressures from industrial enterprises. Looking ahead to Q4, the government's promotion of the appliance trade-in policy will help steadily boost consumer demand for home appliances, which will continue to benefit the company. Expansion into overseas markets will also contribute to growth in overseas revenue. Additionally, the 2024 employee stock ownership plan is bound to the team, aiding in the improvement of profit quality. The current valuation is reasonable, with an estimated dividend yield of over 4%, and a 'buy' investment recommendation is maintained.