文｜时代周报

jihaierzhijiahou，youyigebaidianjutouyaozaiganggushangshile。 

9yue12ri，meidejituan（00300.hk）zaixiangganglianjiaosuoxuanbu，jiangzai9yue9rizhi9yue12rifashouyue4.92yiguhgu，bingniyu9yue17riguapaijiaoyi。gongsimeigufaxingjiagewei52-54.8gangyuan，yujimuzi255-269yigangyuan。 

9yue13ri，meidejituanquedinghgufaxingdezuizhongjiageweimeigu54.80gangyuan，weiyuanlaiyujifaxingjiagedeshangxian，duibimeidejituan（000333.sz）9yue13rishoushijia63.51yuan，meidezaigangguzherangyue21.5%，xiangdangyudalegebazhe。 

anzaiganggugongkaifashou4.92yigujisuan，cicimeidejituanzaiganggugongkaimuzi269yigangyuan。zheijiangshinianneizuidadegangguipo。jinnianshangbannian，chabaidao（02555.hk）shizaigangguiporongziguimozuidadeqiye，danshoufamujizijinyezhiyou25.86yigangyuan。duibizhixia，meidedemujijineshichabaidaodeshibei。

zhaogushuzhongpilu，yijingyou18jiajishitouzizheshengoule36.2%degufen，yue12.56yimeiyuan（jinbaiyi）。zhongjingongsi、meilinweiipolianxibaojianren。 

erjishichangshang，gonggaopiluhou，zhengquanzhixingshujuxianshi，meidejituanzaijiaoyisuogongbudehushengutongershidachengjiaoguzhongchengjiaoeweiliediyi，dadao16.9yiyuan。jiezhi2024nian9yue13rishoupan，meidejituan(000333.sz)baoshouyu63.51yuan，shizhi4441yiyuan。 

18家基石投资者认购近百亿港元

9yue9rizhi9yue12ri，shigongsihguzaixiangganggongkaifashoudeshijian。 

meidexiangquanqiufashoude4.92yiguzhong，chubuanpaixiangganggongkaifashou2460.68wanguyuezhanquanqiufashouzongshude5%；guojifashou4.675yigu，yuezhanquanqiufashouzongshude95%。 

zai13rifaxingjiaquerenhou，xiayigejiedianjiushi9yue17ri，jieshimeidejituanjiangzaixiangganglianjiaosuoguapaibingshangshijiaoyi。 

ciqian，meidechubuquedingdejiagequjianwei52-54.8gangyuan，13ri，meidezhengshiquerengujialuozaiqujianzuigaodian。ruguoyu9yue13riagushoushijia63.51yuanxiangbi，gangguzherangyue21.5%。

“meidejituanzaiganggudedingjiajiaoweijinshen，zheikenengshijiyudangqianganggushichangzhengtidimidehuanjing。”zishenchanyejingjifenxishi、dingkejichuangshirendingshaojiangzaijieshoushidaizhoubaojizhecaifangshibiaoshi，meidexuanzeleyigexiangduiwenjiandedingjiacelve，youzhuyubimianshangshihougujiachuxianjuliebodong，zengqiangtouzizhedexinxinbingquebaomuziguochengdeshunlijinxing。 

zishenchanyejingjiguanchajialiangzhenpengzezhichu，duiyujiadianxingyezheiyangdechuantongchanyeshangshigongsi，xianggangshichangtongchangnanyijiyuguogaodeshichangyijia。 “zheiduiguminlaishuoshiyoulide，tamenkeyitouziyushiyinglvgengheli、gujiashuifengengshaodegupiao。” 

zaisanhuruchangqian，yijingyou18jiajishitouzizherengou12.56yimeiyuan（zhehegangbi97.9yigangyuan），zhanyue36.45%defashougufen。zhaogushutidao，zheixiegongsizishangshiqi6geyueneijiangbudechushouhgugufen。

meidecicidejishitouzizhezhenrongkeyichengdeshanghaohua，baokuozhongyuanhaiyun（xianggang）、ubs（ruiyin）、guodiaojijinerqi（tongguozichanguanlirenguangfazhengquanziguan）、goldenlink（biyadiquanzichigu）、dajiarenshou、tcl、idgziben、zhongyoulicaideng。 

diyidajishitouzizheshizhongyuanhaiyunkonggugufenyouxiangongsi（jianchengzhongyuanhaikong）dezigongsizhongyuanhaiyun（xianggang），rengoulefaxinggufende8.13%。zhongyuanhaikongzaiagu、hgudouyishangshi，gongsizhuyaotongguozhongyuanhaiyungangkoucongshijizhuangxianghesanzahuomatoudezhuangxieheduicunyewu。 

2021nianchu，meidejituancengyuzhongyuanhaiyunqianshuzhanlvehezuoxieyijiyunshufuwukuangjiaxieyi。jumeideguanwangjieshao，shuangfangdehezuohuizaijizhuangxiangyunshu、duandaoduanwuliugongyinglian、shuzihuazhuanxing、jizhongcaigou、cangchuziyuangongxiang、zidonghuayuzhinengzhizao、zhinenglouyuxitongdengfangmianzhankai，liangfanghaijiangzaihaiyunjiduoshilianyunfuwuyewushanghezuo。 

zhidezhuyideshi，biyadizigongsigoldenlinkyerengoule2.86%degufen，lvegaoyuguodiaojijinerqide2.78%。 

biyadihemeidezaiciqianyeyouyewulianxi。2020niandi，meideiothebiyadidilinkgongtongkaifade“chejiahulianapp”zhengshiliangxiang。meideiotchanpinjingliliweizhedangshijieshaotongguochejiduandeyuyinhechupingjiaohu，biyadichezhukeyishixianduijiazhongkongdiao、kongqijinghuaqi、dianreshuiqidengdianqidekongzhi。appzaidangshiyijingyuhan、tangdedilinkyingyongshangdianshangjia。

lingwaikukayeshibiyadidezhanlvehezuohuoban，qianzheweihouzhetigonglebaokuozhuangpeixian、hanjiexian、wuliuxiandengduogelingyudezidonghuajiejuefangan。 

2024nianyiguoduoban，jiumuqiangongkaiqingkuangkan，meidefugangshangshihenyoukenengchengweijinniangangguzuidadeipo。hgushangshihou，meidejiangchengweijihaierzhijiahoudiergedacheng“a+h”chengjiudebaidianqiye。 

70%募资投向供应链、渠道等领域

shishishang，meideyijingshidiercichongjigangjiaosuoshangshi。 

yibanlaishuo，shangshidezhuyaomudedoushimujizijin，danmeidesihuyouxiebutong。zaijinnian4yuezhaokaide2023niandugudongdahuishang，meidejituangaoguancengzhiyan，gongsixunqiuganggushangshideyuanyinbushiqueqian。 

shujumianshangqingkuangsihuqueshiruci。2023niannianbaoxianshi，meidedangnianludejinglirun337.47yiyuan。tongshi，jituanhaizai2023nianpaifaguxi175yiyuan，2023nianchanshengguxi119yiyuan。2023niannianzhong，meidezhangshanghaiyou816yiyuanhuobizijin，bi2023niannianchuzengjiale264yiyuan。 

ganggangguoqude8yue，meidefabude2024nianshangbanniancaibaoxianshi，gongsishixianyingyeshouru2172.74yiyuan，tongbizengzhang10.30%；guimujinglirunlingxianhaierzhijia、geli，dadao208.04yiyuan，tongbizengzhang14.11%。 

neime，meideweishenmeduizaigangshangshirucizhizhe？ 

dingshaojiangrenwei，ganggushangshixiyinlaidezijin，gengduohuishihaiwaiderongzi。zheixiezijindexingzhibiqixuezhongsongtan，gengxiangjinshangtianhua。“duiyumeidelaishuo，kaizhanquanqiukuozhangjihuahuigengfangbian。”tongshi，tongguohgushangshi，gongsinenggoutishengqizaiguojishangdexingxiang，zheijiangyouzhuyuqizaiquanqiushichangdebujuhefazhan。 

jinnianlai，meideyizhijiamahaiwaiyewu，shijiadianchuhaizhilushangdangzhiwukuide“paitoubing”。meidejituanzaihguzhaogushuzhongbiaoshi，2023niangongsiyingyeshouruwei3737yiyuan，quanqiuyewubianjichaoguo200geguojiahediqu，haiwaishouruzhanbi40%。zaijinnianshangbannian，haiwaishichangyingshouzengfuyijinglaidao13.09%，haiwaiyewugongxianjinbanyingshou。 

genjufuruositeshaliwenshuju，yi2023nianxiaoliangjishouruji，meideshiquanqiuzuidadejiadianqiye（quanqiushichangfenewei7.9%）jizhongguozuida（zhongguoshichangfene14.3%）、quanqiuqianwu（quanqiushichangfene6.6%）deshangyongkongdiaotigongshang。 

ciwai，meidelingyigezhongyaozhanlvefangxiangshibduanyewu。fanghongborenweizheishichuanyuezhouqi，shixianchanyeshengjide“dieryinqing”。zhaogushuzhong，meidetongyangbiaoshi，gongsiweilaihuijiangshangyejigongyejiejuefanganyewudazaoweizhinengjiajuyewuzhiwaizhongyaodezengzhangyinqing。 

meideqixiakukajituanshiquanqiusidagongyejiqirenqiyezhiyi，2023nianzhongzaijiqirenxiaoliangheshourupaimingdier，shichangfenefenbiewei18.6%ji17.9%。 

jutikan，meidemudedezijinjianganzhaoyidingbiliyongzaisigefangmian：qizhong，35%dejinejiangyongyuzhinengzhizaotixijigongyinglianguanlishengji，lingwai35%yongyuwanshanquanqiuqudao、xiaoshouwangluo，bingtigaoziyoupinpaihaiwaixiaoshou，shengyude30%jiangfenbieyongyuquanqiuyanfa（20%）heyunyingjiyibangongsiyongtu（10%）。 

zaidingshaojiangkanlai，meidejituanderongzifenpeiyuqizhanlvemubiaojibenxiangfu。“zhongdianshizhichigongsidetizhizengxiaohequanqiupinpaiyewufazhan，zheiyeyugongsishangshidejibenluojixiangyizhi。”

“美的系”出水

duiyupangdademeidexidiguolaishuo，ganggudengluyiweizheqizibenbantuyouwaikuoleyijiao。 

duonianlai，zailaobenxingjiadianlingyu，meidetongguoxianhoushougourongshida、hualing、xiaotiane、dongzhibaidian、yidaliclivet、meiguoeurekadenggongsi，rangyewuquanmianfugailekongdiao、bingxidengduogejiadianmenlei。 

buguomeidedeyexinzaoyijingbujuxianzaijiadiandeyifangtiandi。jinnianlai，meidetongyangpinpintongguobinggou、chaifenzigongsishangshidengfangshikuodagongsizaizibenshichangdeyingxiangli。 

梁振鹏在接受时代周报记者采访时指出，与传统企业通过依靠自主创新、自主研发和自主壮大的方式完成的内生式增长不同，美的近年来采取的是以外延式扩张为zhudezengzhangcelve。 

buguozaitakanlai，zheizhongtongguoshougoubutonggongsilaiwanchengxingyefugaidemoshiyouyidingdefengxian。“gongsizaixinjinrudelingyuquefaxiangyingderencai、jishu、pinpai、xiaoshouqudaoheshouhoufuwuwangluodengjilei，jingyingfengxianxiangduijiaoda。”tazhichu。 

kukajituankenengshizheizhongwaiyanshikuozhangdailaibanshengfengxiandedianxinganli。 

zuoweideguogongyejiedeyikemingzhu，kukajituankukayuabb、faneikefanucheanchuandianjiyaskawabingchengshijiesidajiqiren。 

meideduizheijiajiqirenjutoudezaoqizhenghebingbushunli。zi2016nianyilai，meidejinglilegaoyijiashougouxingchenggaoeshangyu、yejifuzengzhang、xietongzhenghejinzhanhuanmandengduozhongtiaozhan。jinjinian，zaiduonianmohehou，kukayejicaizhujianyoulehuinuanjixiang。 

zaiagu，meidetongyangtongguo“maimaimai”kongzhileduojiashangshigongsi。meideyu2020nianshougoulehekangxinneng（300048.sz）、wandongyiliao（600055.sh）2jiashangshigongsi，qianzhezhuyingyewushiqichejigongyezidonghuakongzhi，houzhezechengweimeidetaruyiliaoqixiezhanjudejudian。 

2023nian，meideyounaxiakeludianzi（002121.sz）dekongzhiquan，chiyouhouzhe22.79%degufen。 

congbannianbaochengjilaikan，zheisanjiaqiyezaibeimeideshourunangzhonghou，yinglibodongyiranbijiaoda。

yihekangxinnengweili，zai2020nianbeishougoudangnianguimujinglirunkuisun5.15yiyuan。cihoude2022nianhe2023nian，guimujinglirunfenbieyue2564wanyuanhe-2.2yiyuan，tongbijianshao49%he958.43%。buguo，2023nianxiabannian，hekangxinnengdiaozhengzhanlvebuju，duifeizhuyingyewuzhubujinxingguantingbingzhuan，zai2024h1guimujinglirundadao854.72wanyuan，tongbizengzhang471.13%。 

2019niandizhengjianhuifabudefenchaishangshixinguirangagushichangxianqileyigufenchaishangshirechao。 

zi2021nian6yuemeideqidongchaifenshangshi，zicizigongsimeizhiguangdianshangshideshenqingyijingliangtiliangche。 

qunian7yue，meidexuanbuqidongfenchaizigongsiandezhilianzaishenjiaosuozhubanshangshideqianqichoubeigongzuo。andezhilian73.85%degufenyoumeidezhilian（shanghai）gongyingliankejiyouxiangongsichiyou，erhouzheyoumeidejituan100%konggu。 

meideyezaizhaogushuzhonggengxinlezheiliangjiagongsidedongtai。meidejituanbiaoshi，muqianyikaishifenchaiqixiaandezhiliandeqianqizhunbeigongzuo，bingjihuazaihgushangshihousannianneichaifenmeizhiguangdian、jiqirenyuzidonghuaxitongxiangguanyewu，buguohouzhezanshimeiyouzhidingrenhenifenchaidexiangxijihua。 

ruguoandezhilian、meizhiguangdiandeshangshigongzuoshunli，meidejituanqixiashangshigongsishuliangjianghenkuaidadao5jia。 

ciwai，qichachashujuxianshi，meidehaitongguoqixiademeidechuangxintouziyouxiangongsichiyoubandaotiqiyejinghejicheng（688249.sh）4.39%degufen，jinghejichengzhuying12yingcunjingyuandaigongyewu。ciwai，guangdongmeidezhinengkejichanyetouzijijinguanlizhongxin（youxianhehuo）fenbiechiyouyinghuate（301272.sz）、ruidezhineng（301135.sz）、juyikeji（688162.sh）、2.73%、2.67%、2.58%ji2.18%degufen。 

suizhezibendejiangjiezhujianwaiyan，ruhezhengheziyuan，rangmeideziyuanjinyibuzhuanhuaweizichan，zaikejideweilai，shigeguanjianwenti。  

“duiyumeideeryan，jiangjinglijizhongzaizhengheheyouhuaxianyouyewushang，tishengchanpinchuangxinhezizhuyanfanengli，jiangshiyigezhongyaodefangxiang。”liangzhenpengzhichu。