The stock price of Midea Group broke through 100 yuan to 101.95 yuan per share for the first time at around 10 am on January 4, and the total market value still exceeded 700 billion yuan as of 12:00. The breakthrough of the stock price of 100 yuan is related to the new strategy released by Midea Group at the end of last year, and the incentive stock rights of some midea group employees enter the period of suspension is the counterbalance factor of the soaring share price.

On December 30, 2020, Midea Group released a new business structure on its official WeChat account with the theme of re-starting. The overall business structure of Midea Group has changed from the four major sectors of consumer appliances, HVAC, robotics and automation systems, and innovative business to five major sectors: smart home business group, electromechanical business group, HVAC and building business unit, robotics and automation business unit and digital innovation business.

Among them, the smart home business group operates smart home appliances, smart homes and related industries, ecological chains, and undertakes the tasks of building smart scenes for C-end users, user operations and data value discovery, and provides products and services for smart homes throughout the house.

On January 4, 2021, the first trading day of the New Year, Midea Group opened at 98.9 yuan per share in the morning; the stock price quickly broke through 100 yuan to 101.95 yuan per share at about 10 o'clock, setting a record high; as of 12 o'clock, the stock price fell back to 99.95 yuan per share, up 1.53%, with a market value of 702.237 billion yuan, which is the first time that the market value has exceeded 700 billion yuan.