Midea Group's net profit in the first half of 2023 reached 18.232 billion yuan, a year-on-year increase of 13.98%

The 2023 semi-annual performance report was released by Midea Group on the evening of August 30

According to the report, Midea Group achieved a total operating income of 197.8 billion yuan in the first half of the year, of which the total revenue in the second quarter Revenue reached 101.2 billion yuan, setting a record high for Midea’s revenue in a single quarter.

Midea Group achieved impressive results during the reporting period. Total operating income reached 197.8 billion yuan, a year-on-year increase of 7.69%. Net profit attributable to the parent company exceeded 18.2 billion yuan, a year-on-year increase of 13.98%. It is particularly worth mentioning that the net operating cash flow in the first half of the year exceeded 29.8 billion yuan, a year-on-year increase of 39.22%. These data show that Midea Group has made significant progress in operations

Midea Industrial Technology’s revenue for the reporting period was 13.6 billion yuan, a year-on-year increase 12%. Building technology revenue for the reporting period was 14.8 billion yuan, a year-on-year increase of 21%. Robotics and automation revenue for the reporting period was 15.2 billion yuan, a year-on-year increase of 24%

According to reports, Midea has always maintained a leading position in the smart home field. In the first half of the year, Midea ranked first in the industry in terms of online and offline market share in seven categories, including household air conditioners, desktop microwave ovens, desktop ovens, electric heaters, induction cookers, electric kettles and electric fans. Among them, Midea’s e-commerce sales accounted for more than 48% (including the sinking of e-commerce), and it deepened its layout on interest e-commerce platforms and achieved new growth

Midea Group’s overseas revenue in the first half of the year accounted for increased by 40.88%, and the gross profit margin of overseas business also increased by 3.3%

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