Midea Group Breaks Revenue and Profit Records with RMB 373.7 Billion in 2023

Financial Post

Lean Right

Mixed Factuality

Individual: Leon Cooperman

Corporation: Allianz

Midea Group Breaks Revenue and Profit Records with RMB 373.7 Billion in 2023

FOSHAN, China -- Midea Group, the world's largest home appliance supplier, has reported impressive growth and record profits in its 2023 annual report. The company achieved a total revenue of RMB 373.7 billion, representing a year-on-year increase of 8.10%. Concurrently, the net profit attributable to shareholders reached RMB 33.7 billion, a year-on-year increase of 14.10%, marking the largest growth since 2019.