Midea Group's revenue in the first half of 2024 was 217.274 billion yuan, a year-on-year increase of 10.3%

According to news from this site on August 20, Midea Group released its 2024 semi-annual report on the evening of August 19. It showed that the company achieved operating income of 217.274 billion yuan, a year-on-year increase of 10.30%; net profit attributable to the parent company was 20.804 billion yuan, a year-on-year increase of 10.30%. An increase of 14.11%. From the perspective of revenue composition, the HVAC business is the most important source of revenue for Midea Group. Revenue in the first half of 2024 was 101.461 billion yuan, a year-on-year increase of 10.28%; the gross profit margin was 26.35%, a year-on-year increase of 2.98%. Midea Group's revenue in the first half of 2024 for refrigerators, small appliances and other consumer appliances was 75.138 billion yuan, a year-on-year increase of 10.28%; its gross profit margin was 33.39%, a year-on-year increase of 1.40%.

First half of 2024:

1. Smart home revenue is 147.6 billion yuan, a year-on-year increase of 11%;
2. New energy and industrial technology revenue was 17.1 billion yuan, a year-on-year increase of 26%;
3. Intelligent building technology revenue was 15.7 billion yuan, a year-on-year increase of 6%;
4. Robotics and automation revenue was 13.9 billion yuan, a year-on-year decrease of 9%.

This site noticed that in 2023, Midea Group will launch the listing of Hong Kong stocks. Midea Group announced on August 9 that the Listing Committee of the Hong Kong Stock Exchange held a listing hearing on August 8 and had reviewed the company’s listing application . If all goes well, Midea Group is expected to complete its listing on the Hong Kong stock market this year.

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