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Blue Whale TMT Channel, October 28, Midea Group disclosed its third-quarter report today. According to the financial report, the company achieved operating income of 87.706 billion yuan in the third quarter, a year-on-year increase of 0.2%; net profit was 8.474 billion yuan, a year-on-year increase of 0.33%.
According to the financial report, Midea achieved revenue of 270.367 billion yuan in the first three quarters, a year-on-year increase of 3.45%; net profit was 24.47 billion yuan, a year-on-year increase of 4.33%.
In 2020, Midea adjusted its business structure and changed the four major business segments of consumer appliances, HVAC, robotics and automation systems, and innovative businesses into five new business segments, including smart home business group, industrial technology business group, and building business group. Technology Division, Robotics and Automation Division and Digital Innovation Business.
In the first three quarters of this year, the company’s five major business segments, smart home business group, industrial technology business group, building technology business department, robotics and automation business department, and digital innovation business revenue were 186.2 billion yuan, an increase of 1.70% year-on-year, and 17 billion yuan, an increase of 14.84% year-on-year. %, 17.9 billion yuan increased by 22.65% year-on-year, 19.5 billion yuan increased by 5.72% year-on-year, and 8.1 billion yuan increased by 37.30% year-on-year.