Midea posts solid H1 revenue growth

China’s leading home appliance manufacturer Midea Group saw its revenue rise 24.98 percent year on year in the first half of 2021, following strong sales growth.

Its revenue reached 173.8 billion yuan (about 26.9 billion U.S. dollars) in the January-June period, the Fortune 500 company said in an interim financial report filed with the Shenzhen Stock Exchange on Tuesday.

Over the period, the company chalked up 15 billion yuan in net profit, up 7.76 percent year on year, according to the report.

Midea said its major home appliance products expanded their shares in online and offline domestic markets in the first six months of this year. The company was the top seller of household air conditioners in both markets during the period

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.