Midea Group saw its revenue rise 7.67 percent year on year in the first three quarters of 2023,The company realized a total net profit of 27.7 billion yuan during the period, up 13.27 percent year on year, according to the report.

In the third quarter alone, Midea Group achieved a revenue of 94.1 billion yuan, a year-on-year increase of 7.32 percent, and a net profit of 9.5 billion yuan, a year-on-year increase of 11.93 percent.

To date, the Fortune 500 company has 31 research and development centers and 40 major production bases worldwide.