Midea Group Reports Q1 2025 Results: Revenue Hits RMB128.4B with 38.0% Net Profit Growth
The first-quarter 2025 financial results. Delivered robust growth by focusing on core businesses, achieving total revenue of RMB128.4 billion, a 20.6% year-over-year increase. Net profit attributable to shareholders surged 38.0% to RMB12.4 billion, with net profit margin rising 1.4 percentage points to 9.9%, demonstrating strong operational momentum.
🌟 Highlights:
• Cross-border e-commerce sales grew over 50%
• Established Asia-Pacific HQ in Thailand and Saudi Center for localized operations
• AIGC implementation improved overseas service efficiency by 15%
• Showcased smart solutions at CES, KBIS, and ISH exhibitions
• Energy Solutions & Industrial Technology: Revenue reached RMB 11.1 billion (+45%), with Welling Auto Parts launching Mexico production base
Tag Archives: midea
Midea results
Midea Group a global leader in smart home appliances and commercial & industrial solutions, today we announced record-breaking 2024 annual results, with revenue reaching RMB 409.1 billion (up 9.5% YoY). Net profit attributable to shareholders surged 14.3% to RMB 38.5 billion, while operating cash flow hit a historic high of RMB 60.5 billion, underscoring strong operational efficiency.
EU gives Midea green light to buy Teka, KĂĽppersbuschEU gives Midea green light to buy Teka, KĂĽppersbusch
Good news for Midea! European regulators have approved their purchase of the Teka Group, a well-known maker of kitchen appliances. This means Midea now owns brands like Teka, KĂĽppersbusch, and Intra, and will oversee Teka’s 10 factories around the world. Teka, which has offices in 33 countries and employs 3,000 people, had a turnover of €660 million last year. This acquisition marks a big step for Midea as they expand their reach in the kitchen appliance industry.
Midea TasteXpress Range Series
The TasteXpress™ range series embodies Midea’s commitment to providing surprisingly friendly solutions for consumers by combining the most advanced technology. Featuring cutting-edge innovations like XpressFry technology and MegaMax capacity, the TasteXpress™ range series deliver outstanding cooking performance, allowing users to prepare meals quickly without sacrificing taste or quality. Whether you’re air frying crispy snacks, baking a roast, or simmering a stew, the TasteXpress™ range series is built to meet the demands of the busiest kitchens.
XpressFry Technology for Crispy, yet Faster Cooking
One of the standout features of the TasteXpress™ Range Series is the incorporation of Midea’s proprietary XpressFry technology – unique feature designed to enhance cooking speed while maintaining exceptional food quality. The XpressFry system utilizes a powerful air fry function, which distributes heat evenly throughout the oven, ensuring that your meals cook faster and more uniformly than traditional methods. Convection technology further supports even cooking, making your food crisp and perfectly cooked in less time.
This advanced technology is ideal for preparing crispy, golden meals like fries, chicken wings, and roasted vegetables in less time. XpressFry reduces cooking time by evenly wrapping food with rapid heat from every direction, achieving a crispy, perfectly cooked result in a fraction of the time. With the TasteXpress™ Range, home cooks can enjoy restaurant-quality meals without the lengthy wait times typically associated with traditional cooking methods.
MegaMax Capacity for Cooking More at Once
The TasteXpress™ Range Series is designed with the modern home chef in mind. With MegaMax capacity, the series provides an expansive cooking space that allows you to prepare large batches of food all at once. Whether you’re preparing a family-sized meal, hosting a dinner party, or batch cooking for the week, the increased oven capacity ensures that you can cook more, saving time and energy.
With 6.3 cubic feet of space in select models (New electric 5-element FSR, stainless, MER30S5AST), the TasteXpress™ Range Series can accommodate everything from multiple casserole dishes to large roasts and pizzas, making it easier than ever to cook for larger gatherings. The 5-element cooktop in select models further enhances the range’s capacity, providing ample space to cook multiple dishes simultaneously, whether you’re boiling, sautĂ©ing, or simmering.
Efficient replacement for traditional home water heate
Midea recently announced the launch of a new highly efficient heat pump water heater that will soon be available in North America, PR Newswire reported.Midea’s new heat pump water heater can produce up to four kilowatts of heat for every kilowatt of power input, the company said. A traditional electric water heater produces up to one kilowatt of heat for every kilowatt of power input.
Heat pump water heaters use electricity to transfer heat from the surrounding air to water inside a storage tank. Because they work by transferring heat around instead of generating new heat, they are much more efficient than traditional heating methods
Midea profit
Midea increased its revenue by 8% in the third quarter of 2024 compared to the third quarter of 2023: 103 billion yuan, equal to 13.3 billion euros. Profit rose more than proportionally (15%) to 11 billion yuan equal to 1.4 billion euros with a margin of 11%
In the first nine months of the year, sales were almost 10% higher than in the first nine months of 2023, and profit was 14.4% higher
Midea new factory Brazil
Midea has launched its second home appliance factory in Brazil, now with an annual production capacity of over 1 million units, marking a new milestone in #manufacturing capabilities. 🎉
With an integrated system for production, R&D, and sales, Midea has created a nationwide network of sales and after-sales channels to meet local market needs and foster #innovation.
Moving forward, Midea will continue to focus on product innovation and market share growth in Brazil, while deepening local production capacity and supply chain, further enhancing competitiveness across South America
Midea eyes bigger global market share
Midea Group, the world’s largest maker of white goods by sales, is eyeing significant global expansion of its sales network to encompass 40 countries by 2025.
Fresh off raising US$4.6 billion in Hong Kong’s largest initial public offering (IPO) in more than 3 years the Foshan-headquartered company is looking to markets like Saudi Arabia, Brazil and Africa as part of a focus on burgeoning economies with substantial growth potential, according to Lewis Fu, the company’s president of international business.
The company, which gets almost half of its revenue from overseas markets, relies on outside retail operators in some regions. But it plans to expand its global operations and do a “better job” with its own retail network, particularly in emerging markets where the “growth potential is large”.
“Currently, we have our own sales subsidiaries and organisations in about 30 countries worldwide,” Fu said during a press tour on Thursday. “In the future, we will expand to more than 40.Midea has about 44 manufacturing bases worldwide, half of which are outside China, with more manufacturing facilities “under way in the coming years”, Fu said.
Midea to raise at least $3.5 billion in Hong Kong
Midea ‘s IPO has started on the Hong Kong stock exchange. The group’s shares were listed only on the Chinese Shenzen stock exchange, where many investors prefer not to buy. The entry into the Hong Kong stock exchange would put Midea on the same level as other large listed groups: Whirlpool or Electrolux as a group investable in electronics and household appliances. Midea is expected to raise at least $3.5 billion with this share issue. It is the largest IPO in Hong Kong since 2022.
Midea is currently valued at 432 billion yuan, 54 billion euros, nearly 12 times Whirlpool and 24 times Electrolux . The stock has grown 15% over the course of 2024.
Midea Unveils Groundbreaking Multifunctional Built-In Oven
Midea, a global leader in home appliances, proudly introduced its latest innovation at the IFA exhibition—the Midea One Oven Series. This cutting-edge series of multifunctional built-in ovens is designed to streamline the modern kitchen by seamlessly integrating multiple cooking methods into one sleek, professional-grade appliance. Available in two models, the 7NT30E4 and TR850E-TV0E00, the Midea One Oven Series combines advanced technology with sophisticated design, setting a new standard for versatility and performance.
The Midea One Oven Series isn’t just versatile; it is an unmatched powerhouse in the kitchen. This multifunctional built-in oven incorporates microwave, steam, bake, and air fry capabilities, all housed within an enamel cavity that is more resistant to scratches, easier to clean, and less prone to yellowing than traditional stainless steel. With multiple design and technology patents, this product ensures that no compromise is made in performance while offering a wide range of cooking functions. It stands as a leading multifunctional oven in the industry.
Smart AI Cooking Technology
At the heart of the Midea One Oven Series is its groundbreaking AI cooking technology. This intelligent algorithm takes cooking to the next level by adapting to the specific heating needs of food at different stages of preparation. Whether raising the temperature, achieving doneness, pre-searing to seal in juices, or browning, the AI-driven cooking curve ensures that every dish is cooked to perfection, delivering results that are simply mouthwatering. This multifunctional integration has enabled AI-enhanced hybrid modes that take the best of every cooking method option and combine them for revolutionary results.
Seamless IoT Integration
In keeping with the demands of the modern, connected home, the Midea One Oven Series is equipped with IoT capabilities. Compatible with the SmartHome App, users can remotely monitor cooking progress, access a rich cloud-based recipe library, and even control the oven using Alexa voice commands. This integration ensures that the Midea One Oven is not just a kitchen appliance but a central part of a smart, efficient lifestyle.
Modern Design and Intuitive Touch Control
The Midea One Oven Series features two ultra-high-definition 12-inch color touchscreens for smooth, effortless operation. The intuitive design, coupled with the appliance’s full-glass finish and minimalist aesthetics, makes it a perfect fit for any modern kitchen.
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