Foshan, Guangdong, China, April 29 – Today, Midea Group announced its 2021 annual report and 2022 first quarter report. According to the announcement, in 2021, Midea Group achieved a total operating income of 343.4 billion yuan, a year-on-year increase of 20.2%; The net profit was 29 billion yuan, a year-on-year increase of 5.5%. In the first quarter of 2022, Midea Group achieved a total operating income of 90.9 billion yuan, a year-on-year increase of 9.5%; The net profit was 7.2 billion yuan, a year-on-year increase of 10%.
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Under the leadership of the management team and the efforts of all employees, Midea Group submitted a satisfactory answer sheet on the occasion of the transformation of ten years: its revenue exceeded 300 billion yuan for the first time, it entered the world's top 500 for six consecutive years, was selected as one of the top ten industrial digital transformation enterprises in China by Forbes China in 2021, and four factories won the honor of "Lighthouse Factory" by the World Economic Forum; What is even more rare is that in the case of a significant increase in various costs such as bulk commodities, shipping logistics, and energy supply, Midea Group still maintains the basic stability of profitability, demonstrating strong development resilience.
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In the past year, Midea Group insisted on the equal development of ToB and ToC businesses, of which the revenue of robotics and automation business was 25.3 billion yuan, a year-on-year increase of 22.8%; the revenue of industrial technology business was 20.1 billion yuan, a year-on-year increase of 43.5%; the revenue of building technology business was 19.7 billion yuan, a year-on-year increase of 54.8%; The revenue of digital innovation business was 8.3 billion yuan, a year-on-year increase of 51.4%. Midea Group promotes the dual qualitative changes of domestic and overseas business, builds a digital and agile R&D system, promotes the "vertical efficiency improvement" of offline channels, leverages digital intelligence to drive direct users, realizes data operation and platform operation of the whole value chain, builds a global innovation ecosystem and scientist system, and continuously achieves global breakthroughs by relying on the world's leading manufacturing level and scale advantages.
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Facing the future, Midea Group will accelerate the upgrading of stock and incremental creation, focus on the "Digital One Strategy" in the core home appliance business, adhere to long-term technology investment, thoroughly promote IoT and digital transformation, accelerate product intelligent upgrading and overall smart home business improvement; Establish the second growth curve, build a new growth track, accelerate the ignition of the four core engines of robotics and automation, building technology, energy management, and intelligent travel, and promote Midea's upgrading and transformation from a world-leading home appliance company to a technology-driven and innovation-driven technology group.