Revenue and Profit Hit Historical High

FOSHAN, China, April 29, 2022 /CNW/ — Midea Group Co., Ltd. (000333.SZ) has published its 2021 annual report. The company’s total revenue grew 20.2% in 2021, reaching an all-time high of RMB343.4 billion.

Despite the pandemic’s numerous hurdles, including global supply chain challenges and rising costs in raw materials and shipping, Midea achieved RMB29 billion in net profit, a YoY increase of 5.5%, showing continued growth in revenue and profit.

The past year has been a showcase of Midea’s…

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