Midea earned 270.367 billion yuan in revenue in the first three quarters and 186.2 billion yuan in smart home income.

According to CTOnews.com news on October 28, Midea today released a report on the third quarter of 2022, with revenue of 270.367 billion yuan in the first three quarters of 2022, an increase of 3.45 percent over the same period last year, and net profit of 24.47 billion yuan, an increase of 4.33 percent over the same period last year.

The revenue in the third quarter was 87.706 billion yuan, up 0.20% from the same period last year, and the net profit was 8.474 billion yuan, up 0.33% from the same period last year.

According to the announcement, the income of Midea's five major business sectors in the first three quarters are respectively:

Smart home business group: 186.2 billion yuan, an increase of 1.7% over the same period last year

Industrial technology enterprise group: 17 billion yuan, an increase of 14.84% over the same period last year.

Building Technology Division: 17.9 billion yuan, an increase of 22.65% over the same period last year

Robot and Automation Division: 19.5 billion yuan, up 5.72% from the same period last year

Digital innovation business: 8.1 billion yuan, up 37.30% over the same period last year.

CTOnews.com learned that Midea's operating income in the first half of this year was 182.661 billion yuan, an increase of 5.09% over the same period last year; net profit of 15.995 billion yuan, an increase of 6.57% over the same period last year; and basic earnings per share of 2.34 yuan.