Midea: net profit in the third quarter of 2023 was 9.485 billion yuan, an increase of 11.93% over the same period last year

CTOnews.com October 30 news, Midea Co., Ltd. tonight disclosed the third quarter of 2023 report.

Midea's revenue in the third quarter was about 94.122 billion yuan, up 7.32 percent from the same period last year, while its net profit was 9.485 billion yuan, up 11.93 percent from the same period last year.

The company's revenue from new energy and industrial technology from the beginning of the year to the end of the reporting period increased by 25% from 21.3 billion yuan to the end of the reporting period, and revenue from intelligent building technology increased by 19% from 21.2 billion yuan from the beginning of the year to the end of the reporting period. revenue from robots and automation increased by 17% from 22.9 billion yuan to the end of the reporting period.

CTOnews.com noted that Midea spent 10.014 billion yuan on R & D in the first three quarters of this year, compared with 8.917 billion yuan in the same period last year.