Today, Midea Group announced its 2021 annual report and 2022 first quarter report. According to the announcement, for the whole year of 2021, Midea Group achieved a total operating income of 343.4 billion yuan, a year-on-year increase of 20.2%; a net profit of 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%; a net profit of 7.2 billion yuan, a year-on-year increase of 10%.
Under the leadership of the management team and the efforts of all employees, Midea Group submitted a satisfactory answer during the ten-year transition: revenue exceeded 300 billion yuan for the first time, entered the Fortune Global 500 for six consecutive years, and was selected as one of the top ten industries in China by Forbes China in 2021. A digital transformation manufacturer, four factories have won the honor of "Lighthouse Factory" by the World Economic Forum; what is even more rare is that Midea Group has maintained the basic profitability of various costs such as bulk commodities, shipping logistics, and energy supply. Stability shows strong development resilience.
In the past year, Midea Group insisted on developing both ToB and ToC businesses. Among them, 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 19.7 billion yuan, a year-on-year increase of 54.8%; digital innovation business revenue was 8.3 billion yuan, a year-on-year increase of 51.4%.
Midea Group promotes the dual qualitative changes in domestic and overseas business, builds a digital, agile and innovative R&D system, promotes the "vertical efficiency improvement" of offline channels, leverages digital intelligence to achieve direct access to users, and realizes data operation and platform operation of the entire value chain. Build a global innovation ecosystem and scientist system, relying on the world's leading manufacturing level and scale advantages, and continuously achieve global breakthroughs.
Facing the future, Midea Group will speed up the stock upgrade and incremental creation. The core home appliance business will focus on the "number one strategy", insist on long-term technical investment, thoroughly promote IoT and digital transformation, accelerate product intelligent upgrade 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 smart travel, and promote Midea's transformation from a world-leading home appliance company to a technology-driven and innovation-driven technology group.
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