2020-10-31

Midea Group’s revenue fell 1.88%in the first three quarters

By yqqlm yqqlm

Beijing Commercial Daily News (Reporter Feiyue Shi) On the evening of October 30th, Midea Group announced the third quarter results announcement In the first three quarters of 2020, revenue was approximately 216.761 billion yuan, a year-on-year decrease of 1.88%; net profit was approximately 22.018 billion yuan, a year-on-year increase of 3.29%; basic earnings per share were 3.18 yuan, a year-on-year decrease of 0.63%.

Midea Group once stated in the semi-annual report that the current global epidemic and the world economic situation are still severe and complex. The challenges facing economic development are unprecedented, but in the medium and long term, the upgrading of industrial structure, the stable income of residents, the diversification of consumption, the development of green and smart industries by national policies, and the upgrading of product standards in the home appliance industry will bring new opportunities and growth point.