Home appliance giant reports net profit increase

GUANGZHOU — China's home appliance giant Midea Group posted a 14 percent year-on-year increase in net profit attributable to shareholders, reaching 43.95 billion yuan ($6.4 billion) in 2025, according to the company's annual financial report.

The group achieved total revenue of 458.5 billion yuan over the same period, up 12.1 percent from a year earlier, according to the report to the Shenzhen Stock Exchange on Tuesday.

Its overseas revenue reached 195.9 billion yuan, up 15.9 percent year-on-year, the report said.

It said that in 2025, Midea held the world's largest market share in unit sales of household air conditioner compressors, household air conditioner motors and washing machine motors.

It also ranked first in domestic market share in the central air conditioning sector.

Empowered by AI, the company improved efficiency by more than 15 million hours and cut costs by 700 million yuan in 2025. The group plans to invest over 60 billion yuan in cutting-edge research over the next three years to strengthen its global competitiveness.

In addition, the company has unveiled five humanoid robot models, which are gradually being deployed in factories for quality inspection, equipment patrols and other tasks, marking a key step from laboratory research to industrial application.

Xinhua - China Daily