Midea Group’s 2022 annual report: total operating income of 345.7 billion yuan, net profit of 29.6 billion yuan

IT House reported on April 30 that Midea Group released its 2022 annual report. The company’s total operating income was 345.7 billion yuan, a year-on-year increase of 0.68%, and the net profit attributable to the parent company was 29.6 billion yuan, a year-on-year increase of 3.43%. Among them, HVAC business revenue was 150.6 billion yuan, a year-on-year increase of 6.17%, accounting for 43.8% of total revenue; consumer electronics business revenue was 125.3 billion yuan, a year-on-year decrease of 4.99%, accounting for 36.43% of total revenue; robot business was 29.9 billion yuan, a year-on-year increase 9.70%.

The revenues of the industrial technology business group, the building technology business unit, and the robotics and automation business unit during the reporting period were 21.6 billion yuan, a year-on-year increase of 7%, 22.8 billion yuan, a year-on-year increase of 16%, and 27.7 billion yuan, a year-on-year increase of 10%.

IT House obtained from the annual report that the net cash flow generated by Midea Group’s investment activities decreased by 199.34% year-on-year, mainly due to the decrease in cash received from recovering investments; the net cash flow generated by financing activities increased by 65.21% year-on-year, mainly due to It was due to the increase in cash received from borrowings; the net increase in cash and cash equivalents decreased by 37.76% year-on-year, mainly due to the decrease in net cash flow from investing activities.

Midea Group’s overseas sales revenue was 142.645 billion yuan, accounting for 41.48% of total revenue, a year-on-year increase of 3.63%. In 2022, more than 3,000 new cooperative customers will be added; overseas e-commerce sales revenue will increase by 14% year-on-year.