Individual company presentation

The Midea Group, with the vision of “bringing great innovations to life”, has upheld the philosophy of creating a better life through technology since its establishment. Based on 56 years’ of development, Midea has evolved into an international tech-leading company. Over the past 10 years, nearly 100 billion yuan has been invested in R&D, with 33 R&D centers and 43 major production bases in the world. At present, Midea’s products and services have served more than 500 million customers in over 200 countries and regions.

In the first three quarters of 2024, Midea’s revenue hit 320.3 billion yuan, a 10% increase over the last year; the net profit was 31.7 billion yuan, a 14% increase over the past year. Midea now has about 190,000 employees globally and nearly 30,000 employees overseas. In 2024, Midea ranked the 277th among the Global Fortune 500, 36th among Brand Finance Tech 100.

Midea reposition its five business segments, take technology leadership as the core, realize the parallel development of ToC and ToB businesses, and promote the double qualitative change of domestic and global breakthroughs. Under the background of double cycle, domestic substitution and industrial upgrading, Midea adheres to the new strategic axis of "technology leadership, user direct access, digital intelligence drive, global breakthroughs", continues to increase investment in digitization, IoT, global breakthroughs and technological leadership, and lays out and invests in new cutting-edge technologies, and devotes itself to becoming a leader in the world's smart home and an enabler of smart manufacturing.

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Floorplan Booth

C4.170