Quick Facts

+9.5%

Total Revenue

+14.3%

Net Profit Attributable to Owners of the Company

+4.5%

Net Operating Cash Flow

Data from 2024 Annual Report

A Letter to Shareholders

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In 2024, the world continued to evolve through uncertainty. Facing complex internal and external challenges, Midea remained focused on improving efficiency across the value chain and driving structural growth—achieving record-breaking results. Total revenue reached RMB 409.1 billion, including RMB 104.5 billion from ToB business. Net profit attributable to shareholders was RMB 38.5 billion, with operating cash flow of RMB 60.5 billion. Midea ranked 277th on the Fortune Global 500 and was again named to Fortune China’s ESG Impact List and Most Admired Companies, as well as Forbes’ list of the World’s Best Employers for the second year in a row. In 2024, Midea also successfully listed its H-shares on the Hong Kong Stock Exchange, strengthening its dual A+H capital platform to support global expansion.

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