Midea Group Co Ltd - Company Profile
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Business Description
Midea Group Co Ltd (Midea) manufactures and markets consumer appliances, HVAC systems electronic components, smart logistics and robotics and automation systems. The company market these products and solutions under Midea, MDV, Comfee, LittleSwan, eureka, and Welling brand names.
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Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
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R&D Overview
Midea's R&D focuses on breakthrough in the advanced technology research and the generic technology research. It established a three-tier technical committee system and a four-tier R&D system responsible for the formulation and implementation of technology strategies. The company has 35 R&D centers in China, with R&D employees over 30,000. As of December 2022, Midea had domestic patents over 80,000, filed applications for more than 4,000 patents around the globe. In FY2022, Midea incurred expenses of CNY12,618.5 million on R&D, which as a percentage of revenue, stood at 3.6%. It operated corporate research center in Shunde, China and artificial intelligence center in Shenzhen, China.
Business Segments
Overview
Provides industrial robots and solutions, logistic automation and transmission systems and medical care and entertainment solutions.
Performance
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Overview
Offers refrigerators, laundry equipment, and kitchen and small domestic appliances. Refrigerators include freezers, three door refrigerators, bottom freezers, single door and wine cooler products. Laundry equipment includes dishwashers, front load washing machines, top load washing machines, and tumble dryers. Kitchen and small domestic appliances include rice cookers, microwave, oven and mini oven, hood, hob, slow cooker, bread maker, electric steamer, dishwashers, and food waste disposers. Home solutions such as fans, heaters, vacuum cleaners, and steam cleaner products.
Performance
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Overview
Provides residential air-conditioning, commercial air-conditioning, and heating and ventilation systems. Residential air-conditioners comprise split, window, portable, and dehumidifier models. Light commercial air- conditioners include cassette, duct, ceiling and floor, console, floor standing and AHU models. Commercial air-conditioners include VRF System, large split, rooftop packaged, chiller system, FCU, AHU, heat pump solutions and US style specialized products. Services household air ventilation and environmental treatment needs with electric fans, exhaust fans, ceiling fans, ventilators, heaters and others.
Performance
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Performance
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Geographical Segments
Performance
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Performance
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