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MIDEA GROUP CO LTDMIDEA GROUP CO LTDMIDEA GROUP CO LTD

MIDEA GROUP CO LTD

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Midea Announces the First 3 Quarters' Financial Results for 2021For the first three quarters, the domestic revenue increased by 24.7% and the overseas revenue increased by 15.51% compared with the same period last year. According to Midea's financial results for the first three quarters of 2021: - The revenue increased by 20.57% to CNY 261.342 billion, and net income attributable to the parent company was CNY 23.455 billion, with an increase of 6.53% year-on-year. Among them, Q3 revenue achieved CNY 87,532 million (up 12.66% YoY), while the net profit attributable was CNY 8,446 million (up 4.4% YoY). - The company's domestic revenue increased by 17% in the third quarter of 2021, while overseas revenue increased by 6.4%. By the end of September, the company had added more than 36,000 overseas private label outlets for the whole year. - The net cash flow from operating activities was CNY 27,897 million, with an increase by 11.52% compared to the same period last year, while its own capital amounted to CNY 128.1 billion (up 2.4% YoY). - The company's research and development expenses amounted to CNY 8,765 million, showing a year-on-year increase of 30.51%. - The online and offline shares of the domestic air-conditioning market are 34.8% and 35.8%, respectively. - The online and offline shares of washing machines are 35.2% and 27.5%, respectively. - The online and offline shares of refrigerators are 18.6% and 14.5%, respectively. Founded in 1968, Midea is a global technology group covering five business sectors. It has about 200 subsidiaries with more than 60 overseas branches and 10 strategic business units, whose products and services benefit more than 200 countries and regions around the world for over 400 million users. It was listed on the Shenzhen Stock Exchange on September 18, 2013. As of the close of trading on October 29, 2021, the company's share price edged up by 0.95% to CNY 68.77, with a market capitalization of CNY 480.2 billion, ranking first in the domestic white home appliances industry.
SZSE:000333
by EqualOcean
Midea Group Releases H1 2021 Financial ReportThe income from home appliances and electrical appliances accounts for more than 80%; the proportion of new businesses such as robots has increased. According to the interim performance report for 2021: - The operating revenue increased by 24.98%, reaching CNY 173.8 billion. - The net profit attributable to the parent company increased 7.76%, reaching CNY 15 billion. - The revenue of HVAC was CNY 76.4 billion (up 19.33%), accounting for 43.96% of the revenue. - The revenue of consumer electrical appliances was CNY 64.96 billion (up 22.4%), accounting for 37.38% of the revenue. - The revenue of robots, automation systems, and other manufacturing industries was CNY 12.69 billion (up 33.28%), accounting for the rest 7.3% of the revenue. - The gross profit margins of HVAC and consumer appliances were 20.85% (down 3.35%) and 29.6% (down 2%) respectively; while the that of robots, automation systems, and other manufacturing industries was 22.94%, achieving an increase of 3.94%. - The domestic revenue, which takes 57.45% of the total revenue, was CNY 99.85 billion, showing a year-on-year increase of 29.28%. - The revenue for the foreign market was CNY 73.96 billion, representing an increase of 19.6%, accounting for 42.55% of revenue.
SZSE:000333
by EqualOcean
High Probabily trade for Midea (Long)Hi all, Based on a number of signals suggesting upward momentum, I have initiated a long position with a Risk Reward of 2.5. Sideways support held Rising trendline support held Returned close to 200MA Long term upward trend Rising volume What makes this trade even more attractive in value for me is that the upward momentum actually started the day before, but due to a sudden announcement of COVID in Beijing, there was a small pullback. Beijing announced that is under control and I think it was just a sudden knee-jerk scare in markets. Have no fear, and take advantage of technical analysis. Trade to Win. Thanks Joey
SZSE:000333Long
by Joeyismoney