Midea Group Co.,Ltd.’s Net Profit Rose 6% in First Half of 2022

Midea Group Co.,Ltd. (美的集团股份有限公司) (000333.SZ) reported a net profit of 16.1 billion yuan in the first half of 2022, up 6% year-on-year.

Meanwhile, the company posted 182.7 billion yuan in revenue, up 5% year-on-year.

At the end of the reporting period, it had 413.1 billion yuan in total assets and 272.7 billion yuan in total liabilities, with a liability-to-asset ratio of 66%.