Midea Group Co.,Ltd.’s Net Profit Rose 4.2% in First Three Quarters of 2022

Midea Group Co.,Ltd. (美的集团股份有限公司) (000333.SZ) reported a net profit of 24.7 billion yuan in the first three quarters of 2022, up 4.2% year-on-year.

Meanwhile, the company posted 270.4 billion yuan in revenue, up 3.4% year-on-year.

At the end of the reporting period, it had 417.5 billion yuan in total assets and 268.6 billion yuan in total liabilities, with a liability-to-asset ratio of 64.3%.