May 05, 2023 08:00 AM

Midea Group Co.,Ltd.’s Net Profit Rose 12.7% in First Quarter of 2023

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Midea Group Co.,Ltd. (美的集团股份有限公司) (000333.SZ) reported a net profit of 8.1 billion yuan in the first quarter of 2023, up 12.7% year-on-year.

Meanwhile, the company posted 96.3 billion yuan in revenue, up 6.3% year-on-year.

At the end of the reporting period, it had 441.1 billion yuan in total assets and 279.6 billion yuan in total liabilities, with a liability-to-asset ratio of 63.4%.

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