Midea Group Co.,Ltd.’s Net Profit Rose 14.9% in First Half of 2023

Midea Group Co.,Ltd. (美的集团股份有限公司) (000333.SZ) reported a net profit of 18.5 billion yuan in the first half of 2023, up 14.9% year-on-year.

Meanwhile, the company posted 197 billion yuan in revenue, up 7.7% year-on-year.

At the end of the reporting period, it had 462.7 billion yuan in total assets and 304.5 billion yuan in total liabilities, with a liability-to-asset ratio of 65.8%.