Midea Group Co.,Ltd.’s Net Profit Rose 14.6% in First Three Quarters of 2023

Midea Group Co.,Ltd. (美的集团股份有限公司) (000333.SZ) reported a net profit of 28.3 billion yuan in the first three quarters of 2023, up 14.6% year-on-year.

Meanwhile, the company posted 291.1 billion yuan in revenue, up 7.6% year-on-year.

At the end of the reporting period, it had 465 billion yuan in total assets and 296.8 billion yuan in total liabilities, with a liability-to-asset ratio of 63.8%.