MIDEA GROUP (00300) announced its interim results for the six months ended June 30, 2025, reporting revenue of RMB 252.331 billion, representing a year-on-year increase of 15.68%. Net profit attributable to shareholders reached RMB 26.014 billion, up 25.04% compared to the same period last year. The company proposed an interim dividend of RMB 5 per 10 shares.
In the first half of 2025, despite the continued boost from trade-in subsidy policies that helped restore consumer demand in the domestic home appliance market, industry competition around "user traffic" and "product pricing" continued to intensify. Meanwhile, overseas markets faced ongoing challenges due to trade protectionism, exchange rate fluctuations, and persistent geopolitical conflicts. MIDEA GROUP firmly implemented its annual business strategy of "promoting growth through simplification and facing challenges through self-disruption," continuing to focus on core businesses and products. The company achieved particularly significant results in overseas business development, with overall group scale expanding further and core indicators such as profitability and cash flow improving, demonstrating Midea's operational resilience and long-term high-quality growth trajectory.
Based on its corporate vision of "Technology for Good, Life for Better," Midea continued to increase R&D investment and strengthen the implementation of its "three generations" development approach. Through differentiated innovative products, the company drove structural upgrades and achieved high-quality growth in global markets. Based on user needs and consumption trends, Midea provides users with differentiated whole-house smart solutions that deeply integrate "smart home appliances + smart home systems," supporting the breakthrough of dual high-end brands. The company assists its overseas OBM priority strategy by continuously strengthening overseas R&D centers and manufacturing bases, enhancing brand influence through localized innovation, localized manufacturing, and localized independent brands.
Midea continues to increase R&D investment, optimize its "three generations" R&D model, and improve the operational mechanism of its research organization. The company promotes the development of key elements in research organizations across four dimensions: Technologies, People, Projects, and Processes (referred to as TP3 elements). This drives research organizations to reasonably deploy project portfolios in frontier technology exploration, core technology breakthroughs, and technology project transformation, promoting the integration of technology strategy with medium and long-term product planning, and driving industrial development through the dual engines of technology and products.