Midea Group Co Ltd operates in the Household refrigerators and freezers sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Midea Group Co Ltd with three other
manufacturers of household appliances in Asia:
sales of 292.77 billion Japanese Yen [US$2.70 billion]
of which 26%
was Commercial refrigerator),
Haier Smart Home Co Ltd
(183.32 billion Chinese Renmimbi [US$26.04 billion]
of which 55%
was Channel Integrated services and other di), and
Changhong Meiling Co Ltd
(17.49 billion Chinese Renmimbi [US$2.48 billion]
of which 50%
was Refrigerator Freezer Washing Machine).
Midea Group Co Ltd reported sales of 261.82 billion Chinese Renmimbi (US$37.20 billion)
December of 2018.
increase of 8.2%
versus 2017, when the company's sales were 241.92 billion Chinese Renmimbi.
This was the third consecutive year of growth at Midea Group Co Ltd.
Sales of Other Segment and Unallotted Amount saw an increase
that was more than double the company's growth rate: sales were up
62.0% in 2018, from
3.84 billion Chinese Renmimbi to 6.23 billion Chinese Renmimbi.
Midea Group Co Ltd also saw significant increases in sales in
Hvac (up 14.6% to 123.75 billion Chinese Renmimbi)
Not all segments of Midea Group Co Ltd experienced an increase in sales in 2018:
sales of Robot and Automation System fell 5.1% to 25.77 billion Chinese Renmimbi.