Leading the Industry
Midea Group saw operating revenue of RMB159.8 billion in 2016, a year-on-year increase of 15 percent. Net Profit was RMB15.9 billion, a year-on-year increase of 16 percent. Net profit attributable to the company was RMB14.7 billion, seeing a growth of 16%. Earnings per share were RMB2.29.
The company’s status within the industry continues to grow. Efficiency indicators and asset structures both progressed. Overall it was a year in which the group took major steps toward becoming a leading global player in consumer appliances, Heating, Ventilation and Air-Conditioning (HVAC) systems, Robot, and Industrial automation systems.
Increased Market Value
The company paid out RMB10 in dividends for every ten shares. Total dividends paid out reached RMB6.5 billion. This good performance has helped increase the company’s market value significantly.