Midea’s Preliminary Transformation Result 51% Increase in Total Revenue

According to Midea Group’s 2017 Annual Report, it achieved total revenue of RMB241.92 billion, up 51.35% compared to 2016; net profit of RMB18.61 billion, representing a year-on-year increase of 17.33%; net profit attributable to shareholders of the company of RMB17.28 billion, growing 17.70% compared to last year; and earnings per share (EPS) of RMB2.66.