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Midea Group's Q1 2025 financial report has made a significant impact, with total operating revenue soaring to 128.4 billion yuan, marking a year-on-year increase of 20.6%. Net profit attributable to shareholders reached 12.4 billion yuan, surging 38%, setting a new benchmark for a single quarter. Notably, the smart home business segment witnessed a revenue growth of 17.4%, while retail sales of premium brands COLMO and Toshiba soared by more than 55%. In the ToB business realm, the new energy and industrial technology sector shone brightly with a 45% increase, smart building technology grew by 20%, and the robotics and automation business expanded by 9%. International markets contributed over 40% of the total revenue, e-commerce sales surged by 50%, and the company's overseas manufacturing and R&D footprint is rapidly expanding.
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