April 29, 2025—Midea Group(000333.SZ 0300.HK) announced its first-quarter 2025 financial results. The company delivered robust growth by focusing on core businesses, achieving total revenue of RMB 128.4 billion, a 20.6% year-over-year increase. Net profit attributable to shareholders surged 38.0% to RMB 12.4 billion, with net profit margin rising 1.4 percentage points to 9.9%, demonstrating strong operational momentum.
Shareholder Returns: Cumulative Dividends Exceed RMB 134B
Midea continued its shareholder-friendly policies, following March's RMB 5-10 billion buyback plan and RMB 35 per 10 shares dividend with a new RMB 1.5-3 billion repurchase program announced in April. Since its 2013 IPO, the company has distributed over RMB 134 billion in dividends.
ToB Business as Growth Engine: Energy Solutions & Industrial Technology Up 45% YoY
ToB segment revenue grew 25.3% overall:
- Energy Solutions & Industrial Technology: Revenue reached RMB 11.1 billion (+45%), with Welling Auto Parts launching Mexico production base.
- Intelligent Building Technology: RMB 9.9 billion (+20%), completing acquisitions of Arbonia's climate division and Toshiba Elevator China.
- Robotics & Automation: RMB 7.3 billion (+9%), KUKA China orders jumped over 35% and secured EURO 50M+ European projects.
- Midea Medical : Officially elevated to Midea's sixth core business unit.
- Annto Logistics: Annto Logistics plans Hong Kong IPO spin-off.
Global Expansion: E-commerce Up 50%
- Established Asia-Pacific HQ in Thailand and Saudi Center for localized operations
- Showcased smart solutions at CES, KBIS, and ISH exhibitions
- Cross-border e-commerce grew over 50%
- AIGC implementation improved overseas service efficiency by 15%
Domestic Leadership: Premium Brands Jump over 55%
- Smart home revenue rose 17.4%, with #1 market share in 9 categories in 2024.
- COLMO and Toshiba dual premium brands saw 55%+ retail growth
- Launched industry-first innovations: DeepSeek AI AC and multi-drum washer-dryer