Midea Group Co. Ltd. Annual Results: Standalone & Consolidated Reports

Annual Results

Results Snapshot

Figures in Million

Consolidate Annual Results

Dec'24

Dec'23

Dec'22

Dec'21

Dec'20

Dec'19

Dec'18

Net Sales

4,06,964.64

3,71,893.30

3,44,142.82

3,41,751.44

2,84,176.08

2,77,659.89

2,60,202.07

Other Operating Income

0.00

Total Operating income

4,06,964.64

3,71,893.30

3,44,142.82

3,41,751.44

2,84,176.08

2,77,659.89

2,60,202.07

Raw Material Cost

2,99,589.97

2,76,444.64

2,60,595.84

2,64,626.08

2,12,951.73

1,98,048.18

1,88,357.26

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

0.00

Power Cost

0.00

Manufacturing Expenses

2,473.27

2,808.10

1,943.14

1,593.67

1,471.35

1,044.41

818.12

Selling and Distribution Expenses

53,225.79

45,554.70

40,837.12

39,289.55

37,086.18

44,239.04

40,833.81

Other Expenses

1,375.95

1,177.52

1,067.54

1,042.12

864.73

859.37

755.91

Total Expenditure (Excl Depreciation)

3,69,048.53

3,36,582.65

3,14,051.47

3,15,930.54

2,60,156.58

2,51,925.35

2,37,568.27

Operating Profit (PBDIT) excl Other Income

37916.1

35310.700000000004

30091.399999999998

25820.9

24019.5

25734.5

22633.800000000003

Other Income

8,629.62

7,582.88

6,959.33

9,586.98

7,602.96

4,243.51

4,690.08

Operating Profit (PBDIT)

55,227.57

50,168.00

43,110.01

41,143.39

36,287.03

34,835.11

31,881.30

Interest

2,473.27

2,808.10

1,943.14

1,593.67

1,471.35

1,044.41

818.12

Exceptional Items

912.19

-414.57

-311.29

-210.01

1,465.59

800.45

-821.99

Gross Profit (PBDT)

1,07,374.67

95,448.67

83,546.98

77,125.36

71,224.35

79,611.71

71,844.81

Depreciation

7,823.84

7,348.92

6,507.92

6,182.85

5,020.26

5,168.26

4,817.46

Profit Before Tax

45,842.65

39,596.40

34,347.65

33,156.86

31,261.01

29,422.89

25,423.74

Tax

7,932.53

6,531.81

5,145.70

4,702.17

4,157.00

4,651.97

4,122.64

Provisions and contingencies

0.00

Profit After Tax

38,453.30

33,653.78

29,489.95

28,491.50

27,158.04

24,170.13

20,207.24

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

38,453.30

33,653.78

29,489.95

28,491.50

27,158.04

24,170.13

20,207.24

Share in Profit of Associates

0.00

Minority Interest

219.98

25.42

256.72

441.73

283.57

1,065.92

1,419.64

Other related items

0.00

Consolidated Net Profit

38,673.27

33,679.20

29,746.67

28,933.22

27,441.61

25,236.05

21,626.88

Equity Capital

0.00

Face Value

1.0

Reserves

2,16,750.06

1,62,878.83

1,42,935.24

1,24,868.12

1,17,516.26

1,01,669.16

83,072.12

Earnings per share (EPS)

5.41

4.93

4.33

4.14

3.9

3.58

3.05

Diluted Earnings per share

5.41

4.93

4.33

4.14

3.9

3.58

3.05

Operating Profit Margin (Excl OI)

9.53%

9.47%

8.61%

7.42%

8.33%

9.16%

8.6%

Gross Profit Margin

13.19%

12.62%

11.87%

11.51%

12.77%

12.46%

11.62%

PAT Margin

9.45%

9.05%

8.57%

8.34%

9.56%

8.7%

7.77%

Public Share Holdings (%)

0.0%

Pledged Promotor Holding (%)

0.0%

Annual Analysis Highlights

Net Sales

YoY Growth in year ended Dec 2024 is 9.43% vs 8.06% in Dec 2023

Consolidate Net Profit

YoY Growth in year ended Dec 2024 is 14.83% vs 13.22% in Dec 2023

Operating Profit (PBDIT) excl Other Income

YoY Growth in year ended Dec 2024 is 9.42% vs 17.80% in Dec 2023

Interest

YoY Growth in year ended Dec 2024 is -11.92% vs 44.52% in Dec 2023

Operating Profit Margin (Excl OI)

YoY Growth in year ended Dec 2024 has improved from Dec 2023

Compare Annual Results Of Midea Group Co. Ltd. With

Select Peers

Figures in Million

Consolidate Annual Results

Change(CNY)

Change(%)

Net Sales

4,06,964.64

Other Operating Income

0.00

Total Operating income

4,06,964.64

Raw Material Cost

2,99,589.97

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

0.00

Power Cost

0.00

Manufacturing Expenses

2,473.27

Selling and Distribution Expenses

53,225.79

Other Expenses

1,375.95

0.00

1,375.95

Total Expenditure (Excl Depreciation)

3,69,048.53

Operating Profit (PBDIT) excl Other Income

37,916.11

0.00

37,916.11

Other Income

8,629.62

Operating Profit (PBDIT)

55,227.57

Interest

2,473.27

Exceptional Items

912.19

Gross Profit (PBDT)

1,07,374.67

Depreciation

7,823.84

Profit Before Tax

45,842.65

Tax

7,932.53

Provisions and contingencies

0.00

Profit After Tax

38,453.30

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

38,453.30

Share in Profit of Associates

0.00

Minority Interest

219.98

Other related items

0.00

Consolidated Net Profit

38,673.27

Equity Capital

0.00

Face Value

1.00

0.00

Reserves

2,16,750.06

Earnings per share (EPS)

5.41

Diluted Earnings per share

5.41

Operating Profit Margin (Excl OI)

9.53%

0.00

9.53%

Gross Profit Margin

13.19%

0.00

13.19%

PAT Margin

9.45%

0.00

9.45%

Public Share Holdings (%)

0.00

0.00%

Pledged Promotor Holding (%)

0.00

0.00%

Annual - Net Sales

Net Sales 40,696.46 Million

in Dec 2024

Figures in Million

YoY Growth in year ended Dec 2024 is 9.43% vs 8.06% in Dec 2023

Annual - Consolidate Net Profit

Consolidate Net Profit 3,867.33 Million

in Dec 2024

Figures in Million

YoY Growth in year ended Dec 2024 is 14.83% vs 13.22% in Dec 2023

Annual - Operating Profit (PBDIT)

Operating Profit (PBDIT) 4,659.80 Million

in Dec 2024

Figures in Million

YoY Growth in year ended Dec 2024 is 9.42% vs 17.80% in Dec 2023

Annual - Interest

Interest 247.33 Million

in Dec 2024

Figures in Million

YoY Growth in year ended Dec 2024 is -11.92% vs 44.52% in Dec 2023

Annual - Operating Profit Margin (Excl OI)

Operating Profit Margin (Excl OI) 9.53%

in Dec 2024

Figures in %

YoY Growth in year ended Dec 2024 has improved from Dec 2023