
MIDEA GROUP 1Q Net Profit RMB12.675 billion, Up 2%

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MIDEA GROUPreported a 2% increase in net profit for Q1, reaching RMB12.675 billion. Revenue rose by 2.6% YoY to RMB131.099 billion. The company's Building Technologies, Robotics and Automation, and Industrial Technology segments generated revenues of RMB10.8 billion, RMB8.2 billion, and RMB6.8 billion, with respective YoY changes of +10.1%, +11.8%, and -11.7%.
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