Stock code: 000333 Stock name: Midea Group Announcement No.: 2022-031
Midea Group Co., Ltd.
Interim Report for the First Quarter 2022
Midea Group Co., Ltd. (hereinafter referred to as the “Company”) and all the members of the
Company’s Board of Directors have warranted that the information given in this Report is true, accurate
and complete, as well as free of any false record, misleading statement or material omission.
Important Reminders:
1. The Board of Directors, the Supervisory Committee as well as all the directors, supervisors and senior
management staff of the Company have warranted that this Report contains no false record, misleading
statement or material omission. And they shall be jointly and severally liable for the truthfulness,
accuracy and completeness of the information given in this Report.
2. The legal representative, principal in charge of accounting and head of the accounting department of
the Company have represented and warranted that the financial information in this Report is true,
accurate and complete.
3. Is this Report audited by a CPA firm?
□ Yes √ No
This Report has been prepared in both Chinese and English. Should there be any discrepancies or
misunderstandings between the two versions, the Chinese version shall prevail.
1. Key financial information
1.1 Major accounting data and financial indicators
Does the Company adjust retrospectively or restate accounting data of previous years?
□ Yes √ No
Jan.-Mar. 2022 Jan.-Mar. 2021 YoY Change (%)
Before Restated Restated
Operating revenue (RMB'000) 90,381,167 82,504,017 82,504,017 9.55%
Net profit attributable to shareholders of 7,177,925 6,468,588 6,468,588 10.97%
the Company (RMB'000)
Net profit attributable to shareholders of
the Company before non-recurring gains 6,993,024 6,649,368 6,649,368 5.17%
and losses (RMB'000)
Net cash flows from operating activities 7,978,986 8,553,861 8,553,861 -6.72%
(RMB'000)
Basic earnings per share (RMB/share) 1.06 0.93 0.93 13.98%
Diluted earnings per share (RMB/share) 1.05 0.92 0.92 14.13%
Weighted average ROE (%) 5.57% 5.35% 5.35% 0.22%
31 Mar. 2022 31 Dec. 2021 Change (%)
Before Restated Restated
Total assets (RMB'000) 407,842,387 387,946,104 387,946,104 5.13%
Net assets attributable to shareholders of 132,301,754 124,868,124 124,868,124 5.95%
the Company (RMB'000)
Reasons for the changes to the accounting policies:
The Company has prepared the financial statements for the year ended 31 December 2021 and for the
three months ended 31 March 2022 according to the Q&A for the Implementation of the Accounting
Standards for Business Enterprises issued by the Ministry of Finance on 2 November 2021. For
transportation costs that were incurred before the control of goods was handed over to customers and
for the purpose of executing sales contracts, the Company has reclassified them from selling and
distribution expenses to cost of sales, and has retrospectively restated the relevant data in the same
period of last year.
Total share capital of the Company on the last trading session before disclosure:
Total share capital of the Company on the last trading 6,997,053,441
session before disclosure (share)
Fully diluted earnings per share based on the latest share capital above:
Dividend paid to preference shareholders -
Fully diluted earnings per share based on the latest share 1.0258
capital above (RMB/share)
1.2 Non-recurring gains and losses
√ Applicable □ N/A
Unit: RMB’000
Item Jan.-Mar. 2022 Note
Gains and losses on disposal of non-current assets 12,679
Except for effectively hedging business related to normal
business operations of the Company, gains and losses
arising from the change in the fair value of financial assets
held for trading, derivative financial assets, financial -261,362
liabilities held for trading, derivative financial liabilities and
other non-current financial assets, as well as investment
gains and losses produced from the disposal of the
aforesaid financial assets an
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