Stock code: 000333 Stock name: Midea Group Announcement No.: 2022-097
Midea Group Co., Ltd.
Interim Report for the Third 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
July-September YoY Change (%) January- YoY Change (%)
2022 September 2022
Operating revenue (RMB'000) 87,705,744 0.20% 270,366,753 3.45%
Net profit attributable to
shareholders of the Company 8,474,425 0.33% 24,469,921 4.33%
(RMB'000)
Net profit attributable to
shareholders of the Company 8,374,107 5.63% 24,065,619 6.65%
before non-recurring gains and
losses (RMB'000)
Net cash flows from operating —— —— 29,472,352 5.65%
activities (RMB'000)
Basic earnings per share 1.25 0.81% 3.59 5.28%
(RMB/share)
Diluted earnings per share 1.24 0.81% 3.58 5.60%
(RMB/share)
Weighted average ROE (%) 6.46% -0.84% 18.36% -1.15%
30 September 2022 31 December 2021 Change (%)
Total assets (RMB'000) 417,453,076 387,946,104 7.61%
Net assets attributable to
shareholders of the Company 139,231,869 124,868,124 11.50%
(RMB'000)
Notes: Profit from operation was RMB9.98 billion during the three months ended 30 September 2022,
representing a year-on-year increase of 14.3%, and that for the nine months ended 30 September
2022 was RMB28.84 billion, representing an increase of 10.9% from a year ago. Profit from operation
is operating profit less investment income and gains/losses on changes in fair value.
The Company’s five business segments, namely the Smart Home Business Group, the Industrial
Technology Business Group, the Building Technologies Division, the Robotics & Automation Division,
and the Digital Innovation Business recorded revenue of RMB186.2 billion (up 1.70% year-on-year),
RMB17 billion (up 14.84% year-on-year), RMB17.9 billion (up 22.65% year-on-year), RMB19.5 billion
(up 5.72% year-on-year), and RMB8.1 billion (up 37.30% year-on-year) respectively during January-
September 2022.
1.2 Non-recurring gains and losses
√Applicable □N/A
Unit: RMB’000
Item July-September 2022 January-September Note
2022
Gain or loss from disposal of non-currentassets -20,859 1,297
Except for effectively hedging business related to
normal business operations of the Company, gain or
loss arising from the change in the fair value of
financial assets held for trading, derivative financial
assets, financial liabilities held for trading, derivative -241,045 -675,386
financial liabilities, and other non-current financial
assets, as well as investment income or loss
produced from the disposal of the aforesaid financial
assets and liabilities
Other non-operating income and expenses except 316,391 1,088,768
above-mentioned items
Less: Corporate income tax -56,616 -26,521
Minority interests (after tax)