Midea Group Co., Ltd.
Semi-Annual Report 2023
August 2023
Midea Group Co., Ltd. Semi-Annual Report 2023
Section I Important Statements, Contents and Definitions
The Board of Directors, the Supervisory Committee, directors, supervisors and senior
management of Midea Group Co., Ltd. (hereinafter referred to as the “Company”)
hereby guarantee that the information presented in this report is free of any
misrepresentations, misleading statements or material omissions, and shall together
be wholly liable for the truthfulness, accuracy and completeness of its contents.
Mr. Fang Hongbo, Chairman of the Board and CEO of the Company, Ms. Zhong Zheng,
CFO and Director of Finance of the Company, and Ms. Chen Lihong, head of the
accounting department of the Company, have represented and warranted that the
financial statements in this report are true, accurate and complete.
All directors of the Company attended the Board meeting to review this report.
The future plans and other forward-looking statements mentioned in this report shall
not be considered as promises of the Company to investors. Therefore, investors are
kindly reminded to pay attention to possible investment risks.
The Company plans not to distribute cash dividends or bonus shares or convert
capital reserves into share capital.
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.
Midea Group Co., Ltd. Semi-Annual Report 2023
Contents
SECTION I IMPORTANT STATEMENTS, CONTENTS AND DEFINITIONS ...... 2
SECTION II COMPANY PROFILE AND KEY FINANCIAL RESULTS ......6
SECTION III MANAGEMENT DISCUSSION AND ANALYSIS ...... 10
SECTION IV CORPORATE GOVERNANCE ...... 105
SECTION V ENVIRONMENTALAND SOCIAL RESPONSIBILITY ......118
SECTION VI SIGNIFICANT EVENTS ...... 142
SECTION VII CHANGES IN SHARES AND INFORMATION ABOUT SHAREHOLDERS..... 157
SECTION VIII PREFERENCE SHARES...... 163
SECTION IX BONDS ...... 164
SECTION X FINANCIAL REPORT...... 167
Midea Group Co., Ltd. Semi-Annual Report 2023
Documents Available for Reference
1. The original of The Semi-Annual Report 2023 of Midea Group Co., Ltd. signed by
the legal representative;
2. The financial statements signed and stamped by the legal representative, the CFO
& Director of Finance and the head of the accounting department;
3. The originals of all company documents and announcements that are disclosed to
the public via newspaper designated for information disclosure during the Reporting
Period; and
4. The electronic version of The Semi-Annual Report 2023 that is released on
http://www.cninfo.com.cn.
Midea Group Co., Ltd. Semi-Annual Report 2023
Definitions
Term Definition
The “Company”, “Midea”, “Midea Group” Midea Group Co., Ltd.
or the “Group”
Midea Holding Midea Holding Co., Ltd.
TLSC Toshiba Lifestyle Products & Services Corporation
KUKA KUKAAktiengesellschaft
Hiconics Hiconics Eco-energy Technology Co., Ltd.
WDM Beijing Wandong Medical Technology Co., Ltd.
Clou Electronics ShenZhen Clou Electronics Co., Ltd.
Swisslog Swisslog Holding AG
Servotronix Servotronix Motion Control Ltd.
WINONE WINONE Elevator Company Limited
“TTium” or “TTium Motor” WuHan TTium Motor Technology Co., Ltd.
Reporting Period 1 January 2023 to 30 June 2023
Midea Group Co., Ltd. Semi-Annual Report 2023
Section II Company Profile and Key Financial Results
1. Corporate Information
Stock name Midea Group Stock code 000333
Stock exchange where the
shares of the Company are Shenzhen Stock Exchange
listed
Name of the Company in 美的集团股份有限公司
Chinese
Abbr. of the Company name 美的集团
in Chinese (if any)
Name of the Company in Midea Group Co., Ltd.
English (if any)
Abbr. of the Company name Midea Group
in English (if any)
Legal representative Fang Hongbo
2. Contact Us
Board Secretary Representative for Securities
Affairs
Name J
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