An announcement from Midea Group Co. Ltd. Class H ( (HK:0300) ) is now available.
Midea Group Co., Ltd. announced its consolidated annual results for the year ended December 31, 2024, showing a significant financial performance improvement. The company reported a 9.5% increase in revenue, reaching RMB 409,084 million, and a 14.9% rise in profit for the year, amounting to RMB 38,759 million. This growth reflects the company’s strong market positioning and operational efficiency, benefiting stakeholders and enhancing its competitive edge in the industry.
More about Midea Group Co. Ltd. Class H
Midea Group Co., Ltd. is a leading company in the home appliance industry, primarily engaged in the production and sale of consumer electronics and home appliances. The company is based in China and focuses on providing innovative and high-quality products to both domestic and international markets.
YTD Price Performance: 2.58%
Average Trading Volume: 6,026,631
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$650.5B
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