Midea Nine-Month Revenue Rises 13.8%

Midea reported double-digit growth in revenue and profit for the first nine months of 2025 in its October 30 quarterly filing. Revenue reached CNY 363.057 billion, up 13.82%, while net profit attributable to shareholders increased 19.51% to CNY 37.883 billion.

The third quarter alone generated CNY 111.933 billion in revenue, an increase of 10.06%. Quarterly attributable profit rose 8.95% to CNY 11.870 billion. The three-month growth rates were therefore lower than the cumulative January–September rates, providing a more specific view of the latest reporting period.

Outside the core appliance business, Midea reported first-nine-month revenue growth of 21% in new energy and industrial technology, 25% in intelligent building technology and 9% in robotics and automation. These businesses contribute to the group's breadth but should not be equated with household robot-vacuum sales.

Operating cash flow was CNY 57.066 billion, down 5.31% despite higher earnings. The unaudited report also restated comparable warranty expenses from selling costs into cost of sales under updated accounting guidance. Together, the figures show strong consolidated growth while preserving important distinctions between periods, business categories, cash generation and the presentation of costs.