Midea Group(000333)2024-12-03 08:23Financial Performance - Total revenue for the first three quarters reached 320.2 billion CNY, a year-on-year increase of 10% [1] - Net profit attributable to shareholders was 31.7 billion CNY, up 14% year-on-year; the net profit excluding non-recurring items was 30.4 billion CNY, a 13% increase [1] - Revenue for the third quarter was 102.2 billion CNY, reflecting an 8% year-on-year growth; net profit was 10.9 billion CNY, a 15% increase [1] Double Eleven Sales Performance - For the Double Eleven sales period (October 1, 2024 - November 11, 2024), the company achieved the highest sales in the industry for 12 consecutive years [2] - The "old-for-new" policy generated over 10 billion CNY in retail sales, contributing to a year-on-year growth of over 30% [2] - High-end brands COLMO and Toshiba saw retail sales growth exceeding 100% [2] Overseas Business Development - OBM business revenue grew by over 25% year-on-year from January to September [2] - Overseas e-commerce sales increased by 50% year-on-year in the third quarter, with Amazon Prime Day sales growing over 35% [2] - The company expanded its service network overseas, achieving a 32% improvement in service response speed by August 30, 2024 [2] ESG Initiatives - The company received the first water footprint verification certification in Greater China for washing machines, awarded by TÜV Süd [3] - The assessment focused on the entire lifecycle of washing machines, identifying opportunities to reduce water consumption and pollution [3] - The company was recognized in Forbes' 2024 list of the World's Best Employers and as one of the Best Employers for Women [3]