Home appliance giant Midea reports 10 pct revenue increase in Q1
GUANGZHOU, April 29 (Xinhua) -- Chinese home appliance giant Midea Group saw its revenue rise 10 percent year on year to 106.5 billion yuan (about 14.99 billion U.S. dollars) in the first quarter of 2024, the company said on Monday.
It was its highest quarterly revenue since the second quarter of last year, when it raked in 101.2 billion yuan, Midea said in a quarterly report.
The company raked in 9 billion yuan in net profit attributable to shareholders in the January-March period, up 12 percent year on year, it noted.
Midea has been expanding its new overseas channels and markets, and advancing its localized services. In the first quarter of 2024, the company's overseas e-commerce retail sales increased by approximately 60 percent year on year.
(Editor:Fu Bo)
Related articles
Welcome to Frankenmuth, the bizarre 'German' city that could swing the US election
Visitors to the bizarre city of Frankenmuth are greeted by a colorful sign bearing the German word f2024-06-03- By Liu Shiyao, Yu Jianbin (People's Daily) 08:59, June 02, 2021The combination of the Tianzhou-2 car2024-06-03
China's autonomous driving enters fast lane with commercial operations
* On Aug. 8, driverless robotaxi services were launched in designated areas in the Chinese cities of2024-06-03China’s rover makes first step on Mars
By Feng Hua (People's Daily) 09:05, May 28, 2021Models of China’s first Mars probe Tianwen-1 and Mar2024-06-03Salma Hayek, 57, cuts a stylish figure in a khaki jacket as she enjoys a late
Salma Hayek looked effortlessly chic as she enjoyed a late-night meal with her husband François-Henr2024-06-03China's autonomous driving enters fast lane with commercial operations
* On Aug. 8, driverless robotaxi services were launched in designated areas in the Chinese cities of2024-06-03
atest comment