Midea Group posted revenue of 139.7 billion RMB in H1 2020, down by 9.47% year-on-year, net profit attributable to shareholders 13.9 billion RMB, down by 8.29% year-on-year, and net profit after deducting non-recurring profit and loss 13.4 billion RMB, down by 7.55% year-on-year, according to the company’s half-year report released on August 30, 2020.

The report showed that the market share of Midea rose in H1, of which residential air conditioners grew significantly with an online market share of more than 35%, the largest of all brands, and an offline market share of more than 30%.