Midea Group released its annual report for 2023 on March 27, 2024. In 2023, Midea achieved revenue of 373.7 billion yuan, an increase of 8% year-on-year; and net profit attributable to the parent company of 33.7 billion yuan, an increase of 14% year-on-year. The announcement showed that Midea Group’s “COLMO+Toshiba” dual high-end brand strategy has begun to show initial results, with overall retail sales increasing by over 20%. Among them, COLMO’s high-end whole house smart solutions cover both smart appliances and smart homes after 5 years of development; Toshiba’s domestic market retail sales increased by over 60% in 2023, and during the “618” and “Double 11” periods in 2023, its online retail sales increased by 92% and 40% respectively.