According Midea’s semi-annual report unveiled on August 30th 2018, the revenue of Midea in H1 posted 142.624 billion Yuan, a year-on-year growth of 14.60%, and net profit 12.937 billion Yuan, a year-on-year growth of 19.66%. Earnings per share stood at 1.97 Yuan.
Midea’s overseas sales accounted for 50% of total sales of the company in H1 while online sales grew by 33% year-on-year to 25 billion Yuan. Accounting for more than 20% of the market share in H1, it also remained as the top seller of home appliances on e-commerce platforms such as JD.com, Tmall and Suning.com.