Midea Group's revenue in the first half of the year exceeded 180 billion yuan, and its ToB business increased by over 40% year-on-year

time:2022-09-29 14:16:01 source:clevelanddrifters.com author:Education stock
Midea Group's revenue in the first half of the year exceeded 180 billion yuan, and its ToB business increased by over 40% year-on-year

Reporter Zhang Yingguo On the evening of August 30, Midea Group (000333.SZ) released its 2022 semi-annual report. According to the financial report, in the first half of the year, Midea Group achieved a total operating income of 183.7 billion yuan, an increase of 5% over the same period in 2021; the net profit attributable to the parent was 16 billion yuan, an increase of 6.6% over the same period in 2021. While the ToC business has developed steadily and the strategic benefits of dual high-end brands have grown rapidly, the ToB business has developed a strong momentum. Among them, the building technology business unit increased by 33.1% year-on-year, and the digital innovation business increased by 42.4% year-on-year. In the first half of 2022, Midea Group will firmly implement the annual operating principle of “reasonable income and recovery of profits” centered on profit, focus on core business and products, and return to the essence of operation. The increase of more than 10% has once again demonstrated the operational resilience of Midea Group. The transformation of ToB has been accelerated again, with the highest year-on-year growth exceeding 40%. Adhere to the four strategic axes centered on technological leadership, and achieve both ToC and ToB development. The transformation of the ToB business is gaining momentum. According to the interim report, the revenue of the building technology division in the first half of the year was 12.2 billion yuan, a year-on-year increase of 33.1%. Among them, according to the data from the industry online monitoring in the first half of 2022, Midea's domestic market share of central air conditioners continued to remain the first. The export value of heat pump products increased by more than 200% year-on-year, and the export scale ranked first in China's heat pump industry. The industrial technology business group's revenue in the first half of the year was 12.1 billion yuan, a year-on-year increase of 13.3%. Among them, breakthroughs have been made in the fields of products and services such as smart microgrid, energy storage, SVG dynamic reactive power compensation device, etc., with a total order value exceeding 100 million yuan; in smart transportation, a number of fixed-point cooperation projects with customers have been obtained, and the total output value of future orders will be calculated. It will exceed billions of yuan, and the current cumulative shipment has exceeded 36,000 units. In the first half of the year, the revenue of the Robotics and Automation Division was 12.2 billion yuan. Among them, KUKA China's revenue increased by 36% year-on-year, and 11 new products including SCARA, AGV and other robots were released. In the field of new energy, KUKA China received orders for more than 20,000 robots in the first half of the year, and established cooperative relations with major leading customers. The revenue of the digital innovation business in the first half of the year was 5.2 billion yuan, a year-on-year increase of 42.4%. Among them, Ander Zhilian continued to promote the transformation of channel logistics in the context of the transformation of the T+3 business model. The whole process of building an integrated smart logistics platform, and cooperating with the Sino-US Logistics Research Institute of Shanghai Jiaotong University to build the "Smart Logistics and Supply Chain Joint Research Center", so far, Ander Zhilian has served thousands of enterprises, customers are all over home appliances Home furnishing, consumer electronics, food and beverage, maternal and child, daily chemicals and other industries. The strategic advantages of dual high-end brands have increased significantly year-on-year by over 100%. Midea Group has comprehensively promoted the implementation of the "Number One" strategy in China. In many categories, such as electric kettle, Midea series products rank first in both domestic online and offline market shares. The smart home business group's revenue in the first half of the year was 125.9 billion yuan, a year-on-year increase of 3.5%. Among them, two high-end brands, COLMO and Toshiba, performed well. In the first half of 2022, the overall sales of COLMO exceeded 4 billion yuan, a year-on-year increase of 150%, and the sales of set products exceeded 130,000 units. According to the data of Aowei Cloud, the proportion of COLMO products in the high-end market has increased significantly, among which air conditioners and water purification products. Both are above 20%, and dishwashers are close to 13%. The Toshiba brand will also continue to exert its efforts in the first half of 2022. On the product side, based on the series design to create a consistent brand mentality, Toshiba's first series product, the Xingzhuo series, is launched. Star technology, star design and Star experience, to provide users with a refined star lifestyle. As of June, the sales of Toshiba's brand in the domestic market exceeded 1.1 billion yuan, a year-on-year increase of more than 110%. During the "618" period, Toshiba's sales exceeded 200 million yuan, a year-on-year increase of 74%, of which Toshiba refrigerator sales increased by more than 160% year-on-year. Gradually improve the domestic product layout. Upgrading scientific research investment and building a digital, agile and innovative R&D system Under the strategy of digital intelligence, Midea Group has always insisted on continuous investment in research on core technologies. The mid-term report shows that the R&D investment in the past five years has exceeded 45 billion yuan, and the R&D investment in the first half of 2022 will be close to 6 billion yuan, a year-on-year increase of 10.4%. As of June 2022, Midea (including Toshiba Home Appliances) has maintained more than 77,000 patent authorizations, and in the first half of 2022, it has obtained more than 2,000 invention patents worldwide. At the same time, Midea Group continued to promote the improvement of patent quality, and won a number of honors in the review of the 23rd China Patent Awards in 2022, among which "Dishwasher" and "Control Method, Controller and Refrigerator for Supercooling and Preservation of Meat" Won two Chinese patent silver awards, "window machine" won the Chinese design silver award; "compressor and heat exchange system with the same", "air conditioner and its operating parameters recommended method, system and big data server" and other patents Received 6 Chinese Patent Excellence Awards. In addition, in the first half of 2022, Midea Group participated in the formulation or revision of 149 technical standards, including 6 international standards and 33 national standards, under the guidance of the strategy of "innovative patentization, patent standardization, standard internationalization, and Midea standards going global". , 11 industry standards, 99 local and group standards. The innovation platform is the core of the technological innovation system. As of June 2022, Midea has 10 national-level enterprise technology centers, industrial design centers and post-doctoral research workstations, 19 long-term cooperative academicians and 8 academician workstations (rooms), more than 60 provincial and ministerial-level enterprise technology centers, engineering centers, design centers or key laboratories have achieved competitive advantages in the industry with scientific and technological strength. Midea Group continues to consolidate and improve its globalization capabilities, striving to move from a localized enterprise in China to a global enterprise, and continues to upgrade from efficiency advantages to product advantages, technological advantages, and innovation advantages. Keep going on the road.

(Responsible editor:Hot industry)