Midea is a technology group of consumer appliances, HVAC, robotics and automation systems, and intelligent supply chain (logistics), providing diversified product categories and services, including consumer appliances business with kitchen appliances, refrigerators, washing machines, and various small appliances as the core; HVAC business with household air conditioning, central air conditioning, heating and ventilation systems as the core; and KUKA group, Midea robotics Co., Ltd. and other core robotics and automation system businesses; and the intelligent supply chain business with Android as the integrated solution service platform.
Midea takes "the perfection of science and technology, the perfection of life" as its corporate vision, takes "linking people and everything, enlightening the world of beauty" as its mission, adheres to the values of "dare to know the future - ambitious, pragmatic and progressive, inclusive and collaborative, innovation and innovation", integrates global resources, promotes technological innovation, and annually serves more than 400 million users, as well as important customers and strategic partners in various fields. Provide satisfactory products and services, and strive to create a better life.
Midea was founded in Guangdong, China in 1968. Its business and customers have been all over the world. Midea has about 200 subsidiaries, more than 60 overseas branches and 12 strategic business units around the world. It has about 150000 employees around the world. Its business involves more than 200 countries and regions, with 22 settlement currencies. Meanwhile, Midea is the main shareholder (about 95%) of KUKA group, a leading robot intelligent automation company in the world.
In 2018, Midea Group invested 10 billion yuan in R & D, with 28 research centers in 11 countries. As of April 2019, Midea Group has obtained more than 79000 authorized patents and maintained more than 50000 authorized patents.
In 2015, Midea became the first Chinese home appliance enterprise to obtain three international credit ratings of S & P, Fitch and moody's. The rating results are in a leading position in the global home appliance industry and domestic private enterprises. In 2018, Midea Group ranked the Fortune 500 for the fourth time in a row, ranking 312, up 11 places from 2018. In 2018, Midea's revenue was 261.8 billion yuan and net profit was 21.7 billion yuan. In the first half of 2019, the company's total operating revenue was 154.3 billion yuan, up 7.4% year on year. Midea is a modern corporate governance company listed on Shenzhen Stock Exchange (000333. SZ).