Midea

Midea Group is a worldwide leading technology group in consumer appliances, HVAC systems, robotics and industrial automation systems, as well as smart supply chains (logistics). We offer a diversified product portfolio that spans across consumer appliances, HVAC , and robotics and industrial automation. We are committed to improving lives by adhering to the principle of "Creating Value for Customers". Midea focuses on continuous technological innovation to improve products and services in an effort to make life more comfortable and pleasant. Founded in 1968 in Guangdong, China, Midea has now established a global platform of more than 200 subsidiaries, over 60 overseas branches and 12 strategic business units, and is the majority shareholder of KUKA (95%). Since 2015, Midea has been granted credit ratings by Standard & Poor, Fitch, and Moody. In 2016, Midea Group was listed in Fortune Global 500, ranking 450 in terms of revenue. Sales revenue was $19.2 billion USD in the first half year of 2017, with a net pofit of $1.9 billion USD. We have millions of customers around the world as well as major customers and strategic partners in different areas across the globe. Currently, Midea has about 130,000 employees in total. We are listed on the Shenzhen Stock Exchange (000333) and we have a diversified investor portfolio with approximately 20% of shares held by international institutional investors.