On March 30, Midea Group released its 2025 annual report, revealing total operating revenue of 458.5 billion yuan, a year-on-year increase of 12.1%. Net profit attributable to shareholders of the listed company reached 43.95 billion yuan, up 14% compared to the previous year. Strong performance across business segments has provided solid support for Midea Group to maintain high dividend payouts, with 100% of the annual net profit attributable to shareholders being returned to investors.
While achieving record-breaking results, Midea Group is transforming into a global "AI+" technology group alongside China's comprehensive implementation of the "Artificial Intelligence Plus" initiative. By establishing two core hubs—"Home Brain" and "Factory Brain"—the company is deeply integrating AI across four key business scenarios: smart home, intelligent manufacturing, smart office, and industry empowerment. The group plans to invest over 60 billion yuan in cutting-edge research and development over the next three years.
Midea Group achieved double-digit growth in both revenue and profit during 2025, with total revenue reaching 458.5 billion yuan. Overseas revenue contributed 195.9 billion yuan, representing a 15.9% year-on-year increase. According to research by the globally authoritative market research firm Euromonitor International, Midea was officially certified as the world's top-selling smart home appliance brand in 2025.
In the Chinese market, Midea's home appliance products ranked first in sales across both major online platforms and offline channels. Internationally, the number of countries covered by Midea's self-operated branches increased from 27 to 50, with its own brands leading market share in 32 product categories across key markets including Amazon North America, Europe, and Japan.
While maintaining its leading position in the white goods industry, Midea Group has established strong secondary growth drivers in robotics, new energy, building technology, industrial components, healthcare, and logistics. During the reporting period, ToB business revenue reached 122.8 billion yuan, up 17.5% year-on-year.
Data shows that in 2025, Midea maintained the top global market share in sales of residential air conditioner compressors, residential air conditioner motors, and washing machine motors. In the central air conditioning sector, Midea led domestic market share, ranking first in commercial multi-split systems, centrifugal chillers, and modular units, with magnetic bearing centrifugal chillers achieving the highest domestic sales. Lingwang Elevator led the domestic freight elevator segment for three consecutive years.
Additionally, Midea's KUKA Group is one of the "Big Four" global industrial robotics companies. According to MIR Industry Research, KUKA's domestic market share in industrial robots steadily increased to 9.6% in 2025, maintaining a top-three industry position. KUKA demonstrated significant advantages in heavy-duty robotics, capturing 47.4% domestic market share in robots with loads exceeding 300kg.
Strong business performance supported Midea's substantial shareholder returns, with 100% of net profit attributable to shareholders distributed through a combined 44 billion yuan in cash dividends and share repurchases. During the reporting period, Midea generated 53.3 billion yuan in operating cash flow and proposed a cash dividend of 3.8 yuan per share, totaling 28.6 billion yuan. Combined with the interim dividend of 0.5 yuan per share, the full-year 2025 dividend reached 4.3 yuan per share, with total cash dividends amounting to 32.4 billion yuan. Over the past decade, Midea Group has distributed cumulative dividends exceeding 150 billion yuan.
According to the 2025 Fortune Global 500 list, Midea Group ranked 246th, marking its tenth consecutive year among the world's top 500 companies.
Midea has established an AI R&D team exceeding 400 members, with over 13,000 intelligent agents operating daily across residential, office, manufacturing, healthcare, warehousing, and logistics scenarios. Through AI implementation, the group achieved efficiency improvements exceeding 15 million hours in 2025, reducing various costs by 700 million yuan.
In smart home scenarios, Midea created the first AI agent implemented in the home appliance industry, achieving a complete "perception-learning-decision-execution" cycle. The system developed diverse active intelligence capabilities across six systems including air, water, and cooking, and realized interconnected human-vehicle-home scenarios through deep collaboration with leading automotive companies. Currently, over 500 million Midea appliances worldwide feature connectivity capabilities, with more than 140 million smart appliances connected globally and over 150 million smart users. The company has completed AI integration across more than 150 product categories.
In intelligent manufacturing, AI permeates the entire process from initial R&D to final marketing. At Midea's Jingzhou washing machine factory, certified by the World Record Certification Agency as the "world's first multi-scenario intelligent agent factory," 14 intelligent agents cover 38 core production scenarios under the unified scheduling of the "Factory Brain." These agents complete tasks in seconds that traditionally required hours, achieving average efficiency improvements exceeding 80%, with production scheduling response speeds increasing by 90%. This represents a transition from "mechanical automation" to "autonomous decision-making" in factory intelligence.
In smart office scenarios, buildings become perceptive, thinking entities. At Midea's Shanghai Global Innovation Park, the iBUILDING digital platform connects 39,000 hardware points including HVAC, elevators, and lighting through AI, improving operational efficiency by over 30%. The elevator system increased peak-hour capacity by 25% through machine learning. The industry's first "accounting-capable multi-split system," MDV9, comes standard with State Grid-certified meters, providing customized energy-saving strategies for buildings.
Midea has deeply integrated AI algorithms with core HVAC technology, extending smart building capabilities to industrial, healthcare, data center, and various other industry scenarios. Beyond integrating AI into diverse scenarios, Midea enables industry transformation through AI applications.
In healthcare, AI technology deeply integrates into the entire diagnosis and treatment process. An "AI doctor" developed from over 4 million cross-regional chest DR images can reduce physicians' repetitive image reading time by more than 70%, providing primary care doctors with a "second pair of eyes."
In energy, Midea's AI dynamic strategy engine integrates distributed resources including photovoltaic systems, energy storage, and adjustable loads into a "flexible regulation pool," while incorporating AI algorithms into home energy stations for automated energy optimization.
Additionally, Midea's ANDA Intelligent Logistics uses AI algorithms to continuously optimize inventory layout and order routing, significantly reducing customers' storage space requirements, order delivery cycles, and inventory turnover days.
As Midea's industrial software subsidiary, Meiyun Digital has built a comprehensive AI capability matrix covering R&D, manufacturing, supply chain, marketing, and office operations, enabling thousands of enterprises to achieve scalable implementation and creating replicable industry benchmarks.
More notably, Midea Group has publicly introduced five humanoid robots that are gradually being deployed in factories for product quality inspection and equipment monitoring tasks, marking a critical step from laboratory research to practical application. The company has established three development directions: human-like, full-humanoid, and super-humanoid robots. Short-term focus remains on industrial scenarios, replacing repetitive labor and performing complex tasks like precision assembly to address manufacturing efficiency bottlenecks. Medium to long-term plans envision expansion into broader scenarios including homes and healthcare, ultimately positioning these robots as next-generation intelligent terminals connecting "smart homes" and "intelligent manufacturing."
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