Midea Group Co Ltd 2019 SR
The report highlights Midea Group's 2019 performance, achieving a revenue of RMB 279.381 billion and a net profit increase of 19.68%. Key strategic focuses included product leadership, efficiency driven by digitalization, and global operations. The company advanced its "4+2" global R&D network and launched the MSmartLife APP to enhance the smart home ecosystem. Environmental initiatives featured the promotion of R290 refrigerant technology and the implementation of the Factory Energy Management System (FEMS) across 16 factories. Socially, Midea donated over RMB 7 billion to charitable causes over 20 years and actively supported COVID-19 relief efforts.
Company: Midea Group Co Ltd
Sector: Manufacturing
Country: China
Year: 2019
Type: SR
Pages: 34
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Midea Group Co Ltd
Corporate Social Responsibility Report
The report highlights Midea Group's 2019 performance, achieving a revenue of RMB 279.381 billion and a net profit increase of 19.68%. Key strategic focuses included product leadership, efficiency driven by digitalization, and global operations. The company advanced its "4+2" global R&D network and launched the MSmartLife APP to enhance the smart home ecosystem. Environmental initiatives featured the promotion of R290 refrigerant technology and the implementation of the Factory Energy Management System (FEMS) across 16 factories. Socially, Midea donated over RMB 7 billion to charitable causes over 20 years and actively supported COVID-19 relief efforts.
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Document Details
Report Year
2019
Reporting Period
Jan 1, 2019 - Dec 31, 2019
Fiscal Year
2019
Published
Apr 30, 2020
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Other Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees