Midea Group Co Ltd Class A

000333: XSHE (CHN)
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Midea Earnings: Margin Expansion, Given Product Mix Upgrade and Cost Savings; Shares Attractive

Midea posted in-line results for 2024 as revenue and operating profit grew 10% and 12% year on year, respectively. The continued margin expansion was mostly due to faster sales growth in premium brands, supply chain integrations, and enhancement in operational efficiency.

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