Midea Group’s total liabilities are 330.347 billion Yuan

Midea Group’s interim report data shows that as of June 30, 2024, the company’s total assets were 506.632 billion yuan, an increase of 9.49% over the same period last year, including 101.95 billion yuan in cash, 43.859 billion yuan in accounts receivable, and 40.329 billion yuan in inventory.

The company’s total liabilities were 330.347 billion yuan, an increase of 8.49% over the same period last year, including 84.966 billion yuan in accounts payable.

The company’s asset-liability ratio was 65.20%, and shareholders’ equity totaled 176.285 billion yuan.

According to the data, Midea Group Co., Ltd. was established in 2000 and is located in the Midea Headquarters Building, No. 6 Midea Avenue, Beijiao Town, Shunde District, Foshan City, Guangdong Province. It is an enterprise mainly engaged in covering smart home, new energy and industrial technology, intelligent building technology, robots and automation and other innovative businesses. The registered capital of the enterprise is 6.985 billion yuan, and the legal representative is Fang Hongbo.