Bei Jing Shang Bao·2025-11-05 16:19Core Insights - Midea Group is actively promoting its robotics business, recently rebranding its subsidiary to KUKA Robotics Automation (Guangdong) Co., Ltd, emphasizing industrial robot manufacturing and intelligent robot R&D [1] - The company's Q3 2025 financial results show significant growth, with total revenue reaching 1119.33 billion yuan, a year-on-year increase of 10.06%, and net profit of 118.7 billion yuan, up 8.95% [3] - Midea's three major To B businesses—new energy and industrial technology, smart building technology, and robotics and automation—contributed 813 billion yuan in revenue, accounting for approximately 22.4% of total revenue [4] Financial Performance - In the first three quarters of 2025, Midea achieved cumulative revenue of 3630.57 billion yuan and net profit of 378.83 billion yuan, with year-on-year growth rates of 13.82% and 19.51% respectively [3][4] - Midea's revenue and net profit significantly outpaced competitors Haier and Gree, with net profit being 2.2 times and 1.8 times that of Haier and Gree respectively [3] Robotics Business Development - Midea's robotics business, while growing, still represents a small portion of overall revenue, contributing approximately 6.22% in Q3 2025, which is lower than other To B segments [5][6] - The robotics segment's year-on-year growth rate of 9% lags behind other To B businesses and overall company growth, indicating it has not yet become a primary growth driver [6] Future Potential - Midea's long-term investment in robotics is expected to yield future value, with the industrial humanoid robot "Mei Luo" already operational in Midea's factories [7][8] - The company has established a production capacity of 80,000 units for harmonic reducers by the end of 2024, which are essential components for industrial robots [8] - Midea's R&D investment has exceeded 430 billion yuan over the past three years, with a 14.4% increase in the first half of 2025, indicating a commitment to advancing robotics technology [8]