Core Insights - Midea Group has appointed Song Yao, a young executive in his 30s, as the new president of the refrigerator division, reflecting a trend towards a younger management team [1][3] - The company has shown strong financial performance, with a revenue of 363.06 billion yuan for the first three quarters of the year, marking a year-on-year increase of 13.82% [3] Management Changes - Song Yao, who joined Midea in 2013, has a background in sales and previously served as the sales manager for the European region [3] - Prior to Song's appointment, the position was held by Cao Zhijie, who has now transitioned to president of the home air conditioning division [3] - The trend of younger leadership is evident, as Zhao Lei, appointed as vice president at age 38, was noted as the youngest executive in the company [3] Financial Performance - For the reporting period, Midea's operating revenue reached 111.93 billion yuan, reflecting a 10.06% increase compared to the same period last year [3] - The net profit attributable to shareholders was 11.87 billion yuan, showing an increase of 8.96% year-on-year [3] - The basic earnings per share were reported at 1.57 yuan, with a year-on-year increase of 0.64% [3] - Total assets at the end of the reporting period were 593.31 billion yuan, a decrease of 1.83% from the previous year [3]