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Can the trillion-yuan robotics market become Midea's second growth curve?

In the first half of 2026, Midea's robotics and automation segment generated revenue of 16.621 billion yuan, up 10.27% year on year, but its gross margin fell 1.86 percentage points year on year to 20.9% and accounted for only 6.39% of the group's total revenue, remaining in a stage of revenue growth without profit growth.

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