Event
Midea's robotics business sees revenue growth without profit growth, accounting for only 6.39%
2 reports · 2 sources
Midea Group's robotics and automation business recorded revenue of RMB 16.621 billion in the first half of the year, up 10.27% year on year, but its gross margin fell 1.86 percentage points year on year to 20.9%, falling into a situation of revenue growth without profit growth; the segment accounts for only 6.39% of the group's total revenue, and an article by OFweek Robotics argues that its scale is not yet sufficient to become a mature second growth curve. According to MIR Ruigongye statistics, KUKA's domestic industrial robot shipments exceeded 18,000 units in the first half of the year, up more than 19% year on year, and its domestic market share rose from 9.7% to second place in the industry; its home-oriented humanoid robots have not yet formed a main business with substantial external sales.
Report timeline
- 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.
钛媒体 ·
- Can the trillion-yuan robotics market become Midea's second growth curve?
The article examines whether Midea's robotics business can become the group's second growth curve. It notes that revenue in its robotics and automation segment reached 16.621 billion yuan in the first half of the year, up 10.27% year on year, but gross margin fell 1.86 percentage points year on year to 20.9%, accounting for only 6.39% of the group's total revenue, putting it in a phase of revenue growth without profit growth.
OFweek Robotics ·