Does Midea Group's 20 1 1 revenue exceed150 billion?

20 10 years is116.7 billion. 20 1 10, the data of the whole group has not been made public, and Midea Electric Appliances (Ice Wash) 93 1 billion, up 24.8% year-on-year. Air conditioners alone reached 63.79 billion units, a year-on-year increase of 32%. Gree Electric's 20 1 1 was 83.79 billion, a year-on-year increase of 37.5%.

If Midea's NEC, Midea's electromechanical and Midea's real estate maintain the level of 20 10 years (only increasing by 0%), then the entire Midea Group will be13.5 billion.

Conservative estimation, 20 1 1 year, Midea Group14 billion.

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Gree Midea's Return to Rational Growth The duopoly pattern of air conditioning is hard to shake.

Yangcheng Evening News: Han 2012-03-1417: 57 hit rate 1980.

Gree and Midea released 20 1 1 performance express and annual report last week. The data shows that the annual income of Gree 20 1 1 was 83.59 billion yuan, up 37% year-on-year. Midea's electrical air conditioners achieved revenue of 63.79 billion yuan, a year-on-year increase of 32%.

Despite many challenges, both air-conditioning giants have maintained steady growth. The insiders believe that the cold wind of 20 12 will not only shake the duopoly pattern, but also further strengthen it.

Gree and Beauty Return to Rational Growth

Gree Electric Performance Express shows that at 20 1 1, Gree achieved revenue of 83.59 billion yuan, up 37.48% year-on-year; The net profit was 5.24 billion yuan, a year-on-year increase of 22.67%. Although the data shows that Gree is still growing, the growth rate of Gree has declined due to factors such as policy withdrawal, sluggish demand and rising costs.

According to the data, the revenue growth rate of Gree 20 10 is 4 1.6%, and the net profit growth rate is 46.7%. Compared with 20 1 10, the growth rate of revenue and net profit decreased by 4% and 24% respectively.

Compared with Gree, the influence on beauty is more obvious. 20 1 1 year, Midea's electric appliance revenue was 9.31billion yuan, up 24.8% year-on-year, and its net profit was 3.29 billion yuan, up 18.2% year-on-year. In the overall revenue, air-conditioning revenue was 63.79 billion yuan, a year-on-year increase of 32%. Compared with 20 10, there has been a sharp decline. However, it is worth noting that the problem of low gross profit margin that has long plagued the United States has improved. Midea's 20 1 1 annual report shows that the gross profit margin of Midea's overall business increased by 2.09 percentage points year-on-year.

Wang, vice president of China Marketing Headquarters of Midea Refrigeration Appliance Group, told Yangcheng Evening News reporter yesterday: "The growth rate of the whole industry is slowing down, and it is normal to return to rational growth."

The duopoly pattern is becoming more and more stable.

Although the growth rate of the two air-conditioning giants has declined, they still firmly occupy the oligopoly position in the air-conditioning industry.

According to market data, Gree and Midea, the two air-conditioning giants of 20 1 1, occupy more than 60% of the market share, leaving less and less market space for pursuers. In the field of inverter air conditioning, which represents the overall development trend of air conditioning industry, the industry pattern of duopoly competition is more clear. According to industry online data, from 20 1 1 to 12, the cumulative sales volume of Gree inverter air conditioners was120.96 million units, accounting for 37.65% of the total sales volume of inverter air conditioners in the industry. Midea's cumulative sales of inverter air conditioners reached 8.685 million units, accounting for 27.03% of the total sales of the industry, and the sum of the market shares of the two giants reached 65%.

But in the face of the unpredictable 20 12 home appliance market, can the duopoly pattern continue?

Liu Heqing, a senior observer in the home appliance industry, said: "In 20 12 years, the duopoly pattern will be further strengthened."

Related report

The annual growth rate of domestic central air-conditioning market is 20%

After the competition in the field of household air conditioning has reached a white-hot stage, the competition of air conditioning giants in the field of central air conditioning has also intensified.

"Today's central air conditioning market is equivalent to the market size of household air conditioners ten years ago." Gree Electric insiders told Yangcheng Evening News reporter. In sharp contrast to the decline in the growth rate of household air-conditioning industry, the market generally expects that the domestic central air-conditioning market will continue to grow at an average annual rate of 20%.

However, unlike the duopoly competition pattern of Gree and Midea in the field of household air conditioning, foreign companies have long occupied the market advantage due to their technical accumulation in the field of central air conditioning.

After technical research and development and market expansion in recent years, Gree Central Air Conditioning has gradually broken the technological monopoly of foreign companies and has the strength to compete with foreign companies. Tan Jianming, assistant president of Gree, said last Friday: "The market share of central air conditioners is expected to further concentrate on domestic brands."

Gree and Midea released 20 1 1 performance express and annual report last week. The data shows that the annual income of Gree 20 1 1 was 83.59 billion yuan, up 37% year-on-year. Midea's electrical air conditioners achieved revenue of 63.79 billion yuan, a year-on-year increase of 32%.

Despite many challenges, both air-conditioning giants have maintained steady growth. The insiders believe that the cold wind of 20 12 will not only shake the duopoly pattern, but also further strengthen it.

Gree and Beauty Return to Rational Growth

Gree Electric Performance Express shows that at 20 1 1, Gree achieved revenue of 83.59 billion yuan, up 37.48% year-on-year; The net profit was 5.24 billion yuan, a year-on-year increase of 22.67%. Although the data shows that Gree is still growing, the growth rate of Gree has declined due to factors such as policy withdrawal, sluggish demand and rising costs.

According to the data, the revenue growth rate of Gree 20 10 is 4 1.6%, and the net profit growth rate is 46.7%. Compared with 20 1 10, the growth rate of revenue and net profit decreased by 4% and 24% respectively.

Compared with Gree, the influence on beauty is more obvious. 20 1 1 year, Midea's electric appliance revenue was 9.31billion yuan, up 24.8% year-on-year, and its net profit was 3.29 billion yuan, up 18.2% year-on-year. In the overall revenue, air-conditioning revenue was 63.79 billion yuan, a year-on-year increase of 32%. Compared with 20 10, there has been a sharp decline. However, it is worth noting that the problem of low gross profit margin that has long plagued the United States has improved. Midea's 20 1 1 annual report shows that the gross profit margin of Midea's overall business increased by 2.09 percentage points year-on-year.

Wang, vice president of China Marketing Headquarters of Midea Refrigeration Appliance Group, told Yangcheng Evening News reporter yesterday: "The growth rate of the whole industry is slowing down, and it is normal to return to rational growth."

The duopoly pattern is becoming more and more stable.

Although the growth rate of the two air-conditioning giants has declined, they still firmly occupy the oligopoly position in the air-conditioning industry.

According to market data, Gree and Midea, the two air-conditioning giants of 20 1 1, occupy more than 60% of the market share, leaving less and less market space for pursuers. In the field of inverter air conditioning, which represents the overall development trend of air conditioning industry, the industry pattern of duopoly competition is more clear. According to industry online data, from 20 1 1 to 12, the cumulative sales volume of Gree inverter air conditioners was120.96 million units, accounting for 37.65% of the total sales volume of inverter air conditioners in the industry. Midea's cumulative sales of inverter air conditioners reached 8.685 million units, accounting for 27.03% of the total sales of the industry, and the sum of the market shares of the two giants reached 65%.

But in the face of the unpredictable 20 12 home appliance market, can the duopoly pattern continue?

Liu Heqing, a senior observer in the home appliance industry, said: "In 20 12 years, the duopoly pattern will be further strengthened."

Related report

The annual growth rate of domestic central air-conditioning market is 20%

After the competition in the field of household air conditioning has reached a white-hot stage, the competition of air conditioning giants in the field of central air conditioning has also intensified.

"Today's central air conditioning market is equivalent to the market size of household air conditioners ten years ago." Gree Electric insiders told Yangcheng Evening News reporter. In sharp contrast to the decline in the growth rate of household air-conditioning industry, the market generally expects that the domestic central air-conditioning market will continue to grow at an average annual rate of 20%.

However, unlike the duopoly competition pattern of Gree and Midea in the field of household air conditioning, foreign companies have long occupied the market advantage due to their technical accumulation in the field of central air conditioning.

After technical research and development and market expansion in recent years, Gree Central Air Conditioning has gradually broken the technological monopoly of foreign companies and has the strength to compete with foreign companies. Tan Jianming, assistant president of Gree, said last Friday: "The market share of central air conditioners is expected to further concentrate on domestic brands."