美的集团：2021年年度报告全文（英文）.PDF

1、12021Annual ReportApril 2022Midea Group Co.,Ltd.Stock code:0003332Letter to ShareholdersThis is a century of change.A falling leaf reveals the coming of the fall,and each leaf,eachperson,can feel the changes of this great era.We would like to pay tribute to theperseverance and dedication of every Mi

2、dea employee,helping us chase our dreamsregardless of what the future holds.Their strong will and yearning for the future havebecome the strength to continue the success and warmth of Midea.We would also like topay tribute to our shareholders who have been loyal to Midea for so long.In a turbulentye

3、ar of huge changes and market fluctuations,their long-standing trust and insistence onlong-term value are invaluable.With a decade of transformation,Mideas revenueexceeded RMB300 billion for the first time.For the sixth consecutive year,Midea wasincluded in the Fortune Global 500 list.Meanwhile,Mide

4、a was recognized as one ofForbes China 2021 Top 10 Chinese Companies in Industrial Digital Transformation.Also,four factories of Midea have been included in the“Global Lighthouse Network”initiated bythe World Economic Forum.Even more exceptionally,despite the substantial increase invarious costs rel

5、ated to commodities,shipping logistics,and energy supplies,Midea wasstill able to maintain profitability,demonstrating its resilience.There is neither a better era nor a worse era,only a new era.The changes of the timeshave led to disruptive changes in many industries.Every major change and crisis a

6、re likebig waves in the sea,and after the wave ebbs away,high-quality companies stand out.Inthis great era,no path is entirely smooth,nor is any path set in stone,and a great companywill inevitably undergo different cycles.In this era,uncertainty has become the norm andpart of the mainstream,while t