Midea's industrial technology was established, and Midea's group supported the army: the revenue target for the next five years exceeded 100 billion

Midea Group (000333. SZ) today announced that GMCC's annual sales of Meji air conditioning compressors exceeded 100 million units. The Mechanical and Electrical Business Group, one of the five major business segments of midea group, also announced that it was renamed "midea industrial technology" and put forward the goal of breaking 100 billion yuan in revenue in the next five years.

Within five years, the revenue target will exceed 100 billion

"Beauty is definitely not only aimed at home appliances. It is precisely because of the power of technology that there is an ambition for the continuous expansion of industrial boundaries. Fu Yongjun, vice president of the Midea Group and president of Midea's industrial technology, introduced to nandu reporters that in the eyes of most people, midea's group may still be a home appliance company, after all, midea's current sales scale accounts for an absolute share of home appliances, and home appliances are also a TO C business. But from the perspective of the development needs of the United States and the law of evolution from the global industry, the United States is definitely not only aimed at home appliances. From the perspective of global industrial evolution, Siemens and GE started with home appliances and now develop into huge industrial groups, and Midea will also transform and upgrade along a similar path. In the future, Midea Group will invest more in the field of TO B business and industrial technology to expand its own development space. ”

Fu Yongjun said, "Midea's industrial technology has formulated a five-year development plan, our output value in 2020 is 32.5 billion yuan, I hope that the next five years can triple, in 2025 to achieve the output value of 100 billion yuan." ”

Carbon neutrality is the world's largest track in the future

Midea Industrial Technology now has 4 major sectors and 8 product companies. At the end of 2020, in the territory of mid-term group, GMCC Meizhi, Welling Welling, MR Meiren, TOSHIBA Toshiba, HICONICS Hekang, SUNYE Nissier, DORNA Dongling and SEROTRONIX Were divided into electromechanical business groups at the end of 2020.

Midea's industrial layout of new energy vehicles and chip business has attracted much attention.

"'Carbon neutral' is the world's largest track for the next 30 or even 40 years. We have also begun to lay out systems and core components ranging from the integration of solar power generation to battery storage. Whether it is the power battery of new energy vehicles, or energy storage, or green power generation, this is a trillion-level track, which requires us to do solid and push forward step by step. Fu Yongjun said.

"A few years ago, midea group noticed the trend of automobile electrification, and we began to lay out automotive main drive motors, electric vehicle air conditioning compressors, various types of automotive micromotors and electronic pumps five years ago, and all of them achieved mass production this year." Fu Yongjun introduced that midea's industrial technology has adopted a strategy of holding high and fighting high in the field of new energy vehicle components from the beginning.

Fu Yongjun said that the challenge of entering the automotive industry from the home appliance industry is huge. It's not just the technical challenges, as a new entrant, customer recognition takes time and process. Midea's auto parts company has been established for three and a half years, and the preliminary substantive research and development preparation may have been more than five years. This year, the sales revenue of Midea's auto parts is still very small, only tens of millions of orders of magnitude.

He revealed that on the one hand, Midea will speed up the layout in advance, and on the other hand, it will appropriately shorten the necessary cycle of entering the industry through mergers and acquisitions.

In 2021, Midea began mass production of home appliance chips. Liu Kai, general manager of Meiren Chip Company, revealed that in 2021, Midea's chips will mass-produce 10 million, and it is expected to mass-produce 80 million in 2022, which will cover all chip categories of home appliances such as power chips, power chips, and IoT chips in the future. He also revealed that Meiren chip will also actively layout automotive chips.

Nandu reporter Zhou Liang