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Business Description

1968: Establishment 1981:Started Fan Production 1985:Established Residential AC Division 1993:IPO in Shenzhen Stock Exchange 1999:Formed GMCC for Toshiba Brand Compressors; Enter Commercial AC field. 2004:J.V. with Toshiba-Carrier Midea AC& Refrigeration Group acquired Hualing, Royalstar Acquired Chiller manufacturer ChongQing General 2008:Acquired Littleswan for washing machine Midea HPWH PRODUCT 25 years of experience in heat pumps 16 million heat pumps to world market; No.1 in HPWH sales in China market; Full production line: sanitary water, space heating, central heating system, and pool heating based on heat pump technology. Sales 2008: USD100M domestic market+ USD20M overseas.

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