GD Midea Commercial Air-Conditioning Equipment Co., Ltd. China (Mainland)

We are a division of Midea Group. We are focusing on air to water products for sanitary water, ground heating and space heating. Established in 1968, Midea Group is a comprehensive and modern business group engaged mainly in the industry of household appliances, as well as the domains of real estate and logistics. Our group is also one of the largest manufacturing and exportation bases of electric appliances in China. In 1980, Midea entered into the household appliance industry. In 1981, the brand "Midea" was created and used. In 2001, Midea transformed into a private business. And in 2004, Midea procured the Hefei Joint Venture of Royalstar-Maytag (ROYALSTAR) and the Guangzhou Hualing Group (HUALING), continuing on the way to become an electric appliance giant. Midea Group currently has 70,000 employees, with a dozen brands including Midea and Welling. Apart from our headquarters in Shunde (Guangdong Province), we have also ten major production bases in Guangzhou (Guangdong), Zhongshan (Guangdong), Wuhu (Anhui), Wuhan (Hubei), Huai'an (Jiangsu), Kunming (Yunnan), Changsha (Hunan), Hefei (Anhui), Chongqing (Chongqing), Suzhou (Jiangsu), and Binh Duong Province (Vietnam), covering a total area of 7 million square meters. Our marketing network covers all over the world, and we have a dozen branches in the United States, Germany, Japan, Hong Kong, South Korea, Canada and Russia. Major products by Midea Group include household and commercial air-conditioners, large central air-conditioners, electric fans, electric cookers, refrigerators, microwave ovens, water dispensers, washing machines, electric heaters, dishwashers, induction cookers, water heaters, cooking stoves, sterilizers, electric chafing pots, electric ovens, vacuum cleaners, and small electric appliances, as well as related products such as compressors, motors, magnetrons, transformers, and enameled wires. We have the largest and most comprehensive industrial chain of air-conditioners and microwave ovens in China, in addition to the greatest and most integral industry cluster of small household and kitchen appliances in the nation. Midea Group has always maintained a healthy, stable, and speedy development. The average speed of growth was 60% in the 1980's, and 50% in the 1990's.The annual development rate has reached over 30% on average since the new century. In 2005, Midea Group had an overall sales revenue of 5.7 billion dollars, with an increase of 40% over the previous year, and the export value exceeded 1.76 billion dollars, with an increase of 65%. In the recent voting for "China's Most Valuable Products in 2005", the brand of Midea has earned 3.402 billion US dollars, increasing form 2.515 billion US dollars in 2004, ranking No. 7 all over the country. Looking into the future, Midea will continue with a stable and sustainable development, in a bid to establish an industrial pattern of diversity, large scale, profession, regionalization, and differential management. With our healthy financial structure and the obvious edge in core competitiveness, we will be primarily able to allocate and deploy our resources around the globe. Taking the maximization of the overall enterprise value as the objective, we will further improve the structure and management of the enterprise, in order to be an international group of consumer electric appliances by the year of 2010, with standard operation and management, a clear administrative structure, as well as an annual sales amount of over 12.5 billion dollars.