Midea Robotics Grows Revenue but Not Profit as Second Curve Lags

Under the halo of a trillion-dollar robotics track, Midea's robotics business sits between ambition and commercial reality. The home-appliance giant has capital, key components and the industrial foundation of KUKA, yet it still faces insufficient scale, profit pressure and the challenge of turning volume into earnings.

Recent data from the International Federation of Robotics indicates that China's industrial robot market is expected to grow at an average annual rate of 5% to 10% through 2029. Other forecasts project that the global robotics market could exceed RMB 2 trillion a decade from now, as embodied intelligence captures industry attention.

Midea remains a prominent player among home-appliance makers entering robotics. Its position illustrates a broader gap: revenue growth alone does not guarantee profitability, and the second growth curve has not yet matured. The company's ability to scale KUKA's industrial base and convert demand into margins will determine whether robotics becomes a durable earnings engine rather than a strategic option. For investors, the key question is when higher robot sales will translate into stronger net profit. The market's long-term growth outlook remains supportive, but near-term execution is under scrutiny.