For the Chinese electronics appliance manufacturer Midea raw materials accounted for the largest share of the sales cost. In total, the company had raw material cost of over 175 billion yuan in 2023. In contrast, labor costs accounted for only around 14 billion yuan.
Leading cost cost factors of household appliance sales of Midea Group in 2023
(in billion yuan)
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Midea. (March 27, 2024). Leading cost cost factors of household appliance sales of Midea Group in 2023 (in billion yuan) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1358751/midea-group-breakdown-of-household-appliance-sales-costs/
Midea. "Leading cost cost factors of household appliance sales of Midea Group in 2023 (in billion yuan)." Chart. March 27, 2024. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1358751/midea-group-breakdown-of-household-appliance-sales-costs/
Midea. (2024). Leading cost cost factors of household appliance sales of Midea Group in 2023 (in billion yuan). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1358751/midea-group-breakdown-of-household-appliance-sales-costs/
Midea. "Leading Cost Cost Factors of Household Appliance Sales of Midea Group in 2023 (in Billion Yuan)." Statista, Statista Inc., 27 Mar 2024, https://www.statista.com/statistics/1358751/midea-group-breakdown-of-household-appliance-sales-costs/
Midea, Leading cost cost factors of household appliance sales of Midea Group in 2023 (in billion yuan) Statista, https://www.statista.com/statistics/1358751/midea-group-breakdown-of-household-appliance-sales-costs/ (last visited December 23, 2024)
Leading cost cost factors of household appliance sales of Midea Group in 2023 (in billion yuan) [Graph], Midea, March 27, 2024. [Online]. Available: https://www.statista.com/statistics/1358751/midea-group-breakdown-of-household-appliance-sales-costs/
