1. China Stocks

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    Consumer durables

  3. •

    Electronics/Appliances
Midea Group Co. Ltd. Class A

Midea Group Co. Ltd. Class A

10.60
EUR
-0.03
(-0.26%)
0.77EPS
12.14P/E
75.76BMarket Cap
Oct 29Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
24.84
21.25
20.72
23.54
35.17
37.65
39.24
38.96
47.33
47.95
51.61
54.54
57.16
62.3
Basic EPS, GAAP
1.09
1.57
1.89
2.16
2.51
2.91
3.4
3.71
3.94
4.1
4.66
5.14
5.48
6
Free Cash Flow per Basic Share
1.63
3.3
3.51
3.59
3.09
3.2
4.94
3.4
3.9
3.79
7.12
7.02
5.26
- -
Dividend per Share
0.13
0.53
0.65
0.81
1.03
1.22
1.32
1.69
1.72
1.87
2.67
2.99
4.06
7.22
Book Value per Share
4.91
5.9
7.26
8.94
10.62
11.78
13.77
15.79
16.88
19.29
21.9
26.74
27.75
26.41
Tangible Book Value per Share
3.97
4.94
6.41
7.1
4.27
5.36
7.85
9.75
10.79
13.16
15.27
20.99
20.81
19.99
Basic Weighted Avg Shares
4,881
6,698
6,726
6,789
6,879
6,954
7,120
7,334
7,255
7,209
7,241
7,500
8,022
7,684
Sales/Revenue/Turnover
121,265
142,311
139,347
159,842
241,919
261,820
279,381
285,710
343,361
345,709
373,710
409,084
458,502
478,742
Operating Margin (%)
7.15
9.56
9.71
9.92
8.2
9.29
9.72
9.05
8.04
9.42
10.05
10.05
10.07
10.28
Depreciation Expense
2,400
3,320
2,852
3,578
6,696
4,817
5,168
5,020
6,183
6,508
7,349
7,824
9,340
- -
Net Income, GAAP
5,317
10,502
12,707
14,684
17,284
20,231
24,211
27,223
28,574
29,554
33,720
38,537
43,945
46,100
Effective Tax Rate (%)
17.12
16.76
15.12
16.14
14.84
16
15.54
13.13
13.95
14.72
16.22
16.99
16.13
16.12
Profit Margin (%)
4.38
7.38
9.12
9.19
7.14
7.73
8.67
9.53
8.32
8.55
9.02
9.42
9.58
9.63
Working Capital
8,679
13,284
21,364
31,437
50,719
52,458
72,164
57,505
26,013
54,758
30,075
37,244
73,279
55,409
LT Debt
864
172
90
7,073
37,539
32,091
41,298
42,827
21,268
55,357
51,404
15,584
17,755
24,002
Total Equity
39,081
45,731
56,032
68,977
82,925
92,455
107,496
124,237
134,825
151,924
174,300
227,667
236,424
225,793
Return on Invested Capital (%)
15.82
21.09
21.67
20.38
17.82
16.43
16.91
15.67
14.91
14.1
14.15
13.44
14.12
14.08
Return on Capital (%)
5.98
18.45
21.16
19.75
16.58
15.17
16.56
16.55
15.67
15.04
15.38
14.34
14.64
14.86
Return on Common Equity (%)
22.55
29.04
28.66
26.62
25.63
25.8
26.21
24.84
23.58
22.07
22.05
20.3
19.98
20.83

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
49,726
39,551
52,368
LT Borrowings
15,854
16,699
22,083
LT Finance Leases
1,901
1,975
1,919
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
8,043
8,050
8,060
Market Capitalization
614,832
587,254
587,230

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
416,662
411,205
437,100
Cash, Cash Equivalents & STI
85,958
96,423
93,798
Accounts Receivable, Net
40,450
52,537
61,955
Inventories
64,629
57,824
55,441
Total Current Liabilities
343,384
338,457
381,691
Payables & Accruals
- -
- -
- -
ST Debt
49,726
39,551
52,368
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.7%
14.08%
3.85%
Free Cash Flow
10.51%
16.26%
-19.87%
Net Income, GAAP
13.32%
10.16%
14.03%
Sales/Revenue/Turnover
13.38%
10.1%
12.08%
Total Cash Common Dividend
23.07%
22.64%
45.15%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
106,483
111,639
102,228
88,734
409,084
2025
128,428
123,903
- -
93,786
458,502
2026
131,581
129,472
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.24
1.69
1.56
0.89
5.14
2025
1.55
1.77
- -
0.8
5.48
2026
1.6
1.83
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
3.04
0.06
0.05
2.99
2025
0.06
3.23
- -
0.57
4.06
2026
0.04
3.46
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Jianguo Wang
Full Time Employees
198,570
Sector
Consumer durables
Industry
Electronics/Appliances
Address
Midea Headquarters Building Foshan GD China 528311
IPO Date
Sep 18, 2013
Website
midea-group.com
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Business
Midea Group Co., Ltd. (000333.SZ) manufactures and distributes a broad range of consumer appliances and commercial equipment, including air conditioners, refrigerators, washing machines, kitchen appliances, small domestic appliances, commercial air conditioners, industrial robots, and automated equipment; the company also provides HVAC solutions, robotics and automation systems, digital platforms, and intelligent building technologies. Founded in 1968 and headquartered in Shunde, Foshan, China, Midea operates globally across more than 190 countries and regions, serving residential, commercial, and industrial customers through segments such as smart home appliances, new energy solutions, robotics, and digital platforms. In recent developments, Midea has pursued strategic expansions including the launch of advanced AI-integrated appliances and robotics products in 2024-2025, alongside key partnerships for international market growth and acquisitions to bolster its automation and new energy businesses; notable changes encompass investments in overseas manufacturing facilities and a reorganization emphasizing intelligent manufacturing and sustainable technologies within the last two years. The company maintains subsidiaries worldwide and focuses on innovation-driven segments like high-end kitchen systems under brands such as Midea, Colmo, and Toshiba home appliances.