Midea Group Co., Ltd., together with its subsidiaries, manufactures and sells home appliances, and robotic and automation systems in China and internationally. It operates through five segments: Smart Home Business Group, Industrial Technology Business Group, Building Technologies Division, Robotics & Automation Division, and Digital Innovation Business. The company offers household and commercial air conditioning appliances; refrigeration, laundry, and large cooking appliances; kitchen, water, vacuum, and small domestic appliances; and lighting products. It also provides core components, such as compressors, motors, chips, variable frequency drives, servo systems, and cooling modules under the GMCC, Welling, MR, TOSHIBA, HICONICS, SUNYE, SERVOTRONIX, DORNA, etc. for household appliances, automobile industrial control, and 3C industries. In addition, the company provides building solutions; industrial robotics, automatic logistics systems, and transmission systems for future factory-related fields, as well as solutions for health care, entertainment, new consumption, etc.; software services, unmanned retail solutions, and production services; and medical imaging devices and related services, as well as smart supply chain solutions. Further, it engages in sale, wholesale, and processing of raw materials of household electrical appliances; and the provision of financial services, such as customer deposit, interbank lending and borrowing, consumption credit, buyer's credit, petty loan, factoring, and finance leasing services. Additionally, the company provides Internet of Things solutions for intelligent appliances. Midea Group Co., Ltd. was founded in 1968 and is headquartered in Foshan, China. Midea Group Co., Ltd. is a subsidiary of Midea Holding Co., Ltd.

Midea Group Co., Ltd.

Midea Group is a Chinese technology company that manufactures and distributes home appliances and HVAC systems. The company has a total revenue of $51.39 billion, employs over 166,000 people, and is ranked 278th on the Fortune Global 500 list.

Midea Group

Carrier Midea India

Midea America Corp

Midea Consumer Appliances

Midea México, Centroamérica , Caribe y Región Andina

Midea India Home Appliances

Midea America Canada Corp

Midea Europe GmbH

Midea UK (Midea Group - Fortune Global 500 Company)

Midea RAC North America

Midea Carrier

Midea Italia

Midea APAC

Midea Building Tech.

Midea Group aspires to the vision of “Bringing Great Innovations to Life”, upholding the Founders’ philosophy of creating a better life through technology. Midea Group has evolved into a global leading technology company specializing in five major business areas including Smart Home Business, Industrial and Building Technologies, Robotics &Automation, and Digital Innovation. Over the past five years, we have invested $8 Bn USD in R&D and developed a global network spanning 33 R&D centers and 40 major production sites across the world. At present, Midea Group’s products and services serve more than 500 million customers in over 200 countries and regions encompassing a brand portfolio containing Little Swan, Toshiba, WAHIN, COLMO, Clivet, Eureka, KUKA, GMCC, Welling, LINVOL, and Wandong. 

We employ 190,000 people globally with 40,000 based internationally and in 2023, we ranked 278th on the Global Fortune 500, and have A/A3/A credit ratings from S&P, Moody's and Fitch respectively.

Midea Group has positioned its five business segments with technology leadership at its core, driving simultaneous development of ToC and ToB businesses, and utilizing exceptional quality to deliver domestic and global breakthroughs. Midea Group continues to increase its investment in the 4 strategic business areas of "Technology Leadership, Direct to User, Digital Intelligence Driven and Global Breakthrough", and has the infrastructure, resources and know-how to produce cutting-edge technologies. We are committed to becoming the world leader in the Smart Home and Smart Manufacturing fields.

✨ Midea Open Day: A Global Journey into #Innovation and Opportunity for International Students✨

🎉 Midea Open Day recently welcomed talented students from around the world, offering them an amazing experience as they prepare for their university journey or start their #careers.
Participants had the chance to explore Midea’s tech, historical, and artistic spaces and engage in a variety of interactive games. They also had the opportunity to meet with alumni and executives who shared their unique insights.
This event was a fantastic opportunity for future career growth, and we look forward to supporting and inspiring the next generation of global talent through more exciting opportunities at Midea!
﻿
#OpenDay #FutureLeaders #BeTheGameChanger

On August 19th (Beijing time), we released #Midea’s 2024 semi-annual results! 🎉 
Here's a quick look at our achievements from the first half of 2024. Check out the images below for key highlights and developments. 🚀 
#MideaResults #Innovation #Growth

✨ Ready for a Smarter Tomorrow? Discover Midea’s AI+ Magic!

🌍Imagine a world where your home, your work, and your health are all seamlessly connected and enhanced by cutting-edge technology. That’s the magic of Midea’s AI+. We’re not just imagining the future—we’re creating it.
How are we making this happen? With our game-changing AI+ technology, we're pushing boundaries and setting new standards:
🔍 #SmartHome: Transforming everyday life with AI that intuitively meets your needs, making comfort effortless.💡
🤖 #IndustrialRobots: Revolutionizing production with robots that boost speed and precision, setting new industry standards.⚙️
🩺 #MedicalImaging: Delivering clearer, more accurate diagnostic results with innovative imaging technology.🔬
🏭 #IntelligentManufacturing: Crafting efficient and eco-friendly production processes that lead the way in sustainability.🔧
At Midea, AI+ isn’t just about technology; it’s about enhancing lives and shaping a better future！
Also, we want to hear from you!💬 How do you see AI+ shaping the future?
#AI #Innovation #MideaTech

🎉#InternationalYouthDay🎉 Driving Global Breakthroughs with Innovative Talent！
At Midea, we’re committed to welcoming global talent and providing young professionals with excellent growth opportunities.
We create an open and inclusive work environment where our colleagues can develop fresh ideas and ‘Bring Great Innovations to Life’. As we continue to grow and transform our operations, we extend a warm invite to the ambitious and talented next generation to be part of our journey.
If you’re ready to pursue your dreams and make an impact, come join us at Midea! We look forward to welcoming you.
Discover more about Midea careers:🔗https://careers.midea.com
#FutureLeaders #YouthEmpowerment #MideaCareer #BeTheGameChanger

🚴‍♂️ The future of cycling is here.Leading the way for a future of green mobility! 🌟

Recently, we attended #Eurobike, where MOTINOVA, Midea Group’s E-bike brand, showcased our latest innovations in mobility.
﻿
🔋 Our MIGIC series motors bring a new level of vitality to the riding experience with their powerful and lightweight design. The MIGIC T1 with its powerful 85NM to 115NM torque makes for an exhilarating mountain bike experience, and the MIGIC C1 with its sleek design and 75NM torque, offers unparalleled comfort for smooth riding with E-CITY and E-TREKKING models.
✨ MOTINOVA also comes with nine useful smart features, such as for security, route planning and ride intelligence boosting battery life. At Midea, our product innovation is committed to providing more eco-friendly and efficient cycling options to preserve the future of our planet. 🌍
#Innovation #Ebike #ElectricVehicles #MideaTech

As a globally expanding company, Midea regards its employees as Midea Gamechangers 💡 .
 
Today, we’d like to introduce an outstanding #MideaGamechanger —Alma Itzel C. from Midea México, Centroamérica , Caribe y Región Andina.
 
Alma has played a pivotal role in streamlining our social media operations in Mexico. Recently, the local Facebook account recently reached an impressive milestone of 100,000 followers—a remarkable achievement. Let’s take a moment to learn more about her journey with Midea.
 
Watch this space as we continue to share inspiring stories of Midea Gamechangers from around the world, showcasing their exceptional contributions.
 #MideaGamechanger #MideaCareer

msh id	COM:MIDEA-GROUP
symbol	333
name	Midea Group Co., Ltd.
homepage url	https://www.midea-group.com
country	CN
sector	Consumer Cyclical
industry	Furnishings, Fixtures & Appliances
market	STOCKS
employee count	198.61K
crunchbase url	-
linkedin url	-
founders	-

market cap	62.46B
enterprise value	-
stage	-
raised capital	-
valuation	-

monthly webtraffic	-
monthly webtraffic growth	-
growth score 14	-
growth score 28	-
growth score 90	-
growth score 365	-

revenue ltm	-
gross profit ltm	-
ebitda ltm	-
net income ltm	-
revenue ntm	-
gross profit ntm	-
ebitda ntm	-
net income ntm	-

growth cost and expenses	0.07
growth cost of revenue	0.05
growth depreciation and amortization	1.2
growth ebitda	0.12
growth ebitda ratio	0.04
growth eps	-
growth eps diluted	-
growth general and administrative expenses	0.16
growth gross profit	0.16
growth gross profit ratio	0.07

0003

COM:MIDEA-GROUP

Midea Group

Last Close

71.43

21/11 07:04

Market Cap

446.03B

Beta: -

Volume Today

21.65M

Avg: -

Company Information

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Financial Metrics (2022-2026)

cost and expenses	46.53B
cost of revenue	46.53B
depreciation and amortization	1.02B
ebitda	5.89B
ebitda ratio	0.11
eps	0.68
eps diluted	0.68
operating expenses	8.73B
operating income	4.87B
operating income ratio	0.09

accounts receivables	-1.35B
capital expenditure	-872.71M
cash at beginning of period	7.64B
cash at end of period	11.29B
inventory	7B
working capital ttm	29.43B

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