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000333 CS​

Midea Group Co., Ltd. Class A(000333 CS)

$85.59+0.300.35%(Market Closed · 07:04:09 UTC · (15 min delay))

Overview

ProfileEntity Structure

Financials & Metrics

FinancialsChartingEmployees

Midea Group Co., Ltd. Class A — Company Profile

Midea Group Co., Ltd., a global enterprise headquartered in Foshan, China, was established in 1968 and operates as a subsidiary of Midea Holding Co., Ltd. The company's primary focus is the manufacturing and distribution of consumer home appliances, alongside advanced robotic and automation systems, serving both domestic and international markets. Its extensive operations are structured across five key divisions: the Smart Home Business Group, Industrial Technology Business Group, Building Technologies Division, Robotics & Automation Division, and Digital Innovation Business. Midea's diverse product portfolio includes a wide array of household and commercial air conditioning units, refrigeration equipment, laundry appliances, and major cooking apparatus. It also offers various kitchen, water treatment, vacuum, and other small domestic appliances, as well as lighting solutions. Beyond consumer products, Midea is a significant supplier of crucial core components such as compressors, motors, semiconductors, variable frequency drives, servo systems, and cooling modules. These components, sold under brands like GMCC, Welling, MR, and TOSHIBA, cater to the household appliance, automotive industrial control, and 3C (Computer, Communications, Consumer Electronics) sectors. The group further provides a comprehensive suite of services and solutions, encompassing building technologies; industrial robotics, automated logistics, and transmission systems designed for future factory applications; and specialized offerings for healthcare, entertainment, and emerging consumer markets. Its capabilities also extend to software development, unmanned retail concepts, production services, medical imaging equipment and associated support, smart supply chain management, and Internet of Things (IoT) solutions for intelligent devices. Additionally, Midea Group is involved in the trade and processing of raw materials used in electrical appliances and offers a range of financial services. These include customer deposits, interbank lending and borrowing, various credit facilities (consumption, buyer's, petty loans), factoring, and finance leasing services.

Sector
Energy
Industry
Oil, Gas & Consumable Fuels
Exchange
CS
CEO
Jianguo Wang
Headquarters
Foshan, GD, CN
IPO Date
Sep 18, 2013
Employees
198,570
Website
www.midea.com.cn

Key Metrics

Price
$80.10
Market Cap
$610.99B
Revenue (TTM)
$131.58B
Net Income (TTM)
$12.67B
EPS (TTM)
1.67
P/E (TTM)
13.82
P/B (TTM)
2.63
Dividend Yield
5.17%
ROE (TTM)
5.46%
ROA (TTM)
2.06%
Operating Margin
10.45%
Beta
-0.07

Dividends

Last Dividend
$0.50
Last Yield
0.05%

Summary

Midea Group Co., Ltd., a global enterprise headquartered in Foshan, China, was established in 1968 and operates as a subsidiary of Midea Holding Co., Ltd. The company's primary focus is the manufacturing and distribution of consumer home appliances, alongside advanced robotic and automation systems, serving both domestic and international markets. Its extensive operations are structured across five key divisions: the Smart Home Business Group, Industrial Technology Business Group, Building Technologies Division, Robotics & Automation Division, and Digital Innovation Business. Midea's diverse product portfolio includes a wide array of household and commercial air conditioning units, refrigeration equipment, laundry appliances, and major cooking apparatus. It also offers various kitchen, water treatment, vacuum, and other small domestic appliances, as well as lighting solutions. Beyond consumer products, Midea is a significant supplier of crucial core components such as compressors, motors, semiconductors, variable frequency drives, servo systems, and cooling modules. These components, sold under brands like GMCC, Welling, MR, and TOSHIBA, cater to the household appliance, automotive industrial control, and 3C (Computer, Communications, Consumer Electronics) sectors. The group further provides a comprehensive suite of services and solutions, encompassing building technologies; industrial robotics, automated logistics, and transmission systems designed for future factory applications; and specialized offerings for healthcare, entertainment, and emerging consumer markets. Its capabilities also extend to software development, unmanned retail concepts, production services, medical imaging equipment and associated support, smart supply chain management, and Internet of Things (IoT) solutions for intelligent devices. Additionally, Midea Group is involved in the trade and processing of raw materials used in electrical appliances and offers a range of financial services. These include customer deposits, interbank lending and borrowing, various credit facilities (consumption, buyer's, petty loans), factoring, and finance leasing services.

Website
www.midea.com.cn
Location
Foshan, GD, CN
Phone86 75 7226 07708
Employees198,570
CEOJianguo Wang
Sector
Energy
Industry
Oil, Gas & Consumable Fuels
IPO DateSep 18, 2013

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Key Stats

Trading

Px/Chg 1D$80.10 / -1.91%
Avg Volume34.16M
Beta-0.07
Mkt Cap610.99B
FD Mkt Cap657.36B

Float

Shrs Out/Float7.63B / 4.26B
Short Float0.00%
Days to Cover0.00
Stock Repurchased$0.00

Current Valuation

EV622.95B
EV/EBITDA10.86
EV/Sales1.35
P/B2.63
P/S1.33
FCF Yield2.33%
ROE5.46%
ROA2.06%
Current Ratio1.21

Dividend

Cash$0.50
Yield5.17%
Yield (TTM)5.17%

Estimates

P/E13.82
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgMar '23Mar '24Mar '25Mar '26Sep '26
PRICE-BASED RATIOS
Price / Earnings35.5512.5213.0314.1189.9248.21
Price / Sales2.811.071.181.345.814.64
Price / Book Value2.572.592.702.512.442.63
Price / Free Cash Flow-10.3113.558.5110.32-126.8842.97
ENTERPRISE VALUE METRICS
Enterprise Value513,323.7417,037.2465,472.8526,445.8534,713.6622,949.2
Enterprise Value / Sales2.841.211.251.295.704.73
Enterprise Value / EBITDA24.139.749.369.3851.9940.16
Enterprise Value / EBIT28.5011.4910.9810.9068.9940.16

Financials

Full Financials
Millions CNY5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue7.6%341,751.4344,142.8371,893.3406,964.6458,502.4
Gross Income12.3%77,125.483,547.095,448.7107,374.7122,512.9
EBITDA12.1%40,933.442,798.749,753.456,139.864,636.4
EBIT12.3%34,750.536,290.842,404.548,315.955,296.7
Net Income11.4%28,573.729,553.533,719.938,537.243,945.4
EPS (Diluted)8.8%4.134.324.925.425.78
BALANCE SHEET
Cash & ST Inv-8.2%120,812.0134,303.0147,404.4223,105.785,957.9
Total Assets11.9%387,946.1422,555.3486,038.2604,351.9608,791.8
Total Liabilities10.1%253,121.0270,631.5311,738.5376,684.5372,367.5
Total Shareholder Equity15.6%124,868.1142,935.2162,878.8216,750.1223,221.3
CASH FLOW
Net Operating Cash Flow11%35,091.734,657.857,902.660,511.653,345.9
Cap Ex13%-6,825.4-7,352.1-6,314.1-7,839.6-11,141.9
Free Cash Flow10.5%28,266.327,305.751,588.652,671.942,204.0

Enterprise Value Bridge

Millions CNY23 Oct '26
Price (As of 23 Oct '26)84.68
Basic Shares7,627.79
Market Cap645,920.9
Diluted Shares7,603.28
Fully Diluted Shares Outstanding7,603.28
Fully Diluted Market Cap643,845.4
+Consolidated Debt92,922.3
−In-the-Money Convertible Debt—
+Capital Leases1,975.0
+Operating Leases—
−Cash & Equivalents-94,092.1
−Short-term Investments-2,330.5
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest13,133.4
+Pension Liabilities—
Enterprise Value657,884.5

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