Midea Group Co. Ltd.


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Feb 23, 2018
Prev close: 57.55
Feb 23, 2018
Market cap:
Market cap(USD):
Shares: 6,575.45M

Currency in CNY

Company profile

Market(Ticker): SHE(000333)
Consumer Durables
Full time employees: 96,418

Business summary

Midea Group Co., Ltd. manufactures and sells home and commercial electric appliances. Its business segments include large appliances, water, kitchen, large & small cooking, heating, ventilation, electrical and logistics appliances. Its products include air conditioner, fan, bakery machine, rice cooker, microwave, oven, induction cooker, micro-electric air pot, kettle, vacuum cleaner, humidifier, heater, washing machine, water appliances, floor care, and dehumidifier. The company was founded by He Xiang Jian in 1968 and is headquartered in Foshan, China.

Company background

Chinese home appliance maker Midea Group offers products such as air conditioners, refrigerators, washing machines and microwave ovens. Its main competitor is China's top air conditioner maker, Gree Electric Appliances.

He Xiangjian set up the company with friends in 1968 in the town of Foshan, Guangdong Province, beginning with a small operation producing plastic parts. It built earnings with electric fans and the like, and listed on the Shenzhen Stock Exchange in 1993. In 2012, He stepped down, replaced by current Chairman Fang Hongbo.

At the end of 2014, smartphone maker Xiaomi invested in Midea, taking a 1.288% stake. They plan to deepen their business relationship by combining Midea's home-appliance technology with smartphones to jointly produce, for example, a system to easily operate home appliances using smartphones. Recently, Midea has been building partnerships with other companies, including online retailer Jingdong Group.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 158,764.58M
Gross profit 42,706.69M
Operating income 16,370.68M
Income before tax 18,748.69M
Net income 14,684.35M
EBITDA 19,948.68M
Diluted EPS 2.28
Dividends per share 1
Total assets 170,600.71M
Total liabilities 101,621.61M
Total equity 61,126.92M
Operating cash flow 28,649.05M

Currency in CNY

Revenue 23,897.52M
Gross profit 6,428.28M
Operating income 2,464.14M
Income before tax 2,822.08M
Net income 2,210.31M
EBITDA 3,002.71M
Diluted EPS 0.34
Dividends per share 0.15
Total assets 24,548.63M
Total liabilities 14,622.86M
Total equity 8,795.87M
Operating cash flow 4,312.30M

Currency in USD

Valuation measures

Dec 2016

PER 12.30
ROA 9.80%
ROE 26.61%
Operating margin 10.31%
Profit margin 9.24%

Key executive

  • Chairman & President: Hong Bo Fang
  • Chairman-Supervisory Board: Min Lu
  • Chief Financial Officer: Ming Guang Xiao
  • Vice President & Head-Domestic Marketing: Jin Liang Wang
  • Director & Vice President: Fei De Li

Share holders

  • HE XIANG JIAN(35.2%)
  • China Securities Finance Corp. Ltd.(3.1%)
  • Hillhouse Capital Management Ltd. (China)(1.8%)
  • HUANG JIAN /MIDEA/(1.4%)
  • China Investment Corp. (Investment Management)(1.2%)
  • YUAN LI QUN(1.1%)
  • FU XUAN(1.0%)
  • LI JIAN WEI /MIDEA/(1.0%)
  • China Universal Asset Management Co., Ltd.(0.9%)
  • China Asset Management Co., Ltd.(0.8%)


  • Website:
  • Address: Midea Headquartere Building, No. 6 Midea Avenue, Foshan, 528311, China
  • Phone: +86.757.2633.8888

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