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Midea Group Co., Ltd., together with its subsidiaries, engages in the manufacture and sale of electrical appliance in China and internationally. The company operates in Smart Home System, Building Technology, Robotics and Automation, and Industrial Technology, and Other Innovative Business. It offers smart home products such as household air conditioners, central air conditioners, heating and ventilation systems, kitchen appliances, refrigerators, washing machines, and various small appliances; commercial and industrial solutions, including products and services, such as elevators, high and low voltage frequency converters, medical imaging products, robots, and automation systems; and other businesses including smart supply chain, sales, wholesale and processing of household appliance raw materials, as well as financial businesses, such as deposit taking, interbank lending, consumer credit, buyer credit, and financial leasing. Additionally, it provides Internet of Things solutions. Midea Group Co., Ltd. was founded in 1968 and is based in Foshan, China.
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| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 53085.34M | 46689.75M | 40277.16M | 34955.93M | 33717.54M |
| Minority interest | -574.78M | -219.98M | -25.42M | -256.72M | -441.73M |
| Net income | 43945.41M | 38537.24M | 33719.93M | 29553.51M | 28573.65M |
| Selling general administrative | 58983.80M | 53259.51M | 48357.78M | 40298.79M | 38913.63M |
| Gross profit | 122512.88M | 109499.33M | 97300.40M | 85170.01M | 78834.83M |
| Reconciled depreciation | 9339.69M | 7823.84M | 7348.92M | 6507.92M | 6182.85M |
| Operating income | 46188.48M | 41122.27M | 37553.22M | 32582.94M | 27604.41M |
| Interest expense | 2211.33M | 2453.36M | 2808.10M | 1830.91M | 1357.56M |
| Tax provision | 8565.15M | 7932.53M | 6531.81M | 5145.70M | 4702.17M |
| Interest income | 8444.30M | 7200.99M | 6951.45M | 5837.71M | 5181.66M |
| Net interest income | 6137.91M | 4727.72M | 4166.39M | 3894.57M | 3587.99M |
| Total revenue | 458502.41M | 409084.27M | 373709.80M | 345708.71M | 343360.83M |
| Total operating expenses | 412313.93M | 367962.00M | 336156.59M | 313125.76M | 315756.41M |
| Cost of revenue | 335989.53M | 299584.93M | 276409.40M | 260538.70M | 264526.00M |
| Net income from continuing ops | 44520.20M | 38757.21M | 33745.35M | 29810.23M | 29015.38M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 608791.77M | 604351.85M | 486038.18M | 422555.27M | 387946.10M |
| Intangible assets | 21618.86M | 17008.98M | 18457.74M | 16908.92M | 17173.07M |
| Other current assets | 192773.89M | 106501.18M | 87958.43M | 98234.21M | 73664.19M |
| Total liab | 372367.54M | 376684.46M | 311738.53M | 270631.47M | 253121.03M |
| Total stockholder equity | 223221.30M | 227667.39M | 174299.65M | 151923.80M | 134825.08M |
| Other current liab | 92537.42M | 90434.87M | 71297.93M | 57843.53M | 48227.95M |
| Capital stock | 7597.15M | 7655.96M | 7025.77M | 6997.27M | 6986.56M |
| Retained earnings | 167228.02M | 153591.53M | 136284.35M | 119679.20M | 102982.76M |
| Good will | 34256.86M | 29581.01M | 30858.24M | 28548.65M | 27874.75M |
| Cash | 85247.15M | 140410.31M | 81673.85M | 55270.10M | 71875.56M |
| Total current liabilities | 343383.70M | 351819.81M | 251245.72M | 206341.74M | 222851.48M |
| Net debt | - | - | - | 3748.95M | - |
| Short long term debt | 43904.55M | 31008.55M | 8819.18M | 5169.48M | 5560.50M |
| Total current assets | 416662.34M | 389063.79M | 281320.98M | 261099.27M | 248864.51M |
| Short term investments | 710.72M | 6936.11M | 1790.59M | 3284.59M | 5879.20M |
| Net receivables | 40450.10M | 35798.97M | 32884.74M | 28237.97M | 24636.44M |
| Long term debt | 15853.62M | 13758.53M | 49356.71M | 53849.56M | 19734.02M |
| Inventory | 64628.83M | 63339.19M | 47339.25M | 46044.90M | 45924.44M |
| Accounts payable | 130802.37M | 118774.25M | 94238.07M | 89805.65M | 98735.57M |
| Non currrent assets other | 56058.66M | 99342.84M | 80603.53M | 42840.08M | 36374.36M |
| Non current assets total | 192129.42M | 215288.07M | 204717.20M | 161456.00M | 139081.60M |
| Capital lease obligations | 1901.05M | 1825.26M | 2047.32M | 1507.48M | 1533.55M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | 41827.88M | -81093.40M | -31219.85M | -13509.51M | 13599.59M |
| Net borrowings | -23204.79M | 12814.11M | 774.06M | 8400.23M | -5191.92M |
| Net income | 43945.41M | 38537.24M | 33719.93M | 29553.51M | 28573.65M |
| Change in cash | 13389.94M | -4768.53M | 8755.29M | 10581.93M | 17001.53M |
| Begin period cash flow | 55118.73M | 59887.26M | 51131.97M | 40550.04M | 23548.51M |
| End period cash flow | 68508.67M | 55118.73M | 59887.26M | 51131.97M | 40550.04M |
| Total cash from operating activities | 53345.93M | 60511.57M | 57902.61M | 34657.83M | 35091.70M |
| Depreciation | 9339.69M | 7823.84M | 7348.92M | 6507.92M | 6182.85M |
| Dividends paid | 32530.75M | 22412.08M | 19310.51M | 13460.82M | 12467.18M |
| Change to inventory | 2075.06M | -15794.15M | 206.06M | -423.93M | -15201.83M |
| Capital expenditures | 11141.89M | 7839.64M | 6314.05M | 7352.11M | 6825.36M |
| Change in working capital | 3889.57M | 18710.18M | 18218.94M | -612.38M | 2826.04M |
| Other non cash items | -4396.66M | -4025.87M | -3134.64M | -3226.91M | -3119.98M |
| Free cash flow | 42204.04M | 52671.94M | 51588.56M | 27305.71M | 28266.35M |
Sector: Consumer Cyclical Industry: Furnishings, Fixtures & Appliances
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| MGCLY Midea Group Co., Ltd. |
0.21 1.68% |
12.68 | 14.58 | 12.58 | 0.21 | 3.06 | 1.38 | 9.81 |
| HSHCY Haier Smart Home Co. Ltd |
0.28 2.68% |
10.74 | 9.24 | 8.53 | 0.08 | 1.39 | 0.59 | 5.39 |
| HRSHF Haier Smart Home Co. Ltd |
- -% |
2.60 | 8.97 | 8.35 | 0.08 | 1.36 | 0.58 | 5.38 |
| SN SharkNinja, Inc. |
13.70 6.51% |
224.29 | 34.59 | 23.26 | 3.41 | 8.40 | 3.48 | 22.40 |
| QIHCF Haier Smart Home Co. Ltd |
- -% |
2.42 | 7.53 | 7.66 | 0.07 | 1.22 | 0.60 | 7.19 |
Midea Group Co., Ltd., together with its subsidiaries, engages in the manufacture and sale of electrical appliance in China and internationally. The company operates in Smart Home System, Building Technology, Robotics and Automation, and Industrial Technology, and Other Innovative Business. It offers smart home products such as household air conditioners, central air conditioners, heating and ventilation systems, kitchen appliances, refrigerators, washing machines, and various small appliances; commercial and industrial solutions, including products and services, such as elevators, high and low voltage frequency converters, medical imaging products, robots, and automation systems; and other businesses including smart supply chain, sales, wholesale and processing of household appliance raw materials, as well as financial businesses, such as deposit taking, interbank lending, consumer credit, buyer credit, and financial leasing. Additionally, it provides Internet of Things solutions. Midea Group Co., Ltd. was founded in 1968 and is based in Foshan, China.
| Name | Title | Year Born |
|---|---|---|
| Mr. Hongbo Fang | President & Chairman | 1967 |
| Mr. Jianguo Wang | Chief Executive Officer & Director | 1977 |
| Ms. Zheng Zhong | Vice President, CFO & Finance Director | 1981 |
| Ms. Shu Gao | Board Secretary, Joint Company Secretary & Investor Relations Director | 1983 |
| Ms. Wenxin Zhao | VP & Chief People Officer | 1982 |
| Dr. Yanmin Gu | President of the Robotics & Automation Division, VP and Non-Independent Director | 1963 |
| Mr. Jinliang Wang | Vice President | 1967 |
| Mr. Xiaoyi Zhang | VP & Chief Digital Officer | 1974 |
| Mr. Jinwei Guan | VP, President of the Building Technologies Division & Non-Independent Director | 1981 |
| Mr. Guolin Li | VP and Director of Quality, Supply chain management & Intelligent Manufacturing | 1977 |
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