Midea Group Co Ltd (0300) Stock Price & News

(CNY)	Sep 2024	Y/Y change
Revenue	101.70B	8.05%
Operating expense	16.92B	13.63%
Net income	10.89B	14.86%
Net profit margin	10.71	6.25%
Earnings per share	1.46	17.73%
EBITDA	11.35B	-8.81%
Effective tax rate	14.96%	—

Balance Sheet

Total assets

Total liabilities

(CNY)	Sep 2024	Y/Y change
Cash and short-term investments	167.87B	112.34%
Total assets	567.15B	21.96%
Total liabilities	346.85B	16.88%
Total equity	220.30B	—
Shares outstanding	7.04B	—
Price to book	2.26	—
Return on assets	4.58%	—
Return on capital	8.90%	—

Cash Flow

Net change in cash

(CNY)	Sep 2024	Y/Y change
Net income	10.89B	14.86%
Cash from operations	26.78B	78.48%
Cash from investing	-69.93B	-965.76%
Cash from financing	40.94B	687.18%
Net change in cash	-2.19B	-245.18%
Free cash flow	-31.31B	14.61%

About

Midea Group is a Chinese electrical appliance manufacturer, headquartered in Beijiao town, Shunde District, Foshan, Guangdong and listed on Shenzhen Stock Exchange since 2013. As of 2021, the firm employed approximately 150,000 people in China and overseas with 200 subsidiaries and over 60 overseas branches. It has been listed on the Fortune Global 500 since July 2016. Midea produces lighting, water appliances, floor care, small kitchen appliances, laundry, large cooking appliances, and refrigeration appliances. It is the largest microwave oven manufacturer, and acts an OEM for many brands. It also has a long history in producing home and commercial products in heating, ventilation and air conditioning. It is the world's largest producer of industrial robots and appliances. Wikipedia

CEO

Founded

1968

Headquarters

Beijiaozhen, Guangdong Province
China

Website

midea.com.cn

Employees

190,000