Midea Group Co., Ltd. Website

Midea Group Co., Ltd.

SZSE-000333

Company Overview

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.

  • Name

    Midea Group Co., Ltd.

  • CEO

    Hongbo Fang

  • Website

    www.mideahk.com

  • Sector

    Household Durables

  • Year Founded

    1968

Company Statistics

Profile

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Bulls Say

  • Upgrade and replacement demand will continue to support sales of home appliances; and Midea should benefit more than its peers, given its leading position in the industry.

  • China’s transition to a consumption driven economy will help maintain demand for household appliances and Midea should better capture the growth given its wide range of innovative products.

  • Midea’s robotic and automation systems business should experience more rapid demand growth, exacerbated by an aging population, shortage of labor force, and rising labor costs in China.

Bears Say

  • China’s worsening real estate sector would further weigh on demand for domestic home appliances.

  • Prolonged inflation in the US and Europe could reduce demand for white goods as consumers are less willing to spend, hence delaying Midea's overseas expansion plan.

  • Rising raw material prices and freight cost would pressure Midea’s earnings, as materials and logistics costs typically account for over 80% of the cost of sales.

Source: Morningstar Analysis - Oct 30, 2025
SZSE:000333