Craft

Midea

Stock Price

¥64

2024-03-15

Market Capitalization

¥446.2 B

2024-03-15

Revenue

¥314.9 B

FY, 2022

Midea Summary

Company Summary

Overview
Midea Group (美的集团股份有限公司) is a technologies group that manufactures electrical appliances. It operates through five business divisions: Smart Home Business, Electromechanical Business, HVAC and Building Technologies, Robotics and Automation, and Digital Innovation Business. The Smart Home Business group provides smart home appliances and services. The Electromechanical Business group carries out research and development, production, and sales of high-precision core components such as compressors, motors, chips, industrial control, and cooling modules. The HVAC and Building Technologies division is dedicated to providing energy, HVAC, elevator, control, and other products, solution packages, and services. The Robotics and Automation division focuses on providing solutions for industrial robotics, automatic logistics systems, and transmission systems. The Digital Innovation Business provides software services, unmanned retail solutions, and production services for the digital transformation of enterprises.
Type
Public
Status
Active
Founded
1968
HQ
Foshan, CN | view all locations
Website
https://www.midea-group.com/
Cybersecurity rating
ESG rating
50-59 out of 100|View all ESG data
Sectors

Key People

  • Fang Hongbo

    Fang Hongbo, Chairman, CEO

    • Hu Ziqiang
    • Zhang Xiaoyi

      Zhang Xiaoyi, Vice President, CIO

      • Yanmin Gu

        Yanmin Gu, Director, Vice President

        Operating MetricsView all

        Sales Volume, sets

        547.8M
        2.7%

        FY, 2022

        Inventory, sets

        87.1M

        FY, 2022

        Production Volume, sets

        539.9M
        7.7%

        FY, 2022

        LocationsView all

        34 locations detected

        • Foshan, Guangdong Province HQ

          China

          No. 6 Midea Avenue, Beijiao Shunde

        • Louisville, KY

          United States

          2700 Chestnut Station Court

        • Buenos Aires, CABA

          Argentina

          Vedia 3616 3er. Piso

        • Condell Park, NSW

          Australia

          114 Eldridge Rd

        • Dandenong South, VIC

          Australia

          7 Ordish Rd

        • Markham, ON

          Canada

          215 Shields Ct #2

        and 28 others

        Midea Financials

        Summary Financials

        Revenue (FY, 2022)
        ¥314.9B
        Gross profit (FY, 2022)
        ¥83.5B
        Net income (FY, 2022)
        ¥29.8B
        Cash (FY, 2018)
        ¥27.9B
        EBIT (FY, 2022)
        ¥31.4B
        Enterprise value
        $482.0B

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