Type | Public | |
Founded | 1968 | |
HQ | Foshan, CN | Map |
Website | midea-group.com |
CNY | |
---|---|
Revenue (Q1, 2022) | 90.6b |
Gross profit (Q1, 2022) | 20.2b |
Gross profit margin (Q1, 2022), % | 22.3% |
Net income (Q1, 2022) | 7.2b |
EBITDA (Q1, 2022) | 6.9b |
EBIT (Q1, 2022) | 6.9b |
Market capitalization (2-Aug-2022) | 367.1b |
Closing stock price (2-Aug-2022) | 53.6 |
Cash (31-Mar-2022) | 69.8b |
EV | 393.4b |
CNY | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 |
---|---|---|---|---|
Revenue | 239.4b | 255.3b | 259.9b | 306.7b |
Cost of goods sold | (188.4b) | (198.0b) | (213.0b) | (264.6b) |
Gross profit | 71.8b | 79.6b | 71.2b | 77.1b |
Gross profit Margin, % | 30% | 31% | 27% | 25% |
CNY | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue | 75.0b | 67.2b | (75.1b) | 58.1b | 69.6b | 89.0b | 82.6b | 73.6b | 105.6b | 90.6b |
Cost of goods sold | (54.0b) | (54.6b) | 60.3b | (43.5b) | (60.1b) | (58.4b) | (63.5b) | (69.9b) | (65.7b) | (70.4b) |
Gross profit | 21.1b | 23.8b | (26.0b) | 14.6b | 20.8b | 19.2b | 19.1b | 21.4b | 22.0b | 20.2b |
Gross profit Margin, % | 28% | 35% | 35% | 25% | 30% | 22% | 23% | 29% | 21% | 22% |
CNY | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 |
---|---|---|---|---|
Cash | 27.9b | 70.9b | 81.2b | 71.2b |
Accounts Receivable | 19.4b | 18.7b | 23.0b | 24.6b |
Prepaid Expenses | 2.2b | 2.2b | 2.8b | 4.4b |
Inventories | 29.6b | 32.4b | 31.1b | 45.9b |
CNY | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
---|---|---|---|---|---|---|---|---|---|---|
Cash | 29.0b | 35.9b | 52.4b | 78.5b | 53.0b | 66.5b | 86.2b | 63.4b | 55.9b | 69.8b |
Accounts Receivable | 23.0b | 20.3b | 20.7b | 25.7b | 23.1b | 26.4b | 27.6b | 26.0b | 29.7b | |
Prepaid Expenses | 2.5b | 2.1b | 2.2b | 2.8b | 2.4b | 2.5b | 3.2b | 3.5b | 3.6b | 4.7b |
Inventories | 24.1b | 24.1b | 24.0b | 24.4b | 21.7b | 24.1b | 31.5b | 34.5b | 33.2b | 41.8b |
CNY | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 |
---|---|---|---|---|
Net Income | 21.7b | 25.3b | 27.5b | 29.0b |
Depreciation and Amortization | 4.8b | 5.2b | 5.0b | 6.2b |
Inventories | (77.4m) | (2.7b) | (1.8b) | (15.2b) |
Accounts Payable | 19.2b | 15.9b | 19.9b | 24.9b |
CNY | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
---|---|---|---|---|---|---|---|---|---|---|
Net Income | 16.1b | 14.1b | 15.2b | |||||||
Depreciation and Amortization | 2.4b | 2.5b | 3.0b | |||||||
Inventories | 5.8b | 8.1b | (3.6b) | |||||||
Accounts Payable | 12.3b | 2.9b | 14.9b |
CNY | FY, 2018 |
---|---|
Revenue/Employee | 2.1m |
Debt/Equity | 0.7 x |
Debt/Assets | 0.2 x |
Financial Leverage | 2.9 x |
Company Name | Date | Deal Size |
---|---|---|
Clivet SpA | June 25, 2016 | |
KUKA Robotics | May 18, 2016 | |
Chongqing Midea Air-Conditioning Equipment Co., Ltd. | ||
GD Midea Air-Conditioning Equipment Co. Ltd. | ||
GD Midea Group Wuhu Air-Conditioning Equipment Co. Ltd. | ||
GD Midea Heating & Ventilating Equipment Co., Ltd | ||
Hefei Hualing Co., Ltd. | ||
Hefei Midea Refrigerator Co., Ltd. | ||
Midea Group Finance Co., Ltd. | ||
Midea Group Wuhan Refrigeration Equipment Co., Ltd. |
Midea revenue breakdown by business segment: 82.9% from HOUSEHOLD APPLIANCES PRODUCTS and 17.1% from TRAILERS/MOTOR HOMES/CAMPERS
Midea revenue breakdown by geographic segment: 59.7% from CHINA (PEOPLES REPUBLIC) and 40.3% from REST OF WORLD
Midea has 648 Twitter Followers. The number of followers has increased 2.7% month over month and increased 4.3% quarter over quarter
When was Midea founded?
Midea was founded in 1968.
Who are Midea key executives?
Midea's key executives are Fang Hongbo, Hu Ziqiang and Zhang Xiaoyi.
How many employees does Midea have?
Midea has 149,239 employees.
What is Midea revenue?
Latest Midea annual revenue is ¥306.7 b.
What is Midea revenue per employee?
Latest Midea revenue per employee is ¥2.1 m.
Who are Midea competitors?
Competitors of Midea include Haier, Whirlpool and Johnson Controls.
Where is Midea headquarters?
Midea headquarters is located at No. 6 Midea Avenue, Beijiao Shunde, Foshan.
Where are Midea offices?
Midea has offices in Foshan, Hefei, Louisville, Parsippany-Troy Hills and in 28 other locations.
How many offices does Midea have?
Midea has 33 offices.
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