Midea Group Co. Overview

  • Founded
  • 1968
Founded
  • Status
  • Public
  • Employees
  • 134,897
Employees
  • Stock Symbol
  • 000333
Stock Symbol
  • Investments
  • 25
  • Share Price
  • $11.43
  • (As of Monday Closing)

Midea Group Co. General Information

Description

Midea Group Co., Ltd. is one of the largest household appliance manufacturers in China, producing air conditioners, refrigerators, washing machines and small household appliances. It is consistently ranked as one of the top three players in China by retail sales in most of the home appliance products. The firm is also involved in industrial automation systems through its 94.55% stake in Kuka, a leading global player in the industry based in Germany. Heating, ventilation, and air-conditioning, or HVAC, products accounted for 43% of Midea's total revenue in 2019, followed by other consumer appliances (39%) and robotics and automation systems (9%). In addition, more than 40% of the group's sales is ex-China.

Contact Information

Website
Ownership Status
Publicly Held
Financing Status
Formerly PE-Backed
Primary Industry
Household Appliances
Other Industries
Other Commercial Products
Stock Exchange
SHE
Primary Office
  • Number 6 Midea Avenue
  • Beijiao, Shunde
  • Foshan, Guangdong 528311
  • China
+86 0757 0000 0000
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Midea Group Co. Stock Performance

(As of Monday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$11.43 $11.32 $6.52 - $11.79 $80.3B 7.03B 22.9M $0.47

Midea Group Co. Financials Summary

In Thousands,
USD
TTM 30-Jun-2020 FY 2019 31-Dec-2019 FY 2018 31-Dec-2018 FY 2017 31-Dec-2017
EV 55,497,930 57,501,493 35,777,567 57,062,968
Revenue 37,464,846 40,269,104 39,252,280 35,619,130
EBITDA 3,577,045 3,908,379 3,676,517 3,207,799
Net Income 3,263,258 3,504,343 3,058,189 2,557,534
Total Assets 47,194,746 43,156,217 38,334,227 38,002,549
Total Debt 7,072,985 6,722,196 4,819,083 6,184,092
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Midea Group Co. Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Midea Group Co. Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last Financing Details
Midea Group Co., Ltd. is one of the largest household appliance manufacturers in China, producing air conditioners, refr
Household Appliances
Foshan, China
134,897 As of 2019
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000000000 0000000000
Qingdao, China
00000 As of 0000
00000
00000000000 00000

000000 0

ion ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit
00000 0000000000 00000000
Richardson, TX
00000 As of 0000
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Midea Group Co. Competitors (6)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Haier Group Corporation Qingdao, China 00000 00000 00000000000 00000
000000 00000000000 Corporation Richardson, TX 00000
00000 Formerly PE-Backed Hong Kong, Hong Kong 00000 00000 00000000000 00000
000 000000000000 Formerly VC-backed Shenzhen, China 00000 00000 00000000 00000
0000000000 Formerly PE-Backed Stockholm, Sweden 00000 00000000
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Midea Group Co. Executive Team (9)

Name Title Board Seat Contact Info
Fang Hongbo Chairman & President
Kurt Jovais President
Eric Tian President of Midea Commercial Air Conditioning Division
Frank Zhu Vice President & General Manager of Midea Kitchen Appliance Division
Xiao Mingguang Director
You’re viewing 5 of 9 executive team members. Get the full list »

Midea Group Co. Board Members (2)

Name Representing Role Since
0000 000000 Midea Group Co. Chairman & President 000 0000
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Midea Group Co. Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %ile
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Midea Group Co. Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Midea Group Co. Investments & Acquisitions (25)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
00 000000 27-Aug-2020 00000 00000 00 Communication Software
0000000 0000 02-Sep-2019 00000 00000 00 Application Specific Semiconductors
00000 29-Aug-2019 00000 00000 00 Machinery (B2B)
0000000 18-Jul-2019 00000 00000 00 00.000 Business/Productivity Software
Wuxi Little Swan 24-Oct-2018 Secondary Transaction - Private 00.000 Electronics (B2C)
You’re viewing 5 of 25 investments and acquisitions. Get the full list »

Midea Group Co. Subsidiaries (3)

Company Name Industry Location Founded
Clivet Machinery (B2B) Feltre, Italy 1989
0000000000 (000000 Household Appliances Peoria, IL 0000
00000000000 000000 Other Business Products and Services Petah Tiqva, Israel
To view Midea Group Co.’s complete subsidiaries history, request access »

Midea Group Co. Exits (4)

Company Name Exit Date Exit Type Exit Size Status Buyers
000000000 11-May-2017 00000 00000 00 Completed
  • 00000 00000 00.
000000000 06-Sep-2016 00000 00000 00 0000 Completed
  • 3 buyers
000000 0000000000 20-Jul-2016 0000 00000 000 Completed
  • 00000 00000 00.
EFORT Intelligent Equipment 01-Dec-2015 Secondary Transaction - Private 00.000 Completed
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