Midea Group Overview

  • Year Founded
  • 1968

Year Founded

  • Status
  • Public

  • Employees
  • 198,613

Employees

  • Stock Symbol
  • 000333

Stock Symbol

  • Investments
  • 41

  • Share Price
  • $8.95
  • (As of Tuesday Closing)

Midea Group General Information

Description

Midea Group Co., Ltd. is one of the largest household appliance manufacturers in China, with key products such as 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 home appliance categories. The firm also engages in industrial automation and robotics systems through wholly owned Kuka, a global market leader based in Germany. Heating, ventilation, and air conditioning, or HVAC, products generally contribute the most to Midea's revenue, followed by other consumer appliances, and robotics and automation systems. In addition, Midea generates around 40% of sales outside China.

Contact Information

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

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Midea Group Stock Performance

(As of Tuesday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$8.95 $9.08 $6.82 - $10.20 $62.4B 6.98B 30.1M $0.71

Midea Group Financials Summary

In Thousands,
USD
TTM 31-Mar-2024 FY 2023 31-Dec-2023 FY 2022 31-Dec-2022 FY 2021 31-Dec-2021
EV 62,286,140 55,334,325 53,947,495 81,358,963
Revenue 53,640,258 52,822,070 51,333,678 53,175,867
EBITDA 5,252,319 5,107,340 4,595,582 4,629,562
Net Income 4,849,716 4,766,149 4,388,348 4,425,166
Total Assets 69,975,756 68,566,175 61,246,107 60,862,883
Total Debt 9,749,522 10,535,354 9,822,323 8,750,351
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Midea Group Valuation & Funding

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

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Midea Group 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, with key products such as air co
Household Appliances
Foshan, China
198,613 As of 2023
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Hong Kong, Hong Kong
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Cookeville, TN
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Midea Group Competitors (12)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Haier Formerly PE-Backed Hong Kong, Hong Kong 00000 00000 0000
Oreck Direct Corporate Backed or Acquired Cookeville, TN 0000 0000 000000&0 0000
Havells Corporation Noida, India 0000 00000 00000000000 00000
Gree Electric Appliances Corporation Zhuhai, China 00000 00000000000
Gorenje UK Corporate Backed or Acquired Leeds, United Kingdom 000000&0
You’re viewing 5 of 12 competitors. Get the full list »

Midea Group Patents

Midea Group Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20240188789-A1 Wall mounted dishwasher Pending 23-Feb-2024 000000000
US-20240190281-A1 Electric vehicle supply equipment (evse) powered appliance with load shedding Pending 09-Dec-2022 000000000
US-20240191416-A1 Laundry washing machine with automatic temperature control Pending 09-Dec-2022 000000000
US-20240188750-A1 Density-based coffee roast level characterization and/or dynamic coffee grinder control Pending 07-Dec-2022 000000000
EP-4368903-A2 Fresh air device, control method for fresh air device, and storage medium Pending 31-Oct-2022 F24F12/006
To view Midea Group’s complete patent history, request access »

Midea Group Executive Team (14)

Name Title Board Seat Contact Info
Fang Hongbo Chairman & Chief Executive Officer
Kurt Jovais Global Director of Product Development , Special Assistant
Yanmin Gu President of the Robotics & Automation Division, Vice President and Non-Independent Director
Eric Tian President of Midea Commercial Air Conditioning Division
Cai Weiding Chief Financial Officer
You’re viewing 5 of 14 executive team members. Get the full list »

Midea Group Board Members (4)

Name Representing Role Since
0000 000000 Midea Group Chairman & Chief Executive Officer 000 0000
0000 00 Self Director 000 0000
000000 00 Midea Group President of the Robotics & Automation Division, Vice President and Non-Independent Director 000 0000
You’re viewing 3 of 4 board members. Get the full list »

Midea Group Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-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 Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Midea Group Investments & Acquisitions (41)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Teka Industrial 07-Jun-2024 0000000000 Household Appliances
Arbonia Climate 18-Apr-2024 0000000000 00000 Other Commercial Products
Shenzhen CLOU Electronics 31-May-2023 0000 00000 Electrical Equipment
Shenzhen CLOU Electronics 23-May-2022 000000000 00000 Electrical Equipment
Ttium Motor 29-Mar-2022 Merger/Acquisition Electrical Equipment
You’re viewing 5 of 41 investments and acquisitions. Get the full list »

Midea Group Subsidiaries (6)

Company Name Industry Location Founded
Ttium Motor Electrical Equipment Wuhan, China 2016
Midea Venture Corporate Venture Capital Shenzhen, China 0000
Clivet Electrical Equipment Feltre, Italy 0000
Servotronix Motion Control Electronic Equipment and Instruments Petah Tikva, Israel 0000
Electrolux (Eureka) Household Appliances Parsippany, NJ 0000
You’re viewing 5 of 6 subsidiaries. Get the full list »

Midea Group ESG

Risk Overview

Risk Rating

Updated April, 27, 2024

24.52 | Med Risk

Risk Scale

A lower score indicates better sustainability

Negl

0-10

Low

10-20

Med

20-30

High

30-40

Severe

40+

Exposure

Exposure refers to the extent to which a company is exposed to different material ESG issues

00.00

Management

Management is related to actions taken to manage ESG issues

00.00

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

00 of 16,191

Rank

00.00

Percentile

Consumer Durables

Industry

00 of 234

Rank

00.00

Percentile

Home Appliances

Subindustry

00 of 73

Rank

00.0

Percentile

To view Midea Group’s complete esg history, request access »

Midea Group Exits (6)

Company Name Exit Date Exit Type Exit Size Status Buyers
Nexchip Semiconductor 25-Sep-2020 00000 00000 00 00000 Completed
  • 9 buyers
SoundHound AI 03-May-2018 00000 00000 00 00000 Completed
  • 18 buyers
Espressif 26-May-2017 000000000 00000000 00.000 Completed
  • 00000 00000
Espressif 06-Sep-2016 00000 00000 00 000.00 Completed
  • 4 buyers
Shequn Technology 20-Jul-2016 Seed Round 000 Completed
You’re viewing 5 of 6 exits. Get the full list »

Midea Group FAQs

  • When was Midea Group founded?

    Midea Group was founded in 1968.

  • Who is the founder of Midea Group?

    He Xiangjian is the founder of Midea Group.

  • Who is the CEO of Midea Group?

    Fang Hongbo is the CEO of Midea Group.

  • Where is Midea Group headquartered?

    Midea Group is headquartered in Foshan, China.

  • What is the size of Midea Group?

    Midea Group has 198,613 total employees.

  • What industry is Midea Group in?

    Midea Group’s primary industry is Household Appliances.

  • Is Midea Group a private or public company?

    Midea Group is a Public company.

  • What is Midea Group’s stock symbol?

    The ticker symbol for Midea Group is 000333.

  • What is the current stock price of Midea Group?

    As of 18-Jun-2024 the stock price of Midea Group is $8.95.

  • What is the current market cap of Midea Group?

    The current market capitalization of Midea Group is $62.4B.

  • What is Midea Group’s current revenue?

    The trailing twelve month revenue for Midea Group is $53.6B.

  • Who are Midea Group’s competitors?

    Haier, Oreck Direct, Havells, Gree Electric Appliances, and Gorenje UK are some of the 12 competitors of Midea Group.

  • What is Midea Group’s annual earnings per share (EPS)?

    Midea Group’s EPS for 12 months was $0.71.

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