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Midea Group Co.

Midea Group Co.
$8.06 SHARE PRICE (As of Thursday Closing)

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 42% of Midea's total revenue in 2018, followed by other consumer appliances (40%) and robotics and automation systems (10%). In addition, more than 40% of the group's sales is ex-China.

Ownership Status
Publicly Held
Financing Status
Formerly PE-Backed
Primary Industry
Household Appliances
Other Industries
Other Commercial Products
Stock Exchange
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

52 wk Range Market Cap Prev. Close EPS Average Volume Shares
$5.21 - $8.71 $55.9B $8.07 $0.52 25.5M 6.94B

Midea Group Co. Financials Summary

In Thousands,
FY 2018
FY 2017
FY 2016
Enterprise Value 51,299,300 35,734,420 56,994,530 26,100,683
Revenue 39,967,239 39,252,280 35,619,130 23,877,511
EBITDA 3,855,790 3,379,492 3,092,523 2,787,160
Net Income 3,438,847 3,058,189 2,557,534 2,204,584
Total Assets 40,046,041 38,334,227 38,002,548 24,568,782
Total Debt 6,084,697 4,791,660 6,145,717 1,454,181
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Midea Group Co. Valuation and Funding

Deal Type Date Amount Post-Val Valuation/
Debt Status

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Midea Group Co. Competitors (16)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Haier Group Corporation Qingdao, China 00000 00000 00000000000 00000
00000 Formerly PE-Backed Hong Kong, Hong Kong 00000 00000 00000000000 00000
000000 00000000000 Corporation Richardson, TX 00000
0000000 Corporate Backed or Acquired Velenje, Slovenia 00000 000000&0
000000 00000000000 Corporation Gillingham, United Kingdom 00000 00000000
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Midea Group Co. Investments & Acquisitions (18)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
00000000000 02-Sep-2019 00000 00000 00 Computers, Parts and Peripherals
00000 29-Aug-2019 00000 00000 00 Machinery (B2B)
0000000 18-Jul-2019 00000 00000 00 00.000 Business/Productivity Software
0000 000000 0000 24-Oct-2018 000000000 00000000 00.000 Electronics (B2C)
SoundHound 03-May-2018 Corporate 00000 Communication Software 00000000 00
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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
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Midea Group Co. Investors

Investor Name Investor Type Holding Participating Rounds Investor Since Board Seat Contact Info

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Midea Group Co. Executive Team (8)

Name Title Board
Fang Hongbo Chairman & President
Eric Tian President of Midea Commercial Air Conditioning Division
Xiao Mingguang Chief Financial Officer
Frank Zhu Vice President & General Manager of Midea Kitchen Appliance Division
Carly Xiao U.S. Investment Lead

3 Former Executives

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Midea Group Co. Board Members (2)

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

1 Former Board Member

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