Midea Group Co. Overview

  • Founded
  • 1968
Founded
  • Status
  • Public
  • Employees
  • 149,239
Employees
  • Stock Symbol
  • 000333
Stock Symbol
  • Investments
  • 31
  • Share Price
  • $11.82
  • (As of Wednesday 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 42% of Midea's total revenue in 2020, followed by other consumer appliances (40%) and robotics and automation systems (8%). In addition, more than 40% of the group's sales is ex-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
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 Wednesday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$11.82 $11.53 $9.37 - $16.76 $82.9B 6.99B 29.5M $0.64

Midea Group Co. Financials Summary

In Thousands,
USD
TTM 30-Sep-2021 FY 2020 31-Dec-2020 FY 2019 31-Dec-2019 FY 2018 31-Dec-2018
EV 76,148,053 105,164,986 57,524,598 36,755,208
Revenue 50,781,880 41,355,563 40,433,249 39,577,949
EBITDA 4,897,569 4,241,968 3,907,972 3,676,517
Net Income 4,398,337 3,940,441 3,503,977 3,058,189
Total Assets 58,151,581 55,160,884 43,156,217 38,334,227
Total Debt 9,313,273 9,043,117 6,926,071 5,841,590
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, refrige
Household Appliances
Foshan, China
149,239 As of 2020
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00000000000 (000)
Osaka, Japan
00000 As of 0000
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00000000000 (000)
Stockholm, Sweden
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Midea Group Co. Competitors (5)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Daikin Industries Corporation Osaka, Japan 00000 00000000
0000000000 Formerly PE-Backed Stockholm, Sweden 00000 00000000
00000 Formerly PE-Backed Hong Kong, Hong Kong 00000 00000 0000 00000
00000 00000 Corporation Qingdao, China 00000 00000 00000000000 00000
000000 00000000000 Corporation Richardson, TX 00000 00000000
You’re viewing 5 of 5 competitors. Get the full list »

Midea Group Co. Patents

Midea Group Co. Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20210333010-A1 Dehumidifier with condensate tank Pending 15-May-2020 000000000
US-20210341175-A1 Window air conditioning unit anti-tip bracket assembly Pending 30-Apr-2020 000000000
US-20210332990-A1 Dehumidifier with condensate tank Pending 24-Apr-2020 0000000000
US-20210307129-A1 Microwave cooking appliance with leak detection Pending 31-Mar-2020 0000000000
US-20210307130-A1 Microwave cooking appliance with user interface display Pending 31-Mar-2020 H05B6/6435
To view Midea Group Co.’s complete patent history, request access »

Midea Group Co. Executive Team (11)

Name Title Board Seat Contact Info
Fang Hongbo Chairman & President
Kurt Jovais President
Eric Tian President of Midea Commercial Air Conditioning Division
Jeremy Choy Chief Financial Officer
Frank Zhu Vice President & General Manager of Midea Kitchen Appliance Division
You’re viewing 5 of 11 executive team members. Get the full list »

Midea Group Co. Board Members (4)

Name Representing Role Since
0000 000000 Midea Group Co. Chairman & President 000 0000
You’re viewing 1 of 4 board members. Get the full list »

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 (31)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
000 000000000 14-Jan-2022 000 00.000 Application Specific Semiconductors
00000 15-Oct-2021 000 00000 Electrical Equipment
000000 000000 20-Jan-2021 00000 0000 Electronics (B2C)
00000 05-Jan-2021 00000 0000 000.00 Application Specific Semiconductors
Nexchip Semiconductor 25-Sep-2020 Later Stage VC 00000 Production (Semiconductors)
You’re viewing 5 of 31 investments and acquisitions. Get the full list »

Midea Group Co. Subsidiaries (4)

Company Name Industry Location Founded
Midea Venture Corporate Venture Capital Shenzhen, China 2015
000000 Machinery (B2B) Feltre, Italy 0000
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 26-May-2017 000000000 00000000 00.000 Completed
  • 00000 00000 00.
000000000 06-Sep-2016 00000 00000 00 000.00 Completed
  • 4 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
To view Midea Group Co.’s complete exits history, request access »