Midea Group Co Ltd - Company Profile

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Midea Group Co Ltd (Midea) is a manufacturer, marketer, and seller of diversified products, including consumer appliances, HVAC (heating, ventilation and air-conditioning) systems, robotics and industrial automation and smart supply chain. The company’s major products include both residential and commercial air-conditioners, laundry appliances, kitchen appliances, refrigerators, smart logistics, components, and various small home appliances. It also provides installation, maintenance, after-sale and professional services. Midea markets their products under the brands of Midea, Little Swan, Toshiba, Comfee, Toshiba, Eureka, COLMO, Beverly and Vandelo brand names. The company has business operations in Asia-Pacific, the Americas, Europe, the Middle East and Africa. Midea is headquartered in Foshan City, Guangdong, China.

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Headquarters China

Address No. 6 Midea Avenue, Midea New Headquarter Building, Foshan, Guangdong, 528311


Telephone 86 757 22607708

No of Employees 198,613

Industry Consumer Packaged Goods

Ticker Symbol & Exchange 000333 (SHE)

Revenue (2022) $52.8B 8.1% (2022 vs 2021)

EPS XYZ

Net Income (2022) XYZ 14.1% (2022 vs 2021)

Market Cap* $66.9B

Net Profit Margin (2022) XYZ 5.5% (2022 vs 2021)

* As of and is in US$
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Midea Group Co Ltd premium industry data and analytics

2

IT Services Contracts

Improve competitive bidding with insights into all publicly disclosed IT services contracts for Midea Group Co Ltd (including IT outsourcing, business process outsourcing, systems integration & consulting and more).

1

ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on Midea Group Co Ltd’s likely spend across technology areas enabling you to understand the digital strategy.

Products and Services

Products Services Brands
Air Compressors Installation Midea
Air Conditioners Maintenance Little Swan
Bread Makers After-Sales Services Comfee
XYZ XYZ XYZ
XYZ XYZ XYZ
XYZ XYZ XYZ
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2024 New Products/Services In March, the company launched small appliances lineup in Chicago, Illinois, the US.
2024 New Products/Services In March, the company launched the Midea P8 Plus, a cordless vacuum cleaner with a docking station.
2024 Corporate Changes/Expansions In February, the company opened its showroom and distribution center in New York, the US.
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Competitor Comparison

Key Parameters Midea Group Co Ltd Samsung Electronics Co Ltd Haier Smart Home Co Ltd Gree Electric Appliances Inc of Zhuhai A. O. Smith Corp
Headquarters China South Korea China China United States of America
City Foshan Suwon Qingdao Zhuhai Milwaukee
State/Province Guangdong Seoul Shandong Guangdong Wisconsin
No. of Employees 198,613 98,557 112,458 72,380 12,000
Entity Type Public Public Public Public Public
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Executives
Name Position Board Since Age
Fang Hongbo Chairman; Chief Executive Officer Executive Board 2012 55
Zhong Zheng Director - Finance; Chief Financial Officer Senior Management 2022 41
Zhang Xiaoyi Vice President; Chief Information Officer Senior Management 2018 49
Zhao Wenxin Director - Human Resource; Chief People Officer Senior Management 2022 40
Gu Yanmin Director; Vice President Executive Board 2014 59
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
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