Midea Group Co Ltd - Company Profile
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Midea Group Co Ltd (Midea) is a manufacturer and distributer of household electronics. It operates its business through Smart Home, Building Technologies, Industrial Technology, Robotics and Automation, Healthcare, and Smart Logistics. The company’s products include household appliances, HVAC systems, building automation, intelligent elevators, energy management, industrial motors, and electromechanical products, industrial robots, logistics automation, and conveyor solutions. Midea Healthcare delivers clinical medicine technologies through brands such as WDM, KUKA, and Midea Biomedical, while Swisslog Healthcare and Midea Building Technologies support hospital infrastructure and operations. It operates professional platforms such as Midea Finance, offering supply chain and consumer finance, and the AI Research Center, which drives digital transformation. Midea is headquartered in Foshan City, Guangdong, China.
Headquarters
China
Address
Midea New Headquarter Building, No. 6 Midea Avenue, Beijiao Town, Shunde District, Foshan, Guangdong, 528311
Website
www.midea.com
Telephone
86 757 22607708
No of Employees
198,570
Industry
Consumer Packaged Goods
Ticker Symbol & Exchange
000333 (SHE)
Revenue (2024)
$63.8B
12.1%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
14%
(2024 vs 2023)
Market Cap*
$87.1B
Net Profit Margin (2024)
XYZ
1.7%
(2024 vs 2023)
* As of and is in US$
Midea Group Co Ltd premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Home Appliances | Installation and Repair Services | Midea |
| Smart Home Systems | Deep Cleaning Services | Little Swan |
| HVAC Systems | Service Progress Tracking and Online Customer Support | COLMO |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | New Products/Services | In June, the company introduced its Overseas Expansion Solution for Agent Factories. |
| 2026 | New Products/Services | In June, the company launched its Smart Factory Overseas Solution. |
| 2026 | New Products/Services | In March, the company launched a new Midea Freestanding Gas Range in the Philippines. |
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 | - | Shandong | Guangdong | Wisconsin |
| No. of Employees | 198,570 | 129,480 | 134,995 | 71,966 | 11,500 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Fang Hongbo | Chief Executive Officer; Chairman; Director | Executive Board | 2012 | 58 |
| Zhong Zheng | Chief Financial Officer; Vice President; Director - Finance | Senior Management | 2022 | 43 |
| Wei Chang | Vice President; Chief Technology Officer | Senior Management | 2022 | 61 |
| Zhao Wenxin | Chief People Officer; Vice President; Director - Human Resource | Senior Management | 2022 | 42 |
| Zhang Xiaoyi | Chief Digital Officer; Vice President | Senior Management | - | 52 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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