Midea Group Co Ltd - Company Profile
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Midea Group Co Ltd (Midea) is a provider of diversified products, including consumer appliances, HVAC (heating, ventilation, and air-conditioning) systems, robotics and industrial automation, and a smart supply chain. Manufacturing base, financial performance and focus on R&D are its strengths, even as overdependence on the Chinese market and liabilities remains a cause for concern. Growth in the consumer electronics market, Agreement with connectivity standards alliance, global kitchen appliances market and could provide growth opportunities to the company. However, raw material price risks, market competition and foreign exchange risk may affect the company’s performance.
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