Midea Group
¥80.10Change from previous close: −1.91%Absolute change: −¥1.56
At a glance
- Revenue growth
- +12.11%
- 2025 vs 2024
- Net income growth
- +14.03%
- 2025 vs 2024
- Net margin
- 9.6%
- 2024: 9.5%
Financial data
Amounts in millions of CNY; per-share values in CNY; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total revenue | 456,452 | 407,150 | 372,038 | 343,918 | 341,234 |
| Cost of revenue | 336,653 | 300,206 | 276,612 | 261,006 | 265,129 |
| Gross profit | 119,799 | 106,944 | 95,426 | 82,912 | 76,104 |
| Selling, general and administrative | 58,984 | 53,260 | 45,430 | 40,299 | 38,914 |
| Research and development | 17,788 | 16,233 | 14,583 | 12,619 | 12,015 |
| Operating income | 43,084 | 38,580 | 35,454 | 29,825 | 24,788 |
| EBIT | 43,084 | 38,580 | 35,454 | 29,825 | 24,788 |
| EBITDA | 50,897 | 46,403 | 42,803 | 36,333 | 30,058 |
| Interest expense | 2,212 | 2,455 | 2,840 | 1,880 | 1,445 |
| Pre-tax income | 53,085 | 46,690 | 40,277 | 34,956 | 33,718 |
| Income tax | 8,565 | 7,933 | 6,532 | 5,146 | 4,702 |
| Net income | 43,945 | 38,537 | 33,720 | 29,554 | 28,574 |
| Net income to common shareholders | 43,830 | 38,453 | 33,654 | 29,490 | 28,491 |
| Basic EPS | 5.80 | 5.44 | 4.93 | 4.34 | 4.17 |
| Diluted EPS | 5.76 | 5.42 | 4.92 | 4.33 | 4.14 |
| Average shares (basic) | 7,559 | 7,071 | 6,824 | 6,791 | 6,837 |
| Average shares (diluted) | 7,608 | 7,113 | 6,849 | 6,819 | 6,906 |
| Dividend per share | 4.30 | 3.50 | 3.00 | 2.50 | 1.70 |