Midea Group

000333 · SZSE · CNY

¥80.10−1.91%−¥1.56

Close · September 30, 2026

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.

Balance sheet · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total assets	643,102	613,882	608,792	593,313	638,034	634,785	604,352	567,150	506,632	497,968	486,038	465,020
Current assets	437,100	411,205	416,662	367,591	418,170	419,851	389,064	361,993	301,788	291,659	281,321	273,261
Cash and equivalents	90,643	94,092	85,247	89,819	148,487	161,278	140,410	160,879	101,950	95,952	81,674	68,100
Short-term investments	158,737	2,331	1,427	—	5,853	2,495	27,177	—	41,486	—	58,522	—
Receivables	99,846	91,168	80,126	85,271	93,781	92,577	77,153	75,571	89,803	84,119	72,940	78,083
Inventory	59,562	61,568	67,616	52,045	53,704	56,948	67,026	46,549	44,405	45,011	50,655	37,256
Net property, plant and equipment	50,484	51,133	51,208	49,087	47,979	45,531	41,665	40,360	39,191	38,728	38,668	37,541
Goodwill	31,577	33,215	34,257	34,366	34,724	31,869	29,581	30,655	29,987	30,160	30,858	29,955
Other intangible assets	20,157	20,838	21,619	21,656	21,944	20,085	17,009	17,665	17,551	17,873	18,458	18,379
Long-term investments	80,933	9,762	63,879	9,172	94,132	9,495	107,822	9,980	98,848	19,074	98,224	20,488
Current liabilities	381,691	338,457	343,384	329,972	382,577	369,643	351,820	322,040	276,366	253,996	251,246	243,835
Accounts payable	157,036	140,262	130,802	131,882	131,300	124,798	118,774	109,552	108,203	100,984	94,238	90,076
Long-term debt	22,083	16,699	15,854	15,758	12,237	10,886	13,759	13,656	43,070	49,227	49,357	41,965
Total debt	76,370	58,225	67,481	—	96,375	96,147	—	—	—	—	—	—
Total liabilities	417,309	368,440	372,368	359,205	408,610	393,158	376,684	346,855	330,347	314,101	311,739	296,758
Total equity (incl. minority)	225,793	245,441	236,424	234,108	229,423	241,626	227,667	220,296	176,285	183,867	174,300	168,262
Retained earnings	176,923	191,541	178,867	172,769	164,702	177,824	165,402	158,553	147,658	156,634	147,630	141,590
Minority interest	12,932	13,133	13,203	13,548	13,313	11,802	10,917	11,408	11,488	11,369	11,421	12,035