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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 23,023 | 14,529 | -3,720 | 19,785 | 22,960 | 14,321 | 248 | 26,776 | 19,559 | 13,929 | 13,116 | 15,002 |
| Depreciation and amortization | 5,003 | — | 9,340 | -4,271 | 4,271 | — | 7,824 | -3,836 | 3,836 | — | 7,349 | -3,301 |
| Capital expenditure | -491 | -2,143 | -4,486 | -3,510 | -1,282 | -1,863 | -2,800 | -1,305 | -2,253 | -1,481 | -2,170 | -1,349 |
| Investing cash flow | -21,003 | 5,131 | 6,489 | 11,301 | 30,767 | -23,217 | 2,663 | -69,929 | -14,681 | -5,955 | 2,388 | -6,561 |
| Financing cash flow | -3,473 | -11,684 | 3,885 | -49,730 | -26,446 | 7,333 | 2,737 | 40,938 | -15,886 | -5,091 | -4,500 | -6,972 |
| Dividends paid | -26,052 | -341 | -4,351 | -2,925 | -24,742 | -514 | -402 | -424 | -21,214 | -372 | -510 | -732 |
| Share repurchases | — | — | -11,699 | — | — | — | -63.4 | — | — | — | -258 | — |
| Debt issued | 33,655 | 12,884 | 20,066 | 18,484 | 28,632 | 21,678 | 8,373 | 10,020 | 15,280 | 4,127 | 11,124 | 8,454 |
| Debt repaid | -21,545 | -21,952 | -9,089 | -60,944 | -30,025 | -13,594 | -6,602 | -744 | -9,997 | -9,086 | -16,476 | -14,420 |
| Effect of exchange rates | -186 | -232 | -783 | -385 | 734 | 94.8 | 164 | 22.1 | -148 | -114 | -188 | 41.6 |
| Net change in cash | -1,639 | 7,744 | 5,872 | -19,029 | 28,015 | -1,467 | 5,811 | -2,193 | -11,156 | 2,769 | 10,816 | 1,511 |
| Free cash flow | 22,532 | 12,386 | -8,207 | 16,275 | 21,678 | 12,457 | -2,552 | 25,470 | 17,306 | 12,448 | 10,945 | 13,653 |
| Levered free cash flow | 169,403 | 23,145 | -42,091 | -21,337 | 19,754 | -34,322 | 18,714 | -30,503 | 58,461 | -41,759 | 81,566 | -36,665 |