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.

Income statement · 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 revenue	128,944	131,099	93,395	111,933	123,285	127,839	88,175	101,701	111,173	106,102	80,927	94,122
Cost of revenue	97,279	97,576	67,532	81,944	91,869	95,308	64,297	75,741	82,263	77,905	60,734	68,419
Gross profit	31,665	33,523	25,863	29,989	31,416	32,531	23,878	25,960	28,909	28,197	20,193	25,703
Selling, general and administrative	14,124	15,037	15,172	13,502	14,898	15,411	14,013	12,574	13,518	13,154	10,746	11,880
Research and development	4,302	4,166	4,843	4,178	4,419	4,348	4,831	3,739	4,068	3,595	4,570	3,403
Operating income	12,921	14,362	5,481	12,816	12,318	12,469	5,780	9,844	11,695	11,261	5,012	10,816
EBIT	12,921	14,362	5,481	12,816	12,318	12,469	5,780	9,844	11,695	11,261	5,012	10,816
EBITDA	14,951	16,315	7,434	14,443	14,453	14,425	7,736	11,681	13,613	13,099	6,849	12,443
Interest expense	495	368	524	570	671	447	749	640	534	532	533	762
Pre-tax income	16,700	15,144	7,227	14,515	16,208	15,135	8,291	12,947	14,708	10,743	6,495	11,675
Income tax	2,977	2,285	1,344	2,525	2,307	2,389	1,685	1,937	2,603	1,707	1,037	1,917
Net income	13,771	12,675	6,062	11,870	13,591	12,422	6,838	10,895	11,804	9,000	6,002	9,485
Net income to common shareholders	13,606	12,675	5,947	11,870	13,432	12,422	6,754	10,895	11,804	9,000	5,936	9,563
Basic EPS	1.83	1.69	0.80	1.57	1.77	1.64	0.90	1.56	1.71	1.31	0.87	1.39
Diluted EPS	1.81	1.69	0.79	1.56	1.77	1.63	0.89	1.56	1.70	1.31	0.87	1.38
Average shares (basic)	7,441	7,500	7,416	7,564	7,589	7,575	7,522	6,986	6,907	6,870	6,816	6,875
Average shares (diluted)	7,581	7,500	7,565	7,610	7,620	7,621	7,644	6,986	6,953	6,870	6,865	6,900
Dividend per share	0.50	—	3.80	—	0.50	—	3.50	—	—	—	3.00	—