Midea Group Co., Ltd.

Equities

000333

CNE100001QQ5

Appliances, Tools & Housewares

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
68.37 ^CNY	+0.19%		-2.33%	+25.15%

Apr. 25	Long-time Electrolux CEO Jonas Samuelson to step down next year	RE
Apr. 18	Arbonia to Sell Climate Division to Midea Electrics Netherlands for EUR760 Million	MT

Midea Group Co., Ltd. acquired an unknown minority stake in Shenzhen Clou Electronics Co., Ltd..

May 29, 2023

Midea Group Co., Ltd. (SZSE:000333) acquired an unknown minority stake in Shenzhen Clou Electronics Co., Ltd. (SZSE:002121) on May 30, 2023. Post acquisition shareholding has become 22.79% stake.

Midea Group Co., Ltd. (SZSE:000333) completed the acquisition of an unknown minority stake in Shenzhen Clou Electronics Co., Ltd. (SZSE:002121) on May 30, 2023.

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	MIDEA GROUP CO., LTD.	68.37 CNY	+0.19%	-2.33%	64.64B
	SHENZHEN CLOU ELECTRONICS CO., LTD.	4.18 CNY	+5.29%	+8.57%	958M

Latest news about Midea Group Co., Ltd.

Long-time Electrolux CEO Jonas Samuelson to step down next year	Apr. 25	RE
Arbonia to Sell Climate Division to Midea Electrics Netherlands for EUR760 Million	Apr. 18	MT
Midea, Nio Join Forces for Electric Car Parts Manufacturing	Apr. 12	MT
China's CDH buys minority interest in Vietnam grocery chain Bach Hoa Xanh	Apr. 09	RE
Midea Real Estate Logs 10.4 Billion Yuan in Q1 Contracted Sales	Apr. 02	MT
Midea RAC Adds New Products to Its CirQHP Family, Offering One-Stop Home Climate Control Solutions for European Households	Mar. 29	CI
Midea's Profit Rises 14% in 2023 as Revenue Climbs 8%	Mar. 28	MT
Midea Group Co., Ltd. Proposes Final Dividend for 2023	Mar. 27	CI
Midea Group Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 27	CI
GMCC & Welling Showcases in MCE 2024 Italy to Deep Dive in European Market	Mar. 13	CI
Midea Real Estate Logs 6 Billion Yuan in January-February Contracted Sales	Mar. 04	MT
China's CDH in talks to buy minority stake in $1.7 billion Vietnam grocery chain, say sources	Feb. 27	RE
China's CDH in talks to buy minority stake in $1.7 bln Vietnam grocery chain, say sources	Feb. 27	RE
Whirlpool shares slip after weaker-than-expected annual forecasts	Jan. 29	RE
Midea Real Estate Unit Buys Stake in Zhejiang, China Residential Project	Jan. 09	MT
China's Home Appliance Industry Posts Double-Digit Output Growth in January-November 2023 Period	Jan. 07	MT
Midea Real Estate Logs Nearly 66 Billion Yuan in 2023 Contracted Sales	Jan. 02	MT
Shanghai Qiaotian Intelligent Equipment Co., Ltd. announced that it has received funding from Midea Group Co., Ltd.	Dec. 28	CI
Midea Real Estate Renews Smart Technology Product Agreement with Midea Group	Dec. 28	MT
Midea Group Co., Ltd. Enters into the 2024 Smart Technology Products Framework Purchase Agreement with Midea Real Estate Holding Limited	Dec. 28	CI
Midea's Lighting Unit Pulls IPO Plug Again Amid Market Woes	Dec. 26	MT
Hong Kong IPO Market Anticipating 90 Applications in 2024, But Still Needs Blockbuster Offerings	Dec. 25	MT
Midea Real Estate Logs Nearly 62 Billion Yuan in January-November Contracted Sales	Dec. 01	MT
CATL Eyes Hong Kong IPO After Swiss Listing Plans Stall	Nov. 23	MT
Midea-Linked Infore Makes 10 Billion Yuan Bid For Controlling Stake in Jason Furniture	Nov. 12	MT

Chart Midea Group Co., Ltd.

Duration

Period

More charts

Company Profile

Midea Group Co., Ltd. produces and sells household electrical appliances and climate control systems. Net sales break down by family of products and services as follows: - domestic appliances (41.6%): small household appliances (rice cookers, electric steam cookers, microwaves, ovens, hobs, bread makers, dishwashers, etc.), washing machines, refrigerators, etc.; - heating, ventilation and air conditioning systems (38.6%): portable air conditioners, dehumidifiers, window air conditioners, etc.; - robotic and automation systems (8%); - other (11.8%). China accounts for 59.7% of net sales.

Sector

Appliances, Tools & Housewares

Calendar

2024-04-29 - Q1 2024 Earnings Release

More about the company

Income Statement Evolution

More financial data

Ratings for Midea Group Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

68.37 CNY

Average target price

78.8 CNY

Spread / Average Target

+15.26%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Appliances, Tools & Housewares

	1st Jan change	Capi.
MIDEA GROUP CO., LTD.	+25.15%	64.64B
HAIER SMART HOME CO., LTD.	+35.00%	34.08B
SHARKNINJA, INC.	+24.76%	8.88B
SEB S.A.	+1.06%	6.71B
ZHEJIANG SUPOR CO., LTD.	+9.90%	6.41B
DE'LONGHI S.P.A.	+2.95%	5.05B
HUSQVARNA AB	+5.81%	4.57B
NEWELL BRANDS INC.	-10.25%	3.23B
SPECTRUM BRANDS HOLDINGS, INC.	+3.51%	2.5B
BREVILLE GROUP LIMITED	-6.61%	2.38B

Other Appliances, Tools & Housewares