Midea Group

Midea Group

Chinese home appliance manufacturer and air conditioner OEM
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Midea Group (Chinese: 美的集团; pinyin: Měidì Jítuán) is a Chinese electrical appliance manufacturer, headquartered in Beijiao town, Shunde District, Foshan, Guangdong and listed on Shenzhen Stock Exchange since 2013. As of 2021, the firm employed approximately 150,000 people in China and overseas with 200 subsidiaries and over 60 overseas branches. It has been listed on the Fortune Global 500 since July 2016. Midea produces lighting, water appliances, floor care, small kitchen appliances, laundry, large cooking appliances, and refrigeration appliances. It is the largest microwave oven manufacturer, and acts as an OEM for many brands. It also has a long history in producing home and commercial products in heating, ventilation and air conditioning (HVAC). It is the world's largest producer of industrial robots and appliances.

Type
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Traded as
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ISIN
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Founded
1968; 52 years ago (1968)
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Founder
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Headquarters
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Key people
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Revenue
Increase CN¥261.820 billion (2018)
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Operating income
Increase CN¥025.564 billion (2018)
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Net income
Increase CN¥020.231 billion (2018)
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Total assets
Increase CN¥263.701 billion (2018)
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Total equity
Increase CN¥083.072 billion (2018)
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Owner
He Xiangjian
(via Chinese: 美的控股; lit.: 'Midea Holding'; 34%)
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Subsidiaries
Midea Electric(100%)
KUKA(94.55%)
etc.
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Website
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