Description: Midea Group Co., Ltd., together with its subsidiaries, manufactures and sells home appliances, and robotic and automation systems in China and internationally. It operates through five segments: Smart Home Business Group, Industrial Technology Business Group, Building Technologies Division, Robotics & Automation Division, and Digital Innovation Business. The company offers household and commercial air conditioning appliances; refrigeration, laundry, and large cooking appliances; kitchen, water, vacuum, and small domestic appliances; and lighting products. It also provides core components, such as compressors, motors, chips, variable frequency drives, servo systems, and cooling modules under the GMCC, Welling, MR, TOSHIBA, HICONICS, SUNYE, SERVOTRONIX, DORNA, etc. for household appliances, automobile industrial control, and 3C industries. In addition, the company provides building solutions; industrial robotics, automatic logistics systems, and transmission systems for future factory-related fields, as well as solutions for health care, entertainment, new consumption, etc.; software services, unmanned retail solutions, and production services; and medical imaging devices and related services, as well as smart supply chain solutions. Further, it engages in sale, wholesale, and processing of raw materials of household electrical appliances; and the provision of financial services, such as customer deposit, interbank lending and borrowing, consumption credit, buyer's credit, petty loan, factoring, and finance leasing services. Additionally, the company provides Internet of Things solutions for intelligent appliances. Midea Group Co., Ltd. was founded in 1968 and is headquartered in Foshan, China. Midea Group Co., Ltd. is a subsidiary of Midea Holding Co., Ltd.
Home Page: www.midea-group.com
Midea Headquarters Building
Foshan,
528311
China
Phone:
86 75 7226 07708
Officers
| Name | Title |
|---|---|
| Mr. Hongbo Fang | Chairman & CEO |
| Ms. Zheng Zhong | CFO & Director of Fin. |
| Mr. Ziqiang Hu | VP & CTO |
| Mr. Xiaoyi Zhang | VP & Chief Information Officer |
| Mr. Peng Jiang | Board Sec. & Investor Relations Director |
| Ms. Min Liu | Chairman of the Supervisory Committee and CEO Assistant & HR Director |
| Mr. Yanmin Gu | Pres of the Robotics & Automation Division, VP and Non-Independent Director |
| Mr. Jinliang Wang | VP |
| Mr. Mingguang Xiao CPA | VP |
| Mr. Bitong Yin | VP, Co-Pres of Smart Home Bus., Pres of Residential A.C. Dvn. & China and Director. |
Exchange: SHE
Country: CN
Currency: Renminbi (¥)
| GIC Sector: | Consumer Discretionary |
|---|---|
| GIC Group: | Consumer Durables & Apparel |
| GIC Industry: | Household Durables |
| GIC Sub-Industry: | Household Appliances |
| Forward PE: | 11.0988 |
|---|---|
| Trailing PE: | 12.6212 |
| Price-to-Book MRQ: | 2.7283 |
| Price-to-Sales TTM: | 1.074 |
| IPO Date: | |
| Fiscal Year End: | December |
| Full Time Employees: | 165799 |