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Midea Group Co. Ltd. Class H
(0300)
Select Model
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Rating:83Outperform
Price Target:
HK$115.00
▲(16.57% Upside)
Action:Reiterated
Date:08/29/26
The score is driven primarily by strong financial quality (stable margins and solid free cash flow) and supportive technical uptrend signals. Valuation is also attractive with a moderate P/E and high dividend yield. The main offsets are slowing TTM revenue momentum and higher recent leverage, which reduce flexibility if the slowdown persists.
Positive Factors
Steady Revenue Growth
Sustained revenue expansion indicates continued demand across Midea’s appliance portfolio and supports a durable growth base. Higher TTM revenue preserves the long-term trajectory, although the latest growth rate has moderated.
Negative Factors
Slowing TTM Revenue Growth
A material slowdown in TTM revenue growth could indicate softer appliance demand, tougher comparisons or reduced expansion momentum. If sustained, it may limit operating leverage and make future profit growth more dependent on margin preservation.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
Sustained revenue expansion indicates continued demand across Midea’s appliance portfolio and supports a durable growth base. Higher TTM revenue preserves the long-term trajectory, although the latest growth rate has moderated.
Read all positive factors
Midea Group Co. Ltd. Class H (0300) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$747.42B
Dividend Yield4.98%
Average Volume (3M)4.56M
Price to Earnings (P/E)14.4
Beta (1Y)0.83
Revenue Growth9.41%
EPS Growth6.11%
CountryHK
Employees198,570
SectorGeneral
Sector StrengthN/A
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)5.84
Shares Outstanding650,848,500
10 Day Avg. Volume5,021,232
30 Day Avg. Volume4,556,669
Financial Highlights & Ratios
PEG Ratio1.99
Price to Book (P/B)2.59
Price to Sales (P/S)1.26
P/FCF Ratio13.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$114.97Price Target Upside16.55% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)7.4
Revenue Forecast (FY)HK$567.71B
Midea Group Co. Ltd. Class H Business Overview & Revenue Model
Company Description
Midea Group Co., Ltd. and its various subsidiaries are a global powerhouse, engaged in the production and distribution of both household appliances and advanced robotic and automation technologies across China and internationally. Its operations a...
How the Company Makes Money
Midea primarily makes money by designing, manufacturing, and selling consumer appliances and related products through a mix of channels and geographies. The company’s main revenue stream comes from product sales of major household appliances (e.g....
Midea Group Co. Ltd. Class H Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
78
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 466.64B | 458.50B | 409.08B | 373.71B | 345.71B | 343.36B |
| Gross Profit | 123.50B | 122.51B | 109.50B | 97.30B | 85.17B | 78.83B |
| EBITDA | 61.84B | 64.64B | 56.97B | 50.43B | 43.29B | 41.26B |
| Net Income | 44.32B | 43.95B | 38.54B | 33.72B | 29.55B | 28.57B |
Balance Sheet | ||||||
| Total Assets | 642.98B | 608.79B | 604.35B | 486.04B | 422.56B | 387.95B |
| Cash, Cash Equivalents and Short-Term Investments | 93.78B | 85.96B | 147.35B | 83.46B | 58.55B | 77.75B |
| Total Debt | 131.24B | 61.66B | 46.59B | 60.22B | 60.53B | 26.83B |
| Total Liabilities | 417.23B | 372.37B | 376.68B | 311.74B | 270.63B | 253.12B |
| Stockholders Equity | 212.82B | 223.22B | 216.75B | 162.88B | 142.94B | 124.87B |
Cash Flow | ||||||
| Free Cash Flow | 49.75B | 42.20B | 52.67B | 51.59B | 27.31B | 28.27B |
| Operating Cash Flow | 60.46B | 53.35B | 60.51B | 57.90B | 34.66B | 35.09B |
| Investing Cash Flow | -3.86B | 25.34B | -87.90B | -31.22B | -13.51B | 13.60B |
| Financing Cash Flow | -61.58B | -64.96B | 22.70B | -17.91B | -10.85B | -31.20B |
Midea Group Co. Ltd. Class H Technical Analysis
Positive
98.65
Price Trends
95.52
Positive
89.84
Positive
86.29
Positive
Market Momentum
1.20
Positive
53.81
Neutral
35.51
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0300, the sentiment is Positive. The current price of 98.65 is above the 20-day moving average (MA) of 98.42, above the 50-day MA of 95.52, and above the 200-day MA of 86.29, indicating a bullish trend. The MACD of 1.20 indicates Positive momentum. The RSI at 53.81 is Neutral, neither overbought nor oversold. The STOCH value of 35.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0300.
Midea Group Co. Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | HK$747.42B | 14.45 | 19.96% | 4.98% | 9.41% | 6.11% | |
73 Outperform | HK$216.12B | 10.87 | 14.77% | 6.27% | 0.59% | -6.14% | |
64 Neutral | HK$11.95B | 6.41 | 13.03% | 7.96% | -2.80% | -12.13% | |
59 Neutral | HK$40.31B | 13.77 | 15.74% | 6.54% | -5.25% | -15.94% | |
56 Neutral | HK$5.36B | 15.03 | 8.56% | 3.47% | 0.39% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | HK$314.51M | -17.19 | -0.49% | 414.85% | 4.73% | 76.27% |
* General Sector Average
HK:0300
Midea Group Co. Ltd. Class H
98.65
16.56
20.17%
HK:0921
Hisense Home Appliances Group Co
22.40
0.92
4.31%
HK:1999
Man Wah Holdings
3.02
-1.46
-32.67%
HK:1691
JS Global Lifestyle Company Limited
1.52
-0.42
-21.65%
HK:2222
NVC International Holdings Ltd.
0.62
-0.19
-23.46%
HK:6690
Haier Smart Home Co., Ltd. Class H
21.06
-3.06
-12.68%
Midea Group Co. Ltd. Class H Corporate Events
Midea Group Proposes Interim Dividend With Release of 2026 Half-Year Results
Aug 28, 2026
Midea Group Co., Ltd., a leading Chinese home appliance manufacturer listed in Hong Kong, reported its unaudited consolidated interim results for the six months ended 30 June 2026 and released its 2026 interim report online. The board also outline...
Midea Group Proposes Interim Cash Dividend for First Half of 2026
Aug 28, 2026
Midea Group Co., Ltd. has proposed an interim ordinary cash dividend of RMB 5 per 10 shares for the six months ended 30 June 2026, tied to its financial year ending 31 December 2026. The move underscores the company’s continued focus on shar...
Midea Group Sets August Board Meeting to Approve 2026 Interim Results
Aug 13, 2026
Midea Group Co., Ltd. has scheduled a board meeting for 28 August 2026 to review and approve the interim results for the six months ended 30 June 2026, with a view to publishing those results thereafter. The announcement signals the upcoming discl...
Midea Group Cuts Convertible Bond Conversion Prices, Raising Potential H‑Share Dilution
Jul 8, 2026
Midea Group has adjusted the conversion prices of its HK$8.624 billion zero‑coupon guaranteed convertible bonds due 2027 and 2033 following the approval of its 2025 final cash dividend. The conversion price for the 2027 bonds has been reduce...
Midea Group Sets Final 2025 Dividend and Clarifies Tax Terms for H Shareholders
Jun 22, 2026
Midea Group Co., Ltd. has announced a proposed final cash dividend for the financial year ended 31 December 2025, set at RMB 38 per 10 shares, with Hong Kong shareholders receiving HKD 43.6734 per 10 shares based on a specified exchange rate. The ...
Midea Grants Performance-Linked H-Share Awards to Key Employees
Jun 18, 2026
Midea Group has granted 644,432 H-share awards to 33 eligible employees under its H Share Award Scheme, with no purchase price required from participants. The awards are structured with a 24-month lock-up and will vest in three tranches between 20...
Midea’s Logistics Unit Annto Files Updated Hong Kong Listing Application
Jun 15, 2026
Midea Group has announced that its subsidiary Annto has filed an updated application with the Hong Kong Stock Exchange to list its H shares on the Main Board, advancing a previously flagged spin-off plan. The updated prospectus application, now av...
Midea Group Updates Final 2025 Dividend Details and Tax Arrangements for H Shareholders
Jun 5, 2026
Midea Group has updated its announcement on the proposed final dividend for the year ended 31 December 2025, confirming a payout of RMB 38 per 10 shares, equivalent to HKD 43.6734 per 10 shares for H shareholders. The company specified key dates i...
Midea Shareholders Back Dividend, Capital Mandates at 2025 AGM
Jun 5, 2026
Midea Group Co., Ltd. reported that its 2025 annual general meeting was duly convened in Foshan on 5 June 2026, with shareholders holding about 54% of voting shares present either in person or by proxy. All directors attended, and interested direc...
Midea Group Outlines Board Line-up and Committee Structure
Jun 5, 2026
Midea Group Co., Ltd. has disclosed the current composition of its board of directors, led by chairman and chief executive officer Fang Hongbo and comprising a mix of executive, non-executive and independent non-executive directors. The structure ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.