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Midea Group Co. Ltd. Class H
(0300)
Select Model
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Rating:71Outperform
Price Target:
HK$107.00
â–²(8.46% Upside)
Action:Reiterated
Date:10/31/26
The score is driven primarily by solid underlying profitability and returns, but tempered by weaker TTM trends (reported revenue collapse, softer cash flows, and higher leverage). Supportive valuation—especially the ~5% dividend yield and moderate P/E—helps lift the overall score, while technicals are constructive but not strongly bullish due to slightly negative MACD.
Positive Factors
Durable profitability
Improving net margins and consistently high returns on equity indicate that Midea has maintained strong underlying profitability across several years. This supports internal reinvestment, strengthens resilience through normal industry cycles, and suggests the business retains meaningful earnings power over the next several quarters.
Negative Factors
Severe TTM revenue contraction
The exceptionally sharp TTM revenue contraction raises a material concern about current demand, volume, or reporting comparability. Even with solid historical profitability, sustained weakness in the top line could reduce operating leverage, weaken bargaining power, and make future earnings growth less dependable.
Read all positive and negative factors
Positive Factors
Negative Factors
Durable profitability
Improving net margins and consistently high returns on equity indicate that Midea has maintained strong underlying profitability across several years. This supports internal reinvestment, strengthens resilience through normal industry cycles, and suggests the business retains meaningful earnings power over the next several quarters.
Read all positive factors
Midea Group Co. Ltd. Class H (0300) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$785.08B
Dividend Yield5.08%
Average Volume (3M)5.02M
Price to Earnings (P/E)13.0
Beta (1Y)0.42
Revenue Growth7.41%
EPS Growth13.37%
CountryHK
Employees198,570
SectorGeneral
Sector StrengthN/A
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)6.29
Shares Outstanding650,848,500
10 Day Avg. Volume4,221,032
30 Day Avg. Volume5,020,638
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$114.93Price Target Upside16.51% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)7.22
Revenue Forecast (FY)HK$565.73B
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...
Midea Group Co. Ltd. Class H Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
67
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 462.31B | 458.50B | 409.08B | 373.71B | 345.71B | 343.36B |
| Gross Profit | 122.04B | 122.51B | 109.50B | 97.30B | 85.17B | 78.83B |
| EBITDA | 58.37B | 64.64B | 56.97B | 50.43B | 43.29B | 41.26B |
| Net Income | 47.39B | 43.95B | 38.54B | 33.72B | 29.55B | 28.57B |
Balance Sheet | ||||||
| Total Assets | 628.78B | 608.79B | 604.35B | 486.04B | 422.56B | 387.95B |
| Cash, Cash Equivalents and Short-Term Investments | 129.80B | 85.96B | 147.35B | 83.46B | 58.55B | 77.75B |
| Total Debt | 126.29B | 61.66B | 46.59B | 60.22B | 60.53B | 26.83B |
| Total Liabilities | 392.50B | 372.37B | 376.68B | 311.74B | 270.63B | 253.12B |
| Stockholders Equity | 223.40B | 223.22B | 216.75B | 162.88B | 142.94B | 124.87B |
Cash Flow | ||||||
| Free Cash Flow | 35.47B | 42.20B | 52.67B | 51.59B | 27.31B | 28.27B |
| Operating Cash Flow | 45.08B | 53.35B | 60.51B | 57.90B | 34.66B | 35.09B |
| Investing Cash Flow | 9.15B | 25.34B | -87.90B | -31.22B | -13.51B | 13.60B |
| Financing Cash Flow | -17.22B | -64.96B | 22.70B | -17.91B | -10.85B | -31.20B |
Midea Group Co. Ltd. Class H Technical Analysis
Positive
98.65
Price Trends
96.19
Positive
93.55
Positive
88.24
Positive
Market Momentum
-0.28
Negative
60.61
Neutral
56.93
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 93.22, above the 50-day MA of 96.19, and above the 200-day MA of 88.24, indicating a bullish trend. The MACD of -0.28 indicates Negative momentum. The RSI at 60.61 is Neutral, neither overbought nor oversold. The STOCH value of 56.93 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | HK$785.08B | 13.04 | 21.28% | 5.08% | 7.41% | 13.37% | |
65 Neutral | HK$8.67B | 4.80 | 13.03% | 10.64% | -2.80% | -12.13% | |
65 Neutral | HK$208.69B | 11.15 | 14.12% | 6.62% | -3.85% | -13.53% | |
62 Neutral | HK$33.84B | 14.44 | 12.54% | 8.21% | -6.29% | -30.87% | |
56 Neutral | HK$5.99B | 17.29 | 8.56% | 3.47% | 0.39% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | HK$294.22M | -16.07 | -0.49% | 414.85% | 4.73% | 76.27% |
* General Sector Average
HK:0300
Midea Group Co. Ltd. Class H
96.65
16.77
20.99%
HK:0921
Hisense Home Appliances Group Co
17.84
-3.82
-17.65%
HK:1999
Man Wah Holdings
2.26
-2.20
-49.43%
HK:1691
JS Global Lifestyle Company Limited
1.75
-0.03
-1.69%
HK:2222
NVC International Holdings Ltd.
0.58
-0.13
-18.31%
HK:6690
Haier Smart Home Co., Ltd. Class H
19.95
-4.14
-17.20%
Midea Group Co. Ltd. Class H Corporate Events
Midea to Seek Shareholder Approval on Subsidiary Financing and Guarantees at 2026 EGM
Oct 29, 2026
Midea Group Co., Ltd. has convened its second extraordinary general meeting for 2026, scheduled on 17 November in Foshan, Guangdong, to seek shareholder approval on key financing and risk-management measures. The board will ask investors to endors...
Midea Group Q3 2026 Profit Rises on FX Derivatives Despite Revenue Dip
Oct 29, 2026
Midea Group reported third-quarter 2026 operating revenue of RMB107.3 billion, down 4.12% year on year, but net profit attributable to shareholders rose 25.93% to RMB14.95 billion, supported by non-recurring gains from derivative instruments. From...
Midea Group Alters Key Dates for H-Share Interim Dividend Entitlement
Oct 29, 2026
Midea Group Co., Ltd., a major Chinese home appliance manufacturer with H shares listed in Hong Kong, provides overseas investors with access to China’s consumer and industrial growth. The group is led by chairman and chief executive Fang Ho...
Midea Updates 2026 Interim Dividend Details and Tax Treatment for H Shareholders
Oct 29, 2026
Midea Group Co., Ltd. has confirmed an updated plan for an interim ordinary dividend for the six months ended 30 June 2026, paying RMB 5 per 10 shares, equivalent to HKD 5.8249 per 10 H shares, for the financial year ending 31 December 2026. The d...
Midea Group Sets November 2026 Extraordinary General Meeting and H-Share Book Closure
Oct 28, 2026
Midea Group Co., Ltd., a major Chinese home appliance and consumer electronics producer with H shares listed in Hong Kong under stock code 0300, serves a global market for household and industrial products. The company operates under a standard li...
Midea Group Schedules Board Meeting to Approve Third-Quarter Results
Oct 14, 2026
Midea Group Co., Ltd., a leading Chinese home appliances and consumer electronics manufacturer, operates as a joint stock company listed in Hong Kong under stock code 0300. The company is governed by a board led by Chairman and Chief Executive Off...
Midea Group Sets 2026 Interim Dividend and Clarifies Tax Terms for H Shareholders
Oct 13, 2026
Midea Group Co., Ltd. has approved an interim ordinary cash dividend for the six months ended 30 June 2026, declaring RMB 5 per 10 H share, equivalent to HKD 5.8249 per 10 share based on the specified exchange rate. The announcement sets a clear t...
Midea Shareholders Back Restricted Share Buybacks and Interim Dividend at 2026 EGM
Oct 13, 2026
Midea Group Co., Ltd. is a major Chinese home appliance and consumer electronics manufacturer, operating as a joint stock company incorporated in the People’s Republic of China with limited liability. The company is listed in Hong Kong with ...
Midea Group Calls 2026 Extraordinary Meeting on Share Buybacks and Profit Distribution
Sep 27, 2026
Midea Group Co., Ltd. has called its first extraordinary general meeting of 2026 for October 13 in Foshan, where shareholders will vote on special resolutions tied to its equity incentive programs and profit allocation. The board is seeking approv...
Midea Sets October 2026 Date and Book Closure for First Extraordinary General Meeting
Sep 22, 2026
Midea Group has scheduled its first extraordinary general meeting of 2026 for 13 October in Foshan, Guangdong, and will close its H-share register from 8 to 13 October to determine shareholder eligibility. Holders of H shares must complete share t...
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...
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.