Midea Group Company 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 four segments: Heating & Ventilation, as well as Air-Conditioner; Consumer Appliances; Robotics and Automation system; and Others.
The company offers residential air-conditioner, central air-conditioner, heating and ventilation systems, kitchen appliances, refrigerators, washing machines, various small appliances, elevators, variable frequency drives, medical imaging products, and robotics and automation system It also provides core components, such as compressors, motors, chips, valves, reducers, auto parts, motion control and automation, high and low-voltage variable frequency drive, energy storage and cooling modules under the GMCC, Welling, CLOU Electronics, HICONICS, SERVOTRONIX, MR, MOTINOVA, MSCT, TOSHIBA, and SUNYE brand name.
In addition, the company provides building solutions; industrial robotics, automatic logistics systems, and transmission systems for future factory-related fields and related solutions for health care, entertainment, new consumption, etc.; as well as smart supply chain solutions.
Further, the company 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, and finance leasing services.
Additionally, it provides Internet of Things solutions for intelligent appliances. Midea Group Co., Ltd. was founded in 1968 and is headquartered in Foshan, China.
| Country | China |
| Founded | 1968 |
| Industry | Household Appliances |
| Employees | 198,432 |
| CEO | Hongbo Fang |
Contact Details
Address: Midea Headquarters Building Foshan, 528311 China | |
| Phone | 86 757 2633 8888 |
| Website | midea.com |
Stock Details
| Ticker Symbol | MGCOF |
| Exchange | OTCMKTS |
| Fiscal Year | January - December |
| Reporting Currency | CNY |
| SIC Code | 3630 |
Key Executives
| Name | Position |
|---|---|
| Hongbo Fang | Chief Executive Officer |
| Zheng Zhong | Chief Financial Officer |
| Shu Gao | Head of Investor Relations |