Midea Group Co., Ltd. (SHE:000333)

Midea Group Financials Overview

Financials in millions CNY. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	459,712	456,452	407,150	372,038	343,918	341,234
Revenue Growth	7.19%	12.11%	9.44%	8.18%	0.79%	20.06%
Gross Profit Gross Profit Growth	120,791	119,799	106,944	95,426	82,912	76,104
Operating Income Operating Income Growth	44,977	43,084	38,580	35,454	29,825	24,788
Net Income Net Income Growth	44,082	43,830	38,453	33,654	29,490	28,491
Earnings Per Share EPS Growth	5.82	5.76	5.42	4.92	4.33	4.14
EPS Growth	1.22%	6.33%	10.07%	13.58%	4.75%	5.97%

Revenue by Segment

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Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Smart Home Solutions Smart Home Solutions Growth	326,085	295,231	266,977
Intelligent Building Technology Intelligent Building Technology Growth	36,756	28,835	26,352
Industrial Technology Industrial Technology Growth	5,088	4,641	-
Other Unallocated Other Unallocated Growth	62,242	53,789	-

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	96,423	90,586	178,105	142,379	103,179	120,812
Total Debt Total Debt Growth	58,225	67,481	86,255	74,681	67,767	55,776
Net Cash (Debt) Net Cash Growth	38,198	23,105	91,850	67,699	35,411	65,036
Net Cash Growth	-43.52%	-74.84%	35.67%	91.18%	-45.55%	-10.79%
Net Cash Per Share Net Cash Per Share Growth	5.04	3.04	12.91	9.88	5.19	9.42

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	53,554	53,346	60,512	57,903	34,658	35,092
Capital Expenditures CapEx Growth	-11,421	-11,142	-7,840	-6,314	-7,352	-6,825
Free Cash Flow Free Cash Flow Growth	42,133	42,204	52,672	51,589	27,306	28,266
Free Cash Flow Growth	-20.02%	-19.87%	2.10%	88.93%	-3.40%	13.52%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	26.27%	26.25%	26.27%	25.65%	24.11%	22.30%
Operating Margin	9.78%	9.44%	9.48%	9.53%	8.67%	7.26%
Pretax Margin	11.55%	11.63%	11.47%	10.83%	10.16%	9.88%
Profit Margin	9.59%	9.60%	9.44%	9.05%	8.58%	8.35%
FCF Margin	9.16%	9.25%	12.94%	13.87%	7.94%	8.28%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 26, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	4.300	4.300	3.500	3.000	2.500	1.700
Dividend Per Share Growth	22.86%	22.86%	16.67%	20.00%	47.06%	6.25%
Dividend Yield	5.09%	5.78%	5.16%	6.36%	5.88%	2.89%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 26, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	14.53	13.35	14.69	11.21	12.04	17.79
Forward PE	13.52	12.58	13.41	10.53	9.93	15.59
P/FCF Ratio	15.11	13.86	10.73	7.32	13.01	17.93
PS Ratio	1.38	1.28	1.39	1.01	1.03	1.49

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Jul 21, 2026

Data Sources Report a data error