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Midea Group Co Ltd (000333.SZ)

000333.SZ on Shenzhen Stock Exchange

34.92CNY
24 Mar 2017
Change (% chg)

¥0.17 (+0.49%)
Prev Close
¥34.75
Open
¥34.76
Day's High
¥35.66
Day's Low
¥34.61
Volume
43,208,129
Avg. Vol
33,458,329
52-wk High
¥35.66
52-wk Low
¥19.67

Latest Key Developments (Source: Significant Developments)

Kuka wins major automotive order, proposes dividend of 0.50 euros/shr
Wednesday, 22 Mar 2017 02:15am EDT 

Kuka Ag : Kuka wins major automotive order . Robotics division has received a major new order in the double-digit million euro range from a German premium car manufacturer . Framework agreement with the Daimler AG encompasses the supply of multiple industrial robots of the KR Quantec generation and the integrated KRC4 controller, as well as robots from the KR Fortec heavy-duty series . Deliveries will commence in 2018 . Sales revenues of Kuka Group reached a value of 2,948.9 million euros ($3.19 billion) in 2016 and were thus at almost the same level as the previous year, when they amounted to 2,965.9 million euros . FY earnings before interest and taxes (EBIT) of 166.0 million euros (2015: 194.3 million euros) . Order backlog of 2.0 billion euros (+25.0 pct) at year-end, ensuring a high level of capacity utilization in 2017 . Dividend recommendation 0.50 euros per share . Anticipates high demand in fiscal 2017, particularly from china and north america . Is anticipating sales revenues of around 3.1 billion euros in fiscal 2017 .Expects to achieve 2017 EBIT margin of more than 5.5 pct before purchase price allocation for Swisslog and also before growth investments amounting to 5 / 8 about 45 million euros.  Full Article

Midea Group interested in investing in Toshiba's semiconductor unit - Nikkei
Tuesday, 7 Mar 2017 05:44pm EST 

Nikkei :Midea Group is interested in investing in Toshiba's semiconductor unit - Nikkei.  Full Article

Midea Group's H1 net profit up 14.1 pct
Tuesday, 30 Aug 2016 06:00am EDT 

Midea Group Co Ltd <000333.SZ> :Says H1 net profit up 14.1 percent y/y.  Full Article

Midea Group's acquisition proposal gets U.S. approval
Tuesday, 30 Aug 2016 04:10am EDT 

Midea Group <000333.SZ> :Says its acquisition proposal gets U.S. authorities' approval, deal pending approvals from EU, Russia, Brazil, Mexico.  Full Article

China Midea's acquisition proposal gets German authorities' approval
Monday, 22 Aug 2016 05:30am EDT 

Midea Group <000333.SZ> :Says its acquisition proposal gets German authorities' approval, deal pending approvals from EU, U.S., Russia, Brazil, Mexico.  Full Article

Midea says holds 94.55 pct of Kuka shares after second tender period expires
Monday, 8 Aug 2016 04:00am EDT 

: Midea says holds 94.55 percent of Kuka shares after second tender period expires Further company coverage: [KU2G.DE] (Frankfurt Newsroom) ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

China's Midea raised stakes in Germany's Kuka to 76.4 pct
Friday, 15 Jul 2016 04:16am EDT 

Midea Group Co Ltd <000333.SZ> :Says it has raised stakes in Germany's Kuka to 76.38 percent.  Full Article

Germany watching Kuka takeover but says it is a corporate issue
Monday, 4 Jul 2016 06:35am EDT 

: German economy ministry spokesman says following Kuka negotiations closely, but it is a corporate issue Further company coverage: [KU2G.DE] (Reporting by Paul Carrel) ((paul.carrel@thomsonreuters.com;)).  Full Article

Midea Group unit buys 80.1 pct stake in home appliance business co from Toshiba
Monday, 4 Jul 2016 05:07am EDT 

Midea Group Co Ltd <000333.SZ>:Says it completed acquisition of 80.1 percent stake in Toshiba's unit that as its main part of home appliance business, via unit Midea International Corporation Company Limited.  Full Article

Kuka expects revenue increase in China to 1 bln eur by 2020
Wednesday, 29 Jun 2016 03:15am EDT 

Kuka : Says plans revenue increase in China to 1 billion eur ($1.11 billion) by 2020 from 425 million in 2015-presentation Further company coverage: [KU2G.DE] ($1 = 0.9019 euros) ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

More From Around the Web

BRIEF-Block trade of Midea's 102.3 mln shares involves 2.9 bln yuan - exchange disclosure

* Shows block trade of Midea Group Co Ltd's 102.3 million shares involving 2.9 billion yuan ($424.22 million)on January 18