52 Week Range
As of on the Shenzhen Stock Exchange ∙ Minimum 15 minute delay
3M AVG Volume
52 Week High
52 Week Low
Shares Out (MIL)
Market Cap (MIL)
Dividend (Yield %)
Midea Group Plans To Acquire Germany's KUKA
Midea Says Controlling Shareholder's Party Acting In Concert Bought 1.05 Bln Yuan Worth Of Shares
Shenzhen Exchange Filing Shows Block Trade Of Midea Group's Shares Involving 563.3 Mln Yuan
Midea Group Co., Ltd. is a China-based company principally engaged in the manufacture and distribution of household electronics. The Company's products are categorized into three types, including consumer appliances, heating ventilating and air conditioning (HAVC) and robot and automation systems. The Company’s products mainly consist of central air conditioning systems, heating and ventilation systems, kitchen appliances, refrigerators, washing machines and other small home appliances, such as water dispensers, water purifying devices, air purifiers, electric kettles, dust collectors and humidifiers. The Company is also involved in the production of motors, as well as logistics business. The Company distributes its products within domestic market and to overseas markets.
Misc. Capital Goods
Midea New Headquarter Building
No. 6 Midea Avenue
Beijiao Town, Shunde District
Chairman of the Board, President
Chief Financial Officer
Chief Technology Officer, Vice President
Chief Information Officer, Vice President
Vice President, Director
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Global investors sold China-focused equity funds for the second straight month in August on concerns over a regulatory crackdown on local firms and the economic impact of the Delta coronavirus variant.
The investment surge by both new and established automakers in the electric vehicle market is a bonanza for factory equipment manufacturers that supply the highly automated picks and shovels for the prospectors in the EV gold rush.
Shares in China's Suning.com jumped by a maximum 10% on Tuesday after the loss-making online retailer announced a restructuring plan that will see a state-backed fund become a major shareholder, easing investors' liquidity concerns.
Smartphone maker Xiaomi has joined a rush of Chinese tech companies venturing into the semiconductor sector, announcing on Wednesday a new chip to help smartphone cameras process images.
China stocks ended lower on Tuesday, as investors locked in profit following a recent rally, while the market showed scant reaction to news that U.S. President-elect Joe Biden was given the go-ahead to begin his White House transition.
* HK->Shanghai Connect daily quota used 1%, Shanghai->HK daily quota used 4.7%
Chinese firms Joyoung and Gree Electric are among those eyeing the domestic appliances business of Dutch conglomerate Philips' in a deal worth up to 3 billion euros ($3.6 billion), people with knowledge of the matter said.
Chinese police said on Monday that the billionaire founder of house appliance manufacturing giant Midea Group, He Xiangjian, had been rescued safely after his house was broken into the night before.
* FY EBIT INCREASES BY 39.4% OVER 2018 TO €47.8 MILLION, EBIT MARGIN RISES TO 1.5% (2018: 1.1%)
As many parts of China ease coronavirus travel curbs, main manufacturing hubs in the east and south are seeing hundreds of thousands of migrant workers returning to work and more traffic on the roads during rush hours.
Shanghai stocks snapped a five-session rally to end lower on Thursday, as investors remained wary ahead of Washington's decision to proceed with new tariffs on Chinese goods this weekend.
Foreign holdings of China's largest listed home appliances maker Midea Group Co is nearing an offshore ownership cap, as international investors increase exposure to the country's consumer sector which accounts for more than half of its economy.
Germany set out plans on Friday to create a government committee to step in quickly to protect companies against foreign takeovers, a sign of concern about China and others acquiring its technology.
German Economy Minister Peter Altmaier wants to set up a new government body with powers to decide quickly whether to take stakes in key domestic companies to prevent foreign takeovers.
Germany plans to screen non-European investors that want to buy into firms in high-tech sectors such as robotics and artificial intelligence in a move widely seen as targeting Chinese state-backed investors.
Foreign holdings of Chinese stocks rose to a record high by the end of the third quarter, despite the ups and downs in a protracted trade dispute with the United States, as Beijing further opens its financial markets to help fund businesses.
China's private companies have long enjoyed an edge over their state-owned peers, using "unscrupulous" tactics such as bribery, a prominent businesswoman said, at a time when Beijing is seeking to shore up the private sector in a slowing economy.
Heartened by signs of an end to a long-running trade war with the United States and monetary easing at home, China's stock indices have vaulted by a fifth since the beginning of this year and recovered a big chunk of 2018's losses.
Chinese financial xenophobia has thrown a wrench in MSCI's plans to offer up smaller local companies. Days after expanding the weight of mainland shares in its benchmarks, the index provider had to drop a popular tech stock thanks to policies capping foreign shareholdings...
Global index provider MSCI said it would remove Han's Laser Technology from its China indexes and slash the weighting of Midea Group Co, citing issues triggered by foreign ownership ceilings.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.