Midea Group Co Ltd - Company Profile
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Midea Group Co Ltd (Midea) is a manufacturer, marketer, and seller of diversified products, including consumer appliances, HVAC (heating, ventilation and air-conditioning) systems, robotics and industrial automation and smart supply chain. The company’s major products include both residential and commercial air-conditioners, laundry appliances, kitchen appliances, refrigerators, smart logistics, components, and various small home appliances. It also provides installation, maintenance, after-sale and professional services. Midea markets their products under the brands of Midea, Little Swan, Toshiba, Comfee, Toshiba, Eureka, COLMO, Beverly and Vandelo brand names. The company has business operations in Asia-Pacific, the Americas, Europe, the Middle East and Africa. Midea is headquartered in Foshan City, Guangdong, China.
Headquarters
China
Address
No. 6 Midea Avenue, Midea New Headquarter Building, Foshan, Guangdong, 528311
Website
www.midea.com/global
Telephone
86 757 22607708
No of Employees
198,613
Industry
Consumer Packaged Goods
Ticker Symbol & Exchange
000333 (SHE)
Revenue (2022)
$52.8B
8.1%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
14.1%
(2022 vs 2021)
Market Cap*
$65.4B
Net Profit Margin (2022)
XYZ
5.5%
(2022 vs 2021)
* As of and is in US$
Midea Group Co Ltd premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Air Compressors | Installation | Midea |
| Air Conditioners | Maintenance | Little Swan |
| Bread Makers | After-Sales Services | Comfee |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | New Products/Services | In March, the company launched small appliances lineup in Chicago, Illinois, the US. |
| 2024 | New Products/Services | In March, the company launched the Midea P8 Plus, a cordless vacuum cleaner with a docking station. |
| 2024 | Corporate Changes/Expansions | In February, the company opened its showroom and distribution center in New York, the US. |
Competitor Comparison
| Key Parameters | Midea Group Co Ltd | Samsung Electronics Co Ltd | Haier Smart Home Co Ltd | Gree Electric Appliances Inc of Zhuhai | A. O. Smith Corp |
|---|---|---|---|---|---|
| Headquarters | China | South Korea | China | China | United States of America |
| City | Foshan | Suwon | Qingdao | Zhuhai | Milwaukee |
| State/Province | Guangdong | Seoul | Shandong | Guangdong | Wisconsin |
| No. of Employees | 198,613 | 98,557 | 112,458 | 72,380 | 12,000 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Fang Hongbo | Chief Executive Officer; Chairman | Executive Board | 2012 | 55 |
| Zhong Zheng | Director - Finance; Chief Financial Officer | Senior Management | 2022 | 41 |
| Zhang Xiaoyi | Chief Information Officer; Vice President | Senior Management | 2018 | 49 |
| Zhao Wenxin | Director - Human Resource; Chief People Officer | Senior Management | 2022 | 40 |
| Gu Yanmin | Director; Vice President | Executive Board | 2014 | 59 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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