Midea Group Co Ltd - Class A

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SZSE:000333 (China)   Class A
Â¥ 73.13 (+0.4%) Nov 5
13.43
P/B:
2.68
Market Cap:
Â¥ 556.38B ($ 78.31B)
Enterprise V:
Â¥ 471.16B ($ 66.31B)
Volume:
23.23M
Avg Vol (2M):
46.77M
Trade In:
Volume:
23.23M
Avg Vol (2M):
46.77M

Business Description

Description
Midea Group Co., Ltd. is one of the largest household appliance manufacturers in China, with key products such as air conditioners, refrigerators, washing machines and small household appliances. It is consistently ranked as one of the top three players in China by retail sales in most home appliance categories. The firm also engages in industrial automation and robotics systems through wholly owned Kuka, a global market leader based in Germany. Heating, ventilation, and air conditioning, or HVAC, products generally contribute the most to Midea's revenue, followed by other consumer appliances, and robotics and automation systems. In addition, Midea generates around 40% of sales outside China.