Midea Group Co Ltd Class A

000333: XSHE (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Midea's Profitability Should Rise As Product Mix Upgrades and Cost Savings Flow Through

Jeff Zhang

Apr 30, 2025

Business Strategy and Outlook

Midea is one of the largest household appliance manufacturers in China, with key products being 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 product categories. We think the firm’s leadership position is underpinned by its reputable brand, extensive distribution network and strong focus in research and development.

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Midea Group Co Ltd Class A

Midea's Profitability Should Rise As Product Mix Upgrades and Cost Savings Flow Through

Business Strategy and Outlook

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