Founded in 1968, it is a world-class white goods manufacturer and brand, a large-scale white goods production base and export base, and a listed company integrating consumer appliances, HVAC, robotics and automation systems, and logistics
Midea Group (SZ.000333) is a large-scale comprehensive enterprise group mainly engaged in the home appliance manufacturing industry, which was listed on the Shenzhen Stock Exchange on September 18, 2013, and has two sub-listed companies, Little Swan (SZ000418) and Welling Holdings (HK00382).
Midea is a technology group of consumer appliances, HVAC, robotics and automation systems, and intelligent supply chain (logistics), providing a diversified range of products, including consumer appliances business with kitchen appliances, refrigerators, washing machines, and various small household appliances; HVAC business of household air conditioning, central air conditioning, heating and ventilation systems; Robotics and industrial automation system business with KUKA Group and Yaskawa Robotics Joint Venture as the core; The intelligent supply chain business with Ander Zhilian as the integrated solution service platform.
Midea adheres to the principle of "creating value for customers" and is committed to creating a better life. Midea focuses on continuous technological innovation to improve the quality of products and services to make life more comfortable and better.
Midea was founded in 1968 in Guangdong, China, and has established a global platform so far. Midea has about 200 subsidiaries, more than 60 overseas branches and 12 strategic business units around the world, and is the most significant shareholder (about 95%) of the KUKA Group in Germany.
In 2015, Midea became the first Chinese home appliance company to obtain the three major international credit ratings of Standard & Poor's, Fitch and Moody's, and the rating results are in a leading position in the global home appliance industry and domestic private enterprises. In 2016, Midea had a revenue of 159.8 billion yuan and a net profit of 15.9 billion yuan, with hundreds of millions of users around the world, important customers and strategic partners in various fields, and about 130,000 employees. Midea ranked 450th in the 2017 Fortune Global 500 and 208th in profit. In the first three quarters of 2017, Midea's revenue was 187.8 billion yuan. Midea is a modern corporate governance company (000333.SZ) listed on the Shenzhen Stock Exchange, and its diversified shareholding structure shows that nearly 20% of the shares are held by international institutional investors.
