Midea Group Co Ltd Achieves Record Financial Performance in H1 2025
FOSHAN, China, Aug. 29, 2025 /PRNewswire/ – Midea Group Co Ltd, a leading company in the Consumer Discretionary sector specializing in household durables, has reported a historic financial milestone. The company’s revenue exceeded RMB 100 billion for two consecutive quarters, culminating in a remarkable RMB 252 billion in the first half (H1) of 2025. This represents a 15.7% year-over-year (YoY) increase, underscoring the company’s robust growth trajectory.
Midea Group, headquartered in Foshan, China, is renowned for its diverse portfolio, which includes manufacturing, marketing, and installing household electrical appliances, compressors, and components. The company also extends its expertise into information technology, corporate investment consultation, software and hardware development, property management, and corporate engineering supports. Midea’s products are distributed globally, reinforcing its position as a key player in the household durables industry.
Subsidiary Annto Submits Listing Application
In related developments, Midea Group announced that its subsidiary, Annto, has submitted a listing application to the Stock Exchange of Hong Kong Limited. This move is part of Midea’s strategy to spin off its non-wholly owned subsidiary for independent listing. The announcement was made on August 27, 2025, and has been a focal point for investors and market analysts.
Market Performance and Stock Movements
On the financial markets, Midea Group’s stock experienced a slight decline, closing at 81.6 HKD on August 27, 2025. The company’s market capitalization stands at 560.61 billion HKD, with a price-to-earnings ratio of 14.721. Over the past year, the stock has fluctuated between a high of 101 HKD on October 7, 2024, and a low of 63.2 HKD on April 8, 2025.
In the broader market context, Midea Group’s performance has been closely watched by investors. On August 29, 2025, the company’s stock was part of the deep China ETF (159903), which opened with a slight decrease of 0.07%. Despite this, Midea’s stock remained stable, with no change in its opening price.
Conclusion
Midea Group’s record-breaking financial performance in H1 2025 highlights its strong market position and growth potential. The company’s strategic initiatives, including the listing of its subsidiary Annto, reflect its commitment to expanding its market presence and enhancing shareholder value. As Midea continues to innovate and expand its product offerings, it remains a key player in the global household durables market.