Midea Group Co., Ltd. (A shares) (MIDEA) balance sheet

SHZ · Consumer Cyclical · Furnishings, Fixtures & Appliances · 198,570 employees · CEO Jianguo Wang

Price: CN¥89.18 +1.94%
Market cap: CN¥666B
Enterprise value: CN¥682B
Last report: Q3 '26 filed 2026-09-30
Next report: 2027-04-23 EPS est. CN¥1.00

At the end of Q3 '26 Midea Group Co., Ltd. (A shares) (MIDEA) held CN¥130B in cash and short-term investments against CN¥126B of debt incl. leases. Total assets CN¥629B, total liabilities CN¥393B, shareholders' equity CN¥224B.

Balance sheet

Balance sheet	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Assets
Cash & equivalents	CN¥81.7B	CN¥96B	CN¥102B	CN¥161B	CN¥140B	CN¥161B	CN¥89.6B	CN¥89.8B	CN¥85.2B	CN¥94.1B	CN¥82.1B	CN¥110B
Short-term investments	CN¥65.7B	CN¥1.98B	CN¥56.2B	CN¥7B	CN¥34.5B	CN¥2.49B	CN¥162B	CN¥3.29B	CN¥711M	CN¥2.33B	CN¥11.7B	CN¥19.5B
Receivables	CN¥78.8B	CN¥84.1B	CN¥94.8B	CN¥75.6B	CN¥134B	CN¥92.6B	CN¥99.3B	CN¥85.3B	CN¥68.1B	CN¥91.2B	CN¥107B	CN¥82.2B
Inventory	CN¥50.7B	CN¥45B	CN¥44.4B	CN¥42.8B	CN¥67B	CN¥56.9B	CN¥53.7B	CN¥48B	CN¥64.6B	CN¥61.6B	CN¥59.6B	CN¥56.6B
Other current assets	CN¥3.42B	CN¥64.6B	CN¥3.37B	CN¥72B	CN¥13.2B	CN¥107B	CN¥12.6B	CN¥137B	CN¥195B	CN¥162B	CN¥177B	CN¥171B
Current assets	CN¥281B	CN¥292B	CN¥302B	CN¥362B	CN¥389B	CN¥420B	CN¥418B	CN¥368B	CN¥417B	CN¥411B	CN¥437B	CN¥444B
Property, plant & equipment (net)	CN¥38.7B	CN¥38.7B	CN¥39.2B	CN¥40.4B	CN¥41.7B	CN¥45.5B	CN¥48B	CN¥49.1B	CN¥51.2B	CN¥51.1B	CN¥50.5B	CN¥50.6B
Long-term investments	CN¥101B	CN¥21.5B	CN¥101B	CN¥11.8B	CN¥109B	CN¥11.1B	CN¥95.8B	CN¥11.7B	CN¥8.88B	CN¥11.5B	CN¥82.6B	CN¥9.03B
Goodwill	CN¥30.9B	CN¥30.2B	CN¥30B	CN¥30.7B	CN¥29.6B	CN¥31.9B	CN¥34.7B	CN¥34.4B	CN¥34.3B	CN¥33.2B	CN¥31.6B	CN¥31.1B
Intangible assets	CN¥18.5B	CN¥17.9B	CN¥17.6B	CN¥17.7B	CN¥17B	CN¥20.1B	CN¥21.9B	CN¥21.7B	CN¥21.6B	CN¥20.8B	CN¥20.2B	CN¥19.6B
Deferred tax assets	CN¥12.8B	CN¥13.6B	CN¥13.8B	CN¥14.2B	CN¥14.1B	CN¥14.7B	CN¥15.2B	CN¥14.8B	CN¥15.1B	CN¥16.5B	CN¥17B	CN¥16.5B
Other non-current assets	CN¥3.22B	CN¥84.5B	CN¥3.53B	CN¥90.5B	CN¥3.52B	CN¥91.6B	CN¥4.19B	CN¥94.2B	CN¥60.3B	CN¥69.5B	CN¥4.19B	CN¥58.5B
Non-current assets	CN¥205B	CN¥206B	CN¥205B	CN¥205B	CN¥215B	CN¥215B	CN¥220B	CN¥226B	CN¥192B	CN¥203B	CN¥206B	CN¥185B
Total assets	CN¥486B	CN¥498B	CN¥507B	CN¥567B	CN¥604B	CN¥635B	CN¥638B	CN¥593B	CN¥609B	CN¥614B	CN¥643B	CN¥629B
Liabilities
Accounts payable	CN¥72.5B	CN¥79.1B	CN¥85B	CN¥85B	CN¥92.8B	CN¥97B	CN¥103B	CN¥98.2B	CN¥131B	CN¥106B	CN¥110B	CN¥93B
Accrued expenses	CN¥8.97B	CN¥5.56B	CN¥6.47B	CN¥7.64B	CN¥9B	CN¥5.74B	CN¥6.48B	CN¥7.62B	CN¥0	CN¥5.66B	CN¥6.25B	CN¥7.32B
Short-term debt	CN¥45.1B	CN¥40.2B	CN¥52.1B	CN¥91.7B	CN¥96.8B	CN¥111B	CN¥110B	CN¥70.8B	CN¥43.9B	CN¥74.2B	CN¥107B	CN¥99.1B
Taxes payable	CN¥3.48B	CN¥6.97B	CN¥3.79B	CN¥6.58B	CN¥6.19B	CN¥0	CN¥0	CN¥0	CN¥7.16B	CN¥0	CN¥0	CN¥0
Deferred revenue	CN¥41.8B	CN¥37.6B	CN¥34.7B	CN¥37.5B	CN¥49.3B	CN¥41.6B	CN¥38.6B	CN¥36.5B	CN¥0	CN¥41.2B	CN¥45.5B	CN¥41.3B
Other current liabilities	CN¥79.4B	CN¥84.6B	CN¥94.3B	CN¥93.6B	CN¥100B	CN¥106B	CN¥120B	CN¥110B	CN¥147B	CN¥104B	CN¥108B	CN¥104B
Current liabilities	CN¥251B	CN¥254B	CN¥276B	CN¥322B	CN¥352B	CN¥370B	CN¥383B	CN¥330B	CN¥343B	CN¥338B	CN¥382B	CN¥352B
Long-term debt	CN¥49.4B	CN¥49.2B	CN¥43.1B	CN¥13.7B	CN¥13.8B	CN¥10.9B	CN¥12.2B	CN¥15.8B	CN¥15.9B	CN¥16.7B	CN¥22.1B	CN¥25.2B
Lease obligations (non-current)	CN¥2.05B	CN¥1.93B	CN¥1.91B	CN¥1.91B	CN¥1.83B	CN¥1.91B	CN¥2.09B	CN¥1.97B	CN¥1.9B	CN¥1.97B	CN¥1.92B	CN¥2.06B
Deferred revenue (non-current)	CN¥1.73B	CN¥1.75B	CN¥1.74B	CN¥1.78B	CN¥2.2B	CN¥2.26B	CN¥2.26B	CN¥2.29B	CN¥2.64B	CN¥2.73B	CN¥2.88B	CN¥2.73B
Deferred tax liabilities	CN¥5.1B	CN¥4.83B	CN¥4.91B	CN¥5.08B	CN¥4.9B	CN¥6B	CN¥6.22B	CN¥6.09B	CN¥5.89B	CN¥6.01B	CN¥6.37B	CN¥8.2B
Other non-current liabilities	CN¥2.26B	CN¥2.37B	CN¥2.35B	CN¥2.39B	CN¥2.19B	CN¥2.45B	CN¥3.23B	CN¥3.13B	CN¥2.7B	CN¥2.57B	CN¥2.36B	CN¥2.71B
Non-current liabilities	CN¥60.5B	CN¥60.1B	CN¥54B	CN¥24.8B	CN¥24.9B	CN¥23.5B	CN¥26B	CN¥29.2B	CN¥29B	CN¥30B	CN¥35.6B	CN¥40.9B
Total liabilities	CN¥312B	CN¥314B	CN¥330B	CN¥347B	CN¥377B	CN¥393B	CN¥409B	CN¥359B	CN¥372B	CN¥368B	CN¥417B	CN¥393B
Equity
Common stock & paid-in capital	CN¥7.03B	CN¥6.97B	CN¥6.98B	CN¥7.65B	CN¥7.66B	CN¥7.66B	CN¥7.67B	CN¥7.68B	CN¥7.6B	CN¥7.6B	CN¥7.61B	CN¥7.63B
Retained earnings	CN¥136B	CN¥145B	CN¥136B	CN¥147B	CN¥154B	CN¥166B	CN¥153B	CN¥161B	CN¥167B	CN¥180B	CN¥165B	CN¥180B
Accumulated other comprehensive income	CN¥15.1B	CN¥27.9B	CN¥14.6B	CN¥60.4B	CN¥14.9B	CN¥62B	CN¥15.8B	CN¥62.6B	CN¥0	CN¥54.6B	CN¥12.2B	CN¥55.1B
Shareholders' equity	CN¥163B	CN¥172B	CN¥165B	CN¥209B	CN¥217B	CN¥230B	CN¥216B	CN¥221B	CN¥223B	CN¥232B	CN¥213B	CN¥224B
Debt
Total debt (incl. leases)	CN¥96.5B	CN¥91.4B	CN¥97.1B	CN¥107B	CN¥112B	CN¥124B	CN¥125B	CN¥88.6B	CN¥61.7B	CN¥92.9B	CN¥131B	CN¥126B
Net debt (debt - cash)	CN¥14.8B	-CN¥4.58B	-CN¥4.86B	-CN¥53.6B	-CN¥28B	-CN¥37.2B	CN¥35.1B	-CN¥1.25B	-CN¥23.6B	-CN¥1.17B	CN¥49.1B	CN¥16B

Balance sheet	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	CN¥27.2B	CN¥27.5B	CN¥24.9B	CN¥70.9B	CN¥81.2B	CN¥71.9B	CN¥55.3B	CN¥81.7B	CN¥140B	CN¥85.2B
Short-term investments	CN¥50.3B	CN¥62.5B	CN¥4.52B	CN¥1.09B	CN¥53.8B	CN¥48.9B	CN¥79B	CN¥65.7B	CN¥82.7B	CN¥711M
Receivables	CN¥34.2B	CN¥46.2B	CN¥49B	CN¥47.7B	CN¥69.2B	CN¥73.9B	CN¥71.8B	CN¥78.8B	CN¥85.7B	CN¥68.1B
Inventory	CN¥15.6B	CN¥29.4B	CN¥31.9B	CN¥34.7B	CN¥33.8B	CN¥50.3B	CN¥50.4B	CN¥50.7B	CN¥67B	CN¥64.6B
Other current assets	CN¥475M	CN¥1.87B	CN¥71.7B	CN¥61.2B	CN¥2.84B	CN¥3.04B	CN¥3.73B	CN¥3.42B	CN¥13.2B	CN¥195B
Current assets	CN¥121B	CN¥170B	CN¥183B	CN¥216B	CN¥242B	CN¥249B	CN¥261B	CN¥281B	CN¥389B	CN¥417B
Property, plant & equipment (net)	CN¥21.6B	CN¥23.5B	CN¥24.5B	CN¥22.9B	CN¥23.7B	CN¥27.8B	CN¥32.3B	CN¥38.7B	CN¥41.7B	CN¥51.2B
Long-term investments	CN¥7.93B	CN¥5.25B	CN¥5.05B	CN¥11.3B	CN¥40.4B	CN¥55.7B	CN¥71.1B	CN¥101B	CN¥109B	CN¥8.88B
Goodwill	CN¥5.73B	CN¥28.9B	CN¥29.1B	CN¥28.2B	CN¥29.6B	CN¥27.9B	CN¥28.5B	CN¥30.9B	CN¥29.6B	CN¥34.3B
Intangible assets	CN¥6.87B	CN¥15.2B	CN¥16.2B	CN¥15.5B	CN¥15.4B	CN¥17.2B	CN¥16.9B	CN¥18.5B	CN¥17B	CN¥21.6B
Deferred tax assets	CN¥3.03B	CN¥4.02B	CN¥4.42B	CN¥5.77B	CN¥7.21B	CN¥8.19B	CN¥10.2B	CN¥12.8B	CN¥14.1B	CN¥15.1B
Other non-current assets	CN¥4.78B	CN¥1.47B	CN¥1.74B	CN¥1.86B	CN¥2.43B	CN¥2.28B	CN¥2.39B	CN¥3.22B	CN¥3.52B	CN¥60.3B
Non-current assets	CN¥50B	CN¥78.3B	CN¥81B	CN¥85.5B	CN¥119B	CN¥139B	CN¥161B	CN¥205B	CN¥215B	CN¥192B
Total assets	CN¥171B	CN¥248B	CN¥264B	CN¥302B	CN¥360B	CN¥388B	CN¥423B	CN¥486B	CN¥604B	CN¥609B
Liabilities
Accounts payable	CN¥25.4B	CN¥35.1B	CN¥36.9B	CN¥42.5B	CN¥53.9B	CN¥66B	CN¥64.2B	CN¥72.5B	CN¥92.8B	CN¥131B
Accrued expenses	CN¥3.12B	CN¥5.12B	CN¥5.66B	CN¥6.32B	CN¥6.86B	CN¥7.44B	CN¥7.05B	CN¥8.97B	CN¥9B	CN¥0
Short-term debt	CN¥21.5B	CN¥28B	CN¥31.5B	CN¥30.9B	CN¥47.6B	CN¥67.3B	CN¥38.1B	CN¥45.1B	CN¥96.8B	CN¥43.9B
Taxes payable	CN¥2.36B	CN¥3.54B	CN¥3.88B	CN¥5.1B	CN¥5.76B	CN¥5.4B	CN¥4.96B	CN¥3.48B	CN¥6.19B	CN¥7.16B
Deferred revenue	CN¥10.3B	CN¥17.4B	CN¥16.8B	CN¥16.2B	CN¥18.4B	CN¥23.9B	CN¥28B	CN¥41.8B	CN¥49.3B	CN¥0
Other current liabilities	CN¥27.3B	CN¥31.1B	CN¥36.9B	CN¥45.3B	CN¥54.2B	CN¥55.2B	CN¥66.2B	CN¥79.4B	CN¥100B	CN¥147B
Current liabilities	CN¥89.2B	CN¥119B	CN¥130B	CN¥144B	CN¥184B	CN¥223B	CN¥206B	CN¥251B	CN¥352B	CN¥343B
Long-term debt	CN¥7.07B	CN¥37.5B	CN¥32.1B	CN¥41.3B	CN¥42.8B	CN¥19.7B	CN¥53.8B	CN¥49.4B	CN¥13.8B	CN¥15.9B
Lease obligations (non-current)	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥1.53B	CN¥1.51B	CN¥2.05B	CN¥1.83B	CN¥1.9B
Deferred revenue (non-current)	CN¥502M	CN¥536M	CN¥648M	CN¥617M	CN¥780M	CN¥1.23B	CN¥1.72B	CN¥1.73B	CN¥2.2B	CN¥2.64B
Deferred tax liabilities	CN¥1.83B	CN¥3.97B	CN¥4.42B	CN¥4.56B	CN¥5.22B	CN¥4.95B	CN¥4.65B	CN¥5.1B	CN¥4.9B	CN¥5.89B
Other non-current liabilities	CN¥3.03B	CN¥4.04B	CN¥3.85B	CN¥3.67B	CN¥3.16B	CN¥2.82B	CN¥2.56B	CN¥2.26B	CN¥2.19B	CN¥2.7B
Non-current liabilities	CN¥12.4B	CN¥46.1B	CN¥41B	CN¥50.1B	CN¥52B	CN¥30.3B	CN¥64.3B	CN¥60.5B	CN¥24.9B	CN¥29B
Total liabilities	CN¥102B	CN¥165B	CN¥171B	CN¥194B	CN¥236B	CN¥253B	CN¥271B	CN¥312B	CN¥377B	CN¥372B
Equity
Common stock & paid-in capital	CN¥6.46B	CN¥6.56B	CN¥6.66B	CN¥6.97B	CN¥7.03B	CN¥6.99B	CN¥7B	CN¥7.03B	CN¥7.66B	CN¥7.6B
Retained earnings	CN¥38.1B	CN¥47.6B	CN¥58.8B	CN¥72.7B	CN¥87.1B	CN¥103B	CN¥120B	CN¥136B	CN¥154B	CN¥167B
Accumulated other comprehensive income	CN¥6.6B	CN¥8.01B	CN¥8.09B	CN¥10.1B	CN¥11.3B	CN¥14B	CN¥15.7B	CN¥15.1B	CN¥14.9B	CN¥0
Shareholders' equity	CN¥61.1B	CN¥73.7B	CN¥83.1B	CN¥102B	CN¥118B	CN¥125B	CN¥143B	CN¥163B	CN¥217B	CN¥223B
Debt
Total debt (incl. leases)	CN¥28.6B	CN¥65.6B	CN¥63.6B	CN¥72.3B	CN¥90.5B	CN¥88.6B	CN¥93.4B	CN¥96.5B	CN¥112B	CN¥61.7B
Net debt (debt - cash)	CN¥1.45B	CN¥38.1B	CN¥38.8B	CN¥1.34B	CN¥9.25B	CN¥16.7B	CN¥38.1B	CN¥14.8B	-CN¥28B	-CN¥23.6B

Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in CNY.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates: Financial Modeling Prep.

Data as of 2026-11-01