Midea Group Co., Ltd. (A shares) (MIDEA) income statement

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

Midea Group Co., Ltd. (A shares) (MIDEA) reported revenue of CN¥108B for Q3 '26 (-3.9% year on year), operating income of CN¥11.5B (10.6% of revenue) and net income of CN¥14.9B. Over the last four quarters revenue was CN¥463B.

Income statement

Income statement	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Revenue	CN¥80.8B	CN¥106B	CN¥111B	CN¥102B	CN¥88.2B	CN¥128B	CN¥123B	CN¥112B	CN¥93.8B	CN¥132B	CN¥129B	CN¥108B
Cost of revenue	CN¥60.5B	CN¥77.9B	CN¥81.3B	CN¥75.2B	CN¥66B	CN¥95.3B	CN¥91.9B	CN¥82.3B	CN¥66.9B	CN¥97.6B	CN¥96.8B	CN¥79.5B
Gross profit	CN¥20.3B	CN¥28.1B	CN¥29.8B	CN¥26.5B	CN¥22.3B	CN¥32.6B	CN¥31.4B	CN¥30.1B	CN¥26.9B	CN¥34B	CN¥32.7B	CN¥28.6B
Research & development	CN¥4.57B	CN¥3.59B	CN¥4.07B	CN¥3.74B	CN¥4.83B	CN¥4.35B	CN¥4.42B	CN¥4.18B	CN¥4.84B	CN¥4.17B	CN¥4.3B	CN¥4.05B
Sales & marketing	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥11.2B	CN¥0	CN¥10.1B	CN¥0	CN¥0	CN¥0
General & administrative	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥3.72B	CN¥13.5B	CN¥5.12B	CN¥0	CN¥0	CN¥0
Other operating expenses	CN¥267M	CN¥176M	CN¥149M	CN¥28.3M	CN¥654M	CN¥213M	-CN¥3.99B	CN¥773M	CN¥334M	CN¥721M	CN¥2.11B	CN¥735M
Operating expenses	CN¥15.6B	CN¥17.2B	CN¥18.2B	CN¥17.2B	CN¥17.1B	CN¥20.3B	CN¥15.3B	CN¥18.5B	CN¥20.3B	CN¥20.3B	CN¥20.8B	CN¥17.1B
Operating income	CN¥4.69B	CN¥10.8B	CN¥11.6B	CN¥9.24B	CN¥5.2B	CN¥12.2B	CN¥16.1B	CN¥11.6B	CN¥6.57B	CN¥13.7B	CN¥11.9B	CN¥11.5B
Interest income	CN¥1.84B	CN¥1.83B	CN¥1.97B	CN¥1.78B	CN¥2.23B	CN¥2.55B	CN¥2.27B	CN¥2.8B	CN¥822M	CN¥2.64B	CN¥3.61B	CN¥3.84B
Interest expense	CN¥523M	CN¥532M	CN¥533M	CN¥640M	CN¥748M	CN¥447M	CN¥671M	CN¥570M	CN¥524M	CN¥368M	CN¥495M	CN¥456M
Other non-operating income (gains on investments, FX ...)	-CN¥2.26B	-CN¥328M	-CN¥3.33B	-CN¥4.1B	-CN¥3.68B	-CN¥3.26B	CN¥3.81B	-CN¥3.35B	-CN¥1.18B	-CN¥1.77B	CN¥0	CN¥0
Total non-operating income	CN¥1.8B	-CN¥79.9M	CN¥3.1B	CN¥3.7B	CN¥3.09B	CN¥2.91B	CN¥78.1M	CN¥2.93B	CN¥659M	CN¥1.4B	CN¥4.83B	CN¥7.53B
Income before tax	CN¥6.49B	CN¥10.7B	CN¥14.7B	CN¥12.9B	CN¥8.29B	CN¥15.1B	CN¥16.2B	CN¥14.5B	CN¥7.23B	CN¥15.1B	CN¥16.7B	CN¥19B
Income tax	CN¥1.04B	CN¥1.71B	CN¥2.6B	CN¥1.94B	CN¥1.69B	CN¥2.39B	CN¥2.31B	CN¥2.52B	CN¥1.34B	CN¥2.28B	CN¥2.98B	CN¥4.07B
Net income	CN¥6B	CN¥9B	CN¥11.8B	CN¥10.9B	CN¥6.84B	CN¥12.4B	CN¥13.6B	CN¥11.9B	CN¥6.06B	CN¥12.7B	CN¥13.8B	CN¥14.9B
EPS (basic)	CN¥0.87	CN¥1.31	CN¥1.69	CN¥1.43	CN¥0.89	CN¥1.64	CN¥1.77	CN¥1.57	CN¥0.80	CN¥1.67	CN¥1.83	CN¥2.02
EPS (diluted)	CN¥0.87	CN¥1.31	CN¥1.67	CN¥1.43	CN¥0.89	CN¥1.63	CN¥1.77	CN¥1.56	CN¥0.80	CN¥1.67	CN¥1.81	CN¥1.98
Shares (basic, weighted)	6.9B	6.87B	6.98B	7.65B	7.64B	7.57B	7.67B	7.56B	7.56B	7.6B	7.53B	7.4B
Shares (diluted, weighted)	6.9B	6.87B	7.07B	7.65B	7.64B	7.62B	7.67B	7.61B	7.61B	7.6B	7.61B	7.55B
Depreciation & amortization	CN¥2.02B	CN¥1.92B	CN¥1.92B	CN¥1.99B	CN¥1.99B	CN¥0	CN¥2.14B	CN¥2.53B	CN¥2.53B	CN¥0	CN¥2.5B	CN¥0
EBITDA	CN¥8.98B	CN¥13.1B	CN¥16.9B	CN¥15.3B	CN¥10.9B	CN¥15.5B	CN¥14.5B	CN¥17.5B	CN¥10.3B	CN¥15.5B	CN¥14.4B	CN¥11.5B

Income statement	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	CN¥159B	CN¥241B	CN¥260B	CN¥278B	CN¥284B	CN¥342B	CN¥344B	CN¥372B	CN¥407B	CN¥459B
Cost of revenue	CN¥116B	CN¥181B	CN¥188B	CN¥198B	CN¥213B	CN¥265B	CN¥261B	CN¥276B	CN¥300B	CN¥336B
Gross profit	CN¥42.7B	CN¥59.8B	CN¥71.8B	CN¥79.6B	CN¥71.2B	CN¥77.1B	CN¥83.5B	CN¥95.4B	CN¥107B	CN¥123B
Research & development	CN¥6.05B	CN¥7.27B	CN¥8.38B	CN¥9.64B	CN¥10.1B	CN¥12B	CN¥12.6B	CN¥14.6B	CN¥16.2B	CN¥17.8B
Sales & marketing	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥42.9B
General & administrative	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥16.1B
Other operating expenses	CN¥108M	CN¥41.8M	CN¥260M	CN¥311M	CN¥356M	CN¥823M	CN¥449M	CN¥74.5M	-CN¥858M	-CN¥447M
Operating expenses	CN¥27.7B	CN¥41.7B	CN¥49.5B	CN¥54.2B	CN¥47.6B	CN¥51.8B	CN¥53.9B	CN¥60.2B	CN¥68.6B	CN¥76.3B
Operating income	CN¥15B	CN¥18B	CN¥22.4B	CN¥25.4B	CN¥23.7B	CN¥25.4B	CN¥29.6B	CN¥35.2B	CN¥38.8B	CN¥46.2B
Interest income	CN¥2.28B	CN¥2.56B	CN¥2.75B	CN¥3.82B	CN¥5.26B	CN¥6.33B	CN¥6B	CN¥7.19B	CN¥7.22B	CN¥8.44B
Interest expense	CN¥557M	CN¥1.1B	CN¥818M	CN¥1.04B	CN¥1.47B	CN¥1.59B	CN¥1.94B	CN¥2.81B	CN¥2.47B	CN¥2.21B
Other non-operating income (gains on investments, FX ...)	-CN¥4.27B	-CN¥4.6B	-CN¥3.87B	-CN¥5.04B	-CN¥9.07B	-CN¥9.38B	-CN¥6.65B	-CN¥7.17B	-CN¥9.54B	-CN¥9.11B
Total non-operating income	CN¥3.88B	CN¥3.81B	CN¥3.4B	CN¥4.51B	CN¥8B	CN¥8.34B	CN¥5.31B	CN¥5.04B	CN¥7.92B	CN¥6.9B
Income before tax	CN¥18.9B	CN¥21.9B	CN¥25.8B	CN¥29.9B	CN¥31.7B	CN¥33.7B	CN¥35B	CN¥40.3B	CN¥46.7B	CN¥53.1B
Income tax	CN¥3.05B	CN¥3.24B	CN¥4.12B	CN¥4.65B	CN¥4.16B	CN¥4.7B	CN¥5.15B	CN¥6.53B	CN¥7.93B	CN¥8.57B
Net income	CN¥14.7B	CN¥17.3B	CN¥20.2B	CN¥24.2B	CN¥27.2B	CN¥28.6B	CN¥29.6B	CN¥33.7B	CN¥38.5B	CN¥43.9B
EPS (basic)	CN¥2.29	CN¥2.66	CN¥3.08	CN¥3.60	CN¥3.93	CN¥4.17	CN¥4.34	CN¥4.93	CN¥5.44	CN¥5.81
EPS (diluted)	CN¥2.28	CN¥2.63	CN¥3.05	CN¥3.57	CN¥3.90	CN¥4.13	CN¥4.32	CN¥4.92	CN¥5.42	CN¥5.78
Shares (basic, weighted)	6.41B	6.5B	6.57B	6.71B	6.91B	6.84B	6.79B	6.84B	7.07B	7.56B
Shares (diluted, weighted)	6.44B	6.57B	6.63B	6.77B	6.97B	6.91B	6.82B	6.85B	7.11B	7.61B
Depreciation & amortization	CN¥3.58B	CN¥6.7B	CN¥4.82B	CN¥5.17B	CN¥5.02B	CN¥6.18B	CN¥6.51B	CN¥7.35B	CN¥7.82B	CN¥9.34B
EBITDA	CN¥22.9B	CN¥29.3B	CN¥31.1B	CN¥35.6B	CN¥37.8B	CN¥40.9B	CN¥42.8B	CN¥49.8B	CN¥56.1B	CN¥64.6B

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.

Revenue, operating income and growth

quarterly

Margins

quarterly

Costs as % of revenue

quarterly

The other statements

Balance sheetCash, investments, assets, debt, liabilities and equityOpen 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