Midea Group (SHE: 000333, HKEX: 0300) – World's Largest Smart Home Appliances and Industrial Technology Group | Company Profile
Midea Group is a global technology conglomerate headquartered in China, with core businesses spanning smart home, building technology, industrial technology, robotics & automation, and innovative services. It is the world's largest smart home appliance manufacturer and a leading provider of industrial technology solutions.
I. Company Overview
Midea Group (SHE: 000333, HKEX: 0300) was founded in 1968 and headquartered in Foshan, China. With 190,000 full-time employees, it is a global technology group covering five major business segments: Smart Home, Building Technology, Industrial Technology, Robotics & Automation, and Innovative Services. It owns multiple renowned brands including Midea, Little Swan, Hualing, COLMO, and KUKA, with operations spanning over 200 countries and regions.
Official Website: https://www.midea.com/global
II. Core Business Segments
- Smart Home
- Provides smart home appliances, intelligent living solutions, and eco-chain products for C-end users, focusing on intelligent scenario construction, user operation, and data value exploration.
- Industrial Technology
- Integrates technological strengths in green energy and industrial core components to offer green, efficient, and intelligent products and technical solutions for global industrial clients.
- Building Technology
- Centered on a building digital service platform, it provides integrated intelligent, digital, and low-carbon solutions for building architecture.
- Robotics & Automation
- Focuses on future factory-related fields, offering industrial robots, logistics automation systems, and solutions for medical, entertainment, and other sectors.
- Innovative Services
- Includes new business models such as software services for enterprise digital transformation, unmanned retail solutions, and production-oriented services.
III. Technical and Business Advantages
- World's largest smart home appliance manufacturer, holding a 7.9% market share in 2023
- No. 1 global sales in home air conditioners (23.7%) and home appliance compressors production (30.3%)
- Largest commercial air conditioner provider in China and top 5 globally (14.3% market share)
- Operates 43 major production bases and 33 R&D centers, with nearly CNY 60 billion invested in R&D over the past five years
- Global brand presence serving over 500 million users worldwide
IV. Development History
| Year | Key Events |
|---|---|
| 1968 | He Xiangjian led 23 people to raise CNY 5,000 to start a business producing plastic bottle caps |
| 1980 | Entered the home appliance industry, producing electric fans |
| 1993 | Established Midea Group and carried out shareholding system reform |
| 1998 | Acquired a compressor company, entering the air conditioner compressor sector |
| 2007 | Completed and put into operation the first overseas production base in Vietnam |
| 2013 | Midea Group completed overall listing |
| 2016 | Acquired 80.1% equity of Toshiba Home Appliances and 94.55% equity of KUKA Robotics |
| 2024 | Listed on the Hong Kong Stock Exchange, raising approximately $4 billion |
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