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Midea Group Co. Ltd. Class H ( (HK:0300) ) has provided an announcement.
Midea Group reported modest growth for the first quarter of 2026, with operating revenue rising 2.55% year on year to RMB131.10 billion and net profit attributable to shareholders edging up 2.03% to RMB12.67 billion. However, profit before non-recurring gains or losses fell 14.02%, suggesting underlying earnings pressure despite steady cash flows from operations and a stable 5.56% return on net assets, while total assets and shareholders’ equity continued to expand slightly.
Basic and diluted earnings per share both improved marginally, indicating some per-share profitability gains even as core profit softened. The unaudited figures suggest that while Midea is maintaining growth and financial stability, its operational efficiency and core profitability may be facing headwinds, an important signal for investors tracking the group’s earnings quality and longer-term competitiveness in the appliance sector.
The most recent analyst rating on (HK:0300) stock is a Buy with a HK$102.00 price target. To see the full list of analyst forecasts on Midea Group Co. Ltd. Class H stock, see the HK:0300 Stock Forecast page.
More about Midea Group Co. Ltd. Class H
Midea Group Co., Ltd. is a China-based joint stock company operating in the home appliances and related manufacturing industry, with its H-shares listed in Hong Kong. The group focuses on designing, producing and selling a broad range of household and industrial electrical products, positioning itself as a major player in the global consumer electronics and appliance market.
Average Trading Volume: 3,650,200
Technical Sentiment Signal: Buy
Current Market Cap: HK$682.8B
For a thorough assessment of 0300 stock, go to TipRanks’ Stock Analysis page.