Midea Group Co. Ltd. Class H (HK:0300)
:0300
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Midea Group Co. Ltd. Class H
(0300)
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Rating:81Outperform
Price Target:
HK$104.00
▲(17.78% Upside)
Action:UpgradedDate:05/02/26
The score is driven primarily by strong financial performance (rapid TTM revenue growth, solid margins, and high ROE) and an attractive valuation (low P/E with a high dividend yield). Technicals add support with price above key moving averages and positive MACD, though higher leverage versus prior years and volatile free cash flow growth temper the overall rating.
Positive Factors
Strong revenue growth
Sustained TTM revenue growth of 42.8% indicates durable demand expansion and likely market-share gains across consumer appliances, HVAC and B2B segments. A broader revenue base supports scale benefits, higher absolute profit dollars and long-term reinvestment capacity.
Negative Factors
Rising leverage
Debt-to-equity jumping to ~0.40 from prior ~0.21–0.28 raises structural financial risk. Higher leverage increases fixed interest obligations, limits flexibility for opportunistic investments and could amplify downside if appliance demand or margins weaken, pressuring credit metrics.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Sustained TTM revenue growth of 42.8% indicates durable demand expansion and likely market-share gains across consumer appliances, HVAC and B2B segments. A broader revenue base supports scale benefits, higher absolute profit dollars and long-term reinvestment capacity.
Read all positive factors
Midea Group Co. Ltd. Class H (0300) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$694.14B
Dividend Yield5%
Average Volume (3M)3.57M
Price to Earnings (P/E)11.1
Beta (1Y)0.84
Revenue Growth9.21%
EPS Growth4.23%
CountryHK
Employees198,432
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)5.81
Shares Outstanding650,848,500
10 Day Avg. Volume3,227,780
30 Day Avg. Volume3,567,781
Financial Highlights & Ratios
PEG Ratio1.99
Price to Book (P/B)2.59
Price to Sales (P/S)1.26
P/FCF Ratio13.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$101.20Price Target Upside14.61% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)7.02
Revenue Forecast (FY)HK$556.19B
Midea Group Co. Ltd. Class H Business Overview & Revenue Model
Company Description
Midea Group Co., Ltd., together with its subsidiaries, manufactures and sells home appliances, and robotic and automation systems in China and internationally. It operates through four segments: Heating & Ventilation, as well as Air-Conditioner; C...
How the Company Makes Money
Midea makes money primarily by selling manufactured products through multiple go-to-market channels. (1) Consumer appliances revenue: The largest source of revenue is the sale of home appliances and small domestic appliances to consumers and distr...
Midea Group Co. Ltd. Class H Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
78
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 461.62B | 458.50B | 409.08B | 373.71B | 345.71B | 343.36B |
| Gross Profit | 123.39B | 122.51B | 109.50B | 97.30B | 85.17B | 78.83B |
| EBITDA | 55.07B | 64.64B | 56.97B | 50.43B | 43.29B | 41.26B |
| Net Income | 44.19B | 43.95B | 38.54B | 33.72B | 29.55B | 28.57B |
Balance Sheet | ||||||
| Total Assets | 611.83B | 608.79B | 604.35B | 486.04B | 422.56B | 387.95B |
| Cash, Cash Equivalents and Short-Term Investments | 96.10B | 85.96B | 147.35B | 83.46B | 58.55B | 77.75B |
| Total Debt | 92.61B | 61.66B | 46.59B | 60.22B | 60.53B | 26.83B |
| Total Liabilities | 367.21B | 372.37B | 376.68B | 311.74B | 270.63B | 253.12B |
| Stockholders Equity | 231.53B | 223.22B | 216.75B | 162.88B | 142.94B | 124.87B |
Cash Flow | ||||||
| Free Cash Flow | 45.84B | 42.20B | 52.67B | 51.59B | 27.31B | 28.27B |
| Operating Cash Flow | 57.30B | 53.35B | 60.51B | 57.90B | 34.66B | 35.09B |
| Investing Cash Flow | 50.57B | 25.34B | -87.90B | -31.22B | -13.51B | 13.60B |
| Financing Cash Flow | -84.27B | -64.96B | 22.70B | -17.91B | -10.85B | -31.20B |
Midea Group Co. Ltd. Class H Technical Analysis
Positive
88.30
Price Trends
86.65
Positive
87.03
Positive
84.10
Positive
Market Momentum
0.43
Negative
62.57
Neutral
96.77
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0300, the sentiment is Positive. The current price of 88.3 is above the 20-day moving average (MA) of 84.21, above the 50-day MA of 86.65, and above the 200-day MA of 84.10, indicating a bullish trend. The MACD of 0.43 indicates Negative momentum. The RSI at 62.57 is Neutral, neither overbought nor oversold. The STOCH value of 96.77 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0300.
Midea Group Co. Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | HK$694.14B | 11.05 | 19.76% | 5.00% | 9.21% | 4.23% | |
71 Outperform | HK$36.33B | 5.77 | 17.96% | 5.70% | -6.76% | -10.28% | |
68 Neutral | HK$221.49B | 9.19 | 15.65% | 5.20% | 2.10% | -0.45% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
48 Neutral | HK$5.92B | 6.06 | -4.81% | ― | 4.06% | -469.59% |
* Consumer Cyclical Sector Average
HK:0300
Midea Group Co. Ltd. Class H
87.70
17.72
25.32%
HK:0921
Hisense Home Appliances Group Co
23.54
1.00
4.44%
HK:1691
JS Global Lifestyle Company Limited
1.70
-0.07
-3.95%
HK:6690
Haier Smart Home Co., Ltd. Class H
21.66
0.21
0.98%
Midea Group Co. Ltd. Class H Corporate Events
Midea Group Moves to Update Articles After Capital Structure Change
Apr 29, 2026
Midea Group Co., Ltd. has proposed amendments to its articles of association to reflect a change in its registered capital and total issued share capital, adjusting the figures for both A ordinary shares and overall share count while keeping the H...
Midea Group Refreshes Board With AI Expert as Independent Director
Apr 29, 2026
Midea Group has announced the planned resignation of independent non-executive director Dr. Qiu Lili, who will step down from the board and its audit, remuneration, nomination and strategy committees for career-planning reasons once a successor is...
Midea Group Posts Modest Q1 2026 Growth Amid Core Profit Pressure
Apr 29, 2026
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-rec...
Midea Group Sets Board Meeting to Approve First-Quarter 2026 Results
Apr 15, 2026
Midea Group Co., Ltd. has scheduled a board meeting for 29 April 2026 to review and approve the first-quarter results for the three months ended 31 March 2026, along with their planned publication. The timing signals the company’s upcoming e...
Midea Group Delivers Double-Digit Revenue and Profit Growth in 2025
Mar 30, 2026
Midea Group reported solid top- and bottom-line growth for the year ended 31 December 2025, with revenue rising 12.1% year-on-year to RMB 458.5 billion and gross profit increasing at the same pace to RMB 120.0 billion. The company’s operatin...
Midea Group Proposes 2025 Final Cash Dividend, Details to Follow
Mar 30, 2026
Midea Group Co., Ltd. has proposed a final ordinary cash dividend of RMB 38 per 10 shares for the financial year ended 31 December 2025, subject to shareholder approval. Key timetable details, including the ex-dividend date, record date, payment d...
Midea Group Sets March 2026 Board Meeting to Approve 2025 Results and Consider Dividend
Mar 11, 2026
Midea Group Co., Ltd. has scheduled a board meeting for 30 March 2026 to review and approve the annual results for the year ended 31 December 2025 and to consider the publication of those results. The board will also deliberate on the potential pa...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.