About Midea Group

Midea Group is a leading global player in consumer appliances, Heating, Ventilation and Air Conditioning (HVAC) systems, and robotics and industrial automation systems. Midea offers diversified products, comprising of consumer appliances (kitchen appliances, refrigerators, laundry appliances, and various small home appliances), HVAC (residential air-conditioning, commercial air-conditioning, heating & ventilation), and robotics and industrial automation (Kuka Group and Yaskawa joint venture). Midea is committed to improving lives by adhering to the principle of “Creating Value for Customers”. Midea focuses on continuous technological innovation to improve products and services, and to make life more comfortable and pleasant.

Founded in 1968 in Guangdong, China, Midea has now established a global platform of more than 200 subsidiaries, over 60 overseas branches and 10 strategic business units, as well as being the majority shareholder of Kuka (95% shareholding).

In 2015, Midea became the first Chinese home appliances manufacturer which was granted credit ratings by three international credit rating agencies, Standard & Poor, Fitch, and Moody, ranking the top among both global household appliances industry and domestic private enterprises. In 2016, Midea Group was listed in Fortune Global 500, ranking 481 in terms of revenue and 216 in terms of profits.

The sales revenue of Midea was projected to exceed RMB 150 billion in 2016. Midea has hundreds of millions consumers, major customers in different areas, strategic partners worldwide, and about 130,000 employees in total. Midea is listed on the Shenzhen Stock Exchange (000333) and has a diversified investor portfolio with approximately 20% of shares held by international institutional investors.