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Midea Group Co Ltd
Revenue
Midea Group Co Ltd
Revenue Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
Company | Revenue | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
---|---|---|---|---|---|---|
Midea Group Co Ltd
SZSE:000333
|
Revenue
ÂĄ401.7B
|
CAGR 3-Years
7%
|
CAGR 5-Years
8%
|
CAGR 10-Years
11%
|
||
Haier Smart Home Co Ltd
SSE:600690
|
Revenue
ÂĄ265.7B
|
CAGR 3-Years
6%
|
CAGR 5-Years
6%
|
CAGR 10-Years
11%
|
||
Hisense Home Appliances Group Co Ltd
SZSE:000921
|
Revenue
ÂĄ91.3B
|
CAGR 3-Years
13%
|
CAGR 5-Years
22%
|
CAGR 10-Years
13%
|
||
Beijing Roborock Technology Co Ltd
SSE:688169
|
Revenue
ÂĄ8.7B
|
CAGR 3-Years
24%
|
CAGR 5-Years
23%
|
CAGR 10-Years
N/A
|
||
Zhejiang Supor Co Ltd
SZSE:002032
|
Revenue
ÂĄ22.4B
|
CAGR 3-Years
2%
|
CAGR 5-Years
3%
|
CAGR 10-Years
9%
|
||
Gree Electric Appliances Inc of Zhuhai
SZSE:000651
|
Revenue
ÂĄ196.6B
|
CAGR 3-Years
3%
|
CAGR 5-Years
-1%
|
CAGR 10-Years
4%
|
Midea Group Co Ltd
Glance View
In the bustling landscape of global appliance manufacturing, Midea Group Co., Ltd. has emerged as a formidable force, weaving innovation into the fabric of everyday living. Founded in 1968 in Guangdong, China, Midea’s transformation over the decades reflects a tale of strategic expansion and diversification. It began as a humble workshop producing bottle lids, but gradually, it burgeoned into a diversified giant with a presence in various sectors such as HVAC systems, home appliances, robotics, and industrial automation systems. Midea's primary revenue stream flows from its home appliance segment, where it dominates in the sale of air conditioners, refrigerators, washing machines, and kitchen appliances. The company deftly leverages its large-scale manufacturing capabilities, state-of-the-art R&D, and extensive distribution networks to deliver products that epitomize quality and innovation, catering to the needs of millions of households around the globe. Midea's business model, akin to a symphony, is composed of multiple harmonious elements, ensuring a constant flow of income. The company's forward-thinking approach to research and development has enabled its success, with substantial investments geared towards enhancing energy efficiency and smart home technologies. Collaborations and acquisitions, such as its notable purchase of the German robotics company KUKA, exemplify its commitment to venturing beyond traditional home appliances, embedding itself deeper into industrial automation. This acquisition marks a significant leap in its journey toward becoming a juggernaut of technological innovation. Midea’s strategic focus on both consumer-centric and industrial applications helps maintain a balanced portfolio that shields it from economic fluctuations in any single market segment. Such strategic maneuvering has established Midea as a stalwart in the appliance industry while setting the stage for its continual evolution in an ever-changing technological landscape.
See Also
What is Midea Group Co Ltd's Revenue?
Revenue
401.7B
CNY
Based on the financial report for Sep 30, 2024, Midea Group Co Ltd's Revenue amounts to 401.7B CNY.
What is Midea Group Co Ltd's Revenue growth rate?
Revenue CAGR 10Y
11%
Over the last year, the Revenue growth was 10%. The average annual Revenue growth rates for Midea Group Co Ltd have been 7% over the past three years , 8% over the past five years , and 11% over the past ten years .