Midea Group Co., Ltd.

XSEC:000333 Stock Report

Market Cap: CN¥561.1b

Midea Group Past Earnings Performance

Past criteria checks 5/6

Midea Group has been growing earnings at an average annual rate of 8.9%, while the Consumer Durables industry saw earnings growing at 8.1% annually. Revenues have been growing at an average rate of 8.2% per year. Midea Group's return on equity is 17.1%, and it has net margins of 9.4%.

Key information

8.9%

Earnings growth rate

8.8%

EPS growth rate

Consumer Durables Industry Growth8.1%
Revenue growth rate8.2%
Return on equity17.1%
Net Margin9.4%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Midea Group makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

XSEC:000333 Revenue, expenses and earnings (CNY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 24399,90237,63555,37315,971
30 Jun 24392,32436,19853,78815,635
31 Mar 24381,87734,61251,30514,896
31 Dec 23372,03833,65448,58214,583
30 Sep 23364,66232,73846,18513,716
30 Jun 23358,24631,74344,05513,364
31 Mar 23349,80030,35442,12212,974
31 Dec 22343,91829,49040,79912,619
30 Sep 22350,25929,50639,87112,166
30 Jun 22350,08629,48940,51612,565
31 Mar 22349,11129,20140,35212,422
31 Dec 21341,23428,49139,00012,015
30 Sep 21328,80328,59534,48112,168
30 Jun 21318,96428,19934,11411,023
31 Mar 21308,71228,81634,01810,561
31 Dec 20284,22227,15832,96710,119
30 Sep 20274,05924,87237,2249,360
30 Jun 20263,51422,84637,4989,514
31 Mar 20261,02422,85240,2319,510
31 Dec 19278,21724,17044,2139,638
30 Sep 19274,82723,62344,9029,022
30 Jun 19270,81222,45744,2239,013
31 Mar 19265,13421,08043,3408,644
31 Dec 18259,66520,20740,8478,377
30 Sep 18259,52120,18639,6858,009
30 Jun 18258,88619,40935,38911,169
31 Mar 18250,69418,18733,7209,209
31 Dec 17240,71217,28434,4317,270
30 Sep 17229,61516,87533,8915,611
30 Jun 17205,97415,99934,9210
31 Mar 17180,46415,13030,7990
31 Dec 16159,05214,68427,4400
30 Sep 16143,45614,50323,4240
30 Jun 16133,46413,87921,3300
31 Mar 16134,36413,27221,8650
31 Dec 15138,44712,70722,1960
30 Sep 15143,97012,56123,6810
30 Jun 15146,85812,21624,0290
31 Mar 15145,75511,30624,0700
31 Dec 14141,67810,50222,4320
30 Sep 14136,31410,25221,2170
30 Jun 14132,3679,28121,0140
31 Mar 14127,7606,83519,7660
31 Dec 13120,9755,31719,2010

Quality Earnings: 000333 has high quality earnings.

Growing Profit Margin: 000333's current net profit margins (9.4%) are higher than last year (9%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 000333's earnings have grown by 8.9% per year over the past 5 years.

Accelerating Growth: 000333's earnings growth over the past year (15%) exceeds its 5-year average (8.9% per year).

Earnings vs Industry: 000333 earnings growth over the past year (15%) exceeded the Consumer Durables industry -0.2%.

Return on Equity

High ROE: 000333's Return on Equity (17.1%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 00:22
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Midea Group Co., Ltd. is covered by 54 analysts. 26 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Chen LuoBofA Global Research
Hiu Ying ChuCCB International Securities Limited
Siti Bte SalikinCFRA Equity Research