Midea Group Co Ltd Class A
000333: XSHE (CHN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| >gc | LOCK|>s$R | LOCK|dZWyw#TM |
Midea Earnings: Margin Expansion, Given Product Mix Upgrade and Cost Savings; Shares Attractive
Midea posted in-line results for 2024 as revenue and operating profit grew 10% and 12% year on year, respectively. The continued margin expansion was mostly due to faster sales growth in premium brands, supply chain integrations, and enhancement in operational efficiency.
