Midea Group Co Ltd Class A
000333: XSHE (CHN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| Nz | LOCK|>VsPl | LOCK|p$BppcR |
Midea Earnings: Robust Industrial Revenue Offsets Soft Home Appliance Sales; Shares Undervalued
Midea's revenue dropped 4% year on year in third-quarter 2026, with tepid domestic home appliance sales partly offset by growth in building technology and robotic revenue. Operating margin improved to 12.7% from 12.4% a year ago, supported by marketing and research cost optimization.
