Midea Group Co Ltd Ordinary Shares - Class H

00300: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Midea Earnings: Robust Industrial Revenue Offsets Soft Home Appliance Sales; Shares Undervalued

Jeff Zhang

Oct 30, 2026

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.

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Midea Group Co Ltd Ordinary Shares - Class H

Midea Earnings: Robust Industrial Revenue Offsets Soft Home Appliance Sales; Shares Undervalued

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