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Midea Group (000333) investor relations material
Midea Group Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q1 2026 reached ¥131.10 billion, up 2.55% year-over-year, with net profit attributable to shareholders at ¥12.67 billion, a 2.03% increase year-over-year.
Excluding non-recurring items, net profit declined 14.02% year-over-year, indicating lower core profitability.
Segment revenues: Building Technology ¥10.8 billion (+10.1%), Robotics & Automation ¥8.2 billion (+11.8%), Industrial Technology ¥6.8 billion (-11.7%).
Financial highlights
Operating cash flow was ¥14.53 billion, up 1.45% year-over-year.
Total assets at quarter-end were ¥613.88 billion, up 0.84% from year-end 2025.
Shareholders’ equity reached ¥232.31 billion, up 4.07% from year-end 2025.
Basic and diluted EPS were both ¥1.69, up from ¥1.64 and ¥1.63 respectively year-over-year.
Comprehensive income attributable to shareholders was ¥10.10 billion, down from ¥12.57 billion year-over-year.
Outlook and guidance
No explicit forward-looking guidance provided, but segment growth in Building Technology and Robotics & Automation suggests continued focus on these areas.
- Record revenue and profit growth driven by overseas and ToB expansion, with strong global positioning.000333
Q4 202530 Mar 2026 - Record revenue and profit growth, strong cash flow, and global expansion in 2024.000333
Q4 202413 Jan 2026 - H1 2025 revenue and profit surged on strong global sales, innovation, and strategic expansion.000333
Q2 202516 Dec 2025 - Q1 2025 revenue up 20.49%, net profit up 38.02%, led by new energy and tech growth.000333
Q1 202516 Dec 2025 - Q3 net profit surged 14.86% year-over-year, driven by strong smart home and new energy growth.000333
Q3 202412 Dec 2025 - Q3 revenue and net profit rose 10.06% and 8.95% year-over-year, with strong segment growth.000333
Q3 202529 Oct 2025 - H1 2024 revenue up 10.3% and net profit up 14.1%, led by overseas and tech-driven growth.000333
Q2 202413 Jun 2025
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