Midea launched three ventures. Midea stock gains 2.33 percent

Published on 10/08/2026 at 11:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 4.49 percent to CNY 129.47 billion. Midea stock costs EUR 10.54 on October 8, 2026 versus EUR 10.30 in trading.

Midea, CNE100006M58, Illustration mit AI erstellt.

Midea (CNE100006M58) was trading at EUR 10.54 at Lang & Schwarz on October 8, 2026 at 11:04 a.m. CEST, plus 2.33 percent versus the prior close of EUR 10.30. On October 1, 2026, Midea Group and Electrolux Group launched all three North American joint ventures, according to Transylvania Times.

Three ventures broaden North America

The joint ventures combine Midea's appliance capabilities with Electrolux's local presence to develop products, improve operations and serve customers in North America. The companies said the ventures are now live, making the October 1 milestone an operating step rather than a future plan.

For Midea, the partnership adds a regional platform while the group continues to balance consumer appliances with industrial and commercial businesses. The market reaction is positive in the European session, but the separate event and price move do not establish a causal link.

Revenue growth meets a profit split

In the second quarter of 2026, total operating revenue rose 4.49 percent year over year to RMB 129.472 billion, while net profit attributable to shareholders increased 1.32 percent to RMB 13.771 billion, according to Futubull on September 10, 2026.

The adjusted picture was weaker. Non-GAAP net profit attributable to shareholders fell 36.00 percent year over year to approximately RMB 8.633 billion in the second quarter, with the review linking the divergence to foreign-exchange-related, non-recurring items. In the first half of 2026, revenue rose 3.46 percent to RMB 261.052 billion and net profit increased 1.66 percent to RMB 26.446 billion.

Shareholder vote sets next checkpoint

Midea's first extraordinary general meeting for 2026 is scheduled for October 13, 2026, when shareholders will vote on the cancellation of certain restricted shares and the interim profit distribution plan, according to Futubull on September 27, 2026. The notice also states that H-share transfer registration is suspended from October 8 through October 13, 2026.

Analyst expectations provide a separate valuation reference. MarketScreener lists a Jefferies target increase from CNY 100.00 to CNY 108.00 on August 31, 2026, with a Buy rating. That target sits alongside a consensus average of CNY 101.73 and a high target of CNY 117.80.

Midea stock gains 2.33 percent

At 11:04 a.m. CEST on October 8, 2026, Midea was trading at EUR 10.54 at Lang & Schwarz, plus 2.33 percent versus the Lang & Schwarz prior close of EUR 10.30. The Shenzhen Stock Exchange listing provides the company's primary-market reference, while the euro quote remains the reference price for investors in Germany.

The further course of trading is shown by the continuously updated real-time quote of Midea stock.