Midea stock fell 1.91 percent as shareholder votes approach

Published on 10/07/2026 at 09:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Midea stock was last at CNY 80.10 on September 30, 2026, while first-half revenue rose 3.46 percent. Shareholders will vote on October 13, 2026.

Midea, CNE100006M58, Illustration mit AI erstellt.

Midea (ISIN CNE100006M58) was last at CNY 80.10 on the Shenzhen Stock Exchange on September 30, 2026, down 1.91 percent from the previous close of CNY 81.66. The next company checkpoint is an extraordinary general meeting on October 13, 2026, covering share cancellations and interim profit distribution.

Shareholders face two key votes

According to Moomoo on September 27, 2026, Midea will ask shareholders to approve the repurchase and cancellation of selected restricted shares from its 2022 and 2023 incentive plans. The same meeting will consider the 2026 interim profit distribution plan, linking capital structure decisions with shareholder returns.

The register for H shares will be closed from October 8 through October 13, 2026, with October 13 serving as the record date, according to Moomoo. For investors, the meeting matters because the proposed resolutions combine a payout decision with a reduction in restricted share capital.

Revenue grows but profit quality diverges

In the first half of 2026, Midea reported operating revenue of RMB 261.052 billion, up 3.46 percent year over year, while net profit attributable to shareholders reached RMB 26.446 billion, up 1.66 percent. The figures come from a review published by Futubull on September 10, 2026.

The weaker measure is adjusted performance: non-GAAP net profit fell 25.31 percent to RMB 19.595 billion in the same period. The contrast gives the interim distribution debate a second dimension, since headline earnings increased while exchange-rate-related and other non-recurring items weighed on adjusted profit.

Commercial technology remains a growth pocket

Midea's smart-home revenue increased 4.3 percent to RMB 174.341 billion in the first half of 2026, while commercial and industrial solutions generated RMB 66.666 billion, up 3.3 percent. Within that segment, building technologies grew 10.8 percent to RMB 21.625 billion and robotics and automation rose 10.3 percent to RMB 16.621 billion, according to Futubull.

The operating mix is therefore shifting gradually toward business-to-business activities, but the 25.31 percent decline in non-GAAP profit remains the sharper figure for assessing earnings quality. That divergence is more informative than revenue growth alone.

Midea stock stays below its yearly high

Midea stock was last at CNY 80.10 on September 30, 2026, with a same-session range of CNY 79.31 to CNY 81.80 and volume of 40,187,660 shares. Its 52-week range was CNY 71.02 to CNY 89.50, placing the last price CNY 9.40 below the high, while market capitalization stood at CNY 611.0 billion on that date.