Midea stock fell 1.91 percent on September 30 as profit quality split

Published on 10/05/2026 at 11:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Midea stock traded at CNY 80.10 on Shenzhen on September 30, 2026, after a 1.91 percent decline. First-half revenue rose 3.46 percent, but non-GAAP profit fell 25.31 percent.

Midea, CNE100001QQ5, Illustration mit AI erstellt.

Midea Group stock (ISIN CNE100001QQ5) was last at CNY 80.10 on Shenzhen on September 30, 2026 at 3:04 p.m. CST, down 1.91 percent from CNY 81.66. The key company signal is mixed: first-half revenue and reported net profit increased, while non-GAAP profit declined sharply.

Revenue grew as profit measures split

According to Futunn on September 10, 2026, Midea reported first-half 2026 operating revenue of RMB 261.052 billion, up 3.46 percent year over year. Net profit attributable to shareholders reached RMB 26.446 billion, an increase of 1.66 percent.

The weaker figure sits below the headline profit result. Non-GAAP net profit attributable to shareholders was RMB 19.595 billion in the same period, down 25.31 percent, while second-quarter non-GAAP profit fell 36.0 percent to RMB 8.633 billion, according to Futunn.

Smart home remains the larger segment

Midea's smart home business generated RMB 174.341 billion in first-half revenue, up 4.3 percent, while commercial and industrial solutions contributed RMB 66.666 billion, up 3.3 percent. The segment split gives the growth story a second leg beyond household appliances, but the margin profile also matters.

First-half gross margin was 25.26 percent, down 0.36 percentage points year over year, and second-quarter gross margin was 24.94 percent, down 0.86 percentage points, according to Futunn on September 8, 2026. That contrast makes non-GAAP earnings and margin direction important checkpoints for the next report.

Analysts see CNY 101.52 target

Investing.com lists a Strong Buy consensus from 23 analysts, with an average 12-month target of CNY 101.52, a high target of CNY 117.80 and a low target of CNY 81.00. Against the CNY 80.10 price, the average target lies 26.74 percent above the stock.

The market capitalization was CNY 611.0 billion on September 30, 2026. The 52-week range was CNY 71.02 to CNY 89.50, placing the last price CNY 9.40 below the yearly high and CNY 9.08 above the yearly low.

Midea stock stays below its yearly high

Midea stock was last at CNY 80.10 on Shenzhen on September 30, 2026 at 3:04 p.m. CST, with 40,187,660 shares traded. The next earnings date is October 28, 2026, according to Investing.com.