Midea stock gains 2.43 percent on October 8

Published on 10/08/2026 at 09:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Midea stock was last at HKD 92.65 on October 8, 2026, while Q2 revenue rose 4.49 percent to CNY 129.472 billion. Shareholders vote October 13.

Midea, CNE100006M58, Illustration mit AI erstellt.

Midea Group stock (ISIN CNE100006M58) was last at HKD 92.65 on the Hong Kong Stock Exchange on October 8, 2026, up 2.43 percent from HKD 90.45. The share price traded between HKD 90.15 and HKD 93.35 during the session, putting the stock 8.90 percent below its 52-week high of HKD 101.70.

Quarterly growth remains positive

Midea's Q2 2026 revenue reached CNY 129.472 billion, up 4.49 percent from the year-ago quarter, while net income rose 1.32 percent to CNY 13.771 billion, according to Futubull in its September 10, 2026 review. The figures show continued operating growth, but the earnings mix was less even.

For the first half of 2026, revenue totaled CNY 261.052 billion, an increase of 3.46 percent, and net profit attributable to shareholders reached CNY 26.446 billion, up 1.66 percent. Non-GAAP net profit fell 25.31 percent to CNY 19.595 billion because of exchange-rate-related and other non-recurring items, the same review reported.

Analysts see upside from HKD 92.65

Markets Insider reported on September 30, 2026, that Citi maintained a Buy rating on Midea's H shares with a HKD 121.80 price target. The published consensus was Strong Buy with an average target of HKD 119.53, which places the average target 29.0 percent above the HKD 92.65 trading price.

The main counter-factor is margin pressure. First-half gross margin was 25.26 percent, down 0.36 percentage points year over year, while Q2 gross margin declined 0.86 percentage points to 24.94 percent, according to Futubull.

Shareholder vote is set for October 13

Midea's first extraordinary general meeting of 2026 is scheduled for October 13, 2026, with votes on the cancellation of certain restricted shares and the interim profit distribution plan, according to Futubull. The resolutions address both share capital and shareholder returns, making the meeting the next dated corporate checkpoint for the Hong Kong-listed shares.

HKD 92.65 remains below the yearly high

Midea Group had a market capitalization of HKD 698.6 billion and trading volume of 8,469,191 shares as of October 8, 2026. Its HKD 77.65 to HKD 101.70 52-week range leaves the stock 19.3 percent above its yearly low and 8.90 percent below its yearly high.