Midea stock gains on steady half year profit and modest revenue growth

Midea stock is trading slightly lower in Hong Kong on September 2, 2026, even as the Chinese appliance group reports higher first half revenue and a small rise in net profit, underlining the importance of margins and overseas growth for investors.

Midea Group stock (ISIN CNE100001QQ5) is quoted at 99.25 Hong Kong dollars on the Hong Kong exchange as of September 2, 2026, reflecting a decline of 1.15 Hong Kong dollars or 1.15% compared with the previous close according to market data compiled by GoAI.

Midea delivers higher revenue and profit in 2026 half year

According to a report on the companys 2026 half year results published on September 2, 2026, Midea Group generated operating revenue of 261.05 billion CNY in the first half of 2026, an increase of 3.5% compared with the same period a year earlier, while net profit attributable to shareholders reached 26.45 billion CNY, up 1.7% year on year, as summarized by technology and finance outlet Sina.

The same half year report shows that Mideas domestic revenue in China reached 146.915 billion CNY in the first half of 2026, up 2.07% compared with the prior year period, while overseas revenue amounted to 113.127 billion CNY, representing a 5.54% year on year increase, highlighting stronger growth outside China, based on the figures cited by an analytical article on Sina.

Segment mix and margins remain in focus

The analytical breakdown of the 2026 half year performance indicates that Mideas smart home business recorded revenue of 174.34 billion CNY in the first half of 2026, representing growth of 4.3% compared with the same period in the previous year, while the commercial and industrial solutions segment generated 66.67 billion CNY in revenue, up 3.3% year on year, according to the segment data presented in the Sina commentary.

Within the commercial and industrial solutions business, building technology revenue reached 21.63 billion CNY in the first half of 2026, up 10.8% compared with the prior year, and the robotics and automation segment achieved revenue of 16.62 billion CNY, reflecting a 10.3% increase year on year, while the industrial technology segment saw revenue decline by 12.7% to 13.14 billion CNY, underscoring uneven demand across the portfolio as described in the same Sina analysis.

Representative air conditioner product line

Midea is widely known among consumers for its residential air conditioner portfolio, including split and window units that contribute to the smart home segment revenue, which reached 174.34 billion CNY in the first half of 2026 per the interim results analysis on Sina.

Midea stock valuation snapshot

Based on the latest quote of 99.25 Hong Kong dollars as of September 2, 2026 reported by GoAI, and considering the positive but moderate growth in first half 2026 revenue of 3.5% and net profit growth of 1.7% compared with the prior year period, Midea stock reflects a company that is expanding its top line while managing profitability in a challenging home appliance market.

Midea stock at a glance

• Company: Midea Group Co., Ltd.
• ISIN: CNE100001QQ5
• Ticker: 0300
• Trading venue: HKEX
• Price (as of September 2, 2026, 11:59): 99.25 HKD
• Sector / Industry: Consumer Durables / Household Appliances
• Index membership: Hang Seng Index