Earnings Alerts

Midea Group Co Ltd A (000333) Earnings: 1H Net Income Surges 14% to 20.80 Billion Yuan, Beating Estimates

  • Net Income: 20.80 billion yuan, a 14% increase year-over-year (y/y), exceeding the estimate of 18.97 billion yuan.
  • Total Revenue: 217.27 billion yuan, up 10% y/y.
  • Manufacturing Gross Profit Margin: 28.8%.
  • HVAC Revenue: 101.46 billion yuan, a 10% rise y/y.
  • Consumer Appliances Revenue: 75.14 billion yuan, a 10% increase y/y.
  • Robotics & Automation Systems Revenue: 18.3 billion yuan, a 6% growth y/y.
  • EPS (Earnings Per Share): 3.01 yuan compared to 2.66 yuan y/y.
  • Analyst Recommendations: 38 buy recommendations, 0 hold, 0 sell.

Midea Group Co Ltd A on Smartkarma



Analysts on Smartkarma have been actively covering Midea Group Co Ltd A, providing insights into the company’s recent developments and potential market impact. Sumeet Singh‘s coverage in the ECM Weekly report highlighted key events such as IPOs and placements, indicating a positive sentiment towards Midea Group Co Ltd A‘s market activities.

Additionally, Brian Freitas discussed the implications of Midea Group’s H-share listing and the potential US$3bn issue size, emphasizing the importance of market conditions and investor appetite in determining the IPO size. Overall, analysts like Sumeet Singh and Brian Freitas have expressed a bullish outlook on Midea Group Co Ltd A, pointing towards growth opportunities and investment value in the company’s future endeavors.



A look at Midea Group Co Ltd A Smart Scores

FactorScoreMagnitude
Value3
Dividend5
Growth4
Resilience3
Momentum4
OVERALL SMART SCORE3.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Midea Group Co Ltd A shows a positive long-term outlook, with high scores in Dividend, Growth, Resilience, and Momentum. The company’s strong Dividend score indicates its ability to provide stable and consistent returns to investors. Additionally, the high Growth and Momentum scores suggest promising prospects for future expansion and stock performance. With a solid Resilience score, Midea Group is well-equipped to withstand potential market challenges, further enhancing its attractiveness as an investment opportunity.

Midea Group Co Ltd A, a global provider of household electrical appliances, compressors, and components, has diversified its offerings to include information technology services, corporate investments, software development, and property management. This broad range of products and services positions Midea Group as a versatile and robust player in the market, with the potential for sustained growth and profitability in the long term.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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