Midea Group Co Ltd Class A

000333: XSHE (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	¥28.00	Kgbgcvj	Qkxxwwqlq

Operating Efficiency and Leadership Position Continues To Drive Midea’s Earnings Growth

Chokwai Lee

Aug 31, 2023

Business Strategy and Outlook

Midea is one of the largest household appliance manufacturers in China, with key products being air conditioners, refrigerators, washing machines and small household appliances. It is consistently ranked as one of the top three players in China by retail sales in most of the home appliance products. We think the firm’s leadership position is underpinned by its reputable brand, extensive distribution network and strong focus in research and development.

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