Movement Alert｜MIDEA GROUP Pre-Market Rise 3.9%, Q3 Profit Growth and Ongoing Buybacks Support Sentiment

Market Focus10-30

On October 30, MIDEA GROUP recorded a Pre-Market Rise 3.9% at open, trading at HK$97.15, with turnover of HK$39.85 million.

The clearest catalyst in publicly available information was the company’s latest quarterly results alongside continued share repurchases aimed at reducing registered capital.

MIDEA GROUP reported first-nine-month revenue of about RMB369.1 billion and net profit attributable to shareholders of about RMB41.39 billion, up 9.27% from a year earlier. For the third quarter alone, attributable profit rose about 26% to RMB14.9 billion, while revenue slipped 4.1% to RMB107.32 billion, indicating stronger earnings despite top-line pressure.

The buyback program added support: the company repurchased 970,114 A-shares on October 29 for about RMB84.02 million at RMB85.94 to RMB86.99 per share. Earlier disclosure showed cumulative buybacks had already exceeded RMB11.2 billion by October 22, with repurchased shares intended for cancellation.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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