Midea Group released its unaudited first-quarter results for 2026.
• Operating revenue reached 131.10 billion yuan, a 2.55% year-on-year increase. • Net profit attributable to shareholders came in at 12.67 billion yuan, up 2.03%. • Excluding 1.71 billion yuan of non-recurring gains, core net profit fell 14.02% to 10.96 billion yuan. • Basic EPS rose to 1.69 yuan from 1.64 yuan; ROE remained flat at 5.56%.
Segment highlights • Building Technology revenue: 10.80 billion yuan, +10.1% YoY. • Robotics & Automation revenue: 8.20 billion yuan, +11.8% YoY. • Industrial Technology revenue: 6.80 billion yuan, –11.7% YoY.
Cash flow and balance sheet • Operating cash inflow increased 1.45% to 14.53 billion yuan. • Net investing cash flow turned positive at 5.13 billion yuan, mainly on higher proceeds from investment disposals. • Net financing cash outflow was 11.68 billion yuan after lower new borrowings. • Cash and cash equivalents at quarter-end stood at 76.25 billion yuan. • Total assets reached 613.88 billion yuan; equity attributable to shareholders rose 4.07% to 232.31 billion yuan, supported by retained earnings.
Expense and other line-item movements • Finance result swung to a 1.35 billion yuan expense from a 2.84 billion yuan income a year earlier, mainly on exchange-rate changes. • Government grants lifted other income 52.78% to 947.84 million yuan. • Fair-value gains on derivatives added 653.45 million yuan versus a loss in the prior-year period. • Employee benefit payables declined 41.36% following salary payments.
Shareholder structure At 31 March 2026 the company had 271,677 shareholders. Midea Holding Co., Ltd. remained the largest shareholder with a 28.53% stake, followed by Hong Kong Securities Clearing Company Limited at 12.80%.
The report was prepared under China Accounting Standards and is unaudited.
Comments