Midea Group Co., Ltd. (000333.SZ)

68.24 +0.34 (+0.50%) At close: 03:04PM CST

Midea Group Co., Ltd.

Midea Headquarters Building
No. 6 Midea Avenue Beijiao Town Shunde District
Foshan 528311
China

https://www.midea-group.com

Sector(s): Consumer Cyclical
Industry: Furnishings, Fixtures & Appliances
Full-time employees: 198,613

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Hongbo Fang	Chairman & CEO	N/A	N/A	1967
Ms. Zheng Zhong	VP, CFO & Director of Finance	N/A	N/A	1979
Mr. Chang Wei	Chief Technology Officer	N/A	N/A	1963
Mr. Xiaoyi Zhang	VP & Chief Information Officer	N/A	N/A	1973
Mr. Peng Jiang	Board Secretary & Investor Relations Director	N/A	N/A	1973
Ms. Wenxin Zhao	Chief People Officer & Director of Human Resources	N/A	N/A	1983
Dr. Yanmin Gu	President of the Robotics & Automation Division, VP and Non-Independent Director	N/A	N/A	1963
Mr. Jinliang Wang	Vice President	N/A	N/A	1967
Mr. Jianguo Wang	VP, Co-President of the Smart Home Business Group, President of International Business & Director	N/A	N/A	1977
Mr. Yongjun Fu	VP, President of the Industrial Technology Business Group & Director	N/A	N/A	1969

Amounts are as of , and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in CNY.

Description

Midea Group Co., Ltd., together with its subsidiaries, manufactures and sells home appliances, and robotic and automation systems in China and internationally. It operates through four segments: Heating & Ventilation, as well as Air-Conditioner; Consumer Appliances; Robotics and Automation system; and Others. The company offers household and commercial air conditioning appliances; refrigeration, laundry, and large cooking appliances; kitchen, water, vacuum, and small domestic appliances; and lighting products. It also provides core components, such as compressors, motors, chips, variable frequency drives, servo systems, and cooling modules under the GMCC, Welling, MR, TOSHIBA, HICONICS, SUNYE, SERVOTRONIX, DORNA, etc. for household appliances, automobile industrial control, and 3C industries. In addition, the company provides building solutions; industrial robotics, automatic logistics systems, and transmission systems for future factory-related fields, as well as solutions for health care, entertainment, new consumption, etc.; software services, unmanned retail solutions, and production services; and medical imaging devices and related services, as well as smart supply chain solutions. Further, it engages in sale, wholesale, and processing of raw materials of household electrical appliances; and the provision of financial services, such as customer deposit, interbank lending and borrowing, consumption credit, buyer's credit, petty loan, factoring, and finance leasing services. Additionally, the company provides Internet of Things solutions for intelligent appliances. Midea Group Co., Ltd. was founded in 1968 and is headquartered in Foshan, China.

Corporate governance

Midea Group Co., Ltd.’s ISS governance QualityScore as of 1 April 2024 is 1. The pillar scores are Audit: 10; Board: 5; Shareholder rights: 3; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.