Stock Information Midea Group (SZ:000333),specializes in HVAC (Heating, Ventilation and Air-conditioning), compressors, refrigerators, washing machines and other appliances. The company turned over US$18.7 billion in 2013, a 5.6% increase on the previous year. Net profit attributed to the Company’s shareholders was RMB3.13 billion in 2010, an increase of 69% on the previous year, a pattern that has continued. Midea Group debuted on the Shenzhen Stock Exchange (SZSE) on September 18th 2013, making it a fully public company.
Prior to this, Midea Group was privately held, structured to have its most significant companies directly underneath it: Midea Living Appliances, Midea Components, Midea Real Estate, and most notably, SZSE-listed GD Midea Holding Co. Ltd.
Since GD Midea ‘s public listing in 1993, the company has maintained a record of uninterrupted profitable operation and dividends payments every year. Up to now, over 5.4 Billion RMB (843 Million USD) accumulated dividends have been paid to shareholders. The stock has long been listed on the Shenzhen Stock Index. The company turned over US$18.7 billion in 2013.
In 2011, GD Midea Holding Co., Ltd. was ranked 25th by Forbes on its list “Top 50 Asian Publicly Listed Companies.” That same year, the company was recognized with the “Best Major Shareholder Award of Listed Companies” during the 2011 China Listed Companies Summit.
Stock Listing: Shenzhen Stock Exchange
Stock Code: 000333
Year of Listing: 2013