Midea H1 2026 Revenue RMB260.04B, Net Profit RMB26.45B, Plans RMB5 Dividend per 10 Shares

Midea Group released its interim results for the 2026 fiscal year on August 28. The company reported total operating revenue of RMB261.05 billion, up 3.5% year on year, with operating revenue reaching RMB260.04 billion, an increase of 3.55%. Net profit attributable to shareholders of the listed company stood at RMB26.45 billion, up 1.66%, and basic earnings per share were RMB3.52. The company achieved growth in both revenue and net profit for six consecutive half-year periods. It proposed a cash dividend of RMB5 per 10 shares (including tax), totaling RMB3.7 billion. During the reporting period, the company's total share buybacks exceeded RMB6.9 billion, and cumulative buybacks reached more than RMB45 billion by the end of June, making it the A-share company with the highest cumulative repurchase amount in history.

In the first half of 2026, Midea's smart home business generated revenue of RMB174.3 billion, up 4.3% year on year. The robotics and automation segment posted revenue of RMB16.62 billion, an increase of 10.27%. Revenue from building technology and robotics and automation each grew by more than 10% year on year. Commercial and industrial solutions revenue reached RMB66.7 billion, up 3.3%, accounting for nearly 30% of group revenue. In 2025, Midea's full-year cash dividends totaled approximately RMB32.4 billion, and with share buybacks of about RMB11.6 billion, the total return to shareholders was approximately RMB44 billion. Since its listing in 2013, the company has distributed cumulative dividends exceeding RMB170 billion.

In terms of shareholder structure, China Life newly held 180 million shares in the first quarter of 2026. By the interim report, Ping An Insurance and Taiping Insurance had also newly entered the top ten shareholders. In the secondary market, Midea's A-share price once rose to RMB88.95 per share (adjusted) in 2026, setting a record high, while its H-share price reached HK$99.75 per share (adjusted), also a record high since its listing on the Hong Kong Stock Exchange.

Midea plans to invest more than RMB60 billion over the next three years in frontier research and technological innovation, focusing on areas such as AI and embodied intelligence. The company has built an in-house AI team of over 400 people. In the first half of 2026, it incubated more than 20,000 intelligent agents, achieving cumulative efficiency gains of over 9 million hours and cost reductions exceeding RMB450 million. In the AIDC sector, Midea Building Technologies won a bid in June for China Mobile's 2026-2028 low-pressure chiller centralized procurement project, securing 70% of the order. Midea has also signed a strategic cooperation agreement with Alibaba Group, focusing on breakthroughs in AIDC liquid cooling temperature control technology. Midea is building a liquid cooling intelligent manufacturing base in Shunde with a total investment of over RMB1 billion, scheduled to begin production in 2027.

In humanoid robotics, Midea's humanoid robot "Meilu U" has been working at a high-end washing machine park for over two months, completing more than 100,000 screw fastening tasks. The second-generation bipedal full-humanoid robot "Meila X2" has demonstrated capabilities in human-like walking, stair climbing, running, and dancing, with a success rate of over 95% in tasks such as folding towels, clearing dining tables, and tidying sofas. In July 2026, Welling Robot Components signed a cooperation intention agreement with the Shunde District government for a new manufacturing base project.