Midea Group (000333) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 reached ¥111.93 billion, up 10.06% year-over-year; year-to-date revenue was ¥363.06 billion, up 13.82% year-over-year.

• Net profit attributable to shareholders for Q3 was ¥11.87 billion, up 8.95% year-over-year; year-to-date net profit was ¥37.88 billion, up 19.51% year-over-year.

• Adjusted net profit (excluding non-recurring items) for Q3 was ¥10.90 billion, up 6.95% year-over-year; year-to-date adjusted net profit was ¥37.14 billion, up 22.26% year-over-year.

Financial highlights

• Basic EPS for Q3 was ¥1.57, up 0.64% year-over-year; year-to-date basic EPS was ¥4.98, up 8.73%.

• Diluted EPS for Q3 was ¥1.56, flat year-over-year; year-to-date diluted EPS was ¥4.97, up 8.75%.

• Operating cash flow for Q3 was ¥57.07 billion, down 5.31% year-over-year.

• Total assets at quarter-end were ¥593.31 billion, down 1.83% from the previous year-end.

• Shareholders’ equity at quarter-end was ¥220.56 billion, up 1.76% from the previous year-end.

Outlook and guidance

• New energy and industrial technology, smart building technology, and robotics & automation segments reported year-to-date revenues of ¥30.6 billion (up 21%), ¥28.1 billion (up 25%), and ¥22.6 billion (up 9%), respectively.