Midea Group Co., Ltd. MGCOF

MGCOF Company Overview

Midea Group Co., Ltd. is a Chinese multinational technology and manufacturing company focused primarily on home appliances, industrial technology, robotics and automation, and smart supply chain solutions. The company operates across the consumer electronics, HVAC, industrial automation, and logistics sectors, with products ranging from residential air conditioners and refrigerators to industrial robots and building technologies. Midea is listed on the Shenzhen Stock Exchange, while MGCLY represents its American depositary receipts traded over the counter in the United States. The company generates revenue primarily through appliance manufacturing, commercial HVAC systems, industrial components, robotics solutions, and smart home technologies.

Midea’s principal business lines include Smart Home Business Group, Industrial Technology Business Group, Building Technologies Division, and Robotics & Automation Division. Its brands include Midea, Comfee, Little Swan, COLMO, Toshiba Lifestyle, and KUKA. The company serves both mass-market consumers and commercial or industrial clients across residential appliances, manufacturing automation, and building infrastructure. Midea was founded in 1968 in Foshan, Guangdong Province, by He Xiangjian as a small workshop producing bottle lids before evolving into one of the world’s largest appliance manufacturers through domestic expansion, vertical integration, international acquisitions, and industrial automation investments.