Midea Group Co Ltd
Midea Group Co., Ltd., together with its subsidiaries, manufactures and sells home appliances, and robotic and automation systems in China and internationally. The company operates through four segments: Smart Home Business, Smart Building Technology, New Energy and Industrial Technology, and Others. It offers household air-conditioner, central air-conditioner, heating and ventilation systems, ki… Read more
Midea Group Co Ltd (000333) - Net Assets
Latest net assets as of September 2025: CN¥234.11 Billion CNY
Based on the latest financial reports, Midea Group Co Ltd (000333) has net assets worth CN¥234.11 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥593.31 Billion) and total liabilities (CN¥359.21 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥234.11 Billion |
| % of Total Assets | 39.46% |
| Annual Growth Rate | 22.41% |
| 5-Year Change | 83.25% |
| 10-Year Change | 306.32% |
| Growth Volatility | 10.83 |
Midea Group Co Ltd - Net Assets Trend (2003–2024)
This chart illustrates how Midea Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Midea Group Co Ltd (2003–2024)
The table below shows the annual net assets of Midea Group Co Ltd from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥227.67 Billion | +30.62% |
| 2023-12-31 | CN¥174.30 Billion | +14.73% |
| 2022-12-31 | CN¥151.92 Billion | +12.68% |
| 2021-12-31 | CN¥134.83 Billion | +8.52% |
| 2020-12-31 | CN¥124.24 Billion | +15.57% |
| 2019-12-31 | CN¥107.50 Billion | +16.27% |
| 2018-12-31 | CN¥92.45 Billion | +11.49% |
| 2017-12-31 | CN¥82.93 Billion | +20.22% |
| 2016-12-31 | CN¥68.98 Billion | +23.10% |
| 2015-12-31 | CN¥56.03 Billion | +22.52% |
| 2014-12-31 | CN¥45.73 Billion | +17.02% |
| 2013-12-31 | CN¥39.08 Billion | +17.84% |
| 2012-12-31 | CN¥33.17 Billion | +10.02% |
| 2011-12-31 | CN¥30.15 Billion | +33.69% |
| 2010-12-31 | CN¥22.55 Billion | +35.99% |
| 2009-12-31 | CN¥16.58 Billion | +48.71% |
| 2008-12-31 | CN¥11.15 Billion | +30.11% |
| 2007-12-31 | CN¥8.57 Billion | +46.22% |
| 2006-12-31 | CN¥5.86 Billion | +19.44% |
| 2005-12-31 | CN¥4.91 Billion | +21.63% |
| 2004-12-31 | CN¥4.03 Billion | +23.80% |
| 2003-12-31 | CN¥3.26 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Midea Group Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 118235.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥153.59 Billion | 70.86% |
| Common Stock | CN¥7.66 Billion | 3.53% |
| Other Comprehensive Income | CN¥-499.66 Million | -0.23% |
| Other Components | CN¥56.00 Billion | 25.84% |
| Total Equity | CN¥216.75 Billion | 100.00% |
Midea Group Co Ltd Competitors by Market Cap
The table below lists competitors of Midea Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
VINCI SA
PINK:VCISF
|
$52.29 Billion |
|
Fastenal Company
NASDAQ:FAST
|
$52.30 Billion |
|
Airbnb Inc
NASDAQ:ABNB
|
$52.33 Billion |
|
Nu Holdings Ltd
NYSE:NU
|
$52.38 Billion |
|
NEMCL
PINK:NEMCL
|
$52.26 Billion |
|
Tokyo Electron Ltd.
PINK:TOELF
|
$52.22 Billion |
|
Zoetis Inc
NYSE:ZTS
|
$51.97 Billion |
|
Vale S.A
MX:VALEN
|
$51.70 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Midea Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 162,878,825,000 to 216,750,057,000, a change of 53,871,232,000 (33.1%).
- Net income of 38,537,237,000 contributed positively to equity growth.
- Dividend payments of 22,412,079,000 reduced retained earnings.
- Other comprehensive income decreased equity by 15,557,888,000.
- Other factors increased equity by 53,303,962,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥38.54 Billion | +17.78% |
| Dividends Paid | CN¥22.41 Billion | -10.34% |
| Other Comprehensive Income | CN¥-15.56 Billion | -7.18% |
| Other Changes | CN¥53.30 Billion | +24.59% |
| Total Change | CN¥- | 33.07% |
Book Value vs Market Value Analysis
This analysis compares Midea Group Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.52x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 471.65x to 2.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | CN¥0.16 | CN¥76.64 | x |
| 2004-12-31 | CN¥0.19 | CN¥76.64 | x |
| 2005-12-31 | CN¥0.25 | CN¥76.64 | x |
| 2006-12-31 | CN¥0.43 | CN¥76.64 | x |
| 2007-12-31 | CN¥0.88 | CN¥76.64 | x |
| 2008-12-31 | CN¥1.12 | CN¥76.64 | x |
| 2009-12-31 | CN¥1.68 | CN¥76.64 | x |
| 2010-12-31 | CN¥2.40 | CN¥76.64 | x |
| 2011-12-31 | CN¥2.71 | CN¥76.64 | x |
| 2012-12-31 | CN¥3.82 | CN¥76.64 | x |
| 2013-12-31 | CN¥7.12 | CN¥76.64 | x |
| 2014-12-31 | CN¥6.24 | CN¥76.64 | x |
| 2015-12-31 | CN¥7.71 | CN¥76.64 | x |
| 2016-12-31 | CN¥9.49 | CN¥76.64 | x |
| 2017-12-31 | CN¥11.22 | CN¥76.64 | x |
| 2018-12-31 | CN¥12.52 | CN¥76.64 | x |
| 2019-12-31 | CN¥15.01 | CN¥76.64 | x |
| 2020-12-31 | CN¥16.85 | CN¥76.64 | x |
| 2021-12-31 | CN¥18.08 | CN¥76.64 | x |
| 2022-12-31 | CN¥20.96 | CN¥76.64 | x |
| 2023-12-31 | CN¥23.78 | CN¥76.64 | x |
| 2024-12-31 | CN¥30.47 | CN¥76.64 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Midea Group Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.78%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.47%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 2.79x
- Recent ROE (17.78%) is below the historical average (22.75%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 3.43% | 0.18% | 1.50x | 12.49x | CN¥-49.19 Million |
| 2004 | 9.62% | 0.44% | 1.52x | 14.25x | CN¥-3.38 Million |
| 2005 | 15.99% | 0.86% | 1.32x | 14.13x | CN¥68.36 Million |
| 2006 | 32.79% | 3.03% | 1.09x | 9.91x | CN¥446.05 Million |
| 2007 | 35.55% | 4.32% | 1.21x | 6.78x | CN¥1.03 Billion |
| 2008 | 28.92% | 3.30% | 1.26x | 6.93x | CN¥979.27 Million |
| 2009 | 20.79% | 3.41% | 0.91x | 6.72x | CN¥836.50 Million |
| 2010 | 33.59% | 4.97% | 1.05x | 6.43x | CN¥2.60 Billion |
| 2011 | 27.61% | 3.72% | 1.03x | 7.23x | CN¥2.20 Billion |
| 2012 | 22.77% | 4.81% | 0.77x | 6.13x | CN¥1.83 Billion |
| 2013 | 16.19% | 4.41% | 1.24x | 2.95x | CN¥2.03 Billion |
| 2014 | 26.61% | 7.42% | 1.18x | 3.05x | CN¥6.56 Billion |
| 2015 | 25.83% | 9.18% | 1.07x | 2.62x | CN¥7.79 Billion |
| 2016 | 24.02% | 9.25% | 0.93x | 2.79x | CN¥8.57 Billion |
| 2017 | 23.44% | 7.19% | 0.97x | 3.36x | CN¥9.91 Billion |
| 2018 | 24.35% | 7.78% | 0.99x | 3.17x | CN¥11.92 Billion |
| 2019 | 23.81% | 8.72% | 0.92x | 2.97x | CN¥14.04 Billion |
| 2020 | 23.17% | 9.58% | 0.79x | 3.07x | CN¥15.47 Billion |
| 2021 | 22.88% | 8.36% | 0.88x | 3.11x | CN¥16.09 Billion |
| 2022 | 20.68% | 8.59% | 0.81x | 2.96x | CN¥15.26 Billion |
| 2023 | 20.70% | 9.07% | 0.77x | 2.98x | CN¥17.43 Billion |
| 2024 | 17.78% | 9.47% | 0.67x | 2.79x | CN¥16.86 Billion |
Industry Comparison
This section compares Midea Group Co Ltd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $9,329,539,487
- Average return on equity (ROE) among peers: 12.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Midea Group Co Ltd (000333) | CN¥234.11 Billion | 3.43% | 1.53x | $52.29 Billion |
| Changhong Meiling Co Ltd (000521) | $5.11 Billion | 0.85% | 1.78x | $622.85 Million |
| Gree Electric Appliances Inc of Zhuhai (000651) | $66.83 Billion | 33.52% | 2.22x | $20.24 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $4.47 Billion | 12.97% | 2.19x | $1.73 Billion |
| Suncha Technology Co Ltd (001211) | $874.84 Million | -1.36% | 0.86x | $144.07 Million |
| Beijing Liven Technology Co. Ltd. (001259) | $113.33 Million | 5.45% | 1.68x | $105.98 Million |
| De Rucci Healthy Sleep Co. Ltd. (001323) | $4.64 Billion | 17.29% | 0.54x | $247.78 Million |
| Tongda Smart Tech (Xiamen) Co. Ltd. A (001368) | $573.09 Million | 22.92% | 0.44x | $110.80 Million |
| Hefei Snowky Elec Co Ltd (001387) | $603.81 Million | 16.63% | 1.58x | $140.72 Million |
| Elec-Tech International Co Ltd (002005) | $740.90 Million | 6.21% | 1.06x | $409.52 Million |