Midea Group Co Ltd (000333) - Net Assets

Latest as of September 2025: CN¥234.11 Billion CNY ≈ $34.26 Billion USD

Based on the latest financial reports, Midea Group Co Ltd (000333) has net assets worth CN¥234.11 Billion CNY (≈ $34.26 Billion USD) 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 ≈ $86.82 Billion USD) and total liabilities (CN¥359.21 Billion ≈ $52.56 Billion USD). 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. Check how resilient are Midea Group Co Ltd's assets to evaluate the company's liquid asset resilience ratio.

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. Also explore balance sheet size of Midea Group Co Ltd for the complete picture of this company's asset base.

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. For live valuation and market cap data, see 000333 market cap.

Year Net Assets Change
2024-12-31 CN¥227.67 Billion
≈ $33.31 Billion		 +30.62%
2023-12-31 CN¥174.30 Billion
≈ $25.51 Billion		 +14.73%
2022-12-31 CN¥151.92 Billion
≈ $22.23 Billion		 +12.68%
2021-12-31 CN¥134.83 Billion
≈ $19.73 Billion		 +8.52%
2020-12-31 CN¥124.24 Billion
≈ $18.18 Billion		 +15.57%
2019-12-31 CN¥107.50 Billion
≈ $15.73 Billion		 +16.27%
2018-12-31 CN¥92.45 Billion
≈ $13.53 Billion		 +11.49%
2017-12-31 CN¥82.93 Billion
≈ $12.13 Billion		 +20.22%
2016-12-31 CN¥68.98 Billion
≈ $10.09 Billion		 +23.10%
2015-12-31 CN¥56.03 Billion
≈ $8.20 Billion		 +22.52%
2014-12-31 CN¥45.73 Billion
≈ $6.69 Billion		 +17.02%
2013-12-31 CN¥39.08 Billion
≈ $5.72 Billion		 +17.84%
2012-12-31 CN¥33.17 Billion
≈ $4.85 Billion		 +10.02%
2011-12-31 CN¥30.15 Billion
≈ $4.41 Billion		 +33.69%
2010-12-31 CN¥22.55 Billion
≈ $3.30 Billion		 +35.99%
2009-12-31 CN¥16.58 Billion
≈ $2.43 Billion		 +48.71%
2008-12-31 CN¥11.15 Billion
≈ $1.63 Billion		 +30.11%
2007-12-31 CN¥8.57 Billion
≈ $1.25 Billion		 +46.22%
2006-12-31 CN¥5.86 Billion
≈ $857.59 Million		 +19.44%
2005-12-31 CN¥4.91 Billion
≈ $718.03 Million		 +21.63%
2004-12-31 CN¥4.03 Billion
≈ $590.33 Million		 +23.80%
2003-12-31 CN¥3.26 Billion
≈ $476.85 Million		 --

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
Boston Scientific Corp
NYSE:BSX
 $83.79 Billion
Marriott International Inc
NASDAQ:MAR
 $83.82 Billion
American Tower Corp
NYSE:AMT
 $85.02 Billion
FedEx Corporation
NYSE:FDX
 $85.27 Billion
Zurich Insurance Group AG
SW:ZURN
 $82.30 Billion
BYD Co Ltd Class A
SHE:002594
 $81.88 Billion
Vale S.A
MX:VALEN
 $81.84 Billion
AXA SA
F:AXAA
 $81.82 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: 2.66x
  • 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 499.09x to 2.66x 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¥81.10 x
2004-12-31 CN¥0.19 CN¥81.10 x
2005-12-31 CN¥0.25 CN¥81.10 x
2006-12-31 CN¥0.43 CN¥81.10 x
2007-12-31 CN¥0.88 CN¥81.10 x
2008-12-31 CN¥1.12 CN¥81.10 x
2009-12-31 CN¥1.68 CN¥81.10 x
2010-12-31 CN¥2.40 CN¥81.10 x
2011-12-31 CN¥2.71 CN¥81.10 x
2012-12-31 CN¥3.82 CN¥81.10 x
2013-12-31 CN¥7.12 CN¥81.10 x
2014-12-31 CN¥6.24 CN¥81.10 x
2015-12-31 CN¥7.71 CN¥81.10 x
2016-12-31 CN¥9.49 CN¥81.10 x
2017-12-31 CN¥11.22 CN¥81.10 x
2018-12-31 CN¥12.52 CN¥81.10 x
2019-12-31 CN¥15.01 CN¥81.10 x
2020-12-31 CN¥16.85 CN¥81.10 x
2021-12-31 CN¥18.08 CN¥81.10 x
2022-12-31 CN¥20.96 CN¥81.10 x
2023-12-31 CN¥23.78 CN¥81.10 x
2024-12-31 CN¥30.47 CN¥81.10 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: $7,467,021,097
  • Average return on equity (ROE) among peers: 10.67%

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 $82.47 Billion
Changhong Meiling Co Ltd (000521) $3.44 Billion 8.57% 1.62x $730.28 Million
Gree Electric Appliances Inc of Zhuhai (000651) $54.92 Billion 28.15% 2.32x $32.83 Billion
Hisense Kelon Electrical Holdings Co Ltd (000921) $1.16 Billion 19.56% 5.58x $3.25 Billion
Suncha Technology Co Ltd (001211) $387.30 Million 18.55% 0.96x $439.66 Million
Elec-Tech International Co Ltd (002005) $1.95 Billion -30.92% 1.09x $741.10 Million
Zhejiang Supor Co Ltd (002032) $214.02 Million 35.73% 1.69x $5.52 Billion
Vatti Corp Ltd (002035) $3.34 Billion 6.21% 0.96x $730.59 Million
CNlight Co Ltd (002076) $1.00 Billion 5.66% 0.43x $355.44 Million
Guangzhou Seagull Kitchen And Bath Products Co Ltd (002084) $789.47 Million 4.48% 1.12x $364.92 Million

About Midea Group Co Ltd

SHE:000333 China Furnishings, Fixtures & Appliances
Market Cap
$82.47 Billion
CN¥563.57 Billion CNY
Market Cap Rank
#308 Global
#16 in China
Share Price
CN¥81.10
Change (1 day)
-0.26%
52-Week Range
CN¥70.19 - CN¥82.23
All Time High
CN¥92.63
Categories
Companies in China Furnishings, Fixtures & Appliances
About

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