On September 21, MIDEA GROUP fell 3.07% in regular trading to HK$96.25, with turnover of HK$279 million.

The decline was driven by multiple headwinds. The company's recently released interim results showed revenue of RMB 261.05 billion, up only 3.5% year-over-year, while adjusted net profit rose a modest 1.7% to RMB 26.45 billion. Notably, the industrial technology segment posted a 12.72% revenue decline, dragging on overall performance. Gross margin contracted 0.5 percentage points to 25.0%, reflecting cost pressures from elevated copper prices and RMB appreciation. Additionally, on September 18, block trades showed institutional net selling of approximately RMB 37.78 million, adding short-term capital flow pressure.

The broader Household Appliances sector saw widespread weakness. HAIER SMARTHOME fell 4.08%, HISENSE HA dropped 2.54%, AUX ELECTRIC declined 1.13%, ONEROBOTICS lost 0.96%, and CHERVON slipped 0.56%, indicating broad-based sector selling pressure rather than company-specific concerns alone.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)