On July 15, Midea Group (00300.HK) rose 3.07% in regular trading, trading at HK$92.1/share, with turnover of HK$587 million.

The rally was driven by surging European air conditioner demand amid persistent extreme heat waves across the continent. Over the past month, Midea Group secured nearly 200,000 units of new European market air conditioner orders, with its Wuhu factory fulfilling an urgent 30,000-unit portable AC order from a French client in just seven days from order confirmation to first shipment. The companys PortaSplit portable split air conditioner, a trending product, has received over 160,000 units in new orders since June, with batch deliveries handled through the Guangzhou Nansha factory.

Notably, the French shipment marked Mideas first use of cross-border trucking for European exports, cutting delivery time by half compared to ocean freight. The Wuhu factory doubled daily capacity from 3,000 to 6,000 units by converting a flexible production line, while Nansha factory activated dedicated production lines running at full capacity to meet the order surge.

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