On June 24, Midea Group fell 3.06% in regular trading, trading at HK$79.1/share, with turnover of HK$173 million.

On the news front, JPMorgan reduced its holding in Midea Group H-shares from 13.10% to 12.25%, representing a notable institutional position cut. The disclosure was filed with the Hong Kong Stock Exchange, with the effective date of the stake change recorded as June 17. The reduction comes amid broader selling pressure on Midea Group, whose A-share price has already declined over 6% in the past week, reflecting concentrated short-term selling momentum across both listings.

Additionally, Midea Group recently disclosed its annual profit distribution plan, distributing 3.8 yuan per share in cash dividends with a record date of June 26. The company is also advancing the spin-off listing of its logistics subsidiary Ande Zhilian on the Hong Kong Stock Exchange main board, having submitted an updated IPO application in June.

Midea Group is a leading Chinese home appliance manufacturer with diversified operations spanning smart home, building technology, new energy and industrial technology, robotics and automation, healthcare, and smart logistics.

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