The household-appliance and industrial‐solutions conglomerate Midea Group reported first-half 2026 revenue of RMB261.05 billion, a 3.50 % year-on-year increase. Net profit attributable to shareholders edged up 1.70 % to RMB26.45 billion, keeping profit margin at 10.20 %. Gross profit reached RMB65.29 billion, with margin easing 0.5 percentage points to 25.0 % amid higher raw-material costs and currency pressures.

Smart Home Solutions remained the primary growth engine, contributing RMB174.34 billion (+4.27 %) or 66.8 % of group turnover. Within Commercial & Industrial Solutions, revenue rose 3.30 % to RMB66.67 billion: Building Technology climbed 10.84 % to RMB21.63 billion, Robotics & Automation advanced 10.27 % to RMB16.62 billion, while Industrial Technology declined 12.72 % to RMB13.14 billion.

Domestic sales contributed RMB147.93 billion (+1.90 %), while overseas markets generated RMB113.13 billion (+5.50 %), keeping overseas share above 40 % of the top line.

Operating cash flow remained solid at RMB37.55 billion. Cash and cash equivalents increased to RMB74.61 billion, offsetting a rise in total borrowings to RMB80.33 billion after the HK$17.17 billion zero-coupon convertible bond issue in May. The asset-liability ratio rose to 64.89 % from 61.17 % at year-end 2025.

Capital returns remained active: Midea repurchased 88.51 million A shares during the half, deploying RMB6.97 billion, and paid a RMB25.92 billion final dividend for FY 2025. The Board proposes an interim cash dividend of RMB5 per 10 shares (RMB0.50 per share) for H1 2026, pending shareholder approval.

Management reaffirmed its focus on “Technology Leadership, Direct-to-User Engagement, Digital & Intelligent Operations, and Global Expansion,” targeting balanced growth across consumer and industrial segments while preserving robust liquidity and shareholder returns.