news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

on september 17, midea group (000333.sz) was officially listed in hong kong, china, with the code "00300.hk" on the hong kong stock exchange. as of the close of the day, midea group's share price in hong kong was hk$59.1 per share, up 7.85% from the issue price.

some market opinions believe that midea group wants to start a new round of globalization by listing in hong kong.

although its overseas revenue accounted for 40.88% in the first half of this year, the position of midea group's own brands in mainstream sales channels in developed countries such as north america and europe still needs to be improved. during the ifa (berlin consumer electronics show) held this month, exhibitors noticed that the presence of midea brands in local electrical appliance retail channels in germany needs to be improved.

at the same time, midea group's new business in the tob field is still in the investment stage and needs to further improve product performance and expand international markets. in the first half of this year, its robot and automation business revenue was 13.9 billion yuan, a year-on-year decrease of 9%; the net profit of kelu electronics, one of its new energy business platforms, improved year-on-year, but still lost 39.67 million yuan.

its overseas home appliance market share is less than 5%.

executives of midea group said at the company's shareholders' meeting this year that the global home appliance market is worth nearly $400 billion, and midea's overseas share is less than 5%.

the prospectus shows that midea group's listing in hong kong this time will offer approximately 566 million shares, raising a net amount of hk$30.668 billion. 20% will be used for global research and development investment, 35% will be used for intelligent manufacturing system and supply chain management upgrades, 35% will be used to improve global distribution channels and sales networks and increase overseas sales of its own brands, and 10% will be used for operating capital and general corporate purposes.