Midea Group released its 2026 interim report on the evening of August 28. In the first half of the year, total operating revenue reached 261.05 billion yuan, up 3.5 percent year on year. Net profit attributable to shareholders of the listed company was 26.45 billion yuan, up 1.7 percent year on year. A research report from GF Securities shows that as of the end of June, Midea Group's cumulative share buybacks in history had exceeded 45 billion yuan, making it the company with the largest cumulative buyback amount in the history of China's A-share market. In addition, Midea Group has incubated more than 20,000 intelligent agents. In the first half of the year, it improved efficiency by more than 9 million hours in total and cut costs by more than 450 million yuan, as it continues its transformation into an AI plus industrial technology group.
Midea Group Co LtdHigher H1 revenue and profit, plus record cumulative buybacks exceeding 45 billion yuan.
