Midea’s profit attributable to shareholders jumps 25.93% in Q3 to 14.947 billion yuan
Key Facts
Midea Group’s net profit attributable to shareholders rose 25.93% year on year in the third quarter of 2026 to 14.947 billion yuan, according to figures reported by Sina Finance. The increase came alongside a 4.12% decline in operating revenue to 107.322 billion yuan for the July-to-September period. The figures present a mixed picture of quarterly performance: growth in reported net profit against a decline in revenue. Net profit excluding non-recurring items moved in the opposite direction, falling 15.7% to 9.193 billion yuan. The available news report did not include a comparison with analyst expectations.
The difference between the two profitability measures stands out in the quarterly results: net profit attributable to shareholders recorded an annual increase, while adjusted profit excluding non-recurring items declined. Basic earnings per share were 2.02 yuan in the third quarter, up 28.66% year on year, according to the same figures. In the first nine months, net profit attributable to shareholders rose 9.27% to 41.393 billion yuan. But adjusted profit for the January-to-September period fell 22.49% to 28.788 billion yuan. Thus, reported profit and adjusted profit moved in different directions in both the quarter and the year-to-date period.
Midea generated 367.365 billion yuan in revenue in the first nine months, up 1.19% from the same period in 2025, according to Sina Finance. This modest cumulative growth came alongside a 9.27% increase in net profit attributable to shareholders over the same period. In a longer-term context, Yicai said net profit attributable to shareholders rose in the first nine months for the fourteenth consecutive year since the company’s listing in 2013. It also reported that Midea’s home appliances are exported to more than 200 countries and regions. The company’s revenue from its own brands in overseas markets increased by more than 20% in the third quarter, it added.
In contrast, net cash flow from operating activities totaled 40.187 billion yuan in the first nine months of 2026, down 29.58% year on year, according to Sina Finance. The decline in cash flow came alongside the annual fall in adjusted profit for the period, while net profit attributable to shareholders remained above its level a year earlier. In its half-year report, the company attributed the decline in adjusted profit to foreign-exchange losses on monetary items denominated in foreign currencies. It said gains on derivative instruments used to manage foreign-exchange risk were recorded among non-recurring items. This disclosure provides context for the divergence between adjusted profit and reported net profit, without by itself identifying the impact of currencies on third-quarter results.
On shareholder returns, Yicai reported that the ongoing 11.8 billion yuan buyback plan was allocated entirely to share cancellation and capital reduction, with the aim of enhancing shareholder returns. Midea had repurchased 1.4263 million A-shares at a cost of 120 million yuan, according to a report published by EL7 on October 22. For cumulative indicators, basic earnings per share were 5.54 yuan in the first nine months, up 11.24% year on year, while return on equity was 18.06%, according to Yicai. The company’s stock, listed under the ticker 0300.HK, closed at 93.5 on October 29, according to EL7 data, which did not specify the currency. The available information did not give a specific later date for the release of results or a new disclosure.