Citigroup: Expect Midea Group (00300)'s annual sales to increase by about 10% year-on-year, and an increase in net profit margin can be achieved

The Zhitong Finance App learned that Citibank released a research report saying that based on the good growth performance of Midea Group (00300) in the first three quarters of 2025, it is expected that Midea's financial target for the full year of 2025 can be reached, that is, sales will increase by about 10% year on year, and the goal of increasing net profit margin year over year can be easily achieved. Meanwhile, Midea is still one of the bank's preferred stocks to buy in the Chinese consumer sector.

According to the report, Midea's management is still optimistic about the expansion of the building technology business. The main factors include the good demand prospects for commercial liquid chillers in data centers, and the continued increase in share of the Chinese market from foreign brands through improved products and self-developed core components. As a result, management maintained its guidance for the fourth quarter of 2025, that there will be no decline in quarterly sales and net profit.