Midea Group (00300) achieved total revenue of 261.05 billion yuan in the first half of the year, an increase of 3.5% over the previous year, and distributed 5 yuan per 10 shares

According to the Zhitong Finance App, Midea Group (00300) announced its 2026 interim results, with total operating revenue of 261.05 billion yuan, an increase of 3.5% over the previous year, achieving net profit to mother of 26.45 billion yuan, an increase of 1.7% over the previous year. The interim dividend is $5 for every 10 shares.

By business, the smart home business achieved revenue of 174.3 billion yuan, an increase of 4.3% over the previous year. In the first half of 2026, the company (1) firmly implemented the leading technology strategy, continued to increase investment in R&D, solidly promoted the implementation of the “three generations”, helped overseas OBM priority strategies and high-end product innovation, and comprehensively enhance global market competitiveness; (2) Facing the domestic market, firmly leading new growth through DTC transformation, focusing on retail capabilities, and promoting digital business model innovation. Channel transformation focused on comprehensive AI transformation. Achieve both operational efficiency and user experience upgrades; (3) Continuously promote localization around the OBM priority strategy, drive product innovation with in-depth market and user insights, empower local business expansion, and continuously improve overseas manufacturing, R&D, brand, channel and service system construction.

The building technology business achieved revenue of 21.6 billion yuan, an increase of 10.8% over the previous year. In the first half of 2026, the company (1) faced the domestic market. Building Technology has implemented a number of benchmark projects in medical public construction, data centers, new energy manufacturing, light textiles, biomedicine, and urban demonstration buildings to match the energy saving and carbon reduction needs of different industries with differentiated solutions; (2) Facing overseas markets, MBT Climate as a unified integrated operating platform for multiple brands, continues to release the collaborative value of mergers and acquisitions, consolidating the comprehensive competitive advantage of the European smart building market, for residential, commercial and Industrial buildings provide a full range of products and system solutions to closely match Europe's energy transformation and development needs; and (3) continue to promote product technology innovation and release a variety of new products and solutions, covering HVAC, digital intelligence elevators, etc., as well as a full-stack liquid cooling technology matrix for cooling sources, CDU, liquid cooling terminals, and digital operation and maintenance.

The robotics and automation business achieved revenue of 16.6 billion yuan, up 10.3% year on year. In the first half of 2026, KUKA China's revenue grew rapidly, accounting for more than 30% of KUKA Group's revenue contribution. According to MIR Rui industry statistics, KUKA's domestic market sales share of KUKA industrial robots reached 9.7%, rising to second place in the industry; (2), KUKA continued to iterate and innovate to achieve many results in core technology research and new product development, from heavy load to light load, from general scenarios to professional industry solutions. It has the ability to explore new energy tracks in depth.

According to the announcement, overall profits have remained steady, mainly due to the company continuing to deepen its efficiency-driven strategy and actively responding to the adverse effects of the external environment through digital transformation to improve operational efficiency and optimizing the product structure to increase added value, showing good operational resilience and profit stability.