Company profile

Future of Midea Group

#
Rank
340
| Quantumrun Global 1000

Midea Group is a Chinese electrical appliance producer that operates logistic centers and manufacturing plants globally. The company is headquartered in Beijiao, Shunde, Foshan, Guangdong.

Home Country:
Sector:
Industry:
Electronics, Electrical Equip.
Website:
Founded:
1968
Global employee count:
126418
Domestic employee count:
Number of domestic locations:

Financial Health

3y average revenue:
$140500000000 CNY
3y average expenses:
$24281106500 CNY
Funds in reserve:
$5187317000 CNY
Market country
Revenue from country
0.62

Asset Performance

  1. Product/Service/Dept. name
    Large home appliance
    Product/Service revenue
    87932142000
  2. Product/Service/Dept. name
    Air conditioners and components
    Product/Service revenue
    64491950000
  3. Product/Service/Dept. name
    Refrigerators and components
    Product/Service revenue
    11422676000

Innovation assets and Pipeline

Investment into R&D:
$5262600000 CNY
Total patents held:
1025
Number of patents field last year:
1326

All company data collected from its 2015 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the industrials sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, advances in nanotech and material sciences will result in a range of materials that are stronger, lighter, heat and impact resistant, shapeshifting, among other exotic properties. These new materials will enable significantly novel design and engineering possibilities that will impact the manufacture of a vast swath of current and future products.

*The shrinking cost and increasing functionality of advanced manufacturing robotics will lead to further automation of factory assembly lines, thereby improving manufacturing quality and costs.

*3D printing (additive manufacturing) will increasingly work in tandem with future automated manufacturing plants drive down the costs of production even further by the early 2030s.

*As augmented reality headsets become popularized by the late 2020s, consumers will begin replacing select types of physical goods with cheap-to-free digital goods, thereby reducing general consumption levels and revenue, per consumer.

*Among millennials and Gen Zs, the growing cultural trend towards less consumerism, towards investing money into experiences over physical goods, will also lead to a minor reduction in general consumption levels and revenue, per consumer. However, a growing global population and the increasingly wealthy African and Asian nations will make up for this revenue shortfall.

COMPANY’S FUTURE PROSPECTS

Company Headlines