Midea stock: Q3 profit rises despite weaker revenue

Published on 11/02/2026 at 15:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Midea Group posted higher reported profit in the third quarter even as revenue declined year over year. Adjusted profit fell, sharpening the contrast for investors.

Quarterly results sharpen the picture

Reported third-quarter profit rose while revenue and adjusted profit declined year over year.
Revenue for the first nine months increased, but adjusted profit remained under pressure.
The November dividend timetable remains the next shareholder-focused event.

Midea, CNE100006M58, Illustration mit AI erstellt.

Midea Group reported a mixed third-quarter performance on October 29, with higher reported profit offset by weaker revenue and lower adjusted earnings. The figures, carried by Futunn, add an operating update to the company's current dividend timetable.

Reported profit masks weaker adjusted earnings

Operating revenue reached RMB 107.322 billion in the third quarter, down 4.12 percent from a year earlier. Net profit attributable to shareholders rose 25.93 percent to RMB 14.947 billion, while profit excluding non-recurring items fell 15.70 percent to RMB 9.193 billion.

The contrast matters for investors because the headline profit increase did not translate into stronger adjusted earnings. For the first nine months, revenue rose 1.19 percent to RMB 367.365 billion and reported profit increased 9.27 percent to RMB 41.393 billion. Adjusted profit declined 22.49 percent to RMB 28.788 billion.

Dividend dates remain in focus

Midea's interim distribution covers the six months ended June 30, 2026, and amounts to RMB 5 per 10 shares for A-share investors. The H-share timetable places the ex-dividend date on November 6, the record date on November 13 and the scheduled payment on November 27, according to the company's filing cited in the latest company coverage.

Midea stock traded at 11.19 euros on Lang & Schwarz at 15:40 CET on Monday, November 2, 2026. Investors can follow the real-time quote of Midea stock for the latest trading level.