Midea Group Co., Ltd. (HKEX: 00300) has released its interim results for the 2026 fiscal year, recording total operating revenue of RMB 261.05 billion, a year-on-year increase of 3.5%. Net profit attributable to shareholders reached RMB 26.45 billion, up 1.7% from the same period last year. The company has declared an interim dividend of RMB 5 per 10 shares.
Breaking down the business segments, the Smart Home division generated revenue of RMB 174.3 billion, reflecting a 4.3% growth. During the first half of 2026, the company has firmly advanced its technology-led strategy by intensifying R&D investment and diligently implementing the "three generations" framework. These efforts have bolstered the OBM-first strategy overseas and supported high-end product innovation, comprehensively strengthening its global market competitiveness. In the domestic market, the company has resolutely pursued a DTC transformation to drive new growth, focusing on retail capabilities. It has built differentiated competitiveness in offline channels around three core retail strengths, promoted innovation in digital business models, and embraced an AI-driven channel transformation, achieving dual upgrades in operational efficiency and user experience. Under the OBM-first strategy, the company continues to advance localization efforts, leveraging deep market and user insights to drive product innovation, empower local business expansion, and continuously improve its overseas manufacturing, R&D, branding, channel, and service infrastructure.
The Building Technology segment saw revenue reach RMB 21.6 billion, up 10.8% year-on-year. In the domestic market, the company has landed a series of benchmark projects in sectors such as healthcare public buildings, data centers, new energy manufacturing, light industry and textiles, biopharmaceuticals, and urban demonstration buildings, offering differentiated solutions tailored to the energy-saving and carbon-reduction needs of various industries. Internationally, the company operates MBT Climate as a unified multi-brand integration platform, continuously unlocking synergies from M&A integration, solidifying its comprehensive competitive advantages in the European smart building market. It provides full-spectrum product and system solutions for residential, commercial, and industrial buildings, aligning closely with Europe's energy transition demands. Furthermore, the company has persistently driven product technology innovation, launching multiple new products and solutions covering HVAC, digital elevators, and a full-stack liquid cooling technology matrix that includes cold sources, CDU, liquid cooling terminals, and digital operations and maintenance.
The Robotics and Automation business generated revenue of RMB 16.6 billion, representing a 10.3% increase year-on-year. In the first half of 2026, KUKA China achieved rapid revenue growth, contributing over 30% of the KUKA Group's total revenue. According to MIR Ruin Industry data, KUKA's domestic market share in industrial robot sales reached 9.7%, rising to second place in the industry. KUKA has continued to iterate and innovate, achieving multiple milestones in core technology R&D and new product development. From robot bodies to software ecosystems, from heavy-load to light-load models, and from general-purpose applications to specialized industry solutions, the company has established a full-category, full-scenario layout with deep capabilities to explore emerging energy sectors.
The company noted that overall profitability remained stable, primarily due to its sustained efficiency-driven strategy. By leveraging digital transformation to enhance operational efficiency and optimizing product structure to increase added value, the company has proactively countered adverse external conditions, demonstrating robust operational resilience and earnings stability.