GD Midea Holding Co., Ltd. (SZ:000527), the listed flagship part of China-based Midea Group, specializes in HVAC (Heating, Ventilation and Air-conditioning), compressors, refrigerators, washing machines and other appliances. In 2010, GD Midea Holding Co., Ltd. realized a sales revenue of RMB74.56 billion (equivalent to about US$11.3 billion), an increase of 58% over previous year. Net profit attributed to the Company’s shareholders is RMB3.13 billion in the same period, an increase of 69%.
Since its public listing in 1993, the company has maintained a record of uninterrupted profitable operation and dividends payments every year. Up to now, over 5.4 Billion RMB (843 Million USD) accumulated dividends have been paid to shareholders. The stock has long time been among the Shenzhen Stock Index.
In 2011, GD Midea Holding Co., Ltd. was ranked 25th by Forbes in its “Top 50 Asian Publicly Listed Companies.” That same year, the company was recognized with the “Best Major Shareholder Award of Listed Companies” during the 2011 China Listed Companies Summit.
Stock Listing: Shenzhen Stock Exchange
Stock Code: 000527
Year of Listing: 1993