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Midea Consumer Electric (Vietnam) Co., Ltd (Vietnam)

Main Activities: All Other General Purpose Machinery Manufacturing
Secondary Activities: All Other Fabricated Metal Product Manufacturing | Semiconductor and Other Electronic Component Manufacturing | Household Appliance Manufacturing
Full name: Midea Consumer Electric (Vietnam) Co., Ltd Profile Updated: February 21, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

The subject - Midea Consumer Electric (Vietnam) Co., Ltd engages in manufacturing household electrical appliances. It is a member of Midea Group, one of the largest corporations in the production and export of household electrical appliances in China with main products such as: air conditioners, refrigerators, microwave ovens, electric fans, electric rice cooker, electric stove, etc. In 2022, this group constantly promoted the flattening of channels, directly contacted more than 1,200 small business customers through streamlining channel hierarchy on a pilot basis in Vietnam. Currently, Midea has acquired the household electrical segment of Toshiba Corporation and a series of world-famous enterprises such as: Clivet brand air conditioners (Italy), robot brand Kuka (Germany) and vacuum cleaner brand Eureka (USA).Midea Group has about 1500,000 staff over 195 countries. It has 33 factories and 260 logistics centers all over the world. The group established VMD (VIETNAM) HVAC COMPANY LIMITED which promotes sales and after sales activities in Vietnam. The brand Midea is not highly appreciated in local, it is now facing with many challenges in claiming the position against the tough competition from other peers.

Headquarters
No. 40, Road No. 6, Vietnam - Singapore Industrial Park, An Phu Ward
Binh Duong; South Eastern Vietnam; Postal Code: 75000

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Website: http://www.midea.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Incorporation Date:
July 10, 2008
Key Executives
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General Director
Ownership Details
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100%
Subsidiaries
Vmd (Vietnam) Hvac Company Limited
Company Performance
Financial values in the chart are available after Midea Consumer Electric (Vietnam) Co., Ltd report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency VND. Absolute financial data is included in the purchased report.
Net sales revenue
6.9%
Total operating revenue
6.9%
Operating profit (EBIT)
13.62%
Net Profit (Loss) for the Period
55.69%
Total assets
-24.25%
Total equity
10.19%
Operating Profit Margin (ROS)
0.2%
Net Profit Margin
0.8%
Return on Equity (ROE)
2.7%
Quick Ratio
0.1%
Cash Ratio
0.02%

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