Midea : China's Midea shares hit record high after firm raises stake in Germany's Kuka

Midea Group Co., Ltd. produces and sells household electrical appliances and climate control systems. Net sales break down by family of products and services as follows: - domestic appliances (41.6%): small household appliances (rice cookers, electric steam cookers, microwaves, ovens, hobs, bread makers, dishwashers, etc.), washing machines, refrigerators, etc.; - heating, ventilation and air conditioning systems (38.6%): portable air conditioners, dehumidifiers, window air conditioners, etc.; - robotic and automation systems (8%); - other (11.8%). China accounts for 59.7% of net sales.