Midea Group unlocks restricted shares as profit soars

Midea Group will unlock 2.28 million restricted shares for 87 employees on July 21, 2025, after meeting performance targets under its 2021 incentive plan.

The unlock was triggered after the company's 2024 net profit attributable to shareholders reached RMB 38.5 billion, exceeding the 2022-2023 average by 110%.

Senior executives Wang Jinliang, Li Guolin, and Zhao Wencai will each unlock 40,000, 40,000, and 32,000 shares respectively. The shares represent 0.03% of Midea's total share capital, with an adjusted repurchase price of RMB 29.25 per share.