Accessible version Midea Group (H/A) Chongqing trip: strong 2B, data center outlook & trade-in subsidies PO: 92.10 HKD | Price: 87.20 HKD Field trip in Chongqing reaffirmed solid 2B outlook We visited Midea's commercial AC factory and met local management on 19 Dec. The field trip reaffirmed its strength and ample growth opportunities in 2B, and share gains in 2C. Despite likely softness in 1Q26 on tough comps, we reiterate our view that Midea can deliver positive growth in FY26, with 2B and overseas 2C as ...