Guangdong Midea Electric Appliance Co., Ltd., formerly known as Guangdong Midea Group Co., Ltd., was established in August 1992 and listed on Shenzhen Stock Exchange in June 1993. It is the first listed company in China that was restructured from township enterprises. In April, 2004, with the approval of the shareholders' meeting, the company changed its name to "Guangdong Midea Electric Appliance Co., Ltd.".
Township enterprises generally belong to collective ownership enterprises.