Lei Di Network Lei Jianping May 1
Zhuhai Gree Electric Appliances Co., Ltd. (abbreviation: "Gree Electric", stock code: "stock code: 000651") recently released its financial report. The financial report shows that Gree Electric’s revenue in 2022 will be 188.988 billion yuan, an increase of 0.6% from 187.869 billion yuan in the same period last year.
Gree Electric's net profit in 2022 will be 24.507 billion yuan, an increase of 6.26% from 23.064 billion yuan in the same period of the previous year; the net profit after deducting non-profits will be 23.986 billion yuan, an increase of 9.78% from 21.85 billion yuan in the same period of the previous year.
Among them, Gree Electric’s revenue in the fourth quarter of 2022 was 41.5 billion, its net profit was 6.2 billion, and its net profit after deducting non-existing expenses was 5.419 billion yuan.
Gree Electric's revenue in the first quarter of 2023 was 35.456 billion yuan, an increase of 0.56% from 35.26 billion yuan in the same period last year. The government subsidy included in the first quarter of 2023 by Gree Electric is 217 million yuan.
Gree Electric’s net profit in the first quarter of 2023 was 4.11 billion yuan, an increase of 2.65% from the 4 billion yuan in the same period of the previous year; the net profit after deducting non-existing expenses was 3.723 billion yuan, a decrease of 1.36% from the 3.775 billion yuan in the same period of the previous year.
Gree Electric Appliances is a diversified and technology-based global industrial group. It owns three major consumer brands, Gree, TOSOT, and Jinghong, and industrial brands such as Linda, Kaibang, and Xinyuan. The industry covers two major fields: household consumer goods and industrial equipment.
The consumer field covers household air conditioners, HVAC, refrigerators, washing machines, water heaters, kitchen appliances, environmental appliances, communication products, smart buildings, and smart homes; the industrial field covers high-end equipment, precision molds, refrigeration equipment, motors, compressors, capacitors , semiconductor devices, precision casting, basic materials, industrial energy storage, renewable resources, and its products are exported to more than 190 countries and regions.
Gree Electric said that it intends to distribute a cash dividend of 10 yuan (including tax) to all shareholders for every 10 shares based on the total share capital of 5,613,841,613 shares entitled to profit distribution rights when the profit distribution plan was disclosed.
Hillhouse is the major shareholder
As of March 31, 2023, Hillhouse's Zhuhai Mingjun Investment Partnership (Limited Partnership) holds 16.02% of the shares, HKSCC holds 12.06% of the shares, and Jinghai Internet Technology Development Co., Ltd. holds 6.8% of the shares , Zhuhai Gree Group Co., Ltd. holds 3.44% of the shares, and China Securities Finance Co., Ltd. holds 3.19% of the shares;
As of March 31, 2023, the shareholding structure of Gree Electric Appliances
Zhuhai Gree Electric Appliances Co., Ltd. - the second phase of the employee stock ownership plan holds 1.37% of the shares, Zhuhai Gree Electric Appliances Co., Ltd. - the first phase of the employee stock ownership plan holds 0.82% of the shares, Dong Mingzhu holds 0.79% of the shares, Hillhouse Its subsidiary HHLR Management Co., Ltd. - HHLR China Fund holds 0.77% of the shares, and Foresea Life Insurance Co., Ltd. - Haili holds 0.65% of the shares every year.
As of December 31, 2022, Zhuhai Mingjun Investment Partnership (Limited Partnership), a subsidiary of Hillhouse, holds 16.02% of the shares, HKSCC holds 11.48% of the shares, and Jinghai Internet Technology Development Co., Ltd. holds 6.8% of the shares , China Securities Finance Co., Ltd. holds 3.19% of the shares;
Zhuhai Gree Group Co., Ltd. holds 3.17% of the shares, and Foresea Life Insurance Co., Ltd.-Haili Niannian holds 0.83% of the shares;
As of December 31, 2022, the shareholding structure of Gree Electric Appliances
Zhuhai Gree Electric Appliances Co., Ltd. - The first phase of the employee stock ownership plan holds 0.82% of the shares, Dong Mingzhu holds 0.79% of the shares, Hillhouse's HHLR Management Co., Ltd. - HHLR China Fund holds 0.77% of the shares, Abu Dhabi Investment Authority The shareholding is 0.56%.
As of September 30, 2022, Hillhouse's Zhuhai Mingjun Investment Partnership (Limited Partnership) holds 16.02% of the shares, HKSCC holds 11.43% of the shares, and Jinghai Internet Technology Development Co., Ltd. holds 6.8% of the shares , China Securities Finance Co., Ltd. holds 3.19% of the shares;
Zhuhai Gree Group Co., Ltd. holds 3.14% of the shares, and Foresea Life Insurance Co., Ltd.-Haili Niannian holds 0.83% of the shares;
As of September 30, 2022, the shareholding structure of Gree Electric Appliances
Zhuhai Gree Electric Appliances Co., Ltd. - The first phase of the employee stock ownership plan holds 0.82% of the shares, Dong Mingzhu holds 0.79% of the shares, Hillhouse's HHLR Management Co., Ltd. - HHLR China Fund holds 0.77% of the shares, Abu Dhabi Investment Authority The shareholding is 0.55%.
In the fourth quarter of 2022, the equity of Gree Electric Appliances has not changed much. In the first quarter of 2023, the holdings of Zhuhai Gree Group Co., Ltd. and Hong Kong Securities Clearing Co., Ltd. have increased. shares fell.
Hillhouse is still the major shareholder. Hillhouse became a shareholder of Gree in December 2019. At that time, Gree Electric issued an announcement and reached an agreement with Hillhouse Capital, and Hillhouse Capital became the major shareholder of Gree Electric. Gree Group and Zhuhai Mingjun signed the "Share Transfer Agreement", agreeing that Zhuhai Mingjun will transfer 902,359,632 shares of Gree Electric Appliances held by Gree Group (accounting for 15% of the total share capital of Gree Electric Appliances) at a price of 46.17 yuan per share. The total transfer price It was 41.662 billion yuan.
As of today, Gree Electric's share price is 39.34 yuan, with a market value of 221.55 billion yuan.
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