The Beijing News Shell Finance News (Reporter Chen Weicheng) In the early morning of April 30, Gree Electric released its 2023 financial report, showing that its total operating income was 205.018 billion yuan, a year-on-year increase of 7.82%; The net profit of returning to the mother was 29.017 billion yuan, up 18.41% year-on-year.
Air conditioning is still an important source of revenue in Gree Electric. In 2023, the company’s air conditioning business revenue was 151.217 billion yuan, a year-on-year increase of 12.13%; Gross profit margin was 37.04%, up 4.60% year-on-year. The company continued to diversify its layout, and the revenue of household appliances including refrigerators, washing machines, kitchen appliances and cleaning appliances was 4.002 billion yuan, a year-on-year decrease of 12.39%.
Gree Electric announced in August, 2021 that the company won 30.47% equity of Yinlong New Energy through participating in the judicial auction, and Dong Mingzhu entrusted the company to exercise the voting rights corresponding to its 17.46% equity of Yinlong New Energy. After the transaction is completed, Gree Electric controls 47.93% of the voting rights of Yinlong New Energy, and Yinlong New Energy will become a holding subsidiary. Subsequently, Yinlong New Energy was renamed Gree Titanium.
In 2023, Gree Electric continued to strengthen the control right of Gree Titanium, and plans to increase its holding of 24.54% shares of Gree Titanium by 1.015 billion yuan. After the transaction is completed, it will control 72.47% of the voting rights of Gree Titanium. In the next 12 months, the company will take the opportunity to carry out a company agreement to acquire a total of no more than 27.53% of the shares of Gree Titanium.
The financial report shows that the company’s industrial products business revenue was 10.003 billion yuan, a year-on-year increase of 31.63%; The revenue of green energy business was 7.106 billion yuan, a year-on-year increase of 51.16%; The revenue of smart equipment business was 670 million yuan, a year-on-year increase of 55.03%.
During the reporting period, the company’s products have been sold to more than 190 countries and regions, and its overseas business achieved an operating income of 24.904 billion yuan, accounting for nearly 70% of its own brands, up 8% year-on-year.
Since 2010, Gree Electric has successively established six renewable resource bases in Changsha, Zhengzhou, Shijiazhuang, Wuhu, Tianjin and Zhuhai. During the reporting period, the company handled 9.95 million sets of used household appliances.
On April 28th, Gree Electric announced that it would invest 3 billion yuan to start the trade-in of household appliances.
Editor Zhang Bing proofreads Liu Jun.