1. People's Republic of China Stocks

  2. •

    Consumer Cyclical

  3. •

    Furnishings, Fixtures & Appliances
Gree Electric Appliances, Inc. of Zhuhai

Gree Electric Appliances, Inc. of Zhuhai

000651.SZ
Gree Electric Appliances, Inc. of ZhuhaiCN flagShenzhen Stock Exchange
39.50
CNY
-0.02
- -
219.95BMarket Cap
Gree Electric Appliances, Inc. of Zhuhai
000651.SZ
(Shenzhen Stock Exchange)

Recent

price

39.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
10.75
14.83
16.75
19.93
23.24
16.69
18.3
24.91
33.28
33.37
28.53
33.22
34.37
36.88
34.42
30.68
33.96
Revenue per Share
0.76
0.93
1.24
1.8
2.35
2.08
2.57
3.72
4.36
4.11
3.71
4.04
4.43
5.22
5.83
5.2
5.88
Basic EPS, GAAP
-0.33
-0.25
2.48
1.74
2.85
6.89
1.93
2.31
3.84
3.86
2.46
-0.67
4.09
9.17
4.72
8.01
-0.39
Free Cash Flow per Basic Share
0.17
0.17
0.28
0.53
0.78
1.58
1.53
1.85
0.14
2.19
2.31
3.07
3.33
2.46
2.73
3.25
3.66
Dividend per Share
1.92
2.66
3.44
4.7
6.28
7.26
8.35
10.26
14.63
16.61
18.21
19.16
17.55
21.2
24.83
25.83
24.41
Book Value per Share
2.29
2.98
4.34
5.48
7.08
7.62
8.58
10.5
14.53
17.71
18.54
17.04
16.02
19.49
23.5
24.85
23.21
Tangible Book Value per Share
5,655
5,631
5,975
6,022
6,023
6,025
6,017
6,022
6,010
6,009
5,977
5,709
5,532
5,559
5,521
5,578
5,518
Basic Weighted Avg Shares
60,807
83,517
100,110
120,043
140,005
100,564
110,113
150,020
200,024
200,508
170,497
189,654
190,151
205,018
190,038
171,118
187,371
Sales/Revenue/Turnover
4.06
4.85
7.63
9.25
12.08
13.17
12.56
17.74
15.1
14.17
13.94
13.3
14.09
15.48
18.29
18.03
17.74
Operating Margin (%)
444
614
951
1,195
1,331
1,304
1,808
2,033
3,109
3,193
3,589
3,644
4,970
5,283
5,257
5,055
- -
Depreciation Expense
4,276
5,237
7,380
10,870
14,155
12,532
15,464
22,400
26,203
24,697
22,175
23,064
24,507
29,017
32,185
29,003
32,461
Net Income, GAAP
14.89
16.29
15.03
15.17
14.92
15.33
16.19
15.44
15.65
15.42
15.32
14.82
15.45
15.53
12.26
16.69
11.24
Effective Tax Rate (%)
7.03
6.27
7.37
9.06
10.11
12.46
14.04
14.93
13.1
12.32
13.01
12.16
12.89
14.15
16.94
16.95
17.32
Profit Margin (%)
4,858
7,563
6,257
7,241
11,755
8,324
16,063
24,063
41,839
43,796
55,131
28,748
38,768
27,158
23,677
19,374
11,590
Working Capital
1,854
2,582
984
1,375
2,259
8
4
- -
- -
47
1,870
8,964
30,931
39,803
18,941
3,788
3,662
LT Debt
14,012
18,377
27,580
35,374
45,131
48,567
54,952
66,855
92,597
112,048
116,880
107,925
101,876
120,646
141,514
149,791
139,592
Total Equity
12.81
15.14
20.71
22.19
26.41
18.5
18.12
28.63
24.48
18.98
14.61
14.91
13.58
13.57
14.44
11.39
13.52
Return on Invested Capital (%)
33.2
26.76
28.75
34.31
34.5
25.49
27.07
32.02
27.89
22.32
18.09
17.33
16.77
16.63
16.11
13.74
15.62
Return on Capital (%)
45.9
40.56
41.51
44.48
42.8
30.72
32.9
40
35.02
26.31
21.25
21.14
23.74
27
25.25
20.64
25.61
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
54,587
77,379
79,946
LT Borrowings
18,230
5,837
2,970
LT Finance Leases
711
703
692
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5,601
5,601
5,601
Market Capitalization
249,984
250,857
247,877

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
224,803
260,682
262,956
Cash, Cash Equivalents & STI
130,449
140,339
142,300
Accounts Receivable, Net
16,832
18,814
19,722
Inventories
27,911
27,936
24,254
Total Current Liabilities
201,125
234,220
251,366
Payables & Accruals
- -
- -
- -
ST Debt
54,587
77,379
79,946
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.69%
5.66%
5.85%
Free Cash Flow
-69.1%
-133.77%
71.33%
Net Income, GAAP
9.9%
5.94%
-9.89%
Sales/Revenue/Turnover
6.64%
0.41%
-9.96%
Total Cash Common Dividend
139.19%
7.31%
20.06%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
36,596
63,691
47,130
42,622
190,038
2025
41,639
55,980
33,465
- -
171,118
2026
43,080
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.85
- -
- -
- -
5.83
2025
1.07
- -
- -
- -
5.2
2026
1.09
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.11
- -
- -
- -
2.73
2025
0.07
- -
- -
- -
3.25
2026
1.03
- -
- -
- -
- -
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Business
Gree Electric Appliances, Inc. of Zhuhai operates as a prominent global producer and vendor of heating, ventilation, air conditioning (HVAC) systems, and diverse household appliances. The company’s comprehensive offerings span a wide array of residential cooling and heating solutions, including various residential air conditioners and advanced residential central air conditioning units. Its extensive consumer product portfolio encompasses essential home devices such as washing machines, refrigerators, air purifiers, humidifiers, air coolers, electric heaters, and circulation fans. Gree also delivers a full suite of kitchen appliances, including range hoods, stoves, steam ovens, dishwashers, and water dispensers, alongside personal care items. Beyond household use, Gree specializes in commercial and industrial HVAC equipment, featuring screw, centrifugal, scroll, and multi-variable refrigerant flow (VRF) chillers, in addition to refrigeration systems and heat pumps. The company is a key manufacturer of industrial components like compressors, various electric motors, servo systems, and essential components such as varnished wires and capacitors. Embracing technological advancement, Gree is actively involved in developing smart home solutions and green energy initiatives, including AI-powered appliances and integrated energy management systems. Founded in 1989 and headquartered in Zhuhai, China, the enterprise diversified its operations over time, becoming a leader in the global air conditioning market and continually expanding its presence across over 160 countries. Its strategic focus includes continuous innovation in energy efficiency and smart technology, with recent breakthroughs in refrigerant pump technology for industrial applications.