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    Producer manufacturing

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    Industrial machinery
Gree Electric Appliances, Inc. of Zhuhai Class A

Gree Electric Appliances, Inc. of Zhuhai Class A

SSZSE:000651
37.23
CNY
-0.20
(-0.53%)
5.24EPS
7.12P/E
210.05BMarket Cap
Oct 27Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
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
32.16
Basic EPS, GAAP
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
5.26
Free Cash Flow per Basic Share
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
- -
Dividend per Share
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
2.17
Book Value per Share
5.73
7.34
7.9
8.97
10.91
15.16
18.31
19.15
17.53
17.18
20.74
24.53
26.05
26.51
Tangible Book Value per Share
5.34
6.93
7.46
8.41
10.31
14.29
17.37
18.14
15.73
14.82
18.56
22.42
24.05
24.55
Basic Weighted Avg Shares
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
5,570
Sales/Revenue/Turnover
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
179,118
Operating Margin (%)
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
17.75
Depreciation Expense
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
- -
Net Income, GAAP
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
29,327
Effective Tax Rate (%)
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
17.18
Profit Margin (%)
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
16.37
Working Capital
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
18,186
LT Debt
1,375
2,259
8
4
- -
- -
47
1,870
8,964
30,931
39,803
18,941
3,788
2,783
Total Equity
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
152,323
Return on Invested Capital (%)
24.51
25.12
18.89
22.93
28.1
25.12
19.78
16.01
15.77
13.82
14.04
15.37
12.9
12.4
Return on Capital (%)
28.77
29.97
23.17
25.42
30.42
26.89
21.08
16.97
17.3
17.07
16.68
16.14
13.67
13.17
Return on Common Equity (%)
35.5
36
27.34
30.47
37.46
33.42
24.53
19.68
21.08
24.46
27.18
25.32
20.47
20.11

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
81,625
70,834
80,854
LT Borrowings
3,135
2,179
2,129
LT Finance Leases
653
659
654
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5,601
5,601
5,601
Market Capitalization
225,289
211,845
210,053

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
250,944
242,451
256,313
Cash, Cash Equivalents & STI
141,889
154,418
162,667
Accounts Receivable, Net
15,987
17,756
17,177
Inventories
28,183
25,693
26,107
Total Current Liabilities
231,570
216,887
238,127
Payables & Accruals
- -
- -
- -
ST Debt
81,625
70,834
80,854
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

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

CNY

•

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
46,593
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.85
1.72
1.42
1.86
5.83
2025
1.07
1.54
- -
1.35
5.2
2026
1.09
1.29
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.11
0.1
2.45
0.09
2.73
2025
0.07
1.06
- -
0.07
3.25
2026
1.03
0.02
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Wei Zhang
Full Time Employees
71,966
Sector
Producer manufacturing
Industry
Industrial machinery
Address
No. 108, Huitong Third Road Zhuhai GD China 519031
IPO Date
Nov 18, 1996
Website
gree.com.cn
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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.