Gree Electric Appliances Inc.Of Zhuhai(000651) : the net profit in 2021 is 23.064 billion yuan, and it is proposed to distribute 10 yuan and 20 yuan

Gree Electric Appliances Inc.Of Zhuhai(000651) ( Gree Electric Appliances Inc.Of Zhuhai(000651) ) the annual report of 2021 was released on the evening of April 29. In 2021, the total operating revenue was 189654 billion yuan, a year-on-year increase of 11.24%; The net profit attributable to shareholders of listed companies was 23.064 billion yuan, a year-on-year increase of 4.01%. It is proposed to distribute a cash dividend of 20 yuan (including tax) for every 10 shares to all shareholders.

The pattern of diversification has gradually emerged

According to the data released by HVAC information, Gree central air conditioning is the only brand with a sales scale of more than 20 billion yuan in China’s central air conditioning industry in 2021, realizing the “ten consecutive titles” in the central air conditioning market. According to the domestic sales data of household air conditioners published by industry online in 2021, Gree air conditioners ranked first in the industry with a share of 37.4%, leading the industry in 27 years. In 2021, Gree Electric Appliances Inc.Of Zhuhai(000651) continues to enrich the category of household electrical appliances. According to ovicloud, in 2021 Gree Electric Appliances Inc.Of Zhuhai(000651) the share of online retail sales of electric heaters, electric fans, dehumidifiers, air energy water heaters and other products ranked among the top two in the industry.

In addition to the field of electrical appliances, Gree Electric Appliances Inc.Of Zhuhai(000651) accelerated the industrial layout, made corresponding progress in intelligent equipment, precision molds, medical health, renewable resources and other sectors, and the diversified pattern gradually appeared.

Photovoltaic (storage) air conditioning sector, Gree light air storage zero carbon source business scope includes photovoltaic DC air conditioning system, new energy DC appliances, energy storage and near user side energy Internet system, etc. In 2021, Gree photovoltaic (storage) air conditioning system successively won the bid for major projects such as Hebei xiongan New Area Investment Promotion Service Center, Wuhan Caidian urban service center, Jiangsu Jiuli central HVAC station, Huijin business center and so on.

In the new energy vehicle and lithium battery sector, Gree has long-term and in-depth layout of the new energy sector. In 2021, Gree further improved the layout of the new energy industry through the acquisition of Gree titanium, added lithium-ion batteries, new energy commercial vehicles, special vehicles and other business areas, and built a system covering lithium battery materials, lithium batteries, modules / packs, core parts of new energy vehicles, downstream new energy vehicles, industrial and commercial energy storage, photovoltaic (storage) air conditioning Integrated industrial chain of energy Internet system. At present, the business relationship between Gree and Gree titanium has been straightened out and preliminary results have been achieved, including the cooperative development of multiple energy storage system projects in high altitude and ultra-low temperature areas and the introduction of their own advantageous products. In the future, it will continue to promote comprehensive integration and coordinated development.

Semiconductor sector, Gree Electric Appliances Inc.Of Zhuhai(000651) has made significant progress in the research of semiconductor field. In 2021, the operating revenue of zero boundary integrated circuit Co., Ltd., a wholly-owned subsidiary of Gree Electric Appliances Inc.Of Zhuhai(000651) achieved an increase of more than 50%, and the product shipment exceeded 70 million.

International leading technologies are increasing

Last year, Gree Electric Appliances Inc.Of Zhuhai(000651) made a series of new technological achievements. According to the assessment of authoritative institutions, Gree Electric Appliances Inc.Of Zhuhai(000651) added four “international leading” technologies: “high efficiency normal temperature catalytic aldehyde removal technology and its application in air purifier”, “high efficiency hot gas defrosting technology for continuous heating of air source heat pump”, “research and application of key technologies in digital Laboratory of household appliances” and “R & D and application of key technologies of high safety and high rate energy storage system”. So far Gree Electric Appliances Inc.Of Zhuhai(000651) has obtained 35 “international leading” technologies. Gree’s “zero carbon source” air conditioning technology won the highest award in the “global Refrigeration Technology Innovation Grand Prix”. As the team leader, the unit led the establishment of a national DC controller standard working group to fill the vacancy in the field of DC controller standards.

Gree Electric Appliances Inc.Of Zhuhai(000651) put forward the “ten-year free repair policy” for household air conditioners, leading the progress of China’s air conditioning service standards. Continue to fully implement the pqam perfect quality assurance mode. In the 46th international quality management group (icqcc) competition known as “quality Olympics”, the Gree Electric Appliances Inc.Of Zhuhai(000651) representative team won the highest award – the most Excellence Award.

In addition, Gree Electric Appliances Inc.Of Zhuhai(000651) strengthen e-commerce operation and activate channel advantages. Gree’s “new retail” is based on 27 sales companies, more than 70 online dealer stores, more than 30000 offline exclusive stores and the official flagship store of the third-party e-commerce platform to establish a two-line sales network covering the whole country, and realize digital management from procurement, production, goods preparation, warehousing, logistics, inventory and sales by using advanced scientific and technological means such as big data and artificial intelligence; By upgrading the production, circulation and sales process of goods, reduce sales links, reduce sales costs, reshape Gree’s ecological structure and ecosystem, and realize the new mode of deep integration of online service and offline experience.

It is worth mentioning that last year Gree Electric Appliances Inc.Of Zhuhai(000651) made continuous efforts in overseas markets and performed prominently in emerging markets. Gree products have been sold to more than 180 countries and regions, of which independent brands account for 51% and sales increased by 23% year-on-year Gree Electric Appliances Inc.Of Zhuhai(000651) successively won the bid for several large-scale model projects, such as the 2022 Qatar world cup venue and its dormitory supporting project, Indonesia’s star Malia commercial complex, Sao Paulo mall, Brazil, etc. the winning products include centrifugal units, screw units and other large-scale commercial products, which have blossomed and bear fruit in the fields of public facilities, industrial parks, commercial buildings and other fields, and establish the international image of Gree brand.

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