Dong Mingzhu, the leader of Gree Electric, is known for his bold decision-making and investment strategy. From the public gambling contract with Lei Jun to the investment in Zhuhai Yinlong, her behavior has always attracted much attention. The 2013 bet showed Dong Mingzhu's self-confidence and adventurous spirit, and the subsequent investment decision in Zhuhai Yinlong highlighted her boldness in business decisions.
In 2016, Dong Mingzhu personally invested 1 billion yuan in Zhuhai Yinlong New Energy, which sparked widespread discussion. She pulled Wang Jianlin, Liu Qiangdong and other business tycoons to invest together, showing her firm belief in the new energy vehicle market. However, this decision also raised questions about the relationship between Dong Mingzhu's personal interests and Gree Electric.
Dong Mingzhu's investment funds are ** personal debt, of which 7500 million from Gree dealers, 2500 million from the founder of Zhuhai Yinlong. In addition, the 20 billion "procurement" contract signed by Gree Electric and Yinlong has also aroused doubts among investors and shareholders. This kind of contract seems to be beneficial to Yinlong, but it has no obvious benefit to Gree Electric, exposing potential risks.
As of July 2021, Yinlong New Energy's financial position is not optimistic, showing huge losses and high debt. Gree Electric Appliances with 182.8 billion yuan** auctioned Yinlong New Energy 3047% equity, this move further exposed Dong Mingzhu's investment risk. If this gamble fails, Gree Electric may bear heavy losses.
The correlation between Dong Mingzhu's personal investment decisions and Gree Electric's business operations has brought potential risks to Gree Electric. How to deal with the relationship between Gree Electric and Yinlong New Energy and how to prevent the occurrence of similar risks in the future has become an urgent problem to be solved. In addition, how to balance the personal decision-making of the leadership and the interests of the company is also a key challenge for Gree Electric.