After the market value evaporated by 13 billion, Dong Mingzhu was in a hurry
At about half past one a.m. on December 21, Gree Electric Appliances (SZ000651) suddenly issued two announcements, one is its latest performance forecast, and the other is a supplementary announcement to its transfer of Gree Titanium shares. At 1 o'clock in the morning, the performance forecast was issued, and Gree's operation was rare!
On December 20, the share price of Gree Electric suffered a rare **, and the market value evaporated by more than 13 billion yuan in a single day.
On the evening of December 19, Gree Electric announced that it planned to take 101.5 billion yuan to acquire Gree Titanium New Energy Co., Ltd. *** hereinafter referred to as Gree Titanium) 2454% stake. At the opening of trading on December 20, the stock price of Gree Electric immediately plummeted. By the 20th**, the stock price of Gree Electric Appliances fell by 7 in a single day09%, with a cumulative evaporation of more than 13 billion yuan in market value.
It is reported that Gree Titanium is a comprehensive new energy industry group integrating lithium titanate battery core materials, batteries, intelligent energy storage systems, new energy vehicle research, production and sales and power electrical appliances. At present, Gree Electric Appliances and Dong Mingzhu seem to be full of confidence in the prospects of Gree Titanium. However, since Gree Electric Appliances took control of Gree Titanium in 2021, some investors have not been very satisfied with the market prospects of Gree Titanium.
Gree released a performance forecast in the early morning.
The stock price responded**.
At around 1:30 a.m. on December 21, Gree released its 2023 annual performance forecast.
According to the performance forecast, Gree Electric is expected to have a net profit of 27 billion yuan and 29.3 billion yuan attributable to the parent company in 2023, a year-on-year increase of 102%-19.6%；The total operating income was 205 billion yuan and 210 billion yuan, compared with 1901 in the same period last year5.1 billion yuan;Basic earnings per share of 482 yuan share 523 yuan shares, compared with 4$43 shares.
It is worth mentioning that this performance forecast also exceeded market expectations, and the market generally expects that the total operating income of Gree Electric Appliances will be 204 billion yuan, and the net profit attributable to shareholders of listed companies will be 2708.5 billion yuan.
Gree said that in 2023, the company's operating performance will be stable and upward, and its revenue and profit will increase compared with the same period last year. The company has always focused on the main business of air conditioning, adhered to the guidance of consumer demand, enriched product categories, and actively expanded sales channelsAt the same time, the company continued to carry out industrialization transformation, continued to make efforts in diversified fields such as high-end equipment, industrial products, and green energy, created more leading technologies, and provided growth momentum for performance.
On the morning of the 21st, the share price of Gree Electric rose in response, and as of the noon break, Gree's share price was reported at 3121 yuan, up 133%, with a total market value of 175.8 billion yuan.
Supplementary explanation of the reasons for investing in Gretitanium.
It is worth noting that in the early morning of December 21, Gree also issued another announcement "Supplementary Announcement on Foreign Investment and Related Party Transactions".
It reviewed Gree's performance in the first three quarters of this year, and in the first three quarters of 2023, the company achieved a total operating income of 1,5581.2 billion yuan, a year-on-year increase of 503%, and the net profit attributable to shareholders of the parent company was 2009.2 billion yuan, a year-on-year increase of 977%, net cash flow from operating activities 3959.6 billion yuan, a year-on-year increase of 7631%, the company's operating performance maintained steady growth and cash flow improved.
In addition, Gree also emphasized that the company attaches great importance to shareholder returns while focusing on its own development, and continues to share the results with investors through cash dividends and repurchase of the company's shares. Since its listing in 1996, the company has accumulated equity financing of 526.9 billion yuan, the company has accumulated dividends of more than 139 billion yuan, of which cash dividends have exceeded 110 billion yuan, the repurchase of the company's shares has accumulated about 27 billion yuan, and the dividend rate over the years has exceeded 62% of the net profit attributable to shareholders of listed companies during the period. Since 2020, the company has repurchased about 52.5 billion shares, with a cumulative cancellation of about 3 shares of the company8.4 billion shares, effectively improving investor returns and effectively safeguarding the interests of shareholders (the above-mentioned share repurchase data does not include the company's fourth phase of repurchase of part of the public's shares).
For the increase in Gree titanium shares, Gree Electric explained that after a long-term in-depth layout, the company has built a new energy product layout including basic devices, chips, capacitors, inverters, control systems, intelligent energy storage systems, motors, electronic controls, thermal management of new energy vehicles, commercial and special vehicles, etc., and has created an industrial ecology from basic components to terminal products, and combined with air conditioning technology to develop photovoltaic (storage) DC air conditioning and household appliance systems, and established a "photovoltaic storage direct flex" A new ecology of integrated zero-carbon energy products. In order to accelerate the implementation of the company's green energy strategy, the company intends to increase its holdings of Gree Titanium New Energy Co., Ltd. by transferring the shares held by existing shareholders, which will help the company strengthen the management and control of Gree Titanium, give full play to the synergy effect of both parties, reduce internal management costs, and respond more actively and proactively to the rapid development and changes of the new energy industry.
*: Daily economic news is synthesized from Gree Electric Announcements, public information, etc.