Gree Electric experienced a rare ** on December 20, with a market value of more than 10 billion yuan. Gree Electric's performance exploded, but the stock price suffered a "Waterloo".
In Gree Electric's latest performance forecast, the company expects net profit and total operating income to increase in 2023, a figure that does not seem to bring many surprises to investors. However, a piece of news in the announcement has attracted widespread attention in the market: Gree Electric plans to receive Gree Titanium in its entirety.
The predecessor of Gree Titanium was Yinlong New Energy, a new energy company that was once favored by Dong Mingzhu, but now it is in trouble. In 2016, Gree Electric had planned to acquire Yinlong New Energy for 13 billion yuan, but this plan was rejected by the shareholders' meeting. However, Dong Mingzhu did not give up, she invested in Yinlong New Energy in her personal name, and gradually promoted Gree Electric to complete its holdings.
However, Greti's performance has been poor. As of December 31, 2022, the company's total assets were 2502.4 billion yuan, with total liabilities of 2478.6 billion yuan, with a net profit loss of 190.5 billion yuan. In the first half of this year, Greti's performance improved, but it was still in the red.
Investors did not buy Gree's acquisition, and many investors chose to sell**. However, Gree Electric does not seem to care about market value management, but chooses to release the latest earnings announcement overnight after the stock price**. This seems like a smart move, after all, the company still wants to be able to maintain its image in the market.
In the "Supplementary Announcement on Foreign Investment and Related Party Transactions", Gree Electric emphasized the importance of acquiring Gree Titanium. The company believes that this acquisition will help strengthen the management and control of Gretitanium, give full play to the synergy between the two parties, reduce internal management costs, and respond more actively and proactively to the rapid development and changes of the new energy industry.
It seems that Miss Dong's "magic operation" is not unreasonable. Although the share price of Gree Electric has suffered a **, the company's performance is still stable. Moreover, Dong Mingzhu's persistence and perseverance also let us see her love and confidence in the new energy industry.
In short, although Gree's acquisition has attracted widespread attention and questions from the market, the company is still firmly on its own path. Let's look forward to Gree Electric Appliances being able to create more miracles in the field of new energy!