Gree early morning announcement!Exceeded expectations

Mondo Finance Updated on 2024-01-30

In the early morning of December 21, Gree released a performance forecast.

Gree released a performance forecast.

In the early morning of the 21st, the air-conditioning giant Gree Electric Appliances announced that it is expected that the net profit attributable to the parent company in 2023 will be 27 billion yuan - 29.3 billion yuan, a year-on-year increase of 102%—19.6%;The total operating income is 205 billion yuan - 210 billion yuan. Basic earnings per share of 482 yuan shares — 523 yuan shares, compared with 4$43 shares.

Gree said that the main reason for the change in performance is that in 2023, the company's operating performance will be stable and upward, and 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.

In early trading today, Gree Electric (000651) opened higher and fell, slightly.

Gree Electric fell 7%.

It is planned to increase the holdings of Gree Titanium by more than 1 billion yuan.

On December 20, after the opening of A-shares, the share price of Gree Electric suddenly plunged, and the stock price continued to fall in the afternoon, falling by more than 7% as of **.

On the news side, on the evening of December 19, Gree Electric announced that it planned to transfer about 27.1 billion shares (24.4 percent of Greti's total share capital.)54%), the transaction price is about 101.5 billion yuan. Dong Mingzhu, chairman of Gree Electric Appliances, does not participate in this transaction.

The announcement said that after the completion of this transaction, Gree Electric will control the total share capital of Gree Titanium 7247% of the voting rights, of which 55 are directly held by Greti01% of the shares, and through the voting rights entrustment arrangement, owns about 1The voting rights corresponding to 9.3 billion shares (accounting for 1746%)。

In addition, Gree Electric plans to take the opportunity to carry out the transfer of the company's agreement in the next 12 months2753% of Greti's shares. After this transaction, the shares of Gree Titanium held by Chairman Dong Mingzhu remained unchanged.

According to reports, Gree Titanium is a comprehensive new energy industry group integrating lithium titanate battery core materials, batteries, intelligent energy storage systems, new energy vehicle research and development, production, sales and power battery echelon utilization, headquartered in Zhuhai, and has Chengdu, Tianjin, Shijiazhuang, Handan and other industrial parks.

It is worth mentioning that the predecessor of Gree Titanium is Yinlong New Energy. In 2021, Gree Electric will start with 182.8 billion yuan of ** photographed Yinlong New Energy 3047% equity, thus completing the holding of Yinlong New Energy, and later changed its name to Gree Titanium.

Gree Electric believes that Gree Titanium is an important part of the company's new energy sector, and this transaction will help strengthen the management and control of Gree Titanium, give full play to the synergy between the two parties, reduce internal management costs, accelerate the implementation of Gree Electric's green energy strategy, and help achieve the goal of "carbon neutrality".

However, Gree Electric reminded in the announcement that although the business situation of Gree Titanium continues to improve, its operation may still be affected by the historical factors left over from the corporate governance and operation of the original major shareholder, the slowdown in global economic growth caused by cyclical fluctuations in the macroeconomy, and the intensification of competition in the new energy industry. At the same time, Gree Titanium needs to continue to explore the market and maintain a high R&D investment, and related investment may also have a certain impact on Greeti's operating performance.

Bay Area Financial Comprehensive ** Times, Brokerage China Report.

Editor: Xiaoya.

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