Kunpeng Project
The change of 100 billion Gree Group is on the hot search, is Miss Dong not doing it?
According to the first financial report, on February 19, Gree Group changed its own head, Kang Hong officially served as the secretary of the party committee and chairman of the Gree Group, after he served as the deputy secretary general of the Zhuhai Municipal People's Government.
Many people's first reaction when they see the news is,Is Dong Mingzhu retired?
However, what everyone needs to keep their eyes open and take a good look at is that this Gree is not Pigeli.
Gree Group is a state-owned enterprise in Zhuhai and the first state-owned capital investment and operation platform in Zhuhai, with its business covering industrial investment, construction investment, urban renewal, construction and installation, service operation and other fields. By the end of 2023, Gree Group's total assets will exceed 113.2 billion yuan, and the owner's equity will exceed 48.3 billion yuan.
Gree Electric is only a listed company controlled by Gree Group, and it is already a private enterprise. The largest shareholder of Gree Electric is Zhuhai Mingjun, a subsidiary of Hillhouse Capital, holding 16% of the shares, while Gree Group currently holds 344% of the shares, only the fourth largest shareholder of Gree Electric Appliances.
Dong Mingzhu currently holds 097% of the shares, is the sixth largest shareholder of Gree Electric Appliances and the first natural person shareholder, and is also serving as the chairman of Gree Electric Appliances.
As for the past and present lives of Gree Group and Gree Electric Appliances, what grievances and hatreds do they have?
At first, Gree Electric was just an electronics factory invested by Gree Group, which was a state-owned enterprise. Twenty years ago, Gree Group and Gree Electric Appliances caused a "father-son dispute" because of the business problems of small household appliances, in order to resolve the dispute, Gree Group transferred the trademark of Gree Electric Appliances and the small household appliances business of Gree Electric Appliances to Gree Electric Appliances.
As Dong Mingzhu, a migrant girl, began to take charge of Gree Electric, Gree Electric began its own take-off. "Good air conditioning, made by Gree" has not only become a popular advertising slogan, but also represents that Gree air conditioning made by Gree has become the leading leader of domestic air conditioning, which is not only well-known throughout the country, but also goes to the world, opening the road of barbaric development.
As we all know, Gree Electric has been able to develop from a little-known small electronics factory to a leading brother in household appliances, and the iron lady Dong Mingzhu has indeed made great contributions.
Speaking of Gree, the world only knows Dong Mingzhu but not the owner Gree Group. Dong Mingzhu's iron-fisted style and contribution to Gree are seen by everyone. And Gree Electric is advancing by leaps and bounds under the leadership of the Iron Lady.
By the end of 2023, the total operating income of Gree Electric Appliances will exceed 200 billion yuan, and the net profit attributable to the parent company will reach more than 29 billion yuan, and it will begin to transform from an air conditioning leader to a diversified technology-based global industrial group. Dong Mingzhu even said at the company's Spring Festival Gala that the company's performance will double in the next five years.
With such a strong and outspoken person leading Gree Electric, the old owner Gree Group is also a big headache. Since it's going to rain and my mother is going to get married, let her go. Since 2006, Gree Group has begun to take the shares of Gree Electric Appliances and gradually release control.
In 2019, Gree Electric introduced strategic investors to complete the mixed ownership reform, and Zhuhai Mingjun, which has a Hillhouse capital background, invested 416600 million yuan acquired 15% of the shares of Gree Electric Appliances from Gree Group and became the major shareholder of Gree Electric Appliances.
Gree Group retreated to the second line and became the fourth shareholder. As a result, Gree Electric Appliances transformed into a privately owned enterprise.
Since the shares occupied by Mingjun Investment can only recommend three directors to Gree Electric Appliances, which is not enough to control the big business of Gree Electric Appliances, so the current state of Gree Electric Appliances is that there is no actual controller, and Dong Mingzhu, as the chairman and president and legal representative, is still at the helm of Gree Electric Appliances.
In the final analysis, Gree Electric is a listed company under the Gree Group. Although Gree Group holds shares in Gree Electric Appliances, its influence on Gree Electric Appliances is already very limited. And Dong Mingzhu has achieved a gorgeous reversal from the original working girl to become the nominal and actual head of Gree Electric Appliances, and its gold content has surpassed that of Kang Hong, the new head of Gree Group.