[Reference**: Times, Jimu News].
Recently, Zhuhai Gree Group completed high-level personnel adjustments, and Kang Hong took over as the secretary of the party committee and chairman of the group. Kang Hong, the new leader born in Sichuan in 1976 and previously served as the deputy secretary-general of the Zhuhai Municipal People's Government, marks a new stage of development for Gree Group.
According to the official ** of Gree Group, as the first state-owned capital investment and operation platform in Zhuhai, the group has accumulated rich experience in the fields of industrial investment, urban construction, urban renewal, construction installation and service operation since its establishment in 1985, and has formed a diversified business layout. As of the end of 2023, Gree Group's total assets exceeded RMB113.2 billion, and the owner's equity reached RMB48.3 billion, showing a steady and positive development trend.
It is worth noting that there is a historical relationship and clear boundaries between Gree Group and Gree Electric Appliances, which is well known to the public. Although Gree Group has been the controlling shareholder of Gree Electric Appliances for a long time, it has gradually reduced its shareholding ratio in the past ten years, and only retained 1822% equity. In the same year, Gree Group made Zhuhai Mingjun the largest shareholder of Gree Electric Appliances through equity transfer, and Gree Electric Appliances has since transformed into a corporate structure without controlling shareholders and actual controllers. As of the end of the third quarter of 2023, Gree Group's shareholding in Gree Electric has further decreased to 344%, which is the fourth largest shareholder.
Regarding the issue of Ms. Dong Mingzhu's position, which is of general concern, in fact, Dong Mingzhu's current identity is the chairman of Zhuhai Gree Electric Appliance Co., Ltd., and he is not involved in the personnel changes of Gree Group. As early as 2012, Dong Mingzhu was appointed at the helm of Gree Electric, and led Gree Electric to achieve significant performance growth in the following years. In 2016, she completed the handover at the level of Gree Group, focusing on the strategic planning and development of Gree Electric.
Kang Hong's appointment as chairman of Gree Group comes at a critical time when China's state-owned enterprises are deepening their reform and transformation and upgrading, and their strategic decision-making and management measures in the new leadership position will undoubtedly become the focus of attention of the industry and the market. It is foreseeable that under the leadership of the new leadership team, Gree Group will continue to promote the pace of reform of state-owned enterprises, explore diversified development paths, and maintain good interactive and cooperative relations with Gree Electric Appliances to jointly contribute to the economic development of Zhuhai and even the whole country.
Note: This article is based on public information and ** reports for integrated analysis, the views in the article are only the author's personal views, without any political color, nor do they represent any political position.