Gree Electric Appliances as a typical White Horse shares have been generous dividend since listing.Especially Dong Mingzhu became chairman of the board, the amount of dividend increased only last year, the amount of Gree dividends hit a record high last year. CCTV Financial "trading hours" reporter Exclusive interview with Dong Mingzhu, less than 6 months from the re-election time, Dong Mingzhu will continue to be re-elected? If retirement, Gree also can extend the past performance and dividends? Let's see how she is to answer '
Since its listing Gree has been generous dividends, especially since Dong Mingzhu became chairman of the board, the amount of dividends increased only diminished from 2012 to 2015, Gree has accumulated cash dividends of up to 25.568 billion yuan last year, Gree will issue the largest amount in the history of the company Of the 'red packets', one-time payment is 10.8 billion yuan, accounting for the company's full-year 2016 net profit of 70.22%, the amount of dividends once again hit a record high.
Because optimistic about the future of Gree, Dong Mingzhu repeatedly bought shares of Gree, but never sell Dong Mingzhu served as president of Gree in 2001 and concurrently chairman of the board in 2012. According to the 2016 annual report of Gree, GEL chairman Dong Pearl's term of office will expire on May 31, 2018, less than 6 months from the time of general election. At that time, Dong Mingzhu, 64, will continue to serve a second term.
Dong Mingzhu, chairman and president of Gree Electric Appliance Co., Ltd .: The most important point for a successor is to be careful, the second to forget, the third to be persistent, and the fourth to have an exemplary role. This is very important.
Dong Mingzhu provided several requirements for her successor selection. However, for a reporter asking how long she expected to work for as long as possible, Dong Mingzhu did not directly give an answer, but said that since her year as president in 2001 Consider cultivating successors, now is the best time for young people to come up.
Dong Mingzhu, Chairman and CEO of Gree: I did not expect it at all, and I really hope that young people now have the best time to come. Now the brand position, our team, including some of us System construction has reached a very perfect state, he basically does not want any challenge, just do it with the heart can do well.
Reporter: Can a simple understanding, the general will not be affected, you will certainly continue?
Dong Mingzhu, chairman and president of Gree Electric Appliances Co., Ltd .: If anyone can connect with them first, it is the best time for them to go up, no matter from the wealth or the brand, the brand content management system is the perfect time.
Dong Mingzhu's successor to be tested
Shareholders concerned about: If Dong Mingzhu retiring after the Gree will affect the company, Dong Mingzhu himself is not worried.
Dong Mingzhu, Chairman and CEO of Gree Electric Appliance Co., Ltd .: I think the eventual formation is one and I think there is absolutely no problem within three years of my retirement. We must subvert this culture from both wealth and culture. A few years of course, the election is also very important, so I just talked about this position, first, he is absolutely loyal to the business; the second one will be able to let go of others, the achievements of everyone's mind. I think there should be a few successors in my eyes, but the only thing that makes me think this person really can put down self is a to be tested.
But Bin: Great companies need generations of entrepreneurs to relay
In an interview, Dan Bin, chairman of Shenzhen Oriental Harbor Investment Management Co., Ltd., said in an interview: From my own personal wish, because many entrepreneurs can work till the age of 80 or even 90, I certainly hope Ms. Dong Mingzhu can act like B as early as 108. Of course, state-owned enterprises still have some institutional restrictions, then I think even if Ms. Dong Mingzhu retires, may not have a particularly big impact on Gree. I personally tend to a good business, it is A generation of managers continue to succeed, like the successor of the baton business if an entrepreneur left, the business collapse, then I think this enterprise's cultural construction, echelon construction may have implied a large The problem.
Reporter: Is both optimistic about the entrepreneur and the company's system is optimistic about it?
But Bin: Yes, it is a team strength.
Reporter: In general, you are optimistic about this company Gree, for example, the horizontal comparison, and the United States, the boss of these companies, more optimistic about what it?
But Bin: From its professional level, the field of subdivision, because it is a leading enterprise, it is definitely the boss in the field of air-conditioning.If an enterprise it's a single product that can account for the world's leading, just like Apple , Then such a business, its profitability to play this advantage will be very full, from this perspective is a better perspective, but from another perspective, for example, you just say that as the inheritance problem, like Midea, it has actually been solved, and the second generation of Mr. Fang has been connected so then from this perspective, Gree may face a new option, investors may be somewhat worried.But from the current operation of the enterprise Gree also has its advantages. In addition, from the enterprise itself, it is also the cheapest White Horse shares, and about ten times earnings, so that if the dividend is the same, about 6% of the dividend rate, I Think this is a very good situation.
Reporter: In fact, we are more concerned about the Gree, but also because of its profits and revenue in 2017 have achieved a double growth of course, there is a background here is the real estate industry in 2017 is the overall sales booming, then we will be more concerned 2018 Year, Gree is not able to continue to maintain growth in this context?
But Bin: I personally think that because the air-conditioning industry is related to the real estate industry, it still lags behind and is still a product of the post-real estate era. In addition, we said that in the field of air conditioning, it may not only be China but also the whole world Such an export, because it is the world leader in the subdivision.From China's own air-conditioning changes, like Japan, the amount of every hundred households is about 261, among the urban families in China is about 160 From this point of view, if we follow the standards of developed countries, there is still much room for improvement in China, because if we can achieve a goal of two hundred and one years Of the dream, then China's per capita income from the 8100 dollars referred to 15000 or even 200 million 30000 US dollars in the field of air conditioning, as it increases its income, it will also increase the proportion of the amount of air conditioning on every 100 households will increase, so Say we have not seen the ceiling yet.
Reporter: In fact, just in the interview, director Dong has also been stressed that we should not just see Gree is a leading air conditioner, it has grown into a full product chain company, on the other hand, we will also be concerned about the In 2017, Gree also actively diversified into some layouts. How do you think this layout will affect the future of this company?
But Bin: From our own point of view, the layout of its related industries is still relatively successful, but the cross-sectoral relatively large span, such as mobile phones, such as new energy vehicles, I think it remains to be seen, pending Time for the test because the other two areas, for example, there are Huawei, even if the local enterprises do not say that Apple, like cell phones and Huawei, millet such a business impact, we think we still have to observe it.
But Bin: stock selection should focus on continuing to create wealth core assets
Reporter: In fact, when it comes to the overall market atmosphere since the beginning of 2018, so far it has continued with such an idea centered on performance and value in 2017. What changes do you think its overall strategy will face in 2018? ?
But Bin: From my personal feeling, it should be said that 2018 should still be trading around core assets, of course, this is the law of the world, is to create wealth around these companies to trade.Of course, A-share market, because it is very wide Wide and wide because of the rules of the game over the past 27 years, the culture of the deal, so it may be a little bit of a proliferation in 2018, but in general I think 2018 should still focus on this Core assets to trade.
Gree successors copy Miss Dong's miracle it?