On the evening of April 25th, Gree Electric released its 2017 annual report. According to the report, Gree Electric Appliances achieved operating revenue of RMB 148.286 billion in 2017, an increase of 36.92% year-on-year; net profit of RMB 24.402 billion, a year-on-year increase of 44.87%, both hitting a record high. Basic earnings per share was 3.72 yuan, up 44.75% year-on-year.
But compared to the previous 'generous ', Gree has no dividend plan in 2017.
For the company's business operations, Gree Electric stated that in 2017 it will “challenge itself and control the future” as the company's annual business operation guiding ideology, layout diversification strategy, while consolidating and developing the air-conditioning industry, while continuing to smart equipment, smart home, new Energy industry extension. Adhere to independent innovation as the core, focus on standardization, information, automation, and intelligent processes, and continue to strengthen institutional development and cadre team construction, and strive to build China's manufacturing benchmarking companies to achieve both efficiency and efficiency gains.
In terms of operating income, Gree's electrical manufacturing business revenue in 2017 was 13.21 billion yuan, accounting for 89.14% of its operating revenue. Its revenue increased by 41.85% year-on-year, accounting for 3.10% of its revenue.
Among them, air-conditioning products achieved an income of 123.49 billion yuan, accounting for 83.22% of operating revenue, revenue growth of 40.10%, accounting for 1.89% increase in operating revenue, and income of 2.400 billion yuan in operating electrical appliances. At 1.55%, the revenue increased by 33.95% year-on-year, accounting for a 0.04% decrease in operating revenue as compared to the previous year. Smart equipment achieved revenue of 2.126 billion yuan, accounting for 1.43% of operating revenue, and revenue increased by 1220.27% year-on-year, accounting for operating revenue. The proportion increased by 1.28% from the previous year.
As for the top ten shareholders, compared with the first three quarters of 2017, the securities company significantly increased its 1.7% stake in the fourth quarter of 2017, and its shareholding ratio rose to 2.78%; Qianhai Life Insurance-Haley Products of the Year Reducing its holding of approximately 1% of the shares, its shareholding fell to 3.01%.