A few days ago, Gree Electric Chairman Dong Mingzhu announced that Gree did not make any dividends this year. Shareholders were uproared. This was Gree's first announcement of no dividends in 11 years, and Gree announced high-profile announcements of chips. Recently CCTV reporters conducted an interview with Dong Mingzhu on these topics. Interview.
Dong Mingzhu said that even if there is no dividend this year, Gree’s average dividend rate will reach 44%. To achieve long-term sustainable development, Gree must master core technologies.
The core technology that Dong Mingzhu said is the chip. Gree has also been questioned about investing in research and development of chips.
In response to this, Dong Mingzhu said: I don’t need the country to give me money. I’ll invest in it myself. I have to study the chip successfully. It’s only a matter of time. I did not affect the development of my company by investing in chip research. I’m putting chips in. It did not affect my profits. I would in turn ask if if I did 150 billion today, my profit would be only 5%. Do you blame me? I have a profit of 700 million, and I now make 15%. If I don't have this profit, can you blame me? In the home appliance industry, my maximum profit is 7%. I (Gree Electric) 15%. I am just like other people. , then I take a 7%, I put up more than 10 billion R & D, nothing can not be.
Then Dong Mingzhu looked into the input costs and prospects of chip R&D: I invested 10 billion yuan this year, invested 10 billion next year, invested 30 billion three years, and even invested 50 billion three years later. I have no reason to fail. When we really We can master the chip, and we can put high-end chips. If we can get down that day, we can serve the world.
At the end of last month, Gree disclosed its annual report showing that the company's 2017 revenue was 148.2 billion, an increase of 37% year-on-year, and net profit was 22.402 billion, a year-on-year increase of 45%, setting a record high.