At 2:30 pm today, Gree Electric's 2017 general meeting of shareholders was held at the headquarters of Jinji West Road in Zhuhai City.
On May 31, Gree Electric's tenth board of directors, the term of office of the board of supervisors expired. Morning media reported that Gree Electric insiders said that this meeting of shareholders should discuss candidates waiting for (chairman) issues, while the industry insiders It was revealed that Dong Mingzhu had already obtained the nomination of the director before the shareholders' meeting, and that Dong Mingzhu was re-elected (chairman of Gree Electric Appliances) with little suspense.
However, the latest news shows that the highly-respected board elections are not within the scope of this motion. The answer to whether or not Mr. Dong Mingzhu, Chairman of Gree Electric Appliances, was re-elected has not been announced at this meeting.
More than 100 hundred minority shareholders attended the meeting
Delegates of Gree Electric, Mr. Wang Jingdong, introduced that there were more than 500 individual investors and 108 institutions in the general meeting of shareholders.
At the meeting, Dong Mingzhu said that the minority shareholders holding 100 shares of Gree Electric Co., Ltd. have all come to more than 100 today. This shows that Gree Electric has received unprecedented attention.
According to Wind data, as of March 31, 2018, Gree Electric Appliances had a total of approximately 435,200 shareholders, institutional investors held approximately 325,300 shares, and held 54.5% of the shares, of which the fund held 7.65% shares and insurance shares 3.91%.
According to the quarterly report, the top ten shareholders of Gree Electric Co., Ltd. line up luxury, including the “national team” such as securities, Huijin, and social security, as well as land-links, insurance funds, and well-known investment agency Gaochun Capital. The National Social Security Fund's 001 portfolio is New.
No dividend is to make Gree stronger
At the general meeting of shareholders, Dong Mingzhu responded to Gree’s claim of no dividends in 2017. He hoped that everyone would understand why it did not pay dividends to make Gree more powerful.
On April 25, Gree released the 2017 annual report. The profit distribution plan shows that: no cash dividends, no bonus shares, no public reserve funds will be added to share capital.
The annual report shows that Gree’s revenue for 2017 was 148.29 billion yuan, an increase of 36.92% year-on-year; net profit was 22.4 billion yuan, an increase of 44.87% year-on-year; basic earnings per share was 3.72 yuan. For Gregg’s annual report, Gree’s annual report explained Is to retain funds to do smart home appliances, integrated circuits and other technology research and development and marketing.
On April 26, Gree Electric Co., Ltd.'s stock price jumped to open, falling by 9.89% to the daily limit, at 45.12 yuan. At the close of the day, Gree's stock price was 45.58 yuan, which was down 8.97%. The market value evaporated about 27 billion yuan.
The wind data shows that since its launch in 1996, Gree Electric Appliance Co., Ltd. has distributed 19 times in total, with a total dividend of 41.792 billion yuan, and a dividend rate of 40.96%. In 2016, Gree Electric Appliances distributed cash bonuses of 10.828 billion yuan.
Holding Gree stocks is better than buying LeTV stocks
At the general meeting of shareholders, Dong Mingzhu expressed the hope that investors would hold Gree stocks, but if they made a profit, it would be okay to sell them. It would be better than buying shares in LeTV.
Dong Mingzhu told the on-site shareholders that he hopes you will hold Gree stocks for a lifetime. I believe this is the best option. Others I dare not say, at least do not choose LeTV. How much does the listed company of the hype concept give you?
Regarding the issue of barbarians being remembered, Dong Mingzhu said: First, in the country, the system should be improved. Second, we have 90,000 employees. Before retiring, I want all Gree employees to hold Gree stock to solve the barbarian’s problem. problem.
6 years ago, Dong Mingzhu took the retired Zhu Jianghong and served as Chairman of Gree Electric Appliances. The annual report shows that the chairmanship of Dong Mingzhu began on May 25, 2012.
The first trading day after Dong Mingzhu took office, on May 28, 2012, Gree Electric opened the price of 7.98 yuan (before the restoration of the right price, no compensation of 21.37 yuan), and Gree's latest closing price of 47.76 yuan today. During the tenure of Dong Mingzhu, Gree's share price has turned about 6 times.
In May 2015, LeTV reached 152.7 billion at its highest market value. Today it is only 13.4 billion.
Next year, Gree air-conditioning all use their own chips
At the general meeting of shareholders, Dong Mingzhu said that if I want to engage in chips this year, stocks will fall. Why do other people go up with chip stocks? Gree loses chip stocks because it's because we are the real ones. Dong Mingzhu also said that next year the company’s air conditioners will use all of them. On your own chip.
Earlier in the conference call after the publication of the annual report, Gree Dongji secret watcher Wang Jingdong said that to increase investment in integrated circuits, the main chip of the air conditioner internal machine should be made as an industry.
In April, the strong rise in the domestic A-share chip sector, Gree's position in the chip field has been poured into a cold water, and the stock price has stopped.
There are netizen comments: High-quality companies have announced that they are making chips. The stock price has fallen below the limit. On weekdays, the company has announced that it is making chips, and the stock price has reached a daily limit. Some companies say that they have fired concepts, while high-quality companies are really planning to do so. They are very burning and uncertain. Sex, the risk is great.
In fact, as early as 2016, Gree established the microelectronics department to build its own chips. However, before the ZTE incident, Gree has not raised the chip to the point of 'industrialization'. From Dong Mingzhu At the general meeting of shareholders, Gree really wanted to make chips.
In response to a question on how the chip business will be carried out, Dong Mingzhu said that the chip has been researched for three years and it is considered a small accomplishment. However, it seems to me that it is still fur. I returned from a business trip last night. It is also a matter of chips. Doing chips can't tell you yet. But we will do it, and we will do it unrelentingly.
Private Equity Dawei but Bin Weibo Like
Private equity teacher Dan Bin commented on Weibo:
Ms. Dong Mingzhu speaks with arrogance and gives people confidence and strength. If China has a thousand entrepreneurs such as Ms. Dong Mingzhu, and there are 10,000, China will definitely be better! I have voted in favor of all the issues! I hope that Dong Ms. Pearl can be as 108 years old as Mrs. B. Of course, under the conditions allowed by the rules. Today in the Gree shareholder scene a deep feeling: In the trade war, in the context of the 'ZTE event', we should be The best company in China is confident!
