Dong Mingzhu's general meeting of shareholders puts forward his words: I will do these four things before I retire

There are many successful women entrepreneurs in China, but the successful female entrepreneurs like Dong Mingzhu are not many. She has turned Gree into a profit, and she is hard at work. Recently, Dong Mingzhu talked about what she would do. Let’s take a look. !

Dong Mingzhu said that although she is already over sixty, she must do these four things well before she retire:

1. Continue to deepen the domestic air-conditioning industry as the leading domestic air-conditioning industry, and further extend the air-conditioning industry chain. Home air-conditioning, commercial air-conditioning, refrigeration and refrigeration equipment, heating and ventilation equipment, nuclear air-conditioning, rail transit air-conditioning and photovoltaic air-conditioning; Gree air-conditioning advantages: With stable performance, affordable price, low noise, low power consumption, and guaranteed after-sales, Gree Electric has a unique screening factory in the industry. More than 400 employees use advanced testing equipment to carry out all air-conditioning parts purchased from outside suppliers. % of the entire inspection, this is a work that does not produce any economic benefits, but it is such a stupid way to ensure that every Gree air conditioning can withstand the years of witness.

2. Advance into the field of high-end equipment manufacturing. The high-end equipment segment covers smart equipment, CNC machine tools, precision molds, robots and precision casting equipment;

3. The sub-brands of its flagship lifestyle brands, including Jinghong and Dasong, will continue to grow bigger and stronger. The lifestyle segment covers kitchen appliances, healthy appliances, environmental appliances, washing machines and refrigerators;

4. Further layout of the communications equipment industry. The communications equipment sector covers IoT devices, mobile phones, chips and big data. Currently, Gree's chip board production value is close to 5 billion a year. Next year, Gree air-conditioner will be fully autonomous.

On June 25th, Gree Electric held the 2017 Annual General Meeting of Shareholders. Dong Mingzhu responded at the meeting with no dividends and chip price declines in 2017. Dong Mingzhu said in response to no dividends. He hoped that everyone would understand why they did not pay dividends in order to make Gree. More powerful. For Gree's chip-making stock prices fell sharply, Dong Mingzhu said: 'I want to engage in chips this year, stocks will fall. Why do other people go up chip stocks, Gree chip stocks fell, because we are really doing.' ' We use a few chips for an air conditioner, and purchase 4 billion each year, which is close to 5 billion. So far, most of them are imported. They have already developed chips, and we strive to use all of our own chips for air-conditioning next year.

But now the question that is very interesting is: Can Dong Mingzhu be re-elected?

In an interview with a reporter from China Entrepreneur, a Gree executive said, 'The last government leaders felt that Gree was not good enough to control Gree. They thought that Gree could do a good job. But The thinking of the session is completely different. They are more certain of Dong Mingzhu’s ability and practice.

Therefore, the position of the largest shareholder has been relatively clear, and the second largest shareholder 'Jinghai Guarantee' is undoubtedly the 'Ting Dong School', a company formed by 10 Gree Electric regional sales companies in 2007, with strategy Investor status from the Gree Group to receive a 10% stake in Gree Electric - many people here together with Dong Mingzhu, created Gree's distribution system.

'According to the charter, the major shareholder has the right to nominate, but to vote at the general meeting. There is a certain degree of uncertainty in theory.' Liu Anqi said. Small and medium shareholders sometimes influence the development of the situation, 2012, nominated by Zhuhai SASAC Director Zhou Shaoqiang was only opposed by small and medium-sized shareholders. He only obtained 36.6% of the votes. He did not reach 50% of the total number of shares with valid voting rights at the general meeting. He therefore lost the seat of Gree Electric.

For Dong Mingzhu, the important chip of the re-elected chairman of Gree Electric is the performance, and she has already got it.

In 2016, Gree Electric achieved a rebound. The total operating income for the year was 110.113 billion yuan, up 9.50% year-on-year; the total profit was 18.531 billion yuan, up 24.29% year-on-year, and the net profit margin was 14.10%. In 2017, the performance was greatly increased. It received 148.2 billion yuan, a year-on-year increase of 36.92%; net profit of 22.4 billion yuan, an increase of 44.87% over the same period - both broke the historical record.

Dong Mingzhu at the shareholders meeting is also as aggressive as ever:

Insist on not paying dividends to make Gree more powerful;

In the next five years, Gree will use force in smart devices. In 2018, it will be a year of subversion. We must make chips, and you (investors) must sell (stocks) and we buy; Before I retire, let all Gree employees Holding shares; and Dong Mingzhu's only unsuccessful investment is the mobile phone. After Lenovo and Changhong released the so-called 'blockchain mobile phone', some media reported that Gree’s cooperation with the same media will launch a 'blockchain' mobile phone. ' At present, Gree has denied the rumors.

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Yesterday, some media reported that Yiguang Media announced at the press conference that it would cooperate with Gree to launch a Gree Security customized mobile phone in the early summer of this year. According to the PPT announced on the spot, the phone can have its own blockchain encrypted wallet, and Users can obtain NBT for synchronous billing. In response, Gree responded that the news was not related to Gree. Gree did not cooperate with third parties.

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