Home appliance leader's performance growth slowed in the first three quarters


On the evening of October 30, Gree Electric, Midea Group, Qingdao Haier, Hisense Electric and other home appliance giants announced their third-quarter results. Due to the overall weakness of the industry, the overall growth rate of the home appliance sector slowed down, but Gree’s performance increased. The speed still maintains a high level. In addition, the securities company has made significant reductions in the first three companies, only to increase the holdings of Hisense Electric, which has experienced a decline in performance.

In the first three quarters, Gree Electric achieved a revenue of 148.689 billion yuan, a year-on-year increase of 34.11%; net profit attributable to shareholders of listed companies was 21.118 billion yuan, an increase of 36.59%.

Midea Group achieved revenue of 205.575 billion yuan in the first three quarters, up 10.06% year-on-year; net profit attributable to shareholders of listed companies was 17.9 billion yuan, up 19.35% year-on-year. Qingdao Haier achieved revenue of 138.139 billion yuan in the first three quarters, up 12.77% year-on-year. %; net profit attributable to shareholders of listed companies was 6.127 billion yuan, an increase of 9.35%.

Hisense Electric achieved revenue of 23.746 billion yuan in the first three quarters, up 3.77% year-on-year; net profit attributable to shareholders of listed companies was 600 million yuan, down 39.26% year-on-year.

The securities company's adjustment trend also attracted market attention. The securities company reduced the holding of Gree Electric's 51.529 million shares, and its shareholding fell to 2.99%. The securities company reduced the holding of the US group of 73.289 million shares, and its shareholding fell to 2.98%. The company reduced its holding of Qingdao Haier by 116 million shares, and its shareholding fell to 2.99%. The securities company increased its holding of 4,689,800 shares of Hisense Electric, and its shareholding rose to 3.26%.