Gree Electric Company is a Chinese multinational home appliance and electronics manufacturer. It was founded in 1991 in Zhuhai, Guangdong Province, China.
Gree Electric has grown to become one of the world's leading home appliance brands, with a presence in over 160 countries. The company's products range from air conditioners and refrigerators to washing machines and televisions.
In 2019, Gree Electric reported a revenue of over $20 billion, making it one of the largest home appliance manufacturers globally.
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Financial Performance
Gree Electric's financial performance has been impacted by a decline in revenue.
In the first half of 2025, the company saw a 3% year-on-year decline in revenue.
This was largely due to a 5% pullback in consumer appliance revenue, mostly from air conditioners.
Operating profit also took a hit, decreasing by 8% due to operating deleverage and a contraction in consumer appliance gross margin.
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Shareholders
GREE Electric is a majority state-owned enterprise, primarily by the city of Zhuhai.
As of 31 December 2015, GREE Group was the largest shareholder of GREE Electric, holding a significant stake.
Hebei Jinghai Investment Guarantee followed GREE Group as the second-largest shareholder, with an 8.91% stake.
China Securities Finance held a 2.99% stake in GREE Electric as of 31 December 2015.
Central Huijin Investment, UBS, Foresea Life Insurance, Yale University, and Hexie Health Insurance also held shares in the company, with stakes ranging from 1.40% to 0.80%.
Chairwoman Dong Mingzhu held a 0.73% stake in GREE Electric, while a private equity fund held a 0.71% stake.
In 2001, GREE Group owned a 50.289% stake in GREE Electric.
GREE Group was also the largest shareholder of GREE Real Estate (SSE: 600185) until 2015.
In December 2019, GREE Group sold most of the stake they owned in GREE Electric to a private equity fund.
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Earnings: Valuation Cut
Gree's earnings took a hit, with a 3% year-on-year decline in revenue for the first half of 2025.
This decline was largely due to a 5% pullback in consumer appliance revenue, which includes air conditioners.
Operating profit also decreased, falling by 8% amid operating deleverage and contraction in consumer appliance gross margin.
Gree's valuation was subsequently cut by 6% due to the more conservative revenue growth outlook.
Industry Insights
Gree Electric is a leading Chinese home appliance company that has been making waves in the industry.
Founded in 1991, Gree Electric has grown to become one of the world's largest air conditioner manufacturers.
With a global presence in over 160 countries, Gree Electric has established itself as a trusted brand.
Their innovative products, such as the Wi-Fi enabled air conditioner, have revolutionized the way people live and work.
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Products
GREE is a versatile company that produces a wide range of products. They make air-conditioners of all types, which is a testament to their ability to adapt to different market needs.
Their product line also includes small household appliances, which are essential for daily life. You can find everything from refrigerators to washing machines in their catalog.
Between 2015 and 2021, Gree Electric introduced several mobile phone models, marking a significant shift in their product offerings. This move suggests that they're committed to innovation and exploring new markets.
GREE's diverse product portfolio is a reflection of their forward-thinking approach to business. They're not afraid to take calculated risks and venture into new areas.
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ICT Spending & Priorities
Gree Electric Appliances Inc of Zhuhai likely spends significant amounts on technology areas, enabling them to understand their digital strategy.
IT Client Prospector provides intelligence on their likely spend across these areas.
Understanding a company's ICT spend and priorities is crucial for making informed business decisions.
Gree Electric Appliances Inc of Zhuhai's likely spend across technology areas can be analyzed using IT Client Prospector.
This intelligence enables businesses to understand the digital strategy of companies like Gree Electric Appliances Inc of Zhuhai.
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Sponsorships and Partnerships
GREE Electric has formed partnerships with notable organizations, including Mitsubishi Electric, Maspion Holdings, Wuling Motors, Mercedes-Benz, Tiger Brokers, and Yanmar, as part of the AFF Mitsubishi Electric Cup 2022.
Real Betis Balompié, a football club known as Real Betis, has GREE Electric as one of its sponsors.
GREE Electric's involvement in the AFF Mitsubishi Electric Cup 2022 highlights its commitment to supporting major events and initiatives.
Real Betis Balompié benefits from GREE Electric's sponsorship, which demonstrates the company's investment in sports and community development.
GREE Electric's partnerships with these organizations showcase its ability to collaborate with leading brands and contribute to significant events.
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Frequently Asked Questions
Who owns Gree Electric?
Gree Electric is primarily owned by the city of Zhuhai, with a majority state ownership. It is a state-owned enterprise.
What brands are made by Gree?
Gree Industrial Products encompasses a range of brands, including Lingda, Kaibang, Singapore Electronics, and more. These brands produce core industrial components for Gree Electric Appliances.
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