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000651 CS​

Gree Electric Appliances, Inc. of Zhuhai Class A(000651 CS)

$37.23-0.200.53%(Market Closed · 07:04:42 UTC · (15 min delay))

Overview

Profile

Financials & Metrics

FinancialsChartingEmployees

Gree Electric Appliances, Inc. of Zhuhai Class A — Company Profile

Gree Electric Appliances, Inc. of Zhuhai, based in Zhuhai, China, functions as a global producer and vendor of a vast array of household and commercial appliances. The company's extensive product portfolio encompasses a broad spectrum of climate control solutions, including residential and central air conditioning units, advanced commercial VRF (Variable Refrigerant Flow) systems, industrial chillers (both screw and centrifugal types), refrigeration equipment, and heat pumps. Beyond temperature regulation, Gree supplies a diverse collection of home and kitchen appliances. This range features washing machines, air coolers, air circulation fans, air purifiers, sweeping robots, desktop water dispensers, and innovative folding baseboard heaters. For the kitchen, offerings extend to range hoods, stoves, gas water heaters, steam ovens, dishwashers, sparkling water makers, air fryers, and specialized health pots. Furthermore, Gree develops and manufactures various specialized industrial components. These include household VRF rotors, commercial AC VRF scrolls, air-cooled magnetic bearings, drive motors for air compressors, servo systems, and permanent magnet auxiliary synchronous reluctance motors. In addition to its core manufacturing, the enterprise diversifies its operations by offering financial services and producing essential electrical components such as varnished wires and capacitors. Established in 1989, the company initially operated under the name Haili Air-conditioning Engineering Co., Ltd. of Zhuhai, before adopting its current corporate identity, Gree Electric Appliances, Inc. of Zhuhai, in 1994.

Sector
Energy
Industry
Oil, Gas & Consumable Fuels
Exchange
CS
CEO
Wei Zhang
Headquarters
Zhuhai, GD, CN
IPO Date
Nov 18, 1996
Employees
71,966
Website
www.gree.com.cn

Key Metrics

Price
$38.28
Market Cap
$213.15B
Revenue (TTM)
$43.08B
Net Income (TTM)
$6.08B
EPS (TTM)
1.09
P/E (TTM)
7.30
P/B (TTM)
1.40
Dividend Yield
10.14%
ROE (TTM)
4.00%
ROA (TTM)
1.59%
Operating Margin
16.21%
Beta
-0.03

Dividends

Last Dividend
$1.00
Last Yield
0.10%

Summary

Gree Electric Appliances, Inc. of Zhuhai, based in Zhuhai, China, functions as a global producer and vendor of a vast array of household and commercial appliances. The company's extensive product portfolio encompasses a broad spectrum of climate control solutions, including residential and central air conditioning units, advanced commercial VRF (Variable Refrigerant Flow) systems, industrial chillers (both screw and centrifugal types), refrigeration equipment, and heat pumps. Beyond temperature regulation, Gree supplies a diverse collection of home and kitchen appliances. This range features washing machines, air coolers, air circulation fans, air purifiers, sweeping robots, desktop water dispensers, and innovative folding baseboard heaters. For the kitchen, offerings extend to range hoods, stoves, gas water heaters, steam ovens, dishwashers, sparkling water makers, air fryers, and specialized health pots. Furthermore, Gree develops and manufactures various specialized industrial components. These include household VRF rotors, commercial AC VRF scrolls, air-cooled magnetic bearings, drive motors for air compressors, servo systems, and permanent magnet auxiliary synchronous reluctance motors. In addition to its core manufacturing, the enterprise diversifies its operations by offering financial services and producing essential electrical components such as varnished wires and capacitors. Established in 1989, the company initially operated under the name Haili Air-conditioning Engineering Co., Ltd. of Zhuhai, before adopting its current corporate identity, Gree Electric Appliances, Inc. of Zhuhai, in 1994.

Website
www.gree.com.cn
Location
Zhuhai, GD, CN
Phone86 75 6861 4883
Employees71,966
CEOWei Zhang
Sector
Energy
Industry
Oil, Gas & Consumable Fuels
IPO DateNov 18, 1996

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Key Stats

Trading

Px/Chg 1D$38.28 / +0.47%
Prev Close$38.95
% of 52Wk H80.82%
Avg Volume49.62M
Beta-0.03
Mkt Cap213.15B
FD Mkt Cap214.66B

Float

Shrs Out/Float5.57B / 3.93B
Short Float0.00%
Days to Cover0.00
Stock Repurchased$0.00

Current Valuation

EV182.52B
EV/EBITDA4.87
EV/Sales1.06
P/B1.40
P/S1.23
FCF Yield3.45%
ROE4.00%
ROA1.59%
Current Ratio1.12

Dividend

Cash$1.00
Yield10.14%
Yield (TTM)10.14%

Estimates

P/E7.30
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgMar '23Mar '24Mar '25Mar '26Sep '26
PRICE-BASED RATIOS
Price / Earnings22.0831.407.517.7728.6735.05
Price / Sales3.684.691.071.326.374.95
Price / Book Value1.722.011.871.821.481.40
Price / Free Cash Flow195.8140.694.289.59895.5328.97
ENTERPRISE VALUE METRICS
Enterprise Value170,405.1126,238.4163,902.0198,115.6181,246.1182,523.2
Enterprise Value / Sales2.893.040.801.055.344.24
Enterprise Value / EBITDA15.5625.705.075.4016.6624.99
Enterprise Value / EBIT18.1234.406.076.2818.8524.99

Financials

Full Financials
Millions CNY5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue-2.3%187,869.0188,988.4203,979.3189,163.7171,118.2
Gross Income3.3%45,174.348,609.957,951.255,526.151,476.5
EBITDA8.8%25,625.428,599.332,304.236,676.435,903.3
EBIT8.8%21,981.023,629.327,020.931,529.630,848.7
Net Income5.9%23,063.724,506.629,017.432,184.629,003.1
EPS (Diluted)6.5%4.044.435.225.835.20
BALANCE SHEET
Cash & ST Inv2.4%133,259.5166,766.5162,001.2136,074.7146,690.0
Total Assets5.2%319,598.2355,070.8368,053.9368,031.7391,372.0
Total Liabilities3.4%211,672.7253,194.7247,407.7226,518.0241,580.7
Total Shareholder Equity8.9%103,651.796,758.7116,793.7137,416.9145,929.3
CASH FLOW
Net Operating Cash Flow122.4%1,894.428,668.456,398.429,369.346,383.1
Cap Ex-26%-5,727.1-6,036.1-5,425.7-3,299.8-1,717.3
Free Cash Flow—-3,832.722,632.350,972.726,069.544,665.8

Enterprise Value Bridge

Millions CNY23 Oct '26
Price (As of 23 Oct '26)37.12
Basic Shares5,568.28
Market Cap206,694.4
Diluted Shares5,579.96
Fully Diluted Shares Outstanding5,579.96
Fully Diluted Market Cap207,128.2
+Consolidated Debt91,489.3
−In-the-Money Convertible Debt—
+Capital Leases658.9
+Operating Leases—
−Cash & Equivalents-125,969.2
−Short-term Investments-28,449.0
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest3,849.4
+Pension Liabilities—
Enterprise Value176,064.0

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