GREE Net Profit In The First Half Of 13 Billion 750 Million Yuan, An Increase Of 7.37% Over The Same Period Last Year

On August 31st, GREE electric released its mid term performance report for 2019. Data show that during the period, the company's revenue amounted to 98 billion 341 million yuan, an increase of 6.89% over the same period last year. Net profit attributable to shareholders of listed companies was 13 billion 750 million yuan, an increase of 7.37% over the same period last year, and a basic earnings per share of 2.29 yuan, representing a 7.51% increase over the same period last year.

According to the financial report, according to AVC data, in the first half of 2019, domestic retail sales of domestic air conditioners increased by 1.5% and retail sales decreased by 1.4%. According to the split, online channel sales increased by 21.3% over the same period, sales increased by 18.4% compared with the same period last year, and sales of offline outlets decreased by 9.4% compared with the same period last year, and sales volume dropped by 10.1% over the same period last year.

The media noted that GREE electric ranked 414 in the list of the world's top 500 in 2019 July, which is the first time GREE Electric has entered the list.

It is reported that among the 129 Chinese companies listed on the list of the world's top 500, GREE has the highest net asset return (ROE). Data show that GREE's 2018 attributable to shareholders of listed companies net profit of 26 billion 203 million yuan, in the return of shareholders' bonus scheme, GREE in 2018, the cumulative dividend of 12 billion 600 million.