000651.SHE Gree Electric Appliances Inc of Zhuhai
- Market cap
- CNY 217B
- P/E
- 8.7x
- P/B
- 1.43x
- ROE
- 15.3%
- Dividend yield
- 8.37%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 000651.SHE undervalued?
Graham number000651.SHE trades 25.4% below its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Gree Electric Appliances Inc of Zhuhai fundamental analysis
No fundamental analysis for Gree Electric Appliances Inc of Zhuhai yet.
Gree Electric Appliances Inc of Zhuhai stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Gree Electric Appliances Inc of Zhuhai
Gree Electric Appliances, Inc. of Zhuhai, together with its subsidiaries, engages in the production and sale of consumer electrical appliances and accessories in China and internationally. It operates through four segments: Consumer Electronics; Industrial Products and Green Energy; Smart Equipment; and Other Businesses. The company offers residential air conditioners; home appliances, including air purifiers, humidifiers, air coolers, electric heaters, fans, kitchen applian…
Full company profileGree Electric Appliances Inc of Zhuhai financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Gree Electric Appliances Inc of Zhuhai annual financial statements (CNY; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 108B | 148B | 198B | 198B | 168B | 188B | 189B | 204B | 189B | 171B | 169B |
| Gross Profit | 35.4B | 48.6B | 59.7B | 54.5B | 43.9B | 45.2B | 48.6B | 58.0B | 55.5B | 51.5B | 46.1B |
| Operating Income | 17.5B | 26.1B | 31.0B | 29.6B | 26.0B | 26.7B | 27.3B | 32.9B | 37.0B | 30.8B | 24.0B |
| EBITDA | 13.8B | 26.2B | 30.7B | 28.0B | 23.8B | 25.6B | 28.6B | 32.3B | 36.7B | 41.7B | 29.3B |
| Net Income | 15.5B | 22.4B | 26.2B | 24.7B | 22.2B | 23.1B | 24.5B | 29.0B | 32.2B | 29.0B | 23.0B |
| EPS | 2.57 | 3.72 | 4.36 | 4.11 | 3.71 | 4.04 | 4.46 | 5.22 | 5.83 | 5.18 | 4.11 |
| Balance Sheet | |||||||||||
| Total Assets | 182B | 215B | 251B | 283B | 279B | 320B | 355B | 368B | 368B | 391B | 388B |
| Total Liabilities | 127B | 148B | 159B | 171B | 162B | 212B | 253B | 247B | 227B | 242B | 234B |
| Shareholders' Equity | 54.0B | 65.6B | 91.2B | 110B | 115B | 104B | 96.8B | 117B | 137B | 146B | 150B |
| Cash & Short-term Investments | 97.3B | 109B | 131B | 143B | 145B | 133B | 167B | 162B | 136B | 111B | 118B |
| Total Debt | 10.7B | 18.6B | 22.2B | 19.1B | 22.9B | 37.6B | 83.8B | 66.2B | 58.0B | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 14.9B | 16.4B | 26.9B | 27.9B | 19.2B | 1.89B | 28.7B | 56.4B | 29.4B | 46.4B | - |
| Capital Expenditure | 3.28B | 2.42B | 3.84B | 4.71B | 4.53B | 5.73B | 6.04B | 5.43B | 3.30B | 1.72B | 1.44B |
| Free Cash Flow | 11.6B | 13.9B | 23.1B | 23.2B | 14.7B | -3.83B | 22.6B | 51.0B | 26.1B | 44.7B | 30.6B |
| Ratios | |||||||||||
| ROE | 28.7% | 34.1% | 28.7% | 22.4% | 19.3% | 22.3% | 25.3% | 24.8% | 23.4% | 19.9% | 15.3% |
| ROA | 8.5% | 10.4% | 10.4% | 8.7% | 7.9% | 7.2% | 6.9% | 7.9% | 8.7% | 7.4% | 5.9% |
| Net Profit Margin | 14.3% | 15.1% | 13.2% | 12.5% | 13.2% | 12.3% | 13.0% | 14.2% | 17.0% | 16.9% | 13.7% |
| Debt to Equity | 0.20x | 0.28x | 0.24x | 0.17x | 0.20x | 0.36x | 0.87x | 0.57x | 0.42x | - | - |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
Gree Electric Appliances Inc of Zhuhai dividends
- Dividend yield
- 8.37%
- Forward dividend
- 3.00 CNY
- Payout ratio
- 62.5%
- Ex-dividend date
- Aug 27, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 18.1B | 3.24 | 62.5% |
| 2024 | CNY 15.1B | 2.73 | 46.9% |
| 2023 | CNY 5.61B | 1.01 | 19.3% |
| 2022 | CNY 22.2B | 4.05 | 90.7% |
| 2021 | CNY 16.8B | 2.93 | 72.6% |
| 2020 | CNY 13.1B | 2.20 | 59.3% |
| 2019 | CNY 12.6B | 2.10 | 51.2% |
| 2018 | CNY 863M | 0.14 | 3.3% |
| 2017 | CNY 11.1B | 1.85 | 49.6% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 20:10 on Jul 3, 2015.
Who owns Gree Electric Appliances Inc of Zhuhai
- Insiders 14.19%
- Institutions 26.35%
- Public & others 59.46%
- Shares outstanding 5.60B
- Free float 3.93B
Gree Electric Appliances Inc of Zhuhai company profile
- Company name
- Gree Electric Appliances Inc of Zhuhai
- Ticker
- 000651.SHE
- ISIN
- CNE0000001D4
- Exchange
- Shenzhen Stock Exchange
- Listed since
- Oct 30, 1996
- Sector
- Consumer Cyclical
- Industry
- Household Durables
- Employees
- 71,966
- Fiscal year end
- December
- Address
- No. 108, Huitong Third Road, Zhuhai, China, 519031
- Phone
- 86 75 6861 4883
- Website
- gree.com.cn
About Gree Electric Appliances Inc of Zhuhai
Gree Electric Appliances, Inc. of Zhuhai, together with its subsidiaries, engages in the production and sale of consumer electrical appliances and accessories in China and internationally. It operates through four segments: Consumer Electronics; Industrial Products and Green Energy; Smart Equipment; and Other Businesses. The company offers residential air conditioners; home appliances, including air purifiers, humidifiers, air coolers, electric heaters, fans, kitchen appliances, personal care equipment, refrigerators, and washing machines; and optical storage air conditioning system. It also provides industrial products, such as screw, scroll, and centrifugal chillers, as well as multi-VRF, light commercial equipment, terminals, and packaged units. In addition, the company is involved in finance; information technology research and development; transportation; wholesale and retail trade; medical devices; agriculture; real estate; electrical machinery and equipment manufacturing; and technology promotion and application services. It exports its products. The company was formerly known as Haili Air-conditioning Engineering Co., Ltd. of Zhuhai and changed its name to Gree Electric Appliances, Inc. of Zhuhai in January 1994. Gree Electric Appliances, Inc. of Zhuhai was founded in 1989 and is headquartered in Zhuhai, China.
Gree Electric Appliances Inc of Zhuhai management
10- Mr. Wei ZhangPresident & Director · born 1977
- Mr. Jianxiong LiaoCFO & Assistant to the President · born 1974
- Mr. Lizhi ShuVP & Director · born 1970
- Mr. Xiangjian FangExecutive Vice President · born 1978
- Mr. Zhouhu ZhangBoard Secretary · born 1984
- Mr. Hua LiuVice President · born 1977
- Mr. Kai WangVice President · born 1980
- Mr. Shao Bin LiVice President · born 1977
- Mr. Yu Sheng HuVice President · born 1978
- Ms. Yanzi LiuHead of Accounting Department