Gree Electric Appliances, Inc. of Zhuhai revenue and financials

000651 · SZSE · CNY

¥38.28+0.47%+¥0.18

Close · September 30, 2026

In the fiscal year ended December 2025, Gree Electric Appliances, Inc. of Zhuhai reported revenue of ¥170.45B (−9.89% year over year). Net income was ¥29B, a net margin of 17.0%.

Annual revenue · 2025: ¥170.45B
  1. ¥187.87B2021
  2. ¥188.99B2022
  3. ¥203.98B2023
  4. ¥189.16B2024
  5. ¥170.45B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth
−9.89%
2025 vs 2024
Net income growth
−9.89%
2025 vs 2024
Net margin
17.0%
2024: 17.0%

Financial data

Amounts in millions of CNY; per-share values in CNY; shares in millions.

ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Total assets399,137381,614391,372399,222401,189394,569368,032370,711384,556380,814368,054385,937
Current assets256,313242,451250,944259,918262,956260,682224,803223,700234,267235,259228,141273,322
Cash and equivalents128,248125,969110,553116,235122,371124,472113,900111,397119,805125,150124,105181,989
Short-term investments32,53528,44943,951—47,14915,86727,906—26,773—24,341—
Receivables30,04432,48030,60232,67444,95139,18134,57637,99240,34135,71332,53240,287
Inventory26,10725,69328,18325,34224,25427,93627,91125,33729,12334,22732,57933,583
Net property, plant and equipment35,45636,24836,39938,11439,49340,19540,85342,01541,88842,27541,43041,967
Goodwill1,3241,3241,3241,3681,3681,3681,3681,6271,4521,4521,4521,659
Other intangible assets9,6449,7439,8659,97210,14510,34510,43910,59610,59810,72710,82811,296
Long-term investments77,77533,86173,18427,74566,97315,83971,58617,47818,30625,08266,88727,015
Current liabilities238,127216,887231,570240,509251,366234,220201,125211,685228,164209,047200,983220,556
Accounts payable66,94461,59457,64865,60472,70764,30961,57059,52765,29959,87864,88869,891
Long-term debt2,1292,1793,1352,9572,9705,83718,23022,42328,11639,27139,03641,277
Total debt83,63773,67285,413—83,60883,919——————
Total liabilities246,815225,740241,581250,710261,598247,276226,518241,158263,165255,447247,408269,041
Total equity (incl. minority)152,323155,874149,791148,512139,592147,293141,514129,553121,391125,367120,646116,897
Retained earnings142,341146,272140,190138,146130,832139,080133,746123,271115,446119,127114,450106,535
Minority interest3,8143,8493,8624,0884,1964,1064,0973,2063,6283,8373,8524,530