Gree Electric Appliances
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Gree Reports ¥97.325 Billion Revenue in H1, Down 2.46%; Net Profit Reaches ¥14.412 Billion
Gree Electric Appliances reported a slight revenue decrease of 2.46% to ¥97.325 billion in its 2025 H1 report, while net profit rose 1.95% to ¥14.412 billion. The company will not distribute dividends. Livestreaming e-commerce generated over ¥5 billion in sales, contributing to consumer engagement. Gree also highlighted its extensive online and offline sales network. Recently, Gree and Xiaomi engaged in a public dispute over air conditioner sales rankings, underscoring market competition.
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Dongyang Zhu Grants High-Temperature Allowance to Air Conditioner Installers, Adding ¥20 Per Unit
Gree Electric Appliances sees a surge in demand for air conditioning due to rising temperatures. The company, expanding its retail footprint with 656 “Dong Mingzhu Health Home” stores, also announced a 20 yuan per unit pay increase for its installation technicians. This move, echoing a similar initiative in 2016, aims to ensure customer satisfaction and value the crucial role of installers during peak season.
