G 
Gree Electric Appliances Inc of Zhuhai 000651.SZ · CNY
Consumer Discretionary · Shenzhen · 🇨🇳 China
39.07
+0.13%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥171.12bn
FY2016FY2025
Net income
CN¥29.00bn
FY2016FY2025
Free cash flow
CN¥44.67bn
FY2016FY2025
Shareholders' equity
CN¥145.93bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥171.12bn | CN¥189.16bn | CN¥203.98bn | CN¥188.99bn | CN¥187.87bn | CN¥168.20bn | CN¥198.16bn | CN¥198.12bn | CN¥148.29bn | CN¥108.30bn |
| Gross profit | CN¥51.48bn | CN¥55.53bn | CN¥57.95bn | CN¥48.61bn | CN¥45.17bn | CN¥43.87bn | CN¥54.45bn | CN¥59.72bn | CN¥48.58bn | CN¥35.42bn |
| Research and development | CN¥6.46bn | CN¥6.90bn | CN¥6.76bn | CN¥6.28bn | CN¥6.30bn | CN¥6.05bn | CN¥5.89bn | CN¥6.99bn | CN¥3.62bn | CN¥3.62bn |
| Operating income | CN¥30.85bn | CN¥36.99bn | CN¥32.86bn | CN¥27.28bn | CN¥26.68bn | CN¥26.04bn | CN¥29.61bn | CN¥31.00bn | CN¥26.13bn | CN¥17.50bn |
| Net income | CN¥29.00bn | CN¥32.18bn | CN¥29.02bn | CN¥24.51bn | CN¥23.06bn | CN¥22.18bn | CN¥24.70bn | CN¥26.20bn | CN¥22.40bn | CN¥15.46bn |
| Diluted earnings per share | 5.25 | 5.83 | 5.17 | 4.68 | 4.18 | 3.72 | 4.10 | 4.35 | 3.73 | 2.56 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥391.37bn | CN¥368.03bn | CN¥368.05bn | CN¥355.07bn | CN¥319.60bn | CN¥279.25bn | CN¥282.97bn | CN¥251.12bn | CN¥214.99bn | CN¥182.37bn |
| Cash and short-term investments | — | CN¥136.07bn | CN¥162.00bn | CN¥166.77bn | CN¥133.26bn | CN¥145.06bn | CN¥143.00bn | CN¥131.02bn | CN¥109.20bn | CN¥97.32bn |
| Total liabilities | CN¥241.58bn | CN¥226.52bn | CN¥247.41bn | CN¥253.19bn | CN¥211.67bn | CN¥162.37bn | CN¥170.92bn | CN¥158.52bn | CN¥148.13bn | CN¥127.42bn |
| Debt | — | CN¥76.49bn | CN¥91.06bn | CN¥88.11bn | CN¥83.66bn | CN¥50.74bn | CN¥47.39bn | CN¥37.07bn | CN¥30.67bn | CN¥21.86bn |
| Shareholders' equity | CN¥145.93bn | CN¥137.42bn | CN¥116.79bn | CN¥96.76bn | CN¥103.65bn | CN¥115.19bn | CN¥110.15bn | CN¥91.21bn | CN¥65.61bn | CN¥53.97bn |
| Shares outstanding | 5,522m | 5,519m | 5,614m | 5,232m | 5,516m | 5,965m | 6,020m | 6,023m | 6,008m | 6,033m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥46.38bn | CN¥29.37bn | CN¥56.40bn | CN¥28.67bn | CN¥1.89bn | CN¥19.24bn | CN¥27.89bn | CN¥26.94bn | CN¥16.36bn | CN¥14.86bn |
| Capital spending | −CN¥1.72bn | −CN¥3.30bn | −CN¥5.43bn | −CN¥6.04bn | −CN¥5.73bn | −CN¥4.53bn | −CN¥4.71bn | −CN¥3.84bn | −CN¥2.42bn | −CN¥3.28bn |
| Free cash flow | CN¥44.67bn | CN¥26.07bn | CN¥50.97bn | CN¥22.63bn | −CN¥3.83bn | CN¥14.71bn | CN¥23.18bn | CN¥23.10bn | CN¥13.93bn | CN¥11.58bn |
| Dividends paid | −CN¥18.13bn | −CN¥15.10bn | −CN¥5.61bn | −CN¥22.22bn | −CN¥16.75bn | −CN¥13.14bn | −CN¥12.63bn | −CN¥862.9m | −CN¥11.12bn | −CN¥9.18bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥46.59bn | CN¥43.08bn | CN¥33.46bn | CN¥40.03bn | CN¥55.82bn | CN¥41.51bn | CN¥42.44bn | CN¥46.94bn |
| Gross profit | CN¥14.14bn | CN¥11.89bn | CN¥11.99bn | CN¥11.45bn | CN¥16.21bn | CN¥11.36bn | CN¥11.20bn | CN¥14.31bn |
| Operating income | CN¥8.23bn | CN¥5.82bn | CN¥9.28bn | CN¥6.93bn | CN¥9.69bn | CN¥6.91bn | CN¥11.39bn | CN¥9.28bn |
| Net income | CN¥7.20bn | CN¥6.08bn | CN¥7.54bn | CN¥7.05bn | CN¥8.51bn | CN¥5.90bn | CN¥10.22bn | CN¥7.82bn |
| Diluted earnings per share | 1.30 | 1.10 | 1.37 | 1.28 | 1.54 | 1.07 | 1.85 | 1.42 |
| Cash from operations | — | — | — | CN¥17.58bn | CN¥17.33bn | CN¥11.02bn | — | CN¥7.66bn |
| Capital spending | −CN¥288.0m | −CN¥441.0m | −CN¥413.0m | −CN¥317.0m | −CN¥279.0m | −CN¥706.0m | −CN¥591.0m | −CN¥549.0m |
| Free cash flow | — | — | — | CN¥17.26bn | CN¥17.05bn | CN¥10.31bn | — | CN¥7.11bn |
| Total assets | CN¥399.14bn | CN¥381.61bn | CN¥391.37bn | CN¥399.22bn | CN¥401.19bn | CN¥394.57bn | CN¥368.03bn | CN¥370.71bn |
| Cash and short-term investments | — | — | — | CN¥145.93bn | CN¥147.89bn | CN¥140.34bn | CN¥136.07bn | CN¥130.84bn |
| Debt | CN¥2.13bn | CN¥2.18bn | CN¥3.13bn | CN¥103.71bn | CN¥60.19bn | CN¥55.46bn | CN¥57.24bn | CN¥71.00bn |
| Shareholders' equity | CN¥148.51bn | CN¥152.02bn | CN¥145.93bn | CN¥144.42bn | CN¥135.40bn | CN¥143.19bn | CN¥137.42bn | CN¥126.35bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.3% | 0.3% | 5.8% |
| Operating income | 4.2% | 3.4% | 8.6% |
| Net income | 5.8% | 5.5% | 8.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 29.7% | 28.4% | 27.3% | 28.6% |
| Operating margin | 18.8% | 17.0% | 16.3% | 16.0% |
| Net margin | 17.0% | 15.2% | 14.4% | 14.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 7.7 | 7.8 | 6.2 | 6.9 | 8.9 | 16.7 | 16.0 | 8.2 | 11.7 | 9.6 |
| Price to sales | 1.3 | 1.3 | 0.9 | 0.9 | 1.1 | 2.2 | 2.0 | 1.1 | 1.8 | 1.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 7 years. Last went ex-dividend on 27 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 2.00 | 4.00 | 2.38 | 1.00 | 4.00 | 3.00 | 2.20 | 1.50 |
- 2-for-1 split · 3 Jul 2015
- 3-for-2 split · 13 Jul 2010
- 3-for-2 split · 3 Jun 2009
- 3-for-2 split · 14 Jul 2008
- 3-for-2 split · 11 Jul 2006
- 1-to-1 reverse split · 8 Mar 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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