Our reporter Jia Li
On the afternoon of June 7, Gree Electric held its 2021 Annual General Meeting of Shareholders. Dong Mingzhu, Chairman and President of Gree Electric, appeared and communicated with investors on the spot.When talking about Gree mobile phones, Dong Mingzhu said: We do (Gree mobile phones) no worse than Apple.
Last month, Dong Mingzhu just revealed the current situation of Gree mobile phones to the outside world.She said that Gree mobile phones are still being made and have not stopped.In the face of market doubts, Dong Mingzhu said bluntly: "Gree has the ability to support this research and development project."
Gree Electric officially announced its entry into the mobile phone industry seven years ago. At that time, Dong Mingzhu said that the sales of the first-generation Gree mobile phone were around tens of thousands.She also boasted: "Gree is going to make a mobile phone, and the sales will reach 100 million (yuan) in minutes." In the past 7 years, Gree mobile phones have been updated for three generations, but the specific sales have not been announced.In 2020, Gree mobile phone changed its name to Dasong mobile phone. Since then, it has specialized in 5G models and has successively launched G5 and G7 models.
In May of this year, Dong Mingzhu said to the public that Gree mobile phone is still developing and has not stopped the mobile phone manufacturing industry chain.Gree's mobile phone business is not simply to seize the mobile phone market, but to make plans based on its own home appliance business.She believes that Gree "will pay off if you stick to it."
Judging from the sales data on the official website of Gree Mall, since the launch of the Gree mobile phone G7 last year, the cumulative sales volume of each version is 7,628 units, which is still far from the sales of Apple's iPhone in 2021 of 239 million units.But in terms of quality, Dong Mingzhu is full of confidence, saying, "We are no worse than Apple in Gree mobile phones."
At this shareholders meeting, Hillhouse Capital, the largest shareholder of Gree Electric, also attracted much attention from investors.
In December 2019, Zhuhai Mingjun, a subsidiary of Hillhouse Capital, spent 41.8 billion yuan to buy 902 million shares of Gree Electric Appliances at a price of 46.17 yuan per share, becoming its largest shareholder.As of June 7 this year, Gree's stock price closed at 31.92 yuan, and the market value of Zhuhai Mingjun's holdings had already lost 12.85 billion yuan. If it is included in the shareholding of HHLR, the fund manager of Hillhouse Capital, the floating loss has reached 13.2 billion yuan. Yuan.
Recently, Hillhouse Capital reported the news of "layoffs".In this regard, Hillhouse Capital insiders once responded that Hillhouse has not laid off staff, let alone "large-scale layoffs."
In this regard, Dong Mingzhu also actively stated at the shareholders' meeting that: Regarding Hillhouse Capital, it is absolutely safe, and investors do not need to have any doubts.
Dong Mingzhu also revealed that Gree insists on not laying off staff and will recruit another 3,000 to 5,000 college graduates this year to help college graduates find employment.
"The current slowdown in market demand and rising raw material costs have put home appliance companies generally under pressure on performance, and Gree Electric Appliances is no exception. At this shareholders' meeting, Dong Mingzhu conveyed confidence to the outside world from the business, capital market, shareholders and other levels. This year The market environment is still complex and changeable, how to 'untie' the air conditioner as soon as possible and stabilize its performance will bring huge challenges to Gree Electric and Dong Mingzhu." Zhang Jianfeng, executive deputy secretary-general of China Household Appliances Business Association, accepted a reporter from "Securities Daily" said in an interview.
