格力电器在财报中指出，年初至报告期末，公司主营业务收入为1322亿元同比增长 2.9%，其他业务收入为 145.2 亿元同比下降 45.3%，主要系公司调整业务结构所致。对于前三季度经营活动产生的现金流量净额同比下滑67.89%，公司解释称，主要是销售商品、提供劳务收到的现金下降所致。1. Gree Electric Appliances, Inc. Of Zhuhai did not increase revenue in the first three quarters of this year, although the net income attributable to the parent company increased by 9.30% year-on-year, the growth rate slowed compared to the same period in the previous two years. 2. The company stated that from the beginning of the year to the end of the reporting period, the main business revenue increased by 2.9% year-on-year to 132.2 billion yuan, while other business revenue decreased by 45.3% year-on-year to 14.52 billion yuan, mainly due to the company adjusting its business structure.
On October 30th, Caixin reported (Reporter: Lu Tingting) that this evening, Gree Electric Appliances, Inc. Of Zhuhai (000651.SZ) released the third-quarter performance report for 2024, with no increase in revenue but an increase in net income in the first three quarters, with the net income attributable to the parent company increasing by 9.30% year-on-year. However, the growth rate has slowed down, with growth rates in the same period of 2022 and 2023 at 17% and 9.77%, respectively.
Financial data shows that Gree Electric Appliances, Inc. Of Zhuhai achieved operating revenue of 146.722 billion yuan in the first three quarters, a decrease of 5.34% year-on-year. The net income attributable to the parent company was 21.961 billion yuan, an increase of 9.30% year-on-year. In the third quarter, operating revenue was 46.939 billion yuan, a decrease of 15.84% year-on-year; the net profit attributable to shareholders of the listed company was 7.825 billion yuan, an increase of 5.47% year-on-year.
Gree Electric Appliances, Inc. Of Zhuhai pointed out in the financial report that from the beginning of the year to the end of the reporting period, the company's main business revenue increased by 2.9% year-on-year to 132.2 billion yuan, while other business revenue decreased by 45.3% year-on-year to 14.52 billion yuan, mainly due to the company adjusting its business structure. The net cash flow generated from operating activities in the first three quarters decreased by 67.89% year-on-year, attributed by the company to the decrease in cash received from selling goods and providing services.
In recent years, Gree Electric Appliances, Inc. Of Zhuhai has changed its slogan from 'Creating great air conditioners' to 'Creating great appliances,' with product lines now covering kitchen appliances, environmental appliances, and refrigeration products.
Against the background of Gree Electric Appliances, Inc. Of Zhuhai's vigorous development of the refrigeration product business line, since 2024, Chairman Dong Mingzhu has led teams to various parts of the country for the 'Leap Again' theme activities to promote the development of the refrigeration business. At the product level, second-generation heat pump washing machines, Gree Jinghong refrigerators, and the new BCD-518WIPSG series have been successively launched. The specific effects and contributions to performance are still awaiting further evaluation by the market.
Gree Electric Appliances, Inc. Of Zhuhai's channel reform progress has always been a focus. Company executives previously mentioned at the performance briefing that the company has effectively covered the entire market by entering all online platforms and strengthening the layout of network points; vigorously promoting the construction of offline digital stores, while promoting the landing of JD.com + Gree stores to expand the market size of sinking channels.
