[Original] Gree Electric’s revenue in 2023 will return to the 200 billion yuan mark, and it is planned to send 23.80 yuan in cash for every 10 shares.

　　On the evening of April 29th, Zhuhai () Co., Ltd. (hereinafter referred to as "Gree Electric" or "Company") released its annual report for 2023. The annual report shows that the company achieved operating income of 203.979 billion yuan in 2023, a year-on-year increase of 7.93%; The net profit attributable to shareholders of listed companies was 29.017 billion yuan, a year-on-year increase of 18.41%; The net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 27.565 billion yuan, a year-on-year increase of 14.92%; The basic earnings per share is 5.22 yuan. This is the second time that Gree Electric’s revenue has returned to the 200 billion yuan mark since 2019. The company plans to distribute a cash dividend of 23.80 yuan (including tax) to all shareholders for every 10 shares.

　　▲ Screenshot of Gree Electric Announcement

　　Gree Electric Company disclosed the first quarterly report of 2024 on the same day, and achieved operating income of 36.364 billion yuan in the first quarter, up 2.56% year-on-year; The net profit of returning to the mother was 4.675 billion yuan, up 13.77% year-on-year; The basic earnings per share is 0.85 yuan.

　　According to the announcement, audited by Zhongshen Zhonghuan Certified Public Accountants (special general partnership), the company (parent company) achieved a net profit of 27,048,972,857.62 yuan in 2023, plus an undistributed profit of 52,303,785,737.73 yuan at the beginning of the year, plus a retained income of 365,946,367.10 yuan from other comprehensive income. After deducting the impact of share cancellation and share payment of 313,766,812.32 yuan and the actual cash dividend of 5,613,841,613.00 yuan in 2023, the actual distributable profit is 71,086,199,251.37 yuan.

　　Based on the operating conditions, relevant laws and regulations and the Articles of Association, the company plans to distribute cash dividends to all shareholders for every 10 shares, based on the total share capital of 5,521,943,646 shares (5,631,405,741 shares, minus 109,462,095 shares held in the company’s repurchase account) that enjoy the right to distribute profits at the time of disclosure of this profit distribution plan.

　　According to the data of Aowei Cloud, the online retail sales share of Gree brand household air conditioners in 2023 was 28.15%, ranking first; Among them, the online and offline retail sales shares of Gree brand cabinets are 30.28% and 34.43% respectively, ranking first in the industry. According to the Development Report of Central Air Conditioning Industry in China in 2023 released by I Media’s HVAC and Heat Pump, Gree achieved the first sales scale of mainstream brands in the central air conditioning industry with a market scale of over 20 billion yuan in 2023, and won the top spot in the central air conditioning market for 12 consecutive years. The market competitive advantages of high-end products such as cabinets and central air conditioners are still obvious.

　　In 2023, focusing on consumer demand, the company continued to build a series of electrical products, and gradually formed the product image of "Good Electrical Appliances Made by Gree". According to the data of Aowei Cloud, the market share of online retail sales of electric fans in 2023 was 18.07%, ranking second in the industry; The market share of online retail sales of electric heaters is 13.10%, ranking second in the industry.

　　During the reporting period, the company’s products have been sold to more than 190 countries and regions, and its overseas business has achieved operating income of 24.904 billion yuan.

　　Promoting the trade-in of home appliances will be an important point of home appliance consumption this year. Recently, Gree Electric said that it will invest 3 billion yuan to launch the "trade-in" campaign for home appliances nationwide.