On December 12, 2017 CCTV Financial Forum and Chinese Listed Companies Summit were held in Beijing. “2017 CCTV Top 10 Chinese Listed Company” was released at the summit. Gree was selected into the list, standing out from over 3,000 listed companies.
Reasons for listing
Gree has topped No.1 in production and sales volume of residential air conditioners for 12 consecutive years; 32,000 patents set the foundation for core technologies.
Dong Mingzhu, Chairperson of the Board of Gree, attended the award ceremony and delivered the acceptance speech. “As for me, the prize brings me both stress and motivation, rather than excitement. Each time when I received a prize, it was an opportunity for us to grow and develop.”
As a listed company, Gree always adheres to the investment return, not from stock market, but from its self-development. Since its establishment, Gree’s dividend has exceeded 40 billion yuan. Especially in the past five years, the dividend has reached over 36 billion yuan, said Dong.
"Dividend is one of the indexes for a good listed company; the sustainable development of an enterprise is a more important index. Gree always presses ahead with the road of “self-challenging” which has supported it firmly and brought good returns to our share holders. What’s more, Gree insists on President Xi’s “Three Transformations”, which are transformations from manufacturing to creation, from speed to quality and from product to brand.”
This Summit is a national event of senior representatives from Chinese listed companies, gathering the representatives from the most excellent listed companies of China and realizing the high-end meeting of Chinese industry by relying on the authoritative publishing platform of Financial Channel. It is committed to promoting value investment, setting excellent listed companies as the benchmarking, building the communication bridge between the listed companies and investors, and creating a new coordinate for A-share value investment as well.
These listed companies bear the responsibility of supply-side structural reform as well as the expectations from hundreds of millions of investors. The selection of “CCTV Top 10 Chinese Listed Company”, taking the investors’ return as the “ruler” and setting models for value investment, has selected the top 10 excellent listed companies from more than 3,000 companies.
Since 1995, Gree has topped No. 1 in production and sales volume of air conditioners in Chinese air conditioning industry for 22 consecutive years. Moreover, Gree has topped the world for 12 consecutive years since 2005.
Now, Gree’s business has covered various fields, such as smart home, intelligent equipment, new energy technology, etc. Gree is now gradually to be a diversified international industrial group. In the future, development speed of Gree’s diversification strategy will be accelerated.