Gree Electric Appliances Inc of Zhuhai Class A

000651: XSHE (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Gree Earnings: Mixed Results for 2024, but Improving Near-Term Domestic Demand Is Positive

Jeff Zhang

Apr 28, 2025

Gree's 2024 revenue decreased by 7%, but operating profit rose by 11% on material marketing cost savings. More positively, its revenue and operating profit increased by a respective 14% and 17% year on year in the first quarter of 2025 thanks to better air conditioner sales in China.

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Gree Electric Appliances Inc of Zhuhai Class A

Gree Earnings: Mixed Results for 2024, but Improving Near-Term Domestic Demand Is Positive

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