For the first time in 11 years, GREEs share price opened near the limit.

category:Society
 For the first time in 11 years, GREEs share price opened near the limit.


In the evening of April 25th, the annual report of GREE electric appliance disclosure, the companys annual revenue of 148 billion 286 million yuan in 2017, up 37%, net profit of 22 billion 402 million yuan, a year-on-year increase of 45%, the creation of a new high. With such a good performance, GREE electric announced that the company had no dividend plan in 2017. This is the first time GREE Electric has not paid dividends since 2007. It has been 11 years since the last time it did not pay dividends. Before that, in April 26, 2017, GREE electric released its 2016 annual report, saying it would pay 10 billion 828 million yuan to shareholders. That big hand dividend has gone beyond the first Moutai Guizhou, creating a new record in the company. Dong Mingzhu said at the 2017 global hard tech Innovation Conference: if someone buys GREE stock, it will be very happy, because (GREE) five years time is close to 40 billion. A good listed company is to stick to dividends for shareholders, pay taxes for the country, and create good benefits for employees. So this GREE electric disclosed its 2017 annual report, but it did not pay dividends when its net profit reached a record high. On the micro-blog and snowball net, there are netizens expressing their dissatisfaction with GREEs unpaid dividends. From the historical dividend data of GREE electric, 19 cash dividends have been carried out since 1996. Only 3 times have not been divided, which were 1996, 2007 and 2017. The cumulative bonus of cash was 41 billion 700 million yuan since the listing, and the dividend rate was 40.96%. As for the reason why this time is not red, GREE Electric is the explanation: the company is expected to expand the future in capacity expansion and diversification of capital expenditure, in order to seek long-term development of the company and long-term interests of shareholders, the company needs to do a good job of capital reserves. The companys retained funds will be used for the production base construction, the intelligent factory upgrading, and the technology research and development and market promotion of new industries such as intelligent equipment, intelligent household appliances, integrated circuits and so on. Source: twenty-first Century economic report editor: Yang Qiang _NN6027 As for why this dividend is not paid, GREE electric explains it this way: The company expects to have a larger capital expenditure in future capacity expansion and diversification. In order to seek long-term development of the company and long-term interests of shareholders, the company needs to do a good job of capital reserve. The companys retained funds will be used for the production base construction, the intelligent factory upgrading, and the technology research and development and market promotion of new industries such as intelligent equipment, intelligent household appliances, integrated circuits and so on.