Chairman of Dong Mingzhu Hiti New Company: Founded by 5 enterprises jointly by Gree

category:Finance
 Chairman of Dong Mingzhu Hiti New Company: Founded by 5 enterprises jointly by Gree


According to Tian Eye Check data, Gree Electric Co., Ltd. has jointly invested in the establishment of the National Creative Energy Internet Innovation Center (Guangdong) Co., Ltd. with registered capital of RMB 100 million and Dong Mingzhu as chairman of the board of directors, in conjunction with five enterprises such as Zhuzhou Zhongche and Yinlong New Energy. At present, among the six major shareholders of the company, Zhuhai Gree Electric Appliance Co., Ltd. is the major shareholder, with a share-holding ratio of 75%, Zhuzhou Zhongche Times Electric Co., Ltd. 8%, and Yinlong New Energy Co., Ltd. 2%.

It is understood that the company is the Guangdong Provincial Local Energy Internet Innovation Center, in order to solve the common key technologies of local energy Internet, and provide important support for the development of the industry. Industry and Commerce Information shows that the new companys business scope includes: energy routers in the field of local energy Internet, photovoltaic DC equipment and new energy equipment, measurement and testing related components, equipment and product development, trial production and sales.

In addition, Tian Eye Check shows that currently there are 68 companies under Dong Mingzhus name, serving as legal representatives of 12 companies such as Zhuhai Gree Electrical Appliances Co., Ltd. and 2 Shareholders of Yinlong New Energy Co., Ltd. and Zhuhai Hima Mingzhu New Media Co., Ltd., the former holding 17.46% and the latter holding 42%.

Sky Eye Screening

Since 2018, Dong Mingzhu has cleaned the original management of Yinlong in Zhuhai, and eventually succeeded in controlling Yinlong in Zhuhai. Wei Yincang lost the United States. However, as Dong Mingzhus influence on Yinlong in Zhuhai grows stronger and stronger, the related transactions between Gree Electric Appliances and Yinlong in Zhuhai become closer and closer.

According to the 2008 financial report of Gree Electric Appliances, the total related transactions between Gree Electric Appliances and Yinlong, Zhuhai, amounted to 2.927 billion yuan. Among them, 272 million yuan is for Gree Electric to purchase new energy vehicles and energy storage equipment from Yinlong, Zhuhai; 265 million yuan is for Gree Electric to Yinlong sales of products and commodities, mainly for intelligent equipment and bus air conditioning. According to Gree Electric, in fiscal year 2019, it is estimated that the total amount of daily related transactions between Gree Electric and its subsidiaries, such as sales and purchasing products, will not exceed 2.7 billion yuan, accounting for 2.91% of the companys audited net assets in the latest period.

Source of this article: Sino-Singapore Editor-in-Charge of Longitudinal and Weft: Yang Bin_NF4368