Dong Mingzhus response to Glis performance decline in the half year report

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 Dong Mingzhus response to Glis performance decline in the half year report


In the first half of the year, Gree achieved 41.333 billion yuan of air-conditioning products, accounting for 59.48% of the total revenue, down 47.89% year-on-year, and 79.325 billion yuan in the same period of last year. In response to this, Dong Mingzhu, chairman and President of Gree Electric Appliance, said in an interview earlier, I think its very good. Its because people expect too much from me. At the same time, Midea Group achieved the sales of HVAC 64 billion yuan in the first half of the year, accounting for 46.04% of the total revenue. The revenue of Midea Group surpassed gree in the first half of the year, which was 71.4 billion yuan in the same period of last year, accounting for 46.46% of the total revenue, with a year-on-year decrease of 10.37%.

Source: Wang Fengzhi, editor in charge of stock market red weekly_ NT2541