Gree Group

Zhuhai Gree Group
Formerly
 Zhuhai Gree Group Corporation
state-owned enterprise
Industry Conglomerate
Founded
  • 28 March 1985 (1985-03-28) (predecessor)[1]
  • 15 December 1990 (1990-12-15) (as Gree Group)
Founder Zhuhai Government
Key people
 Zhou Lewei (Chairman & Party Committee Secretary)
Products
  • Real Estate
  • Electric Appliances
Services Airline (via joint venture)
Revenue Increase CN¥151.603 billion (2017)
Increase CN¥004.115 billion (2017)
Total assets Increase CN¥224.370 billion (2017)
Total equity Increase CN¥019.770 billion (2017)
Owner Zhuhai Government (100%)
Parent Zhuhai SASAC
Subsidiaries Gree Electric (18.22%)
Chinese name
Simplified Chinese 珠海格力集团有限公司
Traditional Chinese 珠海格力集團有限公司
Literal meaning Zhuhai Gree Group Limited Company
Chinese short name
Simplified Chinese 格力集团
Traditional Chinese 格力集團
Website www.gree.cn/ Edit this on Wikidata
Footnotes / references
in a consolidated financial statement, in Chinese Accounting Standards[2]

Zhuhai Gree Group Co., Ltd. is a Chinese state-owned enterprise based in Zhuhai, Guangdong Province. The enterprise was supervised by the State-owned Assets Supervision and Administration Commission (SASAC) of Zhuhai local government.

Gree Group was the parent company of publicly traded companies Gree Electric and Gree Real Estate.

History

Gree Group was an investment vehicle of Zhuhai local government, which Gree Electric and Gree Real Estate were the notable assets of the company. However, in the past, multiple managers of the company was arrested for corruption.[3][4]

The stake of Gree Real Estate that held by the group was transferred to another entity of Zhuhai Municipal People's Government in mid-2015 (along with others assets, such as a management company of Zhuhai checkpoint of Hong Kong–Zhuhai–Macau Bridge).[5] As at 31 December 2015, Gree Group owned just 18.22% stake of Gree Electric,[6] but able to control their board of directors. Gree Group and Gree Electric also shared the same chairwoman Dong Mingzhu until November 2016. She was replaced by Zhou Lewei (Chinese: 周乐伟). Zhou also became Party Committee Secretary, replacing Meng Xiangkai (Chinese: 孟祥凯).[7]

Joint ventures

former
  • Zhuhai Airlines[8]

References

  1. ↑ 珠海格力集团有限公司1985年——2003年大事记 (in Chinese). Gree Group. Retrieved 26 December 2016.
  2. ↑ "2017 nián nián dù bào gào" 2017年年度报告 [2017 Annual Report] (in Chinese). Gree Group. 27 April 2018. Retrieved 29 April 2018 – via Shanghai Clearing House.
  3. ↑ 格力集团两副总被刑拘　股价昨跌4.58个百分点. 北京娱乐信报 (in Chinese). Beijing. 19 August 2004. Retrieved 29 April 2018 – via People's Daily website.
  4. ↑ 格力集团一高管再入牢狱　格力电器仍是国企身. 第一财经日报 (in Chinese). Shanghai. 28 December 2004. Retrieved 29 April 2018 – via People's Daily website.
  5. ↑ 珠海格力集团有限公司关于出资人拟无偿划转资产及转让部分股权事项后续进展情况的公告 [News update regarding shareholder transferring some assets of our company] (in Chinese). Gree Group. 22 May 2015. Retrieved 25 December 2016 – via Shanghai Clearing House website.
  6. ↑ "2015 Nián nián dù bào gào" 2015年年度报告 [2015 Annual Report] (PDF) (in Chinese). Gree Electric. 29 April 2016. Retrieved 10 December 2016 – via Shenzhen Stock Exchange.
  7. ↑ 珠海格力集团有限公司关于董事、董事长、法定代表人及党委委员、书记变更的提示性公告 [Announcement on changes in director, chairman, legal representative, member and secretary of party committee of our company] (Press release) (in Chinese). Gree Group. 2 December 2016. Retrieved 25 December 2016 – via Shanghai Clearing House website.
  8. ↑ "Gé lì diàn qì zēng fā gǒng gù lóng tóu dì wèi" 格力电器　增发巩固龙头地位 [Gree Electric issues new shares in order to strengthen its leading role]. China Securities Journal (in Chinese). Xinhua News Agency. 5 November 2007. Retrieved 29 April 2018 – via People's Daily website.
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