On April 27, Gree Electric announced its financial results for 2024. The company reported an annual revenue of RMB 189.164 billion, representing a year-on-year decline of 7.26%. However, net profit attributable to shareholders of the listed company reached RMB 32.185 billion, marking a 10.91% year-on-year increase. Basic earnings per share stood at RMB 5.83, up 11.69% year-on-year.
In the first quarter of 2025, Gree achieved total revenue of RMB 41.639 billion, an increase of 13.78% compared to the same period last year. Total profit reached RMB 6.91 billion, up 29.93% year-on-year, while net profit attributable to shareholders was RMB 5.904 billion, reflecting a 26.29% year-on-year increase.