Gree Electric Appliances Inc of Zhuhai

Gree Electric Appliances announced that from August 17 to August 18, 2026, the company repurchased a total of 500,000 shares through centralized bidding, accounting for 0.0088% of its total share capital. The highest transaction price was 40.10 yuan per share, the lowest was 39.70 yuan per share, and the total amount paid was 19.74 million yuan. In the first quarter of 2026, Gree Electric Appliances achieved revenue of 43.08 billion yuan and net profit attributable to the parent company of 6.082 billion yuan.

Gree Electric stated on an interactive platform that the company has conducted a series of applied technology research on R290 refrigerant and has launched R290 products in the European market, including portable air conditioners, household split air conditioners, and heat pump water heaters.

A number of home appliance disruptor brands are bringing core component production back in-house from external contract manufacturing, aiming to strengthen supply chain security and boost profit margins. Laifen, known for its hair dryers, has built injection molding, motor, and battery production lines at its Zhuhai super factory, achieving a component self-sufficiency rate of over 90 percent. Xiaomi put its Wuhan smart appliance factory into operation in October 2025, with a total investment exceeding 2.5 billion yuan, a peak annual capacity of 7 million units, and an air conditioner rolling off the line as fast as every 6.5 seconds. Ecovacs has formed three major supply chain segments: Tiding Battery, Tongfan Mold, and Kaihang Motor. Among them, Tiding New Energy has a total investment of about 1.2 billion yuan, plans an annual production capacity of 2 gigawatt-hours of lithium batteries, and has already achieved procurement cost optimization of over 20 percent. Midea Group's business-to-business revenue reached 122.8 billion yuan in 2025, up 17.5 percent year on year, and its Meizhi household air conditioner compressors rank first globally in sales volume and are also sold externally. Gree Electric's silicon carbide chip cumulative sales have surpassed 300 million units, with installations and shipments exceeding 2 million air conditioners, and it also provides external foundry tape-out services. An analyst from LeadLeo Research Institute pointed out that building an in-house supply chain requires balancing product differentiation, cost, and capital returns, and blindly pursuing self-sufficiency may drive up unit costs.