Gree Electric Appliances, Inc. of Zhuhai Overview
Pro stress-test →Gree is the world's largest air-conditioner manufacturer, producing and selling a comprehensive range of air-conditioning units and home appliances across China and internationally. Air conditioners represent over 70% of the company's earnings, while it also manufactures home appliances such as air purifiers, fans, kitchen appliances, refrigerators, washing machines, and industrial products including chillers and commercial HVAC units.
Strategic Profile
Pro stress-test →Gree generates over 80% of sales domestically and is backed by China's Zhuhai local government. The company maintains a dominant market position in China's HVAC sector while pursuing diversification into adjacent categories and emerging technologies. With a market cap of approximately CNY 216B and strong dividend yields, Gree benefits from established brand recognition and domestic market dominance.
Competitive Landscape
Pro stress-test →Gree competes with Midea Group (CNY 604.5B market cap) and Haier Smart Home (CNY 244.5B market cap) in the Chinese home appliances sector. While Gree is the largest AC manufacturer, competitors offer broader product portfolios and more developed international operations, though Gree maintains superior market share in its core AC category.
Industry Context
Gree Electric Appliances, Inc. of Zhuhai operates in Furnishings, Fixtures & Appliances / HVAC Manufacturing.
Key facts
Founded: 1989 · Headquarters: Zhuhai, China · Employees: 72,808 · Revenue: $25B · Market cap: CNY 216B