Gree Electric facts for kids
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| Public | |
| Traded as | SZSE: 000651 CSI A100 |
| Industry | Home appliances |
| Founded | 1991 |
| Headquarters |
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China
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Area served
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Worldwide |
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Key people
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Dong Mingzhu (Chairwoman & President) |
| Products | Major appliances Small appliances |
| Revenue | $27.9 billion (2022) |
| $3.7 billion (2022) | |
| Total assets | $44.3 billion (2022) |
| Gree Electric Appliances Inc. of Zhuhai | |||||||
|---|---|---|---|---|---|---|---|
| Traditional Chinese | 珠海格力電器股份有限公司 | ||||||
| Simplified Chinese | 珠海格力电器股份有限公司 | ||||||
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GREE Electric Appliances Inc. of Zhuhai, known simply as GREE, is a big company from China. It makes many different home appliances. GREE is based in Zhuhai, a city in the Guangdong province.
GREE is famous for making air-conditioners. It is the world's largest maker of air conditioners for homes. They also make air conditioners for businesses. Besides air conditioners, GREE produces many other useful things for your home. These include electric fans, water dispensers, heaters, and rice cookers. They also make air purifiers, water kettles, humidifiers, and induction cookers. GREE sells its products all over China and in many other countries.
Contents
The History of GREE
GREE started a long time ago in Zhuhai, China. It was founded in 1989. Back then, it had a different name: Zhuhai City Haili Cooling Engineering Company Limited. In 1994, the company changed its name to GREE Electric Appliances Inc. of Zhuhai.
When it first started, GREE was a small factory. It had about 200 employees. Each year, it made less than 20,000 air conditioners. The company grew quickly over the years. In 1996, GREE became a public company. This meant people could buy shares of the company on the Shenzhen Stock Exchange. By 2008, GREE was much bigger. It had 70,000 employees. It was making 65.5 million air conditioners every year.
What Products Does GREE Make?
GREE is best known for its air conditioners. They make all kinds of air conditioners for homes and businesses. But GREE also makes many other small appliances for your house. These include things like electric fans, heaters, and rice cookers. They also produce air purifiers and water kettles.
Who Manages GREE?
The main leader of GREE Electric is a woman named Dong Mingzhu. People in China often call her "Sister Dong." She became the CEO (Chief Executive Officer) of GREE in 2009. She first joined the company in 1990. Dong Mingzhu also used to be the leader of GREE Group. GREE Group was the biggest owner of GREE Electric for a long time. The local government of Zhuhai owned GREE Group.
Who Owns GREE?
GREE Electric is partly owned by the Chinese government. The city of Zhuhai is a major owner. For many years, a company called GREE Group was the biggest owner. GREE Group was owned by the Zhuhai city government. In December 2019, GREE Group sold most of its shares in GREE Electric. Now, a private investment group owns a large part of the company. Other investors, including some companies and even Yale University, also own small parts of GREE.
GREE's Sponsorships
GREE also supports sports and events. In 2022, GREE Electric was a sponsor for the AFF Mitsubishi Electric Cup. This is a big soccer tournament. Other companies like Mitsubishi Electric and Mercedes-Benz also sponsored it. GREE also sponsors a Spanish soccer team called Real Betis Balompié.
