Financial Performance - The company's operating revenue for the first half of 2018 was CNY 90.98 billion, representing a 31.50% increase compared to CNY 69.18 billion in the same period last year[17]. - The net profit attributable to shareholders was CNY 12.81 billion, up 35.48% from CNY 9.45 billion year-on-year[17]. - The net profit after deducting non-recurring gains and losses reached CNY 12.63 billion, reflecting a 40.30% increase from CNY 9.00 billion in the previous year[17]. - The net cash flow from operating activities was CNY 8.94 billion, a significant increase of 145.77% compared to CNY 3.64 billion in the same period last year[17]. - The total assets at the end of the reporting period amounted to CNY 219.07 billion, a 1.91% increase from CNY 214.97 billion at the end of the previous year[17]. - The net assets attributable to shareholders increased by 19.40% to CNY 78.32 billion from CNY 65.60 billion at the end of the previous year[17]. - The basic earnings per share were CNY 2.13, up 35.67% from CNY 1.57 in the same period last year[17]. - In the first half of 2018, the company achieved total revenue of 92.005 billion yuan, a year-on-year increase of 31.40%[32]. - The net profit attributable to shareholders reached 12.806 billion yuan, up 35.48% compared to the same period last year[32]. - The company reported a significant increase in cash and cash equivalents, which rose by 175.92% to ¥14.38 billion from ¥5.21 billion[41]. Market Position and Strategy - Gree Electric has maintained its leadership in the domestic market for home air conditioners for 23 consecutive years and has led the global market for 13 consecutive years, with a global market share of 21.90% as of 2017[25]. - The company aims to provide globally leading, high-quality HVAC and home appliance products, with its self-owned brand products exported to over 160 countries and regions, serving more than 400 million users[25]. - The company maintained a global market share of 21.90% in the home air conditioning sector, leading the industry by a margin of 7 percentage points[33]. - The market share of the company's central air conditioning products increased to 17.03%, up 1.61 percentage points from 15.42% in 2017[34]. - The company plans to enhance its market expansion strategies and invest in new product development in the upcoming quarters[150]. - The company aims to improve its operational efficiency through technological advancements and innovation in product offerings[150]. Research and Development - The company ranked seventh in the number of invention patents granted in China, with 787 patents in the first half of 2018, being the only home appliance company in the top ten[35]. - The company has developed 24 internationally leading technologies, showcasing its strong research and development capabilities[36]. - The company is advancing into the air conditioning chip design field to reduce reliance on imports, with a significant increase in chip demand expected[39]. - The company successfully developed and delivered its first fiber laser cutting machine, marking a significant achievement in the intelligent equipment sector[37]. Environmental Responsibility - Gree Electric Appliances reported a total COD emissions of 3 tons for the first half of the year, with a concentration of 24 mg/L, adhering to the water pollution discharge standards[84]. - The company emitted 0.135 tons of nitrogen oxides in the first half of the year, with a concentration of 1.1 mg/m³, complying with the air pollution discharge limits[84]. - Gree's total sulfur dioxide emissions were recorded at 0.001 tons for the first half of the year, with a concentration of 0.008 mg/m³, meeting the required standards[84]. - The company has implemented various pollution control measures across its facilities, reflecting its commitment to environmental responsibility[84]. - Gree Electric Appliances is classified as a key pollutant discharge unit by environmental authorities, highlighting its significant environmental impact[84]. - The company is actively working on improving its emissions standards and reducing its environmental footprint through ongoing assessments and upgrades[84]. Financial Management - Operating costs increased by 35.19% to ¥63.66 billion from ¥47.09 billion, resulting in a gross margin decrease in the manufacturing sector to 33.61% from 38.18%[42]. - The company’s net profit tax expense increased by 43.62% to ¥2.42 billion from ¥1.68 billion[41]. - The company’s short-term borrowings increased to ¥19.68 billion, representing 8.98% of total assets, up from 8.67%[43]. - The inventory level decreased to ¥13.12 billion, accounting for 5.99% of total assets, down from 7.71%[43]. - The company has established internal control measures to manage risks associated with derivative investments, including market, liquidity, credit, and operational risks[50]. - The company has implemented hedging strategies to mitigate risks associated with raw material price fluctuations and foreign exchange rate volatility[50]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 459,959[104]. - The largest shareholder, Zhuhai Gree Group Co., Ltd., holds 18.22% of the shares, totaling 1,096,255,624 shares[104]. - Gree Electric Appliances plans to distribute a cash dividend of 6 CNY per 10 shares, totaling 3,609,438,526.80 CNY, which represents 100% of the profit distribution[59]. Corporate Governance - The company did not undergo any changes in its controlling shareholder or actual controller during the reporting period[107]. - There were no priority shares issued by the company during the reporting period[110]. - The company has not initiated any targeted poverty alleviation work during the reporting period and has no subsequent plans[96]. - The company has established emergency response plans for sudden environmental incidents to ensure efficient handling and minimize losses[94]. Accounting and Compliance - The financial statements are prepared based on the "Enterprise Accounting Standards" and comply with the disclosure requirements of the China Securities Regulatory Commission[168]. - The company has assessed macroeconomic policy risks and market operational risks, concluding that there are no significant factors affecting its ability to continue as a going concern[167]. - The company follows specific accounting policies for revenue recognition based on its operational characteristics[169].

珠海格力电器股份有限公司 2017 年年度报告全文 珠海格力电器股份有限公司 2017 年年度报告 2018 年 4 月 1 珠海格力电器股份有限公司 2017 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 公司负责人董明珠、主管会计工作负责人望靖东及会计机构负责人(会计主 管人员)廖建雄声明：保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次年报的董事会会议。 公司经本次董事会审议通过的利润分配预案为：不派发现金红利，不送红 股，不以公积金转增股本。 2 | 第一节 重要提示、目录和释义 2 | | --- | | 第二节 公司简介和主要财务指标 5 | | 第三节 公司业务概要 9 | | 第四节 经营情况讨论与分析 12 | | 第五节 重要事项 29 | | 第六节 股份变动及股东情况 39 | | 第七节 优先股相关情况 44 | | 第八节 董事、监事、高级管理人员和员工情况 45 | | 第九节 公司治理 59 | | 第十节 ...

珠海格力电器股份有限公司 2017 年年度报告全文 珠海格力电器股份有限公司 2017 年年度报告 2018 年 4 月 1 珠海格力电器股份有限公司 2017 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 公司负责人董明珠、主管会计工作负责人望靖东及会计机构负责人(会计主 管人员)廖建雄声明：保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次年报的董事会会议。 公司经本次董事会审议通过的利润分配预案为：不派发现金红利，不送红 股，不以公积金转增股本。 2 | 第一节 重要提示、目录和释义 2 | | --- | | 第二节 公司简介和主要财务指标 5 | | 第三节 公司业务概要 9 | | 第四节 经营情况讨论与分析 12 | | 第五节 重要事项 29 | | 第六节 股份变动及股东情况 37 | | 第七节 优先股相关情况 42 | | 第八节 董事、监事、高级管理人员和员工情况 43 | | 第九节 公司治理 57 | | 第十节 ...

珠海格力电器股份有限公司 2018 年第一季度报告正文 所有董事均已出席了审议本次季报的董事会会议。 公司负责人董明珠、主管会计工作负责人望靖东及会计机构负责人(会计主 管人员)廖建雄声明：保证季度报告中财务报表的真实、准确、完整。 2 珠海格力电器股份有限公司 2018 年第一季度报告正文 证券代码：000651 证券简称：格力电器 公告编号：2018-012 珠海格力电器股份有限公司 2018 年第一季度报告正文 1 珠海格力电器股份有限公司 2018 年第一季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | | --- | --- | --- | --- | --- | | 营业收入（元） | 39,561,581,992.89 | 29,681,504,457.41 | | 33.29% | | ...

公司负责人董明珠、主管会计工作负责人望靖东及会计机构负责人(会计主 管人员)廖建雄声明：保证季度报告中财务报表的真实、准确、完整。 珠海格力电器股份有限公司 2017 年第三季度报告正文 证券代码：000651 证券简称：格力电器 公告编号：2017-34 珠海格力电器股份有限公司 2017 年第三季度报告正文 1 珠海格力电器股份有限公司 2017 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 2 珠海格力电器股份有限公司 2017 年第三季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增 | | --- | --- | --- | --- | --- | | | | | | 减 | | 总资产（元） | 220,723,782,752.19 | 182,369,705,049.35 ...

珠海格力电器股份有限公司 2017 年半年度报告全文 珠海格力电器股份有限公司 2017 年半年度报告 2017 年 08 月 1 珠海格力电器股份有限公司 2017 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 公司负责人董明珠、主管会计工作负责人望靖东及会计机构负责人(会计主 管人员)廖建雄声明：保证本半年度报告中财务报告的真实、准确、完整。 | 释义项 | 指 | 释义内容 | | --- | --- | --- | | 公司、本公司、本企业、格力电器或格力 | 指 | 珠海格力电器股份有限公司 | | 格力集团 | 指 | 珠海格力集团有限公司 | | 财务公司 | 指 | 珠海格力集团财务有限责任公司 | | 京海担保 | 指 | 河北京海担保投资有限公司 | | 中国证监会 | 指 | 中国证券监督管理委员会 | | 广东证监局 | 指 | 中国证券监督管理委员会广东监管局 | | 报告期 | 指 | 2017 年 1 月 1 日至 2017 ...

珠海格力电器股份有限公司 2017 年第一季度报告正文 证券代码：000651 证券简称：格力电器 公告编号：2017-017 珠海格力电器股份有限公司 2017 年第一季度报告正文 1 珠海格力电器股份有限公司 2017 年第一季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人董明珠、主管会计工作负责人望靖东及会计机构负责人(会计主 管人员)廖建雄声明：保证季度报告中财务报表的真实、准确、完整。 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 29,681,504,457.41 | 24,640,675,696.66 | 20.46% | | 归属于上市公司股东的净利润（元） | 4,014,536,499.66 | 3,159,816,132.99 | 27.05% | | 归属于上市公司股东的扣除非经常性损 ...

Financial Performance - The total operating revenue for 2016 was CNY 108.30 billion, representing a 10.80% increase compared to CNY 97.75 billion in 2015[17]. - The net profit attributable to shareholders for 2016 was CNY 15.42 billion, an increase of 23.05% from CNY 12.53 billion in 2015[17]. - The net profit after deducting non-recurring gains and losses was CNY 15.60 billion, up 26.69% from CNY 12.31 billion in 2015[17]. - The basic earnings per share for 2016 was CNY 2.56, a 23.08% increase from CNY 2.08 in 2015[17]. - The total assets at the end of 2016 were CNY 182.37 billion, a 12.78% increase from CNY 161.70 billion at the end of 2015[17]. - The net assets attributable to shareholders at the end of 2016 were CNY 53.86 billion, up 13.35% from CNY 47.52 billion at the end of 2015[17]. - The net cash flow from operating activities for 2016 was CNY 14.86 billion, a decrease of 66.52% from CNY 44.38 billion in 2015[17]. - The weighted average return on equity for 2016 was 30.41%, an increase of 3.10% from 27.31% in 2015[17]. - The company plans to distribute a cash dividend of CNY 18 per 10 shares, based on a total of 6,015,730,878 shares[5]. Market Position - Gree's home air conditioner market share reached 42.73% in 2016, maintaining its position as the leader in the Chinese air conditioning industry for 22 consecutive years[27]. - Gree's commercial air conditioner market share was 16.2% in 2016, also ranking first for five consecutive years[27]. - The total sales of home air conditioners in China decreased by 3.64% year-on-year in 2016, totaling 60.49 million units[28]. - Gree's annual production capacity for home air conditioners exceeds 60 million units, making it the largest in the world[35]. - Gree Electric achieved a total revenue of 110.1 billion yuan in 2016, representing a 9.5% increase compared to the previous year[48]. - User data indicated that Gree's air conditioning products maintained a market share of 30% in China, solidifying its position as the market leader[185]. Research and Development - Gree Electric's R&D investment exceeded 4 billion yuan annually, with a total of over 27,000 technology patents applied, including more than 10,000 invention patents[38]. - The company has developed 15 internationally leading core technologies, including the innovative photovoltaic air conditioning system[38]. - Gree Electric's patented technology for "high-efficiency permanent magnet synchronous variable frequency centrifugal ice storage dual-condition unit" was identified as internationally leading[48]. - The company launched multiple new energy-efficient inverter air conditioners, with the "Energy Efficiency Leader - Run Series" receiving excellent market feedback[52]. - Gree plans to invest CNY 5 billion in R&D for new energy-efficient technologies over the next three years[186]. Operational Efficiency - Gree Electric's production efficiency improved by 10.5% in 2016, with a direct efficiency increase of 4,294 personnel[42]. - The company achieved a cost reduction of approximately 387 million yuan through new process development, quality inspection optimization, and production line arrangement optimization[51]. - Gree's operational efficiency improved, with a reduction in production costs by 8% due to automation and process optimization[186]. - The company has established a comprehensive management system within its manufacturing system, enhancing its operational efficiency and management capabilities[51]. Sustainability and Corporate Responsibility - The company established a sustainable development strategy focusing on resource recycling and green manufacturing, achieving certification for its four bases in June 2016[62]. - Gree's commitment to sustainability includes plans to reduce carbon emissions by 25% by 2020 through innovative manufacturing practices[186]. - The company provided assistance to 238 employees in need, with a total amount of 1,687,000 RMB allocated for support[155]. - The company’s environmental protection expenditure for the year was 2,840,000 RMB[157]. - The company is not classified as a key pollutant discharge unit by environmental protection authorities[157]. Talent Development - The company implemented a talent development strategy, including skills assessment for 408 technical workers across 16 job categories[72]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 2,060.51 million RMB[190]. - The company has established a standardized salary management system to ensure employees receive fair compensation[192]. - The company aims to create a talent retention and motivation mechanism through various training and development initiatives[194]. - The company trained a total of 45,000 personnel through the "Zhenpin Journey, Building the Future" technical training camp in 2016[196]. Shareholder Information - The company distributed a cash dividend of 15.00 CNY per 10 shares for the 2015 fiscal year, totaling 9,023,596,317 CNY[124]. - For the 2016 fiscal year, the proposed cash dividend is 18.00 CNY per 10 shares, amounting to 10,828,315,580.40 CNY, pending shareholder approval[125]. - The cash dividend for 2016 represents 70.22% of the net profit attributable to ordinary shareholders, which is 15,420,964,990.94 CNY[128]. - The controlling shareholder of Gree Electric Appliances is Zhuhai Gree Group Co., Ltd., holding 18.22% of shares, with 1,096,255,624 shares frozen[165]. Governance and Management - The company maintained a fully independent governance structure, ensuring separation from its controlling shareholder in various aspects[199]. - The company has appointed several independent directors with extensive experience in finance and management, enhancing its governance structure[184]. - The management team is focused on innovation and technology development, which is crucial for maintaining competitive advantage in the market[177]. - The company has maintained a stable leadership structure, with key executives holding their positions since at least 2012[176]. Financial Management - The company has implemented risk management measures to mitigate price fluctuations and enhance operational efficiency through hedging activities[102]. - The total financial liabilities at the end of the reporting period were ¥1.19 billion, with a significant portion being accounted for by changes in fair value[97]. - The company’s derivative financial assets were valued at ¥250.85 million, indicating active management of financial instruments[99]. - The overall financial asset investment strategy appears to be conservative, with a focus on maintaining liquidity and minimizing risk exposure[100].

Financial Performance - Total assets at the end of the reporting period reached ¥181.71 billion, an increase of 12.37% compared to the end of the previous year[8] - Net profit attributable to shareholders was ¥4.83 billion, reflecting a year-on-year growth of 14.05%[8] - Operating revenue for the reporting period was ¥33.25 billion, up 5.84% year-on-year[8] - The company reported a net profit of ¥11.23 billion for the year-to-date, an increase of 12.82% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥4.70 billion, up 3.02% year-on-year[8] - Basic earnings per share increased by 14.29% to ¥0.80[8] - The weighted average return on equity was 10.20%, a decrease of 0.32% from the previous year[8] Cash Flow and Working Capital - The net cash flow from operating activities decreased by 61.70% to ¥14.16 billion compared to the same period last year[8] - Net cash flow from operating activities dropped by 61.70% to ¥14.16 billion, mainly due to a decrease in cash received from sales[17] - Accounts receivable increased by 83.84% to ¥27.36 billion due to an increase in advance dealer notes[16] - Prepayments surged by 409.27% to ¥4.32 billion, attributed to increased payments to suppliers[16] - Inventory decreased by 46.94% to ¥5.03 billion as a result of improved inventory management[16] - Short-term borrowings rose by 62.50% to ¥10.20 billion, reflecting an increase in short-term loans[16] Investment and Financial Activities - Investment income decreased by 1880.57% to a loss of ¥1.90 billion, primarily due to reduced gains from forward foreign exchange transactions[17] - Financial expenses increased by 150.01% to a loss of ¥3.48 billion, mainly due to increased exchange gains[16] - The company reported a significant decrease in interest income by 37.60% to ¥1.34 billion, attributed to reduced income from the financial company[16] - The company plans to acquire 100% equity of Zhuhai Yinlong New Energy from Guangdong Yintong Investment Holding Group[18] Risk Management and Compliance - The company engaged in hedging activities to mitigate the cost risks associated with raw material price fluctuations, utilizing futures contracts to lock in material costs[23] - The loss from futures hedging contracts during the reporting period amounted to -40.69 million yuan, while the loss from forward foreign exchange contracts was -1,202.37 million yuan[23] - The company has established internal control measures for derivative investments, including risk assessment and compliance checks to ensure adherence to legal regulations[23] - The independent directors believe that the company's derivative investment activities enhance operational efficiency and improve foreign exchange risk management[23] - The company has not reported any significant changes in accounting policies or principles regarding derivative investments compared to the previous reporting period[23] - There were no instances of non-compliance with external guarantees during the reporting period[26] - The company did not experience any non-operating fund occupation by controlling shareholders or related parties during the reporting period[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 339,957[12] - The largest shareholder, Zhuhai Gree Group Co., Ltd., holds 18.22% of the shares, amounting to 1,096,255,624 shares[12] - The company has not disclosed any unfulfilled commitments by shareholders or management during the reporting period[20]

珠海格力电器股份有限公司 2016 年半年度报告全文 珠海格力电器股份有限公司 2016 年半年度报告 2016 年 08 月 1 珠海格力电器股份有限公司 2016 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本报告的董事会会议。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 公司负责人董明珠、主管会计工作负责人望靖东及会计机构负责人(会计主 管人员)廖建雄声明：保证本半年度报告中财务报告的真实、准确、完整。 2 | 第一节 重要提示、目录和释义 2 | | --- | | 第二节 公司简介 5 | | 第三节 会计数据和财务指标摘要 7 | | 第四节 董事会报告 9 | | 第五节 重要事项 18 | | 第六节 股份变动及股东情况 22 | | 第七节 优先股相关情况 24 | | 第八节 董事、监事、高级管理人员情况 25 | | 第九节 财务报告 14 | | 第十节 备查文件目录 122 | 珠海格力电器股份 ...