GREE(SZ:000651) Mei Ri Jing Ji Xin Wen·2025-06-30 15:47Core Viewpoint - The focus of the Gree Electric Appliances 2024 annual shareholder meeting was on Gree Titanium New Energy Co., Ltd., a subsidiary that has recently faced challenges, including the judicial freeze of its 100% stake in Zhuhai Guangtong Automobile Co., Ltd. [1][3] Group 1: Gree Titanium's Developments - Gree Titanium has resolved many issues since being managed by Fang Xiangjian, who was appointed in September last year, and has shifted focus to profitable sectors [3][4] - The company has eliminated unprofitable business lines, specifically the lithium iron phosphate battery segment, and is concentrating on lithium titanate, energy storage, and new energy vehicles [3][4] - Gree Titanium has undergone personnel optimization, reducing its workforce to just over 2,000 employees, aiming to transform them into a highly efficient team [3][4] Group 2: Leadership and Management Changes - Dong Mingzhu emphasized the importance of leadership in addressing corporate challenges and noted that Gree Titanium has made significant progress in the past year [4][5] - Zhang Wei, the new president of Gree Electric, highlighted his focus on product sales, quality, team building, and talent development, while maintaining the company's core values [5] - Gree Electric's overseas sales, particularly in the Middle East and Southeast Asia, account for nearly 70% of its export revenue, with positive reception in the Canadian market for its heat pumps [5]