突发！高瓴首次减持格力电器！

Core Viewpoint - Hillhouse Capital's fund Zhuhai Mingjun announced a reduction in its stake in Gree Electric Appliances for the first time in six years, intending to use the proceeds to repay bank loans [2][5]. Group 1: Shareholding Changes - Zhuhai Mingjun plans to reduce its holdings by up to 111,702,774 shares, which is no more than 2% of the total share capital after excluding shares in the repurchase account [2][5]. - The reduction will occur through block trading within three months after a 15 trading day notice period [2]. - The announcement emphasizes that this reduction will not lead to a change in the company's control or significantly impact its share distribution and operational capabilities [5]. Group 2: Financial Context - As of February 25, Gree Electric's stock price was 38.49 yuan, giving it a market capitalization of over 210 billion yuan, which means the reduction could amount to approximately 4.3 billion yuan [6]. - In 2019, Gree Electric reported revenues of 198.15 billion yuan and a net profit of 24.70 billion yuan [9]. - For 2024, Gree Electric's revenue is projected to be 190.04 billion yuan, with a net profit of 32.18 billion yuan [10]. Group 3: Historical Background - Zhuhai Mingjun became Gree Electric's largest shareholder in December 2019, acquiring 900.2 million shares at a price of 46.17 yuan per share, totaling 41.66 billion yuan [8]. - The funding for this acquisition was sourced equally from its own funds and bank loans [8]. - Since then, Zhuhai Mingjun has maintained its position as the largest shareholder without any reductions [9].