Core Viewpoint - Gree Electric Appliances held its second extraordinary general meeting of shareholders for 2025, addressing various topics including product planning, channel transformation, dividend distribution, and international expansion [1]. Dividend Distribution - Gree Electric Appliances proposed a cash dividend of 10 yuan (including tax) for every 10 shares, totaling 5.585 billion yuan [5]. - The company has distributed over 170 billion yuan in dividends since its listing, despite raising only 5 billion yuan in funds [5]. - The company’s president emphasized that the commitment to high and stable dividends will not change, reflecting the company's operational philosophy [5]. Product and Channel Strategy - The sales director reported that since the launch of the "Dong Mingzhu Health Home" in February, over 1,000 stores have opened, with sales transitioning from a 70:30 ratio of air conditioners to non-air products to a 1:1 ratio in some cases [5]. - Gree is implementing a nationwide channel transformation aimed at flattening the structure, allowing direct communication between end distributors and headquarters [5]. Company Philosophy - The chairman stated that the success of a company is not solely based on specialization or diversification, but rather on focus, leveraging core technologies developed in the air conditioning sector to expand into refrigeration, heating, and home appliances [6].