格力电器、美的集团、海尔智家这三家公司每家都是数千亿市值的大公司，PE值差一倍，意味 着不是几十亿几百亿，而是动辄上千亿的绝对市值差距。 "没有对比就没有伤害。"面对这句调侃，不知道重仓格力电器（000651.SZ）的投资人们作何感想。 二级市场是个"缝合怪"，于是为格力电器的静默找到众多理由：有的说董明珠的个人标签过于突出，"恨 屋及乌"导致众多争议观点的负面影响体现在股价走势图；有的说格力电器囿于家电行业太过守旧，缺少 更大的想象空间。难道格力电器的价值果真如此吗？ 壹 | 格力稳吗？ 谈资产的价值，第一关必须要有稳定的基本面，在这方面格力电器的表现十分理想。 结合2020年以来的财报信息，近一段时间格力电器调整业务框架相对频繁，仅有智能装备、其他主营和其 他业务三大板块贯穿于这五年。从业务占比来看，空调与消费电器的两大板块营收规模超过千亿，因此家 用、商用、中央空调产品构成格力电器的核心竞争力。 整个"9·24"期间，深成指从10711.16点涨至17887.46点，涨幅达到67%；沪深300从3244.65点涨至4566.07 点，涨幅达到40.73%；白电指数从4325.995点涨至8565.525 ...

Group 1 - Gree Electric achieved a total operating revenue of 97.325 billion yuan in the first half of 2025, with a net profit attributable to shareholders of 14.412 billion yuan, representing a year-on-year increase of 1.95% [1] - The net profit after deducting non-recurring gains and losses was 13.946 billion yuan, showing a year-on-year growth of 0.59% [1] - The net cash flow from operating activities reached 28.329 billion yuan, a significant increase of 453.06% year-on-year [1] Group 2 - Gree Electric's industrial products and green energy segment achieved operating revenue of 9.591 billion yuan, a substantial year-on-year increase of 17.13% [2] - The smart equipment segment generated operating revenue of 314 million yuan, reflecting a year-on-year growth of 20.90% [2] - The company is actively promoting a "new retail" system that integrates online and offline sales, with online live-streaming sales exceeding 5 billion yuan in the first half of the year [2] Group 3 - The air conditioning sector is identified as a high-quality sub-sector within the home appliance industry, benefiting from dual barriers in consumption and manufacturing [3] - The industry enjoys long-term growth potential, with significant room for improvement in both domestic sales and international penetration rates [3] - Product upgrades driven by smart technology and functional innovation are becoming key growth engines for the industry [3]

格力电器（000651）今日晚间公告，公司上半年实现营业收入973.25亿元，同比下降2.46%，净利润达 144.12亿元，同比增长1.95%。 值得关注的是，公司经营活动产生的现金流量净额达283.29亿元，同比增长453.06%，主要得益于销售 商品和提供劳务收到的现金增加、收到其他与经营活动有关的现金增加，及支付其他与经营活动有关的 现金下降所致。 上半年，中国家用空调、冰箱、洗衣机销量分别同比增长8.3%、3.7%、8.8%；中央空调销售规模同比 下滑5.5%，其中内销市场受项目市场乏力及房地产市场调整影响，需求持续疲软，内销额同比下滑 10.1%。与此同时，受多方面因素影响，家用空调市场竞争持续升温，奥维云网(AVC)数据显示，二季 度家用空调线上2100元以下的低端机销量占比首次超过50%，中高端需求承压。 消费领域，格力电器家用空调围绕"绿色低碳、舒适健康、个性智能"理念迭代升级产品，"风不吹人"系 列销量同比增长131%，搭载自主研发"AI动态节能技术"的"凉之夏-Ⅱ""AI节能王子"等产品销量同比激 增360%。 中央空调市场方面，根据行业报告，2025年上半年以超15%的销售规模占有率稳 ...