31 October 2025 | 7:05AM CST Equity Research Gree Electric Appliances Inc. (000651.SZ): 3Q25 First Take: Revenue miss amid ongoing market share pressure, interim dividend announced; Gree reported below-expected 3Q25 results post market close on Oct 30. Total revenue/net profit in 3Q25 was Rmb40,034mn/Rmb7,049mn, growing by -15%/-10% yoy, which was -18%/-2% vs. GSe. The company announced a Rmb1.0 interim dividend per share, implying a 28% dividend payout vs. Rmb3.86 EPS in 9M25 (vs. Rmb3.0 dividend per share ...