GREE(SZ:000651)2023-09-19 11:46Financial Performance - As of June 2023, the company's contract liabilities reached 28.972 billion CNY, an increase of 79.70% compared to the same period last year, and a 93.50% increase from the end of 2022, primarily due to the growth in prepayments from distributors [3] - The company has distributed over 110 billion CNY in dividends since its listing, with a historical dividend payout ratio exceeding 50% of the net profit attributable to shareholders [3] Investment and Risk Management - The company engages in foreign exchange derivative transactions to hedge against risks from exchange rate and interest rate fluctuations, utilizing products such as foreign exchange forwards and options [2] - The company invests idle funds in low-risk financial products, including structured deposits and fixed-income funds, to enhance capital efficiency [3] Channel Strategy - The company is diversifying its channels by collaborating with leading live-streaming companies and enhancing brand promotion through influencer marketing [4] - Efforts are being made to unify channels and improve efficiency by expanding online channels and accelerating the layout of experience stores [4] Product Development - The company focuses on high-end, intelligent, and green product development, creating innovative products that meet consumer demands for health, energy efficiency, and aesthetics [5] - The company has developed a range of smart home products and IoT platforms to enhance the quality of life for consumers [5] Sustainability Initiatives - The company is committed to green development by establishing recycling channels for waste home appliances and promoting energy-efficient products [5] - The company has integrated clean photovoltaic technology with high-efficiency air conditioning systems, aiming for zero energy consumption and emissions [5] Future Outlook - The company plans to continue exploring acquisition opportunities related to its core business and diversification, ensuring compliance with legal disclosure obligations [6] - The company is evaluating potential stock repurchase plans based on actual circumstances and will disclose relevant information in a timely manner [6]