GREE(SZ:000651)2023-06-15 13:11Group 1: Financial Performance and Shareholder Returns - In 2022, the company distributed a total dividend of 2 CNY per share, with a mid-year dividend of 1 CNY and an annual dividend of 1 CNY, totaling over 1 billion CNY in dividends since its listing in 1996 [2] - The company emphasizes shareholder returns and plans to continue cash dividends while considering sustainable development and future business needs [2] Group 2: Product Development and Innovation - In 2022, the company launched new products in five major categories of kitchen appliances, including award-winning steam and bake dual-function machines [3] - The company focuses on health, intelligence, and personalization in its home appliance products, achieving continuous upgrades from functionality to experiential scenarios [3] - The company has developed a comprehensive range of products in the environmental appliance sector, including air purifiers and disinfection machines, winning multiple awards for innovation [3] Group 3: Green Energy Initiatives - The company is actively developing in the green energy sector, focusing on photovoltaic (storage) air conditioning, new energy vehicles, and lithium battery technology [4] - The photovoltaic air conditioning system boasts a 99% utilization rate of direct photovoltaic drive, significantly reducing energy loss compared to traditional systems [4] - The company has established over 12,000 projects globally in the photovoltaic air conditioning sector, recognized as an international leader in this technology [4] Group 4: Sales and Marketing Strategies - The company has implemented a dual-channel sales strategy, combining online and offline sales to enhance market reach [9] - In 2022, overseas business generated revenue of 23.27 billion CNY, with a 57% share from self-branded sales, marking a nearly 20% year-on-year growth [6] - The company has expanded its sales network to over 30,000 offline outlets and established partnerships with major e-commerce platforms [9] Group 5: Employee Incentives and Corporate Culture - The company has introduced employee stock ownership plans in 2021 and 2022 to enhance employee engagement and align interests between management and staff [7] - The company focuses on optimizing compensation structures and enhancing employee satisfaction through various welfare programs [7] Group 6: Capital Expenditure and Investments - In 2022, the company invested 6.036 billion CNY in fixed assets and long-term assets, primarily for ongoing projects in Zhuhai, Ganzhou, and Linyi [10] - The company has made strategic acquisitions, including Gree Titanium and Shield Environment, to enhance its supply chain and core component competitiveness [10]