Gree Electric: Net profit in the first quarter was 4.003 billion yuan, a year-on-year increase of 16.28% _ Oriental Fortune Net

　　Gree Electric(000651) The first quarterly report for 2022 was released on the evening of April 29. In the first quarter of this year, the company achieved a total operating income of 35.535 billion yuan, a year-on-year increase of 6.02%;shareholderofnet profit4.003 billion yuan, a year-on-year increase of 16.28%.

According to reports, on the demand side of household appliances, health technology appliances continue to be popular, becoming theAppliance industryA problem-solving path to new growth. last year,Gree ElectricLaunched 5 sets of home appliances to create an overall smart life solution for consumers, and at the same time continued to improve the healthy series of products to create a high-quality healthy life for consumers. With the goal of creating a healthy breathing environment, Gree has upgraded and iterated intelligent health technology, achieved breakthroughs in AI comfort and energy-saving algorithm (G-Learning) and sleep detection technology, and launched new formaldehyde-removing air conditioners, two-way fresh air conditioners, and formaldehyde-removing air purification. Products such as air conditioners and air circulation fans meet the health needs of consumers.

At the same time, under the background of “dual carbon”, green industries such as energy storage, photovoltaic power generation, and new energy vehicles usher in unprecedented development opportunities.Gree ElectricThe developed photovoltaic (storage) air-conditioning system provides new solutions for energy conservation and emission reduction in the refrigeration industry. Currently, it has been implemented in more than 30 countries and regions around the world, with over 8,000 projects. Among them, Changsha Gree was awarded the sixth batch of “Demonstration Enterprises of Electricity Demand Side Management” in the national industrial field.Gree TitaniumBatteryWith its high safety and other characteristics, it was jointly selected by the Ministry of Industry and Information Technology and the China Federation of Industrial Economics as the “National Manufacturing Single Champion Product”. In 2021, Gree’s green energy sectorOperating income2.907 billion yuan, a year-on-year increase of 63.13%.

It is worth mentioning that Gree currently has six major renewable resource bases. Based on its unique sales channels, Gree Renewable Resources has processed over 40 million waste electrical and electronic products. Copper materials, iron materials, aluminum materials, and plastics total about 610,000 tons. According to relevant conversions, the mining of mineral crude oil resources will be reduced by about 1.6 million tons, and the water will be saved by about 3.92 million cubic meters, which is equivalent to reducing carbon emissions by about 2 million tons.

(Article source: ChinasecuritiesReport · China Securities Network)

Article source: China Securities Journal China Securities Network

Responsible editor: 33

Original title: Gree Electric: Net profit in the first quarter was 4.003 billion yuan, a year-on-year increase of 16.28%