The spring tide surges along the coast of the South China Sea.
Currently, with the opportunity brought by the construction of Hong Kong-Zhuhai-Macao Bridge, Guangdong-Hong Kong-Macau Greater Bay Area, Hengqin New Area of Zhuhai of China (Guangdong) Pilot Free Trade Zone and the Pearl River Delta National Independently Innovative Demonstration Zone, Zhuhai is playing an increasing important strategic role as the subcenter of Guangdong Province and core city on the west coast of Pearl River.
Since its establishment in March 1985, Gree Group has been growing under the strong leadership of Zhuhai Municipal Party Committee and Municipal Government and the sincere care of friends from all walks of life, thanks to whom Gree is now the largest and most powerful state-owned leading enterprise in Zhuhai City with a main credit rating of AAA. In 2017, the Group achieved revenue of 151.789 billion yuan and net profit of 22.369 billion yuan, a significant year-on-year increase of 36.10% and 44.41%, accounting for 83.02% and 66.98%, respectively, of the total amounts of state-owned enterprises in the city.
With more than 30 years of hard-earned experience, Gree Group has formed a strategic industrial layout of “one core and four pillars”. Its core manufacturing company, Gree Electric Appliances, is a diversified global industrial group. Its residential air conditioner production and sales volume has been leading the world for 13 consecutive years. Its products are sold in more than 160 countries and regions. It was awarded the title of “World Famous Brand” in 2006 and has ranked first in tax payment in China's home appliance industry for 16 consecutive years. Among the four pillar industries, the construction and installation segment has a sound foundation. The Jianan Group is the only state-owned Grade A general building construction contractor in the city and has a number of Grade A qualifications in engineering general contracting. The island tourism section is booming and has now opened in Dong'ao Island the Gree Dong’ao Hotel - two five-star hotels in Nanshazui and Nansha Bay respectively; the financial investment and construction investment sectors have been developing rapidly since its establishment in 2017. The former has obtained professional qualifications for financing guarantees, private equity fund managers, etc. and has engaged in large-scale industrial investment and fund investment business. The latter has undertaken several high-quality projects in urban construction, municipal infrastructure and public service facilities construction, project development construction and project operation with a total project investment in excess of 20 billion yuan.
When the spring tide rises, it is time to set sailing. Standing at the new historical starting point of the 40th anniversary of reform and opening up, Gree Group Gree will re-organize itself and get ready for the new journey. We will closely focus on the goal of “building a domestic first-class investment- and innovation-driven comprehensive enterprise”, emancipating the mind, making progress, boldly innovating, and continuously enriching, improving, and deepening the strategic structure of “one core, four pillars” to a greater extent. As a new situation for the creation of "second entrepreneurial business", Guangdong Province is striving to achieve "four leading nationally" to reflect the performance of state-owned enterprises and contribute to Gree.