Jingke Street said: To become professional and diversified, this is the only way for a large number of global corporate giants to develop and rise in the past 100 years.
Today, Gree Electric, the king of air conditioning specialization, has also embarked on a diversified expansion. Different from the diversified choices of other companies, Gree's diversification is based on related products and related companies, which also provides confidence and motivation for its initial development.
In 2018, the company's operating income was 19,812 million yuan, a year-on-year increase of 33.61%; the net profit attributable to listed companies was 26.202 billion yuan, an increase of 16.97%; unless the net profit was 25,580 million yuan, an increase of 20.83%; this fully demonstrates that as the company's core business The air conditioner is still the company's "profit cow", providing the company with a steady stream of net profits.
Gree Electric, the king of air-conditioning, has been leading the industry in the past decade. The questionable “layered dealers” and the “high stocks” that have not been solved for many years have failed to shake their leading position in the air-conditioning industry and release their “specialized strength” in the air-conditioning industry. As long as you don't make mistakes, no one can shake in the short term.
The air-conditioning business is doing its utmost to continue to be the largest source of Gree's revenue. The revenue in 2018 reached 155.682 billion yuan, accounting for 78.58%, up 26.15% year-on-year; household appliances such as small household appliances, the revenue of the year reached 37.94. 100 million yuan, accounting for only 1.91%, an increase of 64.9%; smart equipment business, revenue reached 3.108 billion yuan, accounting for 1.57%, an increase of 46.19%; other main business (should include refrigerators, washing machines, kitchen appliances, etc.) The diversified business of home appliances has a revenue scale of 8.007 billion yuan, accounting for 4.04%, an increase of 83.97% over the same period of last year. The other business revenues were 2.753 billion yuan, accounting for 13.9%, an increase of 71.03%.