GREE ELECTRICAPPLIANCES, INC. OF ZHUHAI
Annual Report 2020
April 2021
Section I Important Notice, Table of Contents and Paraphrase
The Board of Directors, Board of Supervisors, all directors, supervisors and Senior
Management Personnel of the Company hereby guarantee that the contents are
authentic, accurate and complete, and there are no false records, misleading
representations or material omissions in the Annual Report, and shall take all the joint
and several legal responsibilities.
Dong Mingzhu, the Company's responsible person, Liao Jianxiong, responsible person
in charge of accounting work and Liu Yanzi, in-charge person of accounting institution
(accounting superintendent) hereby declare and warrant that the financial report in
the Report is authentic, accurate and complete.
All the directors attended the meeting of the Board of Directors in respect of
deliberation of the Report.
The forward-looking statements such as future plans and development strategies in the
Report do not constitute a substantive commitment of the Company to investors.
Investors and relevant persons should therefore be aware of risk factors attendant in
investment and understand the differences between plans, forecasts and commitments.
The Company's profit distribution proposal passed upon deliberation at the meeting of
the Board of Directors is set out as below: Based on the total number of 5,832,851,217
shares of the Company enjoying profit distribution rights as of 28 April, 2021 (the total
stock capital of 6,015,730,878 shares excluding the 182,879,661 shares held in the
repurchase account of the Company), the Company plans to distribute all shareholders
a cash dividend of RMB 30 (tax included) per 10 shares, but does not plan to give any
bonus share or use any public reserve funds for capitalization.
Table of Contents
Section I Important Notice, Table of Contents and Paraphrase......1
Section II Company Profile and Main Financial Indices ......4
Section III Corporate Business Overview ......9
Section IV Discussion andAnalysis of Business Operation......17
Section V Important Events......53
Section VI Changes in Stock Capital & Information of Shareholders......83
Section VII Related Information of Preferred Stock......91
Section VIII Related Information of Convertible Corporate Bonds......92
Section IX Directors, Supervisors, Senior Management Personnel and Employees......93
Section X Corporate Governance ......109
Section XI Related Information of Corporate Bonds......114
Section XII Financial Report......115
Section XIII References ......274
Paraphrase
Items Means Contents
Company, the Company, the enterprise, GREE
Means GREE ELECTRIC APPLIANCES, INC. OF ZHUHAI
ELECTRIC APPLIANCES or GREE
GREE GROUP Means Zhuhai Gree Group Co., Ltd.
Zhuhai Mingjun Means Zhuhai Mingjun Investment Partnership (Limited Partnership)
Finance Company Means Zhuhai Gree Group Finance Company Limited
Jinghai Internet Means Jinghai Internet Technology Development Co., Ltd.
Yinlong Means Zhuhai Yinlong New Energy Co., Ltd.
CSRC Means China Securities Regulatory Commission
Report Period Means 1 January, 2020 to 31 December, 2020
Section II Company Profile and Main Financial Indices
I. Company information
StockAbbreviation GREE ELECTRIC APPLIANCES Stock Code 000651
Stock Exchange Shenzhen Stock Exchange
Name in Chinese 珠海格力电器股份有限公司
Name Abbreviation in Chinese 格力电器
Name in Foreign Language (if
GREE ELECTRIC APPLIANCES, INC. OF ZHUHAI
any)
Name Abbreviation in Foreign
Language (if any) GREE
Legal Representative Dong Mingzhu
Registered Address Jinji West Road, Qianshan, Zhuhai City, Guangdong Province
Post Code of Registered
519070
Address
Office Address Jinji West Road, Qianshan, Zhuhai City, Guangdong Province
Post Code of Office Address 519070
Website http://www.gree.com.cn
Email gree@gree.com.cn
II. Contacts and contact information
Board Secretary SecuritiesAffairs Representative
Name Deng Xiaobo Zhang Zhouhu, Yan Zhangxiang
Jinji West Road, Qianshan, Zhuhai City, Jinji West Road, Qianshan, Zhuhai City,
Address
Guangdong Province Guangdong Province
Tel 0756-8669232 0756-8
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