Gree electric appliances in the first three quarters of revenue over last year

October 22, the air conditioner announced three eldest gree electric appliances, the report display, quarterly reports third quarter operating income 191.52 billion, operating income in the first three quarters, more than reached 442.97 last year's total revenues nearly 17 million.

$ 50 billion in annual sales target is expected to be completed before 2 months.

Major breakthroughs in core technologies

With the current domestic air conditioning and refrigeration industry in most enterprises, gree electric appliances away from a technical introduction to the technology of imitation of the road, always adhere to independent research and development, master core technology.

Gree electric appliances to independent innovation, each of the Foundation and core technology areas of research and development investment to make an unlimited 2009 more than 20 billion yuan, the 2010 also is expected to exceed $ 3 billion.

Gree electric appliances regret paying for fruitful results. Only the last 3 years, gree electric appliances have a technology patent more than 2000, average weekly on 12 new technology, developed by DC inverter multi online group, low-digital number of online groups, centrifugal chillers, G10 inverter air conditioner and other high-end products, filling the gaps in the industry, creating a number of world records. In particular, the G10-frequency control technology, high-efficiency centrifugal chillers and new super high speed compressor three air core technology at beyond Europe, the United States, Japan and other international competitors, were identified as "the international leading level."

In May this year, the Ministry announced the 2010 year's science program project, gree-frequency control technology and G10 heat recovery DC converter and modular many online groups into a "national torch plan", gree DC inverter multi unit is integrated into the "national key new product plan."

Gree electric appliances accumulated a total of 10 innovations were incorporated into national science and technology program, a ten-year single category products are included in the national science and technology plan most household electrical appliance enterprises. In addition, in the national development and Reform Commission, Ministry of finance published the fourth issue of "energy-saving products Huimin project" efficient room air conditioner extension directory, and gree electric appliances to selected 1668 product, the "energy-saving nearly Huimin" product 3% of absolute advantage, on the top of the industry's first, fully embodies the gree electric appliances strong core technology innovations.

Analysts noted that to gree electric appliances as a representative of a group of independent innovation and rapid rise of refrigeration enterprises, China refrigeration industry from "manufacturing powers" to "manufacturing power" leap, become and United States, Japan, the EU's industrial powers to keep pace.

It is based on the core technology of absolute advantage, the first three quarters of this year has achieved sales of air conditioners gree qualitative leap.

During the reporting period, the company achieved total sales revenue 442.97 billion yuan, an increase of 44.40%, net profit 28.90 billion yuan, an increase of 45.09%.

Export revenues up double

Brand is not just a product of symbols, is also a national backbone of national industries, but also a national carrier and humanity.

And some companies keen to "low impulse" approach, gree electric appliances in the internationalization of the journey has been insisting on independent brand export-oriented development strategies.

Especially after the outbreak of the financial crisis, gree electric appliances to seize global market opportunities, took the initiative to give up part of the OEM orders centrally advantage resources increase brand for exports. In 2009, the total decline in exports, gree electric appliances still finished exporting net profit increased by 30 per cent of target.

In 2010, as the global economic recovery, overseas air conditioning market gradually warmed up.

Gree electric appliances take proper and effective sales strategy, overseas market once again achieved excellent results. As far as gree electric appliances export department responsible, rely on green energy-saving and innovation, as at the end of August, gree AC exports grew by 80%, then the momentum, it is expected that 8-10 months of exports will grow by more than 110% of the United States, Brazil, Italy, South Africa and other local markets, gree air conditioning increments are more than 100 per cent.

In the just concluded 108 105th, gree air conditioning of the turnover was over 1 billion u.s. dollars, ranking the top of the air conditioning business turnover in the first place, as this fair home appliances exhibitors maximum one winner.

To further improve the market competitiveness

9 October, gree electric appliances Zhengzhou industrial park project the Foundation laying ceremony in Zhengzhou high-tech zone was held.

Zhengzhou industrial park is following the Zhuhai gree electric appliances, Chongqing, Hefei, Brazil, Pakistan, Viet Nam, the seventh of global production bases. The total investment of more than 30 million Yuan, the construction of three stages, all reaches the postpartum will achieve an annual output of 600 million household air-conditioning, compressor with an annual output of 600 million units, commercial air conditioning more than 50 million units per year, together with related supporting industries, estimated annual production of more than $ 15 billion, is the largest in central air conditioning production base. It is expected that 2 years after the gree air conditioning, the total can be exceeded 35 million units (sets), in the capacity to occupy an absolute advantage on.

Gree electric appliances, Chairman Zhu jianghong said, Zhengzhou Henan industrial park will be based on the radiation North, northeast regional market, improve operations, human resources, logistics, and other costs, the full realization of the "close to the market, rapid response" marketing strategies, and will greatly enhance the gree air conditioning in the Central and North China market competitiveness.

It is understood that, in addition Zhenzhou industrial park, headquarters technical commercial air conditioning expansion project, Wuhan commercial air conditioning construction projects, with an annual output of 600 million sets new energy-saving environmental protection air conditioner compressor projects, energy saving and environmental protection in the refrigeration equipment Engineering Technology Research Center technical reconstruction project, the other four projects will be launched during the year.

People in the industry, said that the construction of five large project geli, in addition to expanding gree electric appliances for air conditioning production, increase market share, enhance and improve the air conditioning compressor and other core parts of production capacity, it is important to further improve the gree air conditioning product line and optimize the product mix, industrial upgrade and enhance the capacity of independent research and development and market competitiveness, and strengthen the gree air conditioning global leading position.