格力电器:2024年年度报告(英文版)

Gree Electric Appliances, Inc. of Zhuhai
2024 Annual Report
April 2025

Section I Important Notice, Contents and Paraphrase
The Board of Directors, Board of Supervisors, directors, supervisors, and senior executives of
theCompanyherebyguaranteethatthecontentsareauthentic,accurate,andcomplete,without
falserecords, misleading representations, or material omissions in theAnnual Report,and shall
take all the joint and several legal liabilities.
Dong Mingzhu, the Company's responsible person, Liao Jianxiong, the responsible person in
charge of accounting work, and Liu Yanzi, the Accounting Department's responsible person
(accounting superintendent), hereby declare and warrant that the financial report in the
Annual Report is authentic, accurate, and complete.
All the directors have attended the meeting of the Board of Directors in respect of the
deliberation of the Annual Report.
Theforward-looking statements, such as future plans and development strategies in the Annual
Report, do not constitute a substantive commitment of the Company to investors. Investors and
relevant parties should therefore make rational investments based on an awareness 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 share capital of 5,585,138,741 shares
enjoying profit distribution rights at the time of disclosure of this profit distribution plan (the
total stock capital of 5,601,405,741 shares excluding the 16,267,000 shares held in the
repurchase account of the Company), the Company plans to distribute all shareholders a cash
dividend of CNY20 (tax included) per 10 shares, but does not plan to give any bonus share (0
share, tax included) or convert any capital reserves into share capital. If there is a change in the
total share capital of the Company entitled to profit distribution from the date of disclosure of
this distribution plan to the date of implementation of equity distribution registration, the
Company will adjust the total dividend amount accordingly based on the principle of keeping
the distribution ratio per share unchanged.

Contents

Section I Important Notice, Contents and Paraphrase......2
Section II Company Profile and Main Financial Indicators......6
Section III Management Discussion and Analysis......11
Section IV Corporate Governance......62
Section V Environmental and Social Responsibility......86
Section VI Important Matters...... 107
Section VII. Changes in Shares and Shareholders ...... 136
Section VIII Preferred Share Information...... 148
Section IX Bond Information ...... 149
Section X Financial Statements...... 150
References
(I) The accounting statements signed and sealed by Dong Mingzhu, the legal representative, Liao
Jianxiong, chief accountant and Liu Yanzi, head of accounting department.
(II) The original audit report sealed by Union Power Certified Public Accountants (Special General
Partnership) with signatures and seals of certified public accountants Qiu Yiwu and Wang Huijun.
(III) Originals and original drafts of all the Company's documents and announcements published on
the media and CNINFO designated by the Company within the report period.

Paraphrase
Item Means Definition
Company, the Company, the Enterprise, Gree
Means Gree Electric Appliances, Inc. of Zhuhai
Electric Appliances or GREE
Zhuhai Mingjun Investment Partnership (Limited
Zhuhai Mingjun Means Partnership)
GREE GROUP Means Zhuhai Gree Group Co., Ltd.
Finance Company Means Zhuhai Gree Group Finance Company Limited
Jinghai Internet Means Jinghai Internet Technology Development Co., Ltd.
DunAn Environment Means Zhejiang DunAn Artificial Environment Co., Ltd.
CSRC Means China Securities Regulatory Commission
Report period Means 2024/01/01 to 2024/12/31

Section II Company Profile and Main Financial Indicators
I. Company information
Stock Abbreviation Gree Electric Appliances Stock code 000651
Stock Exchange Shenzhen Stock Exchange
Name in Chinese Gree Electric Appliances, Inc. of Zhuhai
Name Abbreviation in Chinese Gree Electric Appliances
Name in Foreign Language (if Gree Electric Appliances, Inc. of Zhuhai
any)
Name Abbreviation in