Gree Electric Appliances Net Worth is9.7 $Billion
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Company Name: Gree Electric Appliances Inc of Zhuhai , ????????????

Company Type: State-owned enterprise

Foundation: 1991

Location City: Zhuhai, Guangdong

Location Country: People's Republic of China

Key People: Mr. Zhu Jianghong (Chairman), Miss Dong Mingzhu (General manager)

Area Served: Worldwide

Industry: Household appliances

Products: Major appliances, Small appliances

Revenue: US$6.2 billion (2010)

Num Employees: 40,000

Parent: Zhuhai Gree Corporation

Company Slogan: Making Better Air Conditioners

Homepage: [http://www.gree.com.cn/ www.gree.com.cn]

Gree Electric Appliances Inc. (Chinese: c? aeu?ae 1/4 a??c?ua??e??a>> 1/2 ae??e??a??a?,) (SZSE: 000651) is a Chinese major appliance manufacturer headquartered in Zhuhai, Guangdong. It is the world's largest residential air-conditioner manufacturer. The Company offers two types of air conditioner: household air conditioners and commercial air conditioners. The Company also provides electric fans, water dispensers, heaters, rice cookers, air purifiers, water kettles, humidifiers and induction cookers, among others. The Company distributes its products within Chinaa??s domestic market and to overseas markets under the brand name of Gree.
Gree was established in Zhuhai, Guangdong in 1989 with its former name of Zhuhai City Haili Cooling Engineering Company Limited. It was restructured and renamed to Gree Electric Appliances Inc, of Zhuhai in 1992. The company started as a nameless factory with 200 employees and annual production of less than 20,000 units.
It was listed on the Shenzhen Stock Exchange in 1996. The company grew 46% in 2008, notwithstanding the global recession, booking $23 billion in contract sales. The company is a multinational enterprise with 40,000 employees and annual production of 20 million units. 64% of the company is owned by the Chinese government, while 36% by other parties. In April 2011, Gree announced first-quarter net income rose 46 percent from a year earlier to 934.7 million Yuan.
Gree makes air-conditioners of all types, and small household appliances.

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