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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Gree Electric Appliances
Gree Electric Appliances (000651) investor relations material
Gree Electric Appliances Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary26 Oct, 2026
Executive summary
9M 2026 operating revenue was RMB 1265.44亿元, down 8.07% YoY; attributable net income was RMB 172.74亿元, down 19.51%.
Q3 revenue was RMB 368.71亿元, down 7.90% YoY, while attributable net income fell 43.31% to RMB 39.96亿元, mainly reflecting weaker consumer-appliance business.
Financial highlights
9M revenue was RMB 126,075,079,046.57, down 8.10% YoY; Q3 revenue was RMB 36,677,556,545.36, down 7.97%.
9M attributable net income was RMB 17,273,815,437.66, down 19.51%; Q3 was RMB 3,996,224,555.09, down 43.31%.
Adjusted for non-recurring items, attributable net income was RMB 16,402,876,911.93 for 9M, down 20.32%, and RMB 3,696,204,191.03 in Q3, down 44.32%.
9M operating cash flow was RMB 24,062,864,126.50, down 47.38% YoY; net income and operating cash flow were described as broadly matched.
Outlook and guidance
Differentiated competition focused on technology, quality and the mid-to-high-end market; sales prices remained relatively stable under a “quality, not price war” approach.
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Latest events from Gree Electric Appliances
- Revenue and profit fell year-over-year, with overseas sales under pressure and margins narrowing.000651
H1 2026 - Revenue and profit fell, but cash flow and dividends remained strong amid market headwinds.000651H2 2025
- Q1 2026 saw modest revenue and profit growth, but a sharp decline in operating cash flow.000651Q1 2026
- 2023 net profit surged 18.41% on record revenue, with strong cash flow and higher dividends.000651H2 2023
- Net profit grew 10.91% to CNY32.18 billion despite a 7.26% revenue decline in 2024.000651H2 2024
- Q3 2025 saw revenue and profit declines but a sharp rise in operating cash flow.000651Q3 2025
- Net profit grew 1.95% to ¥14.41 billion despite a 2.46% revenue decline in H1 2025.000651H1 2025
- Q3 2024 saw strong profit growth but a sharp decline in operating cash flow.000651Q3 2024
- Net profit rose 11.54% year-over-year to ¥14.14 billion on stable revenue growth.000651H1 2024
Next Gree Electric Appliances earnings date
H2 202629 Apr, 2027
Gree Electric Appliances
Next Gree Electric Appliances earnings date
H2 202629 Apr, 2027
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Frequently asked questions
Gree Electric Appliances Inc. is a Chinese manufacturer and distributor of household consumer goods and industrial equipment. The company's diverse product range includes smart household appliances, air conditioners, refrigerators, washing machines, water heaters, and kitchen appliances, among others. It also manufactures high-end equipment like precision molds, freezers, refrigeration equipment, motors, compressors, capacitors, semiconductor devices, and precision casting equipment. Gree Electric Appliances Inc. of Zhuhai is headquartered in Zhuhai, Guangdong, China, and its shares are listed on the Shenzhen Stock Exchange.