Gree Electric Appliances I – Corporate Update
- Share Price – As of 07:56 AM Central Europe on Friday 23 Feb 2026, the share price of Gree Electric Appliances I (000651.SZ) was unchanged (0 % movement) over the preceding 24‑hour period.
- Current Price – The share trades at approximately CN¥ 37.34 on major exchanges.
- Outstanding Shares – 5.6 billion shares are currently in circulation.
- Market Capitalisation – The market value is CN¥ 28.7 billion.
- Trading Volume – In the last 24 hours, shares worth about CN¥ 2.4 billion were traded.
- Performance Trend – Since the end of the previous month, the share price has fallen by 2.42 %.
- Technical Indicators –
- 200‑day simple moving average: CN¥ 39.12.
- 52‑week high: CN¥ 42.48 (30 Jul 2026).
- 52‑week low: CN¥ 36.27 (22 Jun 2026).
Recent Corporate Action – Share Repurchase
- Gree Electric Appliances I completed a share‑repurchase program, buying back 1.38 billion shares through its dedicated securities account.
- Repurchase prices ranged from CN¥ 73.66 to CN¥ 87.71 per share.
- Total cash outlay exceeded CN¥ 112 billion.
- The company will cancel the repurchased shares and reduce capital, which is expected to increase earnings per share and provide direct shareholder returns.
- This activity aligns with a trend among leading Chinese manufacturers to reduce capital in order to enhance shareholder value.
- The share‑repurchase is part of a broader strategy that includes employee‑ownership plans and incentive schemes to align management and shareholder interests.
- The repurchase follows a period of market volatility; Gree’s shares have shown resilience amid broader sector swings.
Related Stock Activity – 24‑Hour Snapshot
| Stock | Ticker | 24‑Hour Movement | Current Price | Market Cap | P/E Ratio |
|---|---|---|---|---|---|
| Cosco Shipping –H | 1919.HK | -3.99 % | HKD 16.08 | HKD 37.1 bn | 7.2 |
| New Hope Liuhe | 000876.SZ | 0 % | CN¥ 6.79 | CN¥ 34 bn | — |
| Quectel Wireless | 603236.SS | 0 % | CN¥ 79.44 | CN¥ 34 bn | 25.51 |
| Suzhou Tianmai Thermal Tec | 301626.SZ | 0 % | CN¥ 256.87 | CN¥ 31 bn | — |
| JD.com | 9618.HK | -4.28 % | HKD 100.6 | HKD 37.1 bn | 17.05 |
Company Profile
Gree Electric Appliances Inc. of Zhuhai specializes in manufacturing and selling a range of air conditioners, including window, split, floor, mobile, mobile‑split, and ceiling types, as well as air purifiers. The company’s stock is listed on the Shenzhen Stock Exchange. The initial public offering took place on 30 Oct 1996. For additional information, visit the company’s website at www.gree.com.cn .
