Gree Electric Appliances Inc of Zhuhai Class A

000651: XSHE (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Gree Earnings: Resilience in First Quarter Outshines 2025 Weakness; Shares Undervalued

Jeff Zhang

May 1, 2026

Gree's 2025 revenue and operating profit declined 10% and 7% year on year, respectively, due to sluggish domestic sales of air conditioners and other appliances. Conversely, the firm saw 3% and 1% respective growth in revenue and operating profit in the first quarter of 2026.

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Gree Electric Appliances Inc of Zhuhai Class A

Gree Earnings: Resilience in First Quarter Outshines 2025 Weakness; Shares Undervalued

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