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Gree Group

Zhuhai Gree Group Co., Ltd.
Formerly called
Zhuhai Gree Group Corporation
state-owned enterprise with limited liabilities
Industry Conglomerate
Founded
  • 28 March 1985 (1985-03-28) (predecessor)
  • 15 December 1990 (1990-12-15) (as Gree Group)
Founder Zhuhai Government
Key people
Zhou Lewei (Chairman & Party Committee Secretary)
Products
  • Real Estate
  • Electric Appliances
Services Airline (via joint venture)
Profit DecreaseCN¥2.415 billion
Total assets Increase CN¥171.607 billion (2015)
Total equity Increase CN¥13.680 billion (2015)
Owner Zhuhai Government (100%)
Parent Zhuhai SASAC
Subsidiaries Gree Electric (18.22%)
Website www.gree.cn
Footnotes / references
in a consolidated basis, in Chinese Accounting Standards

Zhuhai Gree Group Co., Ltd. is a Chinese state-owned enterprise based in Zhuhai, Guangdong Province. The enterprise was supervised by the State-owned Assets Supervision and Administration Commission (SASAC) of Zhuhai local government.

Gree Group was the parent company of publicly traded companies Gree Electric and Gree Real Estate. The stake of Gree Real Estate that held by the group was transferred to another entity of Zhuhai Municipal People's Government in mid-2015 (along with others assets, such as a management company of Zhuhai checkpoint of Hong Kong–Zhuhai–Macau Bridge). As at 31 December 2015, Gree Group owned just 18.22% stake of Gree Electric, but able to control their board of directors. Gree Group and Gree Electric also shared the same chairwoman Dong Mingzhu until November 2016. She was replaced by Zhou Lewei (Chinese: 周乐伟). Zhou also became Party Committee Secretary, replacing Meng Xiangkai (Chinese: 孟祥凯).


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