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Gree at the end of the third quarter deposit of 23 billion RMB

Gree  third quarter report, the company continues  in the previous three quarters of high-speed growth, total operating income reached 64 billion yuan, year by year increase of 44.65%; Attributable to shareholders of a listed company net profit of 3.77 billion yuan, year by year increase of 30.53%; Basic earnings  share of 1.33 yuan.
Divide a quarter to see, third quarterly performance growth slowed. The data show that the company to realize the third quarter operating income 23.8 billion yuan, a year by year increase of 24%; Realize attributable to shareholders of a listed company net profit of 1.565 billion yuan, a year by year increase of 18.79%, basic earnings per share of 0.55 yuan.
The concern is, at the end of the third quarter as, gree payment in advance as high as 22.94 billion yuan, a year by year growth of 91% compared to 12 billion yuan, 6.545 billion yuan of the final projects center daily news, their rate as high as 250%.
Researchers think  about industry, air conditioning industry since the new frozen annual April, gree electric appliances payment in advance a substantial growth is most likely caused by the payment in advance dealers, it shows that the dealer to 2012 frozen annual air conditioning industry of gree electric appliances and valued support.
The person inside course of study also points out, the dealer pay  in advance is air conditioning industry practice, the credit-tightening background, gree electric appliances payment in advance as high as 22.9 billion yuan, obviously is not only the dealer in industrial levels to the support of the company's products, but also for the gree electric appliances future performance to provide the safeguard.
1 to 2011 in August, gree frequency conversion air conditioning accumulative total sales of 7.326 million, the total sales of frequency conversion air conditioning industry of 32.67%. Although the European and American debt crisis, the overseas market is a bit of a downturn, gree air-comdition export momentum is still rapidly. According to understand, in the first three independent brand gree export more than 2.5 million sets, an increase of nearly 50%. Industry insiders predict, 2011 gree electric appliances for full-year operating income is expected to "protect the eight (ten billion yuan) at nine (ten billion yuan)," become China's household electrical appliance industry first rely on a single category products 0.1 trillion sprint of the enterprise



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