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000651 on Shenzhen Stock Exchange

Gree Electric

Logo: Gree Electric Appliances Inc., Public domain, via Wikimedia Commons3

Chinese major appliance manufacturer headquartered in Zhuhai, Guangdong

GREE Electric Appliances Inc. of Zhuhai, branded as GREE, is a Chinese home appliances manufacturer headquartered in Zhuhai, Guangdong province. It is the world's largest air-conditioner manufacturer. The company offers two types of air conditioners: household air conditioners and commercial air conditioners.2 Its revenue was CN¥200 billion in 2018.1 Its shares trade on Shenzhen Stock Exchange under the symbol 000651.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1989Founded1

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  • Ticker000651 on Shenzhen Stock Exchange1
  • Industryelectronics1
  • HeadquartersZhuhai1
  • Websiteglobal.gree.com
  • Legal formpublic company1

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Photo: WhisperToMe, CC0, via Wikimedia Commons5

GREE Electric Appliances Inc. of Zhuhai, branded as GREE, is a Chinese home appliances manufacturer headquartered in Zhuhai, Guangdong province. It is the world's largest air-conditioner manufacturer. The company offers two types of air conditioners: household air conditioners and commercial air conditioners. The company also produces electric fans, water dispensers, heaters, rice cookers, air purifiers, water kettles, humidifiers and induction cookers, among other products. It distributes its products in China and abroad under the brand name GREE. The company has two joint-ventures with Daikin, Zhuhai GREE Daikin Device Co., Ltd., and Zhuhai GREE Daikin Precision Mold Co., Ltd.2

The story

GREE was established in Zhuhai, Guangdong, in 1989 under its former name of Zhuhai City Haili Cooling Engineering Company Limited (Chinese: 珠海市海利冷气工程股份有限公司). It was restructured and renamed GREE Electric Appliances Inc. of Zhuhai in 1994. The company started as a nameless factory with 200 employees and annual production of less than 20,000 units.

It was listed on the Shenzhen Stock Exchange in 1996. The company grew 47% in 2008, despite the 2008 financial crisis, booking $23 billion in contract sales. The company is a multinational enterprise with 70,000 employees and annual production of 65.5 million units. In April 2011, GREE announced that first-quarter net income rose 47 percent from a year earlier to 934.7 million Yuan.

From Wikipedia’s article on Gree Electric, shared under CC BY-SA 4.0.4

Products and brands

  • major appliance

Listed on Wikidata.1

GREE makes air-conditioners of all types and small household appliances. Between 2015 and 2021, Gree Electric also introduced several mobile phone models.

From Wikipedia’s article on Gree Electric, shared under CC BY-SA 4.0.4

Revenue over time

As stated on Wikidata, in the currency reported.

Revenue

  • 2018200.0B CNY1

Timeline

  1. 1989Founded Founded1

Sources

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