Gree Electric has passed a resolution and will distribute dividends to shareholders again.Gree Electric's announcement stated that the company plans to distribute a cash dividend of 10 yuan (tax included) to all shareholders for every 10 shares. It will not send bonus shares, and will not convert public reserve funds into share capital. A total of 5.522 billion yuan will be distributed in cash dividends.
Prior to this, Dong Mingzhu publicly responded to her bet with Lei Jun. She said that Lei Jun lost in the first five years. As for the second five years, no one bet with him. Success or failure has its own logic. "
"I have the goal of maximizing the interests of shareholders. Then you Lei Jun compare with me, how much money have you distributed to shareholders? After you have taken so much money from shareholders and used it up, where has the money gone? What is the return to shareholders?"
In 2013, Dong Mingzhu and Lei Jun were both entrepreneurs. Dong Mingzhu represented traditional manufacturing, while Lei Jun represented "Internet + manufacturing". Regarding the different development models, the two had a heated debate, which eventually turned into a bet, with 1 billion as a bet. Five years later, Gree or Xiaomi would have higher revenue.
If it had been a 10-year period, Dong Mingzhu would have lost. In 2023, although Gree Electric's revenue hit a record high, it would only be 205 billion, while Xiaomi's revenue has grown to 271 billion, which is 32% higher than Gree Electric.