Recently, Dong Mingzhu said at the Gree shareholders' meeting that shareholders should not be demanding how many cents the company earns, and companies should also reserve "dry food."At this shareholders' meeting, Dong Mingzhu said, "I understand everyone's expectations for dividends, but please also see that Gree has raised only 5 billion yuan in accumulated funds since its listing, and its cumulative dividends have exceeded 170 billion yuan. Shareholders want the 'horse to run,' and please insist on letting the 'horse have grass to eat.'"
Dong Mingzhu pointed out, "The fundamental of Gree Electric is to create value for consumers. Only when the products are recognized by the market can the company continue to make profits, and dividends will be a matter of course."
Data show that since Gree Electric went public in 1996, the cumulative dividend amount has exceeded 177.6 billion yuan (including repurchases and this interim profit distribution). Especially since 2012, the cumulative dividend amount has exceeded 172.2 billion yuan.
According to the latest announcement, Gree Electric’s “2025 Mid-Term Profit Distribution Plan” was passed with a high vote of 99.8959%. The company plans to distribute a cash dividend of 10 yuan (tax included) to all shareholders for every 10 shares based on 5.585 billion shares, totaling 5.585 billion yuan in cash dividends.
