Gree Electric's net profit in the first half of the year was 11.466 billion yuan

Gree Electric announced its 2022 semi-annual report on the evening of August 30. In the first half of the year, its operating income was 95.222 billion yuan, a year-on-year increase of 4.58%; its net profit attributable to its parent was 11.466 billion yuan, a year-on-year increase of 21.25%. Gree Electric is a diversified and technology-based global industrial group. It owns three consumer brands, Gree, TOSOT, and Jinghong, as well as industrial brands such as Linda, Kaibang, and Xinyuan. In terms of household air conditioners, according to data released by Euromonitor International, an authoritative market research organization, Gree's global market share will reach 20.2% in 2021, ranking first in the world again.

In the first half of 2022, Gree Electric applied for 3,578 patents, including 2,019 invention patent applications, and 1,622 invention patent authorizations. In the first half of 2022, the company will continue to carry out key quality technology research and key research projects for ten-year quality assurance around the policy of " ten-year free repair of household air conditioners " to improve product reliability and stability, and continuously improve customer satisfaction.

In terms of the lithium battery business, in 2022, Gree Titanium New Energy's patent "A Lithium Titanate Composite Material and Its Preparation Method, Anode Sheet and Lithium Ion Battery" won the China Patent Gold Award and won the lithium battery industry. The company has newly developed the lithium titanate square shell battery with the largest mass-produced monomer capacity (above 155Ah) in the industry, and the volumetric energy density has increased by nearly 50%. IP68; the company's technology center is recognized as a provincial enterprise technology center.

The company deploys 3-5C fast-charging power battery products and has developed special power batteries for heavy trucks, mining trucks, tractors, port machinery, oilfield equipment, etc., which are widely used in more than 30,000 urban fast-charging pure electric buses and hybrid buses. Indian two-wheelers, European rail vehicles, and other fields. During the reporting period, the company's domestic and overseas power battery orders increased rapidly. The company achieved technological output and economic value by deepening long-term strategic cooperation with domestic customers such as Foton, and commercial cooperation with customers in Central European countries such as Poland.

In terms of the semiconductor business, in the first half of 2022, Zero Boundary Integrated Circuit Co., Ltd., a wholly-owned subsidiary of Gree Electric, achieved a 260% increase in operating income. Gree Semiconductor's MCU series chips have been popularized and applied in batches in household air conditioners, commercial multi-connectors, wire controllers, remote controls, and other series of household appliances, with an annual consumption of more than 10 million pieces; smart home series chips (AIoT SoC) integrate high-performance AI computing Power and embedded MCUs have been popularized and applied in smart air conditioners and smart small household appliances, and have provided complete software and hardware solutions; power semiconductor IGBT, IPM and other series of products have achieved millions of inverter air conditioners. Apply in batches. The cumulative shipments of Gree semiconductor products exceeded 88 million.

In terms of e-commerce live broadcast, in the first half of the year, the company focused on building various matrix accounts of Mingzhu Yutong, building various types of live broadcast rooms with Chairman Dong Mingzhu as the IP, and combining short videos to promote seasonal products and promote the sales of all categories of products; The live broadcast matrix is ​​built to cover the whole country with the normalized live broadcast of each base.

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