[Miss Dong wants to build the core? Gree may have to make a real move.] Yesterday, Zhuhai Gree released the 2017 annual financial report. The annual report shows that Gree achieved sales revenue of 148.28 billion yuan last year, an increase of 36.92% year-on-year; net profit also reached 22.4 billion yuan, a year-on-year increase of 37%. After deducting non-Geli net profit was as high as 21.17 billion yuan, an increase of 35.33%. Basic earnings per share of 3.72 yuan.
As a company that distributes dividends almost every year (only 10 years in the past, and only in 2006), Gree has been well-received by investors, but this year, they announced that they would not receive dividends. This has led to the disapproval of some investors. According to the official financial report, starting from actual business conditions, the company maintains financial stability and autonomy in order to meet capital expenditure requirements, enhances its ability to withstand risks, achieves sustainable, stable and healthy development of the company, and better protects the long-term interests of all shareholders. The company will not distribute profits in 2017, and will not transfer shares and capital reserves to increase share capital.
As regards the use of these retained funds, the official stated that according to the 2018 business plan and long-term industrial planning, the company expects capital expenditures in terms of capacity expansion and diversification to expand in the future, in order to seek the long-term development of the company and the long-term interests of shareholders. Companies need to make appropriate capital reserves. The company's retained funds will be used for production base construction, smart factory upgrades, and new technologies such as smart equipment, smart home appliances, and integrated circuits.
This is not the first amazing act of Miss Dong.
Prior to this, Ms. Dong had also thought of investing in the acquisition of Zhuhai Yinlong and involved in the field of new energy vehicles. But it failed. At the sensitive moment of the Sino-US trade war and the ZTE incident, Gree, like many manufacturers, emphasized at this moment the over-encapsulated IC. What is she thinking about?
But in fact, in this strict sense, it is not a hot spot for Gree. In the past year, Gree has set up a microelectronics department and plans to build its own chips.
According to Gree's introduction, Gree Microelectronics is a subsidiary of Gree Communications Technology Research Institute. It is the research and development unit under the leadership of Chairman Dong Mingzhu. The team members are all senior engineers from well-known companies in the industry, as well as overseas famous universities and world-renowned IP design companies. Has a long-term R & D cooperation.
The Microelectronics Division is based on Gree's one hundred billion consumer electronics market, focusing on smart home, Internet of Things, processor and advanced security SoC chip development, and promoting Gree’s diversified layout at full speed, committing itself to a leading position in the industry. The existing digital front-end, digital back-end, analog design, layout design, hardware design, software design, and power device design of the microelectronics department cover a complete R&D team in all aspects of the entire chip design. R&D personnel all have bachelor degree or above, over 80 % From 985/211 University.
According to their recruitment information last year, Gree recruited positions in addition to traditional positions such as digital engineers and analog engineers, and they also intend to recruit power semiconductor R&D engineers.
As a major air conditioner (2017 revenue of 123.41 billion yuan, accounting for 83.22%, an increase of 40.1% compared to 2016), and for mobile phone companies that need to be strong sellers, is there sufficient codec? wise? In addition, smart homes, Internet of things, processors and advanced security SoCs, as well as power semiconductors, Dong Mingzhu's ammunition depot is sufficient?
More than a decade ago, companies such as Motorola, Philips, Toshiba and NEC not only did terminals but also integrated circuit products. However, after years of development, they have also divested their semiconductor-related businesses and operated independently. However, in recent years, some domestic terminal manufacturers have begun to expand upstream. Even the real estate also said to do the chip, this operation is really people do not understand.
Back to Gree, Cao Shanshi, a well-known user of Weibo, gave his comments on Gree:
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