4hw.com.cn: on April 26, the management department of Shenzhen Stock Exchange issued the letter of concern on Zhuhai Gree Electric Co., Ltd., requiring the board of directors of Gree Electric to make explanations on two matters. As of today's close, Gree Electric Co., Ltd. closed at 45.58 yuan, down 8.97%, due to its first non dividend payment in 11 years.
First, it is required that Gree Electric Equipment conclude the contract industry characteristics, its own business model, multi-year financial indicators, etc., explain the development stage, industry characteristics, capital demand and other conditions of the company, and explain the specific reason and rationality of the lack of cash dividends in 2017, and whether it conforms to the profit distribution policy stipulated in the articles of association, in combination with the current capital situation of the company.
Second, Gree Electric is required to explain the development of investor relationship management in 2017 and 2018 to date, and whether it has effectively protected the interests of small and medium-sized investors.
On the evening of April 25, Gree Electric released its 2017 annual report. In 2017, the company's operating revenue reached 148.29 billion yuan, a year-on-year increase of 36.92%; its net profit reached 22.4 billion yuan, a year-on-year increase of 44.87%. However, in 2017, no cash dividends, bonus shares or capital stock will be distributed.
Gree Electric said in its annual report that the non dividend in 2017 is the company's reserved funds will be used for the construction of production bases, upgrading of smart factories, technical research and development and market promotion of new industries such as smart equipment, smart home appliances, integrated circuits, etc. according to the 2018 business plan and long-term industrial plan.