What's the matter with Dong Mingzhu and Lei Jun's one billion dollar gambling agreement? On the evening of April 28, Gree Electric disclosed its 2018 annual report, with an operating revenue of 1981.2 billion yuan in 2018. As a result, Gree beat Xiaomi by 174.9 billion yuan with a total revenue of 1981.2 billion yuan, and Dong Mingzhu officially won the "one billion dollar bet" with Lei Jun five years ago.
On the evening of April 28, Gree Electric disclosed its 2018 annual report. In 2018, it realized an operating revenue of RMB 1981.02 billion, with a year-on-year growth of 33.61%; and realized a net profit of RMB 26.202 billion, with a year-on-year growth of 16.97%. The company plans to distribute cash dividends of 15 yuan (including tax) to all shareholders for every 10 shares.
Gree also said that in order to further improve its sales channels, promote online sales and promote the company's emerging industrial products, the company plans to increase its e-commerce business in the business scope of its articles of association.
As a result, Gree beat Xiaomi by 174.9 billion yuan with a total revenue of 1981.2 billion yuan, and Dong Mingzhu officially won the "one billion dollar bet" with Lei Jun five years ago.
In December 2013, Lei Jun and Dong Mingzhu bet that if Xiaomi's turnover can beat gree in five years, Dong Mingzhu will lose Lei Jun one yuan. And Dong Mingzhu is full of domineering said, a dollar what good bet, to bet on a billion.
On March 19, Xiaomi released its first annual report after listing. As of December 31, 2018, Xiaomi achieved an operating revenue of 174.915 billion yuan and an adjusted net profit of 8.555 billion yuan.
According to the previous annual performance forecast of Gree Electric in 2018, the company is expected to achieve a total operating revenue of 200 billion yuan to 2010 billion yuan and a net profit attributable to shareholders of listed companies of 26 billion yuan to 27 billion yuan, with a year-on-year growth of 16% - 21%. Even according to the lower limit of Gree Electric's operating revenue, Xiaomi has not exceeded Gree Electric, and the outcome of both sides has been decided.