Gree Electric (000651.SZ) released semi-annual results, with net profit of 13.278 billion yuan to mother, a year-on-year decrease of 7.87%

According to Zhitong Finance App, Gree Electric (000651.SZ) released its 2026 semi-annual report. During the reporting period, the company achieved operating income of 89.398 billion yuan, a year-on-year decrease of 8.15%; realized net profit attributable to shareholders of listed companies of 13.278 billion yuan, a year-on-year decrease of 7.87%; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 12.707 billion yuan, a year-on-year decrease of 8.89%; basic earnings per share were 2.38 yuan.

In the first half of 2026, global consumption recovery was uneven, terminal demand was weak, compounded by multiple external pressures such as geographical conflict disturbances and high overseas channel inventories, and the overall domestic household air conditioning export market was under pressure. The sharp decline in the Middle East business dragged down the company's overall overseas market performance. At the same time, the company's overseas market strategy of pursuing brand value and quality premiums affected the scale of overseas shipments to a certain extent. Affected by multiple internal and external factors, the company's overseas business achieved revenue of 12.744 billion yuan in the first half of 2026, a year-on-year decrease of 21.98%.