Gree Electric Appliances plans share sale. Gree stock has CNY 215.6 billion value

Published on 10/20/2026 at 12:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Zhuhai Mingjun may sell 111,702,774 shares, capped at 2.00 percent of total capital. Gree stock reported CNY 89.40 billion in first-half 2026 revenue.

Ownership change and operating pressure

Zhuhai Mingjun planned to reduce its Gree stake by 111,702,774 shares on October 17, 2026.
First-half 2026 revenue fell 8.15 percent to CNY 89.40 billion.
Gree Electric Appliances had a CNY 215.6 billion market capitalization on October 20, 2026.
The next earnings report was scheduled for October 27, 2026.

Gree, CNE0000001D4, Illustration mit AI erstellt.

Gree Electric Appliances (ISIN CNE0000001D4) had received a notice for a planned sale of up to 111,702,774 shares, equal to 2.00 percent of its share capital, on October 17, 2026, as min.news reported. The planned transaction puts shareholder supply alongside weaker first-half revenue as the key context for Gree stock.

Share sale sets a 2.00 percent cap

Zhuhai Mingjun, described by min.news on October 17, 2026, as Gree's largest shareholder, held 902,359,632 shares, or 16.11 percent of the company. The reduction may take place through block trades within three months after 15 trading days from the announcement date, with proceeds intended to repay bank loans.

What does the sale mean for supply?

The proposed maximum of 111,702,774 shares is materially smaller than the shareholder's 16.11 percent holding, but it creates a defined supply overhang. Gree's market capitalization stood at CNY 215.6 billion on October 20, 2026, while the Shenzhen quote was CNY 38.60 at 3:04 p.m. CST that day.

Three dates frame the stock

On August 27, 2026, Gree's shares reached an ex-dividend date, according to Yahoo Finance. On September 22, 2026, Gree reported first-half revenue of CNY 89.398 billion, down 8.15 percent year over year, and net profit of CNY 13.278 billion, down 7.87 percent, according to the Electrical Appliances Association. On October 17, 2026, the planned 111,702,774-share reduction became the latest dated event.

Margins offset part of the pressure

For the second quarter of 2026, Gree reported revenue of CNY 46.431 billion, down 16.82 percent year over year, while net profit reached CNY 7.195 billion, down 15.43 percent. The gross margin nevertheless rose 0.78 percentage points year over year to 30.11 percent, according to Futu on September 23, 2026. That mix leaves investors weighing resilient profitability against falling sales and the planned share supply.

Next report is scheduled for October 27

The next earnings report was scheduled for October 27, 2026, according to TradingView. That date should provide the next quantified test of demand, margins and the effect of the shareholder transaction.

Shenzhen quote and company profile

Gree Electric Appliances is listed on the Shenzhen Stock Exchange under ticker 000651.SZ and operates in consumer discretionary products, including air conditioners, appliances and industrial equipment. Its stock was last at CNY 38.60 on October 20, 2026 at 3:04 p.m. CST on Shenzhen, with a market capitalization of CNY 215.6 billion on that date.