Gree eyes Europe growth: Gree stock sits 8.59 percent below its high

Published on 10/09/2026 at 11:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue fell 8.15 percent to CNY 89.40 billion. Gree stock was last at CNY 38.83 versus its CNY 42.48 high on October 9, 2026.

Key points in brief

Gree Electric Appliances identified Europe as a growth opportunity after strong regional air-conditioning demand.
First-half 2026 revenue fell 8.15 percent to CNY 89.40 billion and net profit declined 7.87 percent.
Gree stock was last at CNY 38.83 on October 9, 2026, 8.59 percent below its 52-week high.
Investing.com listed an average 12-month analyst target of CNY 44.38 from 18 analysts.

Gree, CNE0000001D4, Illustration mit AI erstellt.

Gree Electric Appliances, Inc. of Zhuhai (ISIN CNE0000001D4) identified Europe's cold winters as its next growth opportunity on September 18, 2026, according to Marketscreener. The company discussed European expansion, energy storage and artificial intelligence as regional priorities.

Three milestones shape the story

On April 28, 2026, Gree's first-quarter profit rose 3 percent on higher revenue, according to Marketscreener. The same timeline records the half-year results announced on August 26, 2026, covering the period ended June 30, 2026.

Those half-year figures were weaker: Electrical Appliances Association reported first-half revenue of CNY 89.40 billion, down 8.15 percent year over year, while net profit attributable to shareholders fell 7.87 percent to CNY 13.28 billion.

On September 18, 2026, Gree's European expansion story gained a more concrete operating figure. A report by Storm said sales in parts of Norway and Denmark rose 92 percent in the first half of 2026.

What does Europe mean for margins?

The regional opportunity is material because it contrasts with the weaker consolidated picture. Gree's first-half revenue declined 8.15 percent, while the reported European sales increase of 92 percent in selected markets points to a geographic mix that could matter more if expansion continues.

Analyst expectations also provide a benchmark. Investing.com listed an average 12-month target of CNY 44.38 from 18 analysts, compared with a 52-week high of CNY 42.48. The target is a consensus reference, not a company forecast.

Stock remains below its yearly high

Gree stock was last at CNY 38.83 on Shenzhen on October 9, 2026 at 3:04 p.m. CST. The quote was 8.59 percent below the CNY 42.48 52-week high and implied a market capitalization of CNY 216.2 billion.