Gree shareholder plans 111,702,774-share sale of Gree stock

Published on 10/16/2026 at 11:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Gree plans to sell 111,702,774 shares through block trades. For Gree stock, a 16.11 percent stake and 2.00 percent cap frame the October 12, 2026 move.

Ownership change and operating pressure

Zhuhai Mingjun planned to sell 111,702,774 shares on October 12, 2026.
First-half revenue reached CNY 89.398 billion on September 22, 2026.
Gree had a CNY 220.6 billion market capitalization as of October 16, 2026.

Gree, CNE0000001D4, Illustration mit AI erstellt.

Gree stock (ISIN CNE0000001D4) was last at CNY 39.49 on Shenzhen on October 16, 2026 at 3:04 p.m. CST. The latest company event was a planned reduction by major shareholder Zhuhai Mingjun, which could involve up to 111,702,774 shares, according to min.news on October 12, 2026.

Revenue pressure sets the backdrop

Gree reported first-half 2026 revenue of CNY 89.398 billion on September 22, 2026, down 8.15 percent from the prior-year period. Net profit attributable to shareholders fell 7.87 percent to CNY 13.278 billion, while adjusted net profit declined 8.89 percent to CNY 12.707 billion, according to Electrical Appliances Association on September 22, 2026.

The comparison is sharper in the second quarter: revenue reached CNY 46.431 billion, down 16.82 percent year over year, while net profit attributable to shareholders was CNY 7.195 billion, down 15.43 percent. Guoxin Securities kept an Outperform rating while projecting 2026 net profit of CNY 28.3 billion, according to Futunn on September 23, 2026.

Three dated signals for Gree

On September 22, 2026, Gree reported first-half revenue of CNY 89.398 billion and net profit of CNY 13.278 billion. On September 23, 2026, Guoxin Securities projected CNY 28.3 billion in 2026 net profit while retaining its Outperform rating. On October 12, 2026, Zhuhai Mingjun planned to sell up to 111,702,774 shares, capped at 2.00 percent of the company.

What does the sale mean for supply?

Zhuhai Mingjun held 902,359,632 shares, or 16.11 percent of Gree, before the plan, and the transaction can begin after 15 trading days and run for three months. The proceeds are intended to repay bank loans, according to min.news. For investors, the supply question meets a business profile in which revenue and profit both contracted in the first half, although the profit decline was smaller than the revenue decline.

Market value and trading range

Gree had a CNY 220.6 billion market capitalization on October 16, 2026, while its Shenzhen 52-week range stood at CNY 36.27 to CNY 42.48. The CNY 39.49 price leaves the stock above its yearly low and below its yearly high, placing the planned sale alongside a still-broad trading range.