[年报]格力电器(000651):2022年年度报告(英文版)
原标题:格力电器:2022年年度报告(英文版) 2022AnnualReport April2023 2022AnnualReport SectionIImportantNotice,ContentsandParaphrase TheBoardofDirectors,BoardofSupervisors,directors,supervisorsandseniorexecutivesoftheCompanyherebyguaranteethatthecontentsareauthentic, accurate and complete, without false records, misleadingrepresentationsormaterialomissionsintheAnnualReport,andshalltakeallthejointandseverallegalliabilities. Dong Mingzhu, the Company's responsible person, Liao Jianxiong,responsible person in charge of accounting work and Liu Yanzi, theAccountingDepartment'sresponsibleperson(accountingsuperintendent)herebydeclareandwarrantthatthefinancialreportintheAnnualReportisauthentic,accurateandcomplete. AllthedirectorshaveattendedthemeetingoftheBoardofDirectorsinrespectofdeliberationoftheAnnualReport. The forward-looking statements such as future plans and developmentstrategiesintheAnnualReportdonotconstituteasubstantivecommitmentof the Company to investors. Investors and relevant persons shouldthereforemakerationalinvestmentbasedonanawarenessofriskfactorsattendant in investment and understand the differences between plans,forecastsandcommitments. TheCompany'sprofitdistributionproposalpassedupondeliberationatthemeetingoftheBoardofDirectorsissetoutasbelow:Basedonthetotal sharecapitalof5,613,841,613sharesenjoyingprofitdistributionrightsatthetimeofdisclosureofthisprofitdistributionplan(thetotalstockcapitalof 5,631,405,741 shares excluding the 17,564,128 shares held in therepurchaseaccountoftheCompany),theCompanyplanstodistributeallshareholdersacashdividendofRMB10(taxincluded)per10shares,butdoesnotplantogiveanybonusshareorconvertanycapitalreservesintosharecapital. Contents SectionIImportantNotice,ContentsandParaphrase.........................................................2 SectionIICompanyProfileandMainFinancialIndicators................................................7SectionIIIManagementDiscussionandAnalysis...............................................................12 SectionIVCorporateGovernance........................................................................................58 SectionVEnvironmentalandSocialResponsibility...........................................................82 SectionVIImportantMatters.............................................................................................131 SectionVII.ChangesinSharesandShareholders............................................................155 SectionVIIIPreferredShareRelatedInformation..........................................................166 SectionIXBondRelatedInformation................................................................................167 SectionXFinancialStatements...........................................................................................170 References (I)TheaccountingstatementssignedandsealedbyDongMingzhu,thelegalrepresentative,LiaoJianxiong,responsible personinchargeofaccountingworkandLiuYanzi,theAccountingDepartment'sresponsibleperson.(II)TheoriginalauditreportsealedbyUnionPowerCertifiedPublicAccountants(SpecialGeneralPartnership)with signaturesandsealsofcertifiedpublicaccountantsWuZihaoandQiuYiwu.(III) Originals and original drafts of all the Company'sdocuments andannouncements published on the newspapers designatedbyCSRCandonCNINFO(http://www.cninfo.com.cn)withinthereportperiod.Paraphrase
I.Companyinformation
AccountingfirmengagedbytheCompany
FinancialadviserengagedbytheCompanytoperformcontinuoussupervisionduringthereportperiod□Applicable?NotApplicable VI.Mainaccountingdataandfinancialindicators WhethertheCompanyhasretroactiveadjustmentorrestatementofpreviousaccountingdata□Yes?No
whicheverislower,isnegative,andtheauditreportofthelastyearshowsthattheCompany'sabilitytocontinueasagoing concernisuncertain □Yes?No Thenetprofitsbeforeandafterdeductingnon-recurringprofitsandlosses,whicheverislower,isnegative□Yes?No VII.Accountingdatadifferencesunderdomesticandforeignaccountingstandards1.Differencesinnetprofitsandnetassetsinthefinancialreportdisclosedundertheinternationalaccountingstandardsandthatdisclosedunderthedomesticaccountingstandards□Applicable?NotApplicable Therewasnodifferenceinnetprofitsandnetassetsinthefinancialreportdisclosedundertheinternationalaccounting standardsandthatdisclosedunderthedomesticaccountingstandardsduringthereportperiod.2.Differencesinnetprofitsandnetassetsinthefinancialreportdisclosedundertheoverseasaccountingstandards andthatdisclosedunderthedomesticaccountingstandards □Applicable?NotApplicable Therewasnodifferenceinnetprofitsandnetassetsinthefinancialreportdisclosedundertheoverseasaccountingstandards andthatdisclosedunderthedomesticaccountingstandardsduringthereportperiod.VIII.Quarter-basedmainfinancialindicators Unit:yuan(RMB)
reportandsemi-annualreport □Yes?No IX.Non-recurringprofitandlossitemsandamounts ?Applicable□Notapplicable Unit:yuan(RMB)
Unit:yuan(RMB)
DisclosureforCompaniesOfferingTheirSecuritiestothePublic-Non-recurringProfitsandLossesasrecurringprofitand lossitems □Applicable?NotApplicable Nonon-recurringprofitandlossitemslistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic-Non-recurringProfitsandLossesweredefinedbytheCompanyasrecurringprofitandlossitems. SectionIIIManagementDiscussionandAnalysis I.IndustrysituationoftheCompanyduringthereportperiod 1.Consumerfield ? multichannelpromotionof consumptionupgradingfor overallpressure onthe householdapplianceindustry In2022,theoverallpressureonsalesinthehouseholdapplianceindustryhasledtoincreasinglyfiercemarketcompetition. Thepenetrationrateofemergingchannelscontinuestogrow,acceleratingtheintegrationofonlineandofflinechannels. Gree'sproductsintheconsumptionfieldcoverresidentialairconditioners,HVAC,refrigerators,washingmachines,water heaters,kitchenappliances,andenvironmentalproducts,etc.In2022,theCompanyworkedhardinthefaceofchallenges andchanges.Ithascontinuouslyimproveditsinternalstrength,upgradeditsindustry,deeplyexploredconsumerdemand, andcontinuouslyinnovatedproductsprovidingtousers,achievingsteadygrowthinoverallperformance.(1)TheindustrysizeofthehouseholdapplianceexperienceddeclinesIn2022,boththeexportanddomesticmarketsalesofthehouseholdapplianceindustryexperiencedvaryingdeclinesinthe scale.The2022AnnualReportofChina'sHouseholdApplianceIndustryissuedbytheNationalHouseholdApplianceIndustryInformationCenter(NAIC)showsthatthedomesticsalesvolumeofthehouseholdapplianceindustryin2022was RMB730.72billion,withayear-on-yeardecreaseof9.5%.Affectedbyfactorssuchasglobalinflationandthecomplexand volatileinternationalsituation,theexportvalueofChina'shouseholdapplianceshasdecreased.In2022,theexportvolumeof thehouseholdapplianceindustrywasRMB568.16billion,withayear-on-yeardecreaseof10.9%.(2)Themarketsizeoftheairconditionerdeclinedin2022 In2022,theglobalandChineseexternalenvironmentofairconditionermarketswaspoor,withasignificantdeclineinthe salesmarketsize.ThesummarydatareleasedbyAllViewCloud(AVC)showsthattheglobalmarketsizeofhouseholdairconditionersin2022was160millionsets,withayear-on-yeardecreaseof3.1%,andthedomesticmarketsizewas80.22 millionsets,withayear-on-yeardecreaseof1.6%.Aircon'sstatisticsshowa2.6%year-on-yeardeclineintheoverallmarket capacityofcentralairconditionersinChinain2022. (3)IncreaseinpenetrationrateofemergingchannelschangedthechannelstructureWiththechangesinusers'lifestyles,interests,andhobbies,thetraditionalofflinesaleshavebeenshiftingtowardsonline. The2022AnnualReportofChina'sHouseholdApplianceIndustryissuedbytheNAICshowsthattheonlineretailsalesvolumeofChina'shouseholdapplianceindustryreachedRMB422.66billion,withacontributionrateof57.8%,indicatinga furtherincreaseintheproportionofonlinechannels.Theriseofemergingchannelssuchasshort-formvideoandlivestreams hasdividedupthemarketshareoftraditionale-commercechannels,drivingtheadjustmentofthechannelstructure. 2.Industrialfield?steadyprogressoftheindustrywithacceleratedstructuraladjustmentandtransformationand upgrading AccordingtodatafromtheMinistryofIndustryandInformationTechnology(MIIT),in2022,China'stotalindustry'svalue addedexceededtheRMB40trillion,accountingfor33.2%ofGDP.Themanufacturingindustry'svalueaddedaccountedfor 27.7%ofGDP,anditssizehasrankedfirstintheworldfor13consecutiveyears;thehigh-techmanufacturingindustry accountedfor15.5%ofthevalueaddedofindustriesabovedesignatedsize,whiletheequipmentmanufacturingindustry accountedfor31.8%ofthesame.Theproductionofnewenergyvehiclesandphotovoltaicshasconsistentlyrankedfirstin theworldformanyyears.Thetransformationandupgradingoftraditionalindustrieshavebeenaccelerating,andaswellas thedevelopmentofnewindustries,theindustrialsystemhasbeenmoresound,withthecontinuouslyoptimizedindustrial structure. TheCompanyhas activelypromotedindustrialtransformation,with industrialproductscoveringhigh-end equipment, precisionmolds,compressors,motors,industrialenergystorage,newenergybuses,renewableresources,etc.,transforming andupgradingfrom"traditionalmanufacturing"to"intelligentmanufacturing,"strivingtobuildahigh-end,intelligent,and greentechnology-basedenterprise. (1)IntelligentmanufacturingboostsindustrialtransformationandupgradingFromMadeinChina2025toDevelopmentPlanonSmartManufacturingDuringthe"14thFive-YearPlan",relevantpoliciesalltakethedevelopmentofadvancedintelligentmanufacturingindustryasthecoregoaltooverallarrangeandplan thepromotionofmanufacturingpower.Basedonthestrongsupportofthegovernment,China'sintelligentmanufacturing industryhasmaintainedarapidgrowth,andithasbecomeanewdevelopmentdirectionforChina'smodernadvancedmanufacturingindustry.AccordingtodatafromShangpuGroup,amarketresearchinstitution,themarketsizeofChina's intelligentmanufacturingindustryin2022isUSD540billion,anditisexpectedtoreachUSD700billionby2024.(2)Thenewenergysectormaintainsacontinuoushighprosperity Drivenbythe"dualcarbon(carbonpeakingandcarbonneutrality)policies",thenewenergyindustryhasanobviousgrowth trend.TheActionPlanforCarbonPeakingBefore2030issuedbytheStateCouncilclearlyproposestovigorouslypromote newenergyvehicles,achievingtheproportionofabout40%ofnewandcleanenergy-poweredvehiclesby2030.According tothedatareleasedbytheChinaPassengerCarAssociation(CPCA),themarketpenetrationrateofnewenergypassenger vehiclesreached27.6%in2022,whichwillfurtherincreaseto36%in2023basedonpredictions.Itwillcontinuetorapidly increaseinthefuture.AccordingtodatafromChinaBuses(www.chinabuses.org),in2022,thesalesofnewenergybuses above6mbykeydomesticbuscompaniesincreasedby21.49%year-on-year,markingtheboomingdevelopmentofthenewenergybusmarket. (3)Energystorageindustrydevelopscontinuouslyandrapidly In2022,China'senergystorageindustrystillmaintainedarapiddevelopmenttrend,whilethepolicysystemsupporting energystoragecontinuedtoimprove,andenergystoragemadebreakthroughs.Itsglobalmarketdemandisstrong,andthe creationofenergystoragestandardsisaccelerating,providingstrongsupportforitsrapiddevelopment.Accordingtodata releasedbytheNationalEnergyAdministration,asoftheendof2022,theinstalledcapacityofnewenergystorageprojects thathavebeenputintooperationinChinahasreached8.7GW,withayear-on-yearincreaseofover110%.In2022,theNationalEnergyAdministrationandtheNationalDevelopmentandReformCommission(NDRC)haveintroducedmanypolicieswithregardtoenergystoragedevelopment,coordinatingthepromotionofnewenergystoragepilotprojects.Based ontheGuidanceonAcceleratingtheDevelopmentofNewEnergyStoragereleasedbytheNationalEnergyAdministration andtheNDRC,itisexpectedthattheinstalledcapacityofnewenergystorageinChinawillincreaseto30GWby2025.Itis thusclearthatnewenergystoragewillcontinuetodevelopatahighspeed,withacompoundannualgrowthrateof55%?70%,andthemarketsizewillrepeatedlyreachnewhighs. (4)Productioncapacitygrowthoftheairconditioningcompressorisunderpressurewhileupgradingandoptimizingofefficientandenergy-savingdrivetechnologyofthecompressor AccordingtothedatafromChinaIOL.com,theproductionofrotorcompressorsin2022was232.61millionsets,withayear- on-yeardecreaseof2.4%,andsaleswere233.26millionsets,withayear-on-yeardecreaseof2.2%.Withthedeepening implementationofChina'snewenergyefficiencystandardsforairconditioners,theairconditionerindustryhasenteredan eraofhighenergyefficiency.Thehigh-efficiencyandenergy-savingtechnologiessuchasinvertershavebecomestandard configurations.Productswithinvertershaveoccupiedtheabsolutemainstream,ofwhichmeetinglevel1orlevel3innew energyefficiencystandardshasdominatedthemarket.ThesummarydatareleasedbyAVCshowsthatthesalesofinverter airconditionersintheonlineandofflinemarketsaccountedforover90%in2022.Thedemandforinvertersandhigh-efficiencyandenergy-savingairconditionerproductshascontinuedtodrivetheupgradingofcompressortechnology. II.MajorbusinessesoftheCompanyduringthereportperiod GreeElectricAppliances,Inc.ofZhuhaiisadiversifiedandtechnologicalglobalindustrialgroupandhasthreemajor consumerbrandsofGree,TOSOTandKINGHOME,andindustrialbrandsofLANDA,Kaibang,andXinyuan,etc.Itsindustrycoverstwomajorareasofhouseholdconsumergoodsandindustrialequipment.Intheconsumptionfield,itcovers residential air conditioners, HVAC, refrigerators, washing machines, water heaters, kitchen appliances, environmental appliances,communicationproducts,smartbuildingsystems,andsmarthouseholdappliances;intheindustrialfield,it covers high-end equipment, precision molds, freezers and refrigeration equipment, motors, compressors, capacitors, semiconductordevices,precisioncastingequipment,basicmaterials,industrialenergystorage,andrenewableresources. Gree'sproductsaresoldinmorethan190countriesandregions,providingconsumerswithsatisfactoryproducts,services, andintelligentsceneselection,tocreateabetterlifeforconsumers.Accordingtothe2022GrassrootsResearchReportonChina'sCentralAirConditionerIndustryreleasedinHVACandHeat Pumpsbyicmzone.com,GreerankedfirstinthecentralairconditionermarketwithamarketsizeofoverRMB20billionin 2022,maintainingaleadingpositioninmarketshareforelevenconsecutiveyears.Inthechillermarket,Greefirmlyranked firstwithamarketshareof12.7%;intheVRFmarket,itledfarwithamarketshareofover20%;intheunitaryairconditionermarket,itledwithamarketshareof35.6%;intheengineeringprojectmarket,itledallotherbrandswitha marketshareofover15%,andrankedfirstinthecentralairconditionerindustryin2022withmarketsizeofoverRMB20 theindustryandservingseverallargedatacenterswithnationalinfluenceandtelecommunicationsoperators’5Gcentralized procurementprojects.Greehasbecomethefirstcentralairconditionerbrandworthbillionsintheindustry.In2022,theCompanyhascontinuedtoimproveitsproductlineforhouseholdappliances,graduallyformingaproductimage of"GreeforMakingBetterAppliance".AccordingtodatafromAVC,Gree'selectricfanhadamarketshareof20.68%,rankingfirstintheindustry;themarketshareofelectricheaterproductswas14.01%,rankingsecondintheindustry. Adherestothecorporatevisionof"creatingaworld-classenterprise,achievingacentury-oldbrandofGree,"themissionof "carryforwardthespiritofindustry,masterthecoretechnology,pursueperfectquality,provideprofessionalservices,"and "MadeinChina,LovedbytheWorld",andthebusinessphilosophyof"anenterprisewithoutinnovationisanenterprise withoutsoul;anenterprisewithoutcoretechnologyisanenterprisewithoutbackbone;anenterprisewithoutfineproductsis anenterprisewithoutfuture,"GreeElectricApplianceshascontinuouslyaccumulatedtechnologicalstrengthandnational R&DthinkingtoassistChinaincreating. III.Corecompetenceanalysis FacedwiththeopportunitiesandchallengesofthedevelopmentofChina'shouseholdapplianceindustry,theCompanytakes thequalityasthesupportandthebrandasthecarrier,firmlyfollowingthepathofbranddevelopment,continuouslyincreasinginvestmentinscientificandtechnologicalR&D,andpromotingintelligentmanufacturing;also,itstrengthens brand building and marketing promotion, and continuously improves product quality and competitiveness, achieving sustainabledevelopmentandlong-termcompetitiveness;moreover,relyingoncoreadvantages,itstrengthensthedeeplayout oftheindustrialchain,andgraspstheinitiativeofindustrialchainlayout;besides,itactivelyexplorestheinternational marketandenhancesinternationalcompetitiveness,pursuinghigh-qualitydevelopmentwithsignificantcorecompetitiveness. (I)Aworld-renownedbrandof"MadeinChina,LovedbytheWorld" TheCompanyfirmlyfollowsthepathofbrandself-development,andhasestablishedagreatvaluablebrandwithleading coretechnology,excellentproductquality,andcompleteservicesystem.Itadherestokeepingupwiththetimes,constantly absorbingnewconcepts,from"Gree,makingbetterairconditioners,""Gree,themasterofcoretechnology"to"Madein China,MovedbytheWorld,"andfromtheleaderintechnologytoserviceprovideroftheworld,continuouslyrefiningand upgradingbrandvalue. OntheChineseBrandValueEvaluationList,theCompanyhasconsistentlyrankedfirstinthehouseholdapplianceindustry formanyyears,andthebrandvaluehasbeengraduallyincreasing.In2022,withitsoutstandingcomprehensivestrength,it wasonceagainlistedonthe"ForbesGlobal2000List"andhasbeenontheGlobal500issuedbyFortuneforfourconsecutiveyears.TheCompanyhaswonmanyhonors,suchasthe"WorldBrand","MostCompetitiveBrand","ChinaQualityAward","EnterpriseforExemptionfromExportInspection","ChinaBrandInnovationAward",andwonthe2nd"ChineseBrandsPowerCeremony?SuperiorProductsofChineseProvenance",and"GuangdongGuangcaiProgramContributionAward".Inaddition,itbecamethe"CaseoftheBeltandRoadConstruction"in2022.TheCompanybuildsand establishesitsbrandbasedonperfectqualityandinternationallyleadingtechnology,continuouslycreatingvalueforsociety. (II)Strongcoretechnologyandinnovationcapabilities,highlightingtheleadingpositionintheindustryAdheringtotheconceptof"self-researchanddevelopmentofcoretechnologies"andtheprincipleof"investmentasneeded withoutanupperlimit",theCompanyhasbuiltamulti-levelandhigh-levelresearchanddevelopmentplatformbasedon nationalscientificresearchplatforms,formingatechnologyinnovationsystemthatis"enterprise-oriented,market-oriented, andcombinedindustry,academia,andresearch",takentheinnovationchainasthedriverofthevaluechainwhilethevalue chainisthesupporter,andimplementedaleadershipstrategy,overallarrangingadiversifieddevelopmentstrategy. Ithasestablished16researchinstitutes,152researchdepartments,1,411laboratories,and1StateKeyLaboratorycentering onnewenergyandenvironment,intelligentequipment,freezersandrefrigerationequipment,washing,andothertechnologies; also,ithastheworld'slargestairconditionerresearchanddevelopmentcenter,including5nationalresearchplatforms,1 academicianworkstation,andoverathousandlaboratories.Asofnow,theCompanyhasaccumulatedover100,000patents, becomingtheonlyenterpriseinthehouseholdapplianceindustrytoenterthetop10inChina'sinventionpatentauthorization forsevenconsecutiveyears.Ithas39"worldleading"technologiesandhaswon6Chinesepatentgoldawards,12goldawardsfromGenevaInventions,9goldawardsfromNurembergInventors'Fair,and106importantawardsatnational,provincial,andindustrylevel.ThenumberandqualityofpatentsheldbytheCompanyhavesteadilyincreased,andthe drivingforceofinnovationanddevelopmenthascontinuedtostrengthen.Theforward-lookingtechnologicallayoutensures thattheCompany'sproductpowerhasalwaysrankedattheforefrontoftheindustry.Itslaboratorycertificationandaccreditationhasalwaysadheredtointernationalstandards,showingthattheCompanyhas 1,041setsofnationallyrecognizedlaboratoryequipmentandhas11laboratoriesthatobtainedcertificationandaccreditation fromgloballyrenownedthird-partyinstitutionssuchasCNAS,TUV,UL,CSA,and7externalaccreditationandevaluation laboratories. (III)Leadinginperfectqualitymanagementmodel,supportingthedevelopmentofChinesemanufacturingPursuingtheperfectquality,theCompanytakesconsumerdemandasthehigheststandard,adherestothestrategyofhigh- qualityproducts,andcontinuouslyexploresandinnovatesinconcepts,methods,systems,technologies,andotheraspectsof qualitymanagement.Tothisend,adheringtothethreemajorqualitycontrolprinciplesof"nevertakeconsumerasanexperiment","everyoneisaqualityinspector",and"perfectqualityisachievedthroughstruggle",throughthe"Five-Step MethodofQualityPrevention"andthe"D-CTFPCycleMethodforQualityandTechnologyInnovation",itconstructsauniqueGreePerfectQualityManagementModelforitsgoalof"MadeinChina,LovedbytheWorld",effectivelysolvingthe problemoftheorganization'spathandmethodsforqualityinnovationandpromotingthecontinuousimprovementofthe quality. TheCompanyactivelyparticipatesinleadingthestandardsbuildingathomeandabroad,demonstratingitsleadingposition intheindustry'sstandardconstruction,promotinghigh-qualityproductdevelopmentwithhighstandards,andleadingthe industrywithstrength.In2022,theCompanywaslistedin2021NationalEnterpriseStandard"Leader"with19product categoriesincludingairconditioners,refrigerators,washingmachines,ricecookers,airpurifiers,electricfansandwater purifiers,385productmodels,and24standards,astheenterprisewiththemostproductsincludedinthelistinthehousehold applianceindustry.GreeElectricApplianceshasbecomethefirstenterpriseintherefrigerationindustrytoserveasthechair ofthecommitteeoninternationalstandardization.DongMingzhu,thechairpersonandpresidentoftheCompany,hassuccessfully been re-elected as the chairperson of the Testing and Rating of Refrigerant Compressors of Technical CommitteeonRefrigerationandAir-ConditioningofInternationalStandardsOrganization(ISO/TC86/SC4).Greehasbeen certifiedasthe"Seven-StarLeadingLaboratoryforAirConditionerInspectionandTesting,"asoneofthefirstenterprisesin Chinatoreachtheseven-starrating,thehighestlevel.Theprojectof"DisinfectionandPurificationTechnologiesandProduct ApplicationBasedontheCKERSystem"developedbytheCompanywonthefirstprizeintheQualityInnovationAward.TheCompanyimplementsa"ten-yearwarranty"forhouseholdairconditioners,whichtoagreaterextentprotectsconsumer interests,asthelongestwarrantyperiodintheChinesehouseholdairconditionerindustry.SincejoiningAHRIin2009,ithas beenrecognizedmultipletimesbyAHRIforitsleadingproducttechnologyandsolidproductquality.(IV)Integratedlayoutoftheindustrialchain,comprehensivelyenhancingcorecompetitivenessWhiletheCompanyissteadilydevelopinghouseholdappliances,smarthomes,andindustrialmanufacturing,itactivelylays outgreenenergysectorscenteredaroundphotovoltaicenergystorage,lithiumbatteries,andnewenergyvehiclesthrough acquisitionsandself-research.Itsindustrialchainhasexpandedtofieldssuchasintelligentequipment,numericalcontrol (CNC)machinetool,robots,precisionmolds,newenergy,coldchain,logistics,communication,andsmallhousehold appliances,andisdevelopingtowardsintelligence,specialization,high-end,andquality.Meanwhile,theCompanyhas6 renewableresourcebasesinZhuhai,Changsha,Zhengzhou,Shijiazhuang,Wuhu,andTianjin,coveringtheentireindustrial chainfromupstreamproductiontodownstreamrecyclingandachievinggreen,circular,andsustainabledevelopment. Inthefieldofhouseholdappliances,theCompany'sproductscoverthefullcategoryofhouseholdappliances,including residentialairconditioners,HVAC,refrigerators,washingmachines,environmentalappliances,kitchenappliances,andhome appliances,providingconsumerswithhigh-qualitysolutionsforintelligentlife.The"ultra-lowtemperatureat?38°Cfreezing andfresh-keepingtechnology"oftheKinghomerefrigerator,the"efficientanduniformcookingtechnology"oftheTOSOT ricecooker,thepioneering"circulatingcoolingfanwithevaporativecirculationsystem",andtheself-developed"wetcurtain hotdryingtechnology"forimpurity-freefoglesshumidifierhaveallledtheindustry.Greehasbuiltits"healthy,smartand comfortablehome"ecologicalhomesystemforconsumersfromtheall-roundmulti-systemproductlinesofairconditioner, floorheating,freshair,waterpurificationandsmart,combinedwiththesix-constantsystemconceptof"constanttemperature, constanthumidity,constantoxygen,constantcleanliness,constantmuteandconstantsmart"inthenewera.Inthefieldofcorecomponents,theCompanyhasstrongcapabilitiestosupportitsproducts.Itswholly-ownedsubsidiariesof LandaCompressor,KaibangMotor,XinyuanElectronics,andGreeElectricEnterprisesrankatthetopintheindustryin termsofproductioncapacity,quality,andperformance,whichensuretheexcellentqualityofproductsandeffectivecost controloftheCompany.Thereasonablelayoutofupstreamanddownstreamindustriesguaranteesasound,stable,andefficientsupplychain,stronglysupportingtheCompany'sleapfrogdevelopment.10productsself-developedbytheCompany, includingthe"high-efficiencyscrollcompressor","high-performancelinearservomotoranddriver","high-performance servomotoranddriverforindustrialrobot"and"rare-earthfreepermanentreluctancemaindrivemotorsystemfornew energybus"wereappraisedasthe"world-leading"level,markingthatGreehasfullymasteredtheadvancedtechnologyfrom corecomponentstoproducts. Inthefieldofdiversification,forindustrialrobots,theCompanyhascompletedthedevelopmentof1kg?600kgindustrial robotproducts,whicharesuitableforvariousindustrialusagescenariosunderseveralconditions.Forpowerbatteriesofnew energyvehicles,bodydie-casting,etc.,theCompanyhasdevelopedGR35/1.8robotsandGR50_2.0robots,andGR200/3.2 robotswithlargearmspan,furtherimprovingitsabilitytoprovidesolutionsforapplicationscenariossuchashighoverload, highprotectionrequirements,anddeepexploration.Fortheheavy-dutyseriesrobots,theCompanyhasdevelopedthe GR270/2.65industrialrobot,solvedthevibrationatthereducerduringhigh-speedoperationcausedbyitsinsufficient stiffness,andbrokentheabsolutemonopolyofforeigntechnology,promotingthelocalizationofheavy-dutyindustrialrobots inChina,andachievingmarketbreakthroughs;also,ithascompletedthedevelopmentofthefirstrobotmotioncontrol systemwithself-intellectualpropertyrights.Ithassuccessfullydevelopedcorecomponentsforrobotsandmachinetools, breakingthetechnologicalmonopolyofforeignbrandswhileimprovingthecompetitivenessofnationalbrands.Inthefieldofsmarthome,adheringtoself-innovation,self-researchanddevelopment,andself-manufacturing,aswellasa coretechnologyforazero-carbonhealthyhome,theCompanyhascontinuouslyupgradedthefivemajorintelligentlife systemsofenergy,air,health,security,andlightingforthewholehouse,andself-developedallseriesofintelligenthome products,IoTplatform,intelligentdecision-makingsystem,G-Voiceinteractionsystem,intelligentvisionsystem,G-OSIoT operatingsystem,G-Learningcomfortableenergy-savingalgorithmsandotherintelligentIoTtechnologies,providingIoE solutionsforfamilylife,andcreatingahigh-qualitylifewithIoEtechnology.Inthefieldofsupplychain,theCompanyadherestothecentralizedprocurementstrategy.Tobuildanindustry-leading supplychain,ithasestablishedacomprehensivesupplychainmanagementsystem,fullyplayedtheroleofthe"chainowner" oftheindustrialchain,andenhancedtheintegrationabilityoftheindustrialchain,improvingthecompetitivenessofthe supplychainthroughmutualpromotionwithpartners. (V)Efficientretailtransformationempoweredbydigitization,consolidatingindustrypositionTheCompanyhasestablishedself-controlandwin-winsaleschannelsandsalesmodels,andimplementedatransformation of"newretail"marketingmodelintegratingonlineandofflinechannels.Basedonsalescompaniesin30regions,over30,000 offlinestores,andofficialflagshipstoresonthird-partye-commerceplatforms,theCompanyhasestablishedadual-linesales networkcoveringthecountry,providingonline-offlinelinkageservicesintegratingofflineexperience,onlineordering,and nationwide unified delivery and installation, activating channel advantages, and achieving all win for the Company, distributors,andconsumers. In the domestic market, channels have been expanding towards diversification and flattening, and agents have been transformingintoserviceproviders.Focusingonthelayoutofthesinkingchannel,theCompanyhascontinuouslyexpanded thesecondandthird-tiermarketsandcountyandtownmarketsthroughonlineprocurementandcooperationwithe-commerceandlogisticsenterprisesofsinkingchannels.Ithasattachedimportancetonewretaile-commercesuchaslive streamandusednewmediaplatformstolayoutnewretailchannelsthroughsalesbylivestream,communitymarketing,etc., graduallycreatinganewmediamatrixtoenhanceitsinfluenceamongyoungpeople.Atpresent,thereformofnewretail channelshasachievedphasedresults,andtheemergingmarketforhouseholdapplianceshasaccelerateditsexpansion throughonlinechannels.Intermsofoverseasmarkets,theCompanyhasactivelyadoptedvariousmethodsof"onlineand offline"toexpanditssaleschannels.IthasestablishedoverseasproductionbasesinSouthAmericaandAsia,expandingits overseasairconditionermarketthroughself-brandsandOEM.Currently,Greeairconditionershavebeenexportedtomore than190countriesandregions. (VI)Preciseproductioncapacitylayoutandleadingintelligentmanufacturing,respondingtomarketdemandrapidly Atpresent,aimingtothemarketdemandcharacteristicsofdifferentproducts,differencesinregionalproductionfactor endowments, and other factors, Gree has established production and manufacturing bases for air conditioners, home appliances,andindustrialproductsinZhuhai,Chongqing,Hefei,Zhongshan,Zhengzhou,Wuhan,Shijiazhuang,Wuhu, Changsha,Hangzhou,Suqian,Luoyang,Nanjing,Chengdu,Ganzhou,Linyi,Brazil,andPakistan.Itsreasonablyarranged productionbaseeffectivelyensurestheabilitytofulfillcontracts,allowingeachbasetoflexiblyarrangetheproductionand deliverproductsontime,whichreduceslogisticscostsandimprovesproductcompetitiveness.TheCompanyhasformedamatureproductionprocessforintelligentmanufacture,withadvancedtechnologiessuchasindustrialrobots,CNCmachinetools,5G,andAIintegratedintoproductionscenarios;thevirtualsimulationoftheentire productionlinehasrealizedthedigitizationoftheentireprocessfromproductdesign,productionplanningtomanufacture. Ontheproductionline,industrialrobotscompletevariousqualityinspectionswithhighqualityinsteadoftraditionalmanual labor;ontheworkshopchannel,theuseofAGVandintelligentelectronicwarehousesachieveintelligentschedulingand precisedelivery.Tosumup,highautomationhasbecomethenorminGreefactories.TheZhuhaiBaseofGreeElectricApplianceshasbeenrecognizedbytheDepartmentofIndustryandInformationTechnologyofGuangdongProvinceasthe firstbatchof5G+IndustrialInternetapplicationdemonstrationparksinGuangdongProvince.GreeIntelligentEquipmenthasnotonlyservedwithinthegroup,butalsoactivelyexporteditsexperienceinautomation transformationtomarkets,leveragingintelligentmanufacturingtopromotetheoverallupgradingofChina'sindustry.Inthe future,GreeElectricApplianceswillcontinuetodeeplyexploreintelligentmanufacturing,strengthenitscoreindustry advantages,andachieveindependentandcontrollable core technologies,leadingthetransformation andupgradingof intelligentmanufacturingthroughinnovation. (VII)Independentcultivationoftalents,winninganearlyleadindevelopmentwithtalentadvantagesAdheringtotheconceptof"independentlycultivatingtalentscenteringontheCompany'sstrategiclayout",theCompanyhas graduallyformedanindependenttalentcultivationmodelwithstrongstrengthtoattracttalents,independentinnovationto cultivatetalents,andgenerouswelfarefortalents.Anindependenttalentcultivationmodelcenteredaroundchannelsfor introducingindependenttalents,mechanismsforindependenttraininganddevelopment,andacomprehensiveincentiveand guaranteesystemhasgraduallybeenformed. TheCompany'stalentteamhasbeengrowing,anditstalentstructurehasbeenupgraded.Asoftheendof2022,ithadabout（未完）  |