Gree Electric Appliances plans share sale. Gree stock faces a 2.00 percent cap

Published on 10/21/2026 at 10:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue fell 8.15 percent to CNY 89.398 billion in 2026. Gree stock posted CNY 13.278 billion profit in the September 22, 2026 report.

Ownership and earnings shape Gree

Zhuhai Mingjun planned to sell 111,702,774 shares on October 18, 2026.
First-half 2026 revenue fell 8.15 percent to CNY 89.398 billion.
Gree's market capitalization was CNY 207.4 billion as of October 21, 2026.

Gree, CNE0000001D4, Illustration mit AI erstellt.

Gree Electric Appliances said on October 18, 2026 that Zhuhai Mingjun planned to sell no more than 111,702,774 shares, capped at 2.00 percent of total capital, according to min.news. The planned reduction puts ownership and earnings under renewed scrutiny for Gree stock.

Why is the shareholder move material?

Zhuhai Mingjun held 16.11 percent of Gree's total capital, and the proposed sale could reach 2.00 percent of the company. The proceeds were earmarked for bank-loan repayment, according to min.news.

Three dates frame the story

On September 22, 2026, Gree reported first-half revenue of CNY 89.398 billion and net profit of CNY 13.278 billion, with revenue down 8.15 percent year over year, according to Electrical Appliances Association. On September 30, 2026, the company had repurchased 28.3198 million shares for CNY 1.083 billion, as reported by GMT Eight. On October 18, 2026, the shareholder reduction plan became the latest dated event.

What do the earnings say?

Gree's first-half 2026 net profit attributable to shareholders fell 7.87 percent to CNY 13.278 billion, while profit excluding non-recurring items declined 8.89 percent to CNY 12.707 billion, according to Electrical Appliances Association. In the second quarter of 2026, revenue fell 16.82 percent to CNY 46.431 billion and attributable net profit fell 15.43 percent to CNY 7.195 billion, according to Futu.

Shenzhen quote sets the reference

Gree's Shenzhen listing was last at CNY 37.13 on October 21, 2026 at 3:04 p.m. CST. Its market capitalization was CNY 207.4 billion, while the 52-week range stood at CNY 34.27 to CNY 42.46 on the same market snapshot.