Gree shareholder plans stake reduction: what it means for Gree stock
Published on 10/08/2026 at 11:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Gree Electric Appliances (ISIN CNE0000001D4) was last at CNY 38.32 on Shenzhen on October 8, 2026 at 3:04 p.m. CST, while its 52-week range stood at CNY 36.27 to CNY 42.48. The latest shareholder action gives Gree stock a concrete governance and supply factor to weigh alongside weaker first-half operating figures.
The sale could reach 2.00 percent
Zhuhai Mingjun Investment Partnership, Gree Electric Appliances' largest shareholder, plans to reduce its holding by no more than 111,702,774 shares, equal to a maximum of 2.00 percent of the company's share capital after deductions for the repurchase account. iMedia reported the October 4, 2026 announcement, which said the block-trading plan would begin after 15 trading days and run for three months.
The proceeds are intended to repay bank loans, according to the same October 4, 2026 announcement. That makes the proposed sale a shareholder financing decision rather than a stated change in Gree's operating strategy, although the potential supply of 111,702,774 shares is material beside the company's 16.11 percent stake held by Zhuhai Mingjun.
Revenue fell in first-half 2026
Gree reported first-half 2026 revenue of CNY 89.398 billion, down 8.15 percent year over year, while net profit attributable to shareholders fell 7.87 percent to CNY 13.278 billion. China Household Electrical Appliances Association reported those figures on September 22, 2026.
A separate Guoxin Securities commentary said second-quarter 2026 revenue fell 16.82 percent to RMB 46.431 billion, while net profit attributable to shareholders declined 15.43 percent to RMB 7.195 billion. Futu also said first-half net profit margin rose 0.05 percentage points to 14.81 percent, showing that margin stability did not prevent the revenue contraction.
CNY 38.32 sits below yearly high
Gree's latest Shenzhen quote of CNY 38.32 on October 8, 2026 at 3:04 p.m. CST was 9.79 percent below the CNY 42.48 52-week high and 5.65 percent above the CNY 36.27 low. Market capitalization stood at CNY 213.4 billion on the same date.
The combination of a planned 2.00 percent maximum stake reduction and an 8.15 percent first-half revenue decline leaves the stock's near-term narrative split between shareholder supply and operating recovery. The 14.81 percent first-half net margin offers a counterweight, but the second-quarter revenue decline of 16.82 percent shows where the pressure was concentrated.
Gree Electric Appliances stock facts
- Company: Gree Electric Appliances, Inc. of Zhuhai
- ISIN: CNE0000001D4
- Ticker: 000651.SZ
- Primary exchange: Shenzhen Stock Exchange
- Primary-exchange price (as of October 8, 2026, 3:04 p.m. CST): CNY 38.32
- Market capitalization: CNY 213.4 billion (as of October 8, 2026)
- 52-week range: CNY 36.27-CNY 42.48 (as of October 8, 2026)
- Sector / Industry: Consumer Discretionary / Appliances, Tools and Housewares
