Gelonghui, May 24 | Changjiang Securities Research Report indicates that the overall revenue of Gree Electric (000651.SZ) has maintained resilient growth in 23 years, and the small household appliance business stage is under pressure. 24Q1's revenue increased 2.56% year over year, or mainly benefited from the resilient overall demand in the white electronics industry. The company still maintained its dominant market position. The company has formed multiple industrial brand matrices. The business covers the two major fields of consumer goods and industrial equipment, and has extended the upstream and downstream industrial chain layout. Based on this, the company actively explores market segmentation needs, broadens business scenarios, and actively expands potential businesses such as new energy and intelligent equipment. The bank expects the company's net profit to be 319.45, 345.70, and 37.934 billion yuan respectively in 2024-2026, corresponding to PE of 7.38, 6.82 and 6.22 times, respectively, maintaining a “buy” rating.
研报掘金丨长江证券：格力电器仍然保持优势市场地位，维持“买入”评级
Research Report Nuggets丨Changjiang Securities: Gree Electric still maintains an advantageous market position and maintains a “buy” rating
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