Recently, Gree Electric and Midea Group published the semi-annual reports of the company separately which were compiled into the following tables.
1.Total revenue and Air conditioning business revenue
From the situation reflected by the table, there are mainly the following points:
1. Gree and Midea's revenues have maintained rapid growth.
2, Their air-conditioning business are growing at a high speed. The growth rates of Gree and Midea are close. By contrast, Gree slightly better.
3. The growth of non-air-conditioning business of Midea slowed down, affecting revenue growth.
2. For the manufacturing industry of Gree and Midea:
From the above table data, we can see that
1, Gree air-conditioning business accounted for an increasing proportion, staggering to reach 96.28%. However, diversified development is not smooth and the risk is greater for enterprises. The diversified development of Midea is better than that of Gree. The air-conditioning business accounts for only 48.52% and has strong anti-risk ability.
2. Gree's gross profit margin is declining year-on-year. Contrary to Gree, gross profit of Midea is growing.
3. Gree has strong domestic market dependence and weak international development. The development of Midea is relatively balanced in domestic and international markets.
4. The gross profit margin of Gree domestic sales is 39.18%, which is more than five times than its international sales. It can be seen that Gree is not kind to domestic customers in terms of price.
