2025年年度报告（英文版）

2025 Annual Report of Gree Electric Appliances, Inc. of ZhuhaiGree Electric Appliances, Inc. of Zhuhai2025 Annual ReportApril 20262025 Annual Report of Gree Electric Appliances, Inc. of Zhuhai1Section I Important Notice, Contents and ParaphraseThe Board of Directors and all directors and senior executives of the Companyhereby guarantee that the contents are authentic, accurate, and complete,without false records, misleading representations, or material omissions in theAnnual Report, and shall take all the joint and several legal liabilities.Dong Mingzhu, the Company's responsible person, Liao Jianxiong, responsiblepersonin chargeof accounting workandLiuYanzi,theAccountingDepartment's responsible person (accounting superintendent) hereby declareand warrant that the financial report in the Annual Report is authentic,accurate and complete.All the directors have attended the meeting of the Board of Directors in respectof deliberation of the Annual Report.The forward-looking statements such as future plans and development strategiesin the Annual Report do not constitute a substantive commitment of theCompany to investors. Investors and relevant persons should therefore makerational investment based on an awareness of risk factors attendant ininvestment and understand the differences between plans, forecasts andcommitments and note the investment risks.The Company's profit distribution proposal passed upon deliberation at themeeting of the Board of Directors is set out as below: Based on the total sharecapital of 5,585,138,741 shares enjoying profit distribution rights at the time ofdisclosure of this profit distribution proposal (the total stock capital of5,601,405,741 shares excluding the 16,267,000 shares held in the repurchase2025 Annual Report of Gree Electric Appliances, Inc. of Zhuhai2account of the Company), the Company plans to distribute all shareholders acash dividend of CNY20 (tax included) per 10 shares, but does not plan to giveany bonus share (0 share, tax included) or convert any capital reserves intoshare capital. If there is a change in the total share capital of the Companyentitled to profit distribution from the date of disclosure of this distribution planto the date of implementation of equity distribution registration, the Companywill adjust the total dividend amount accordingly based on the principle ofkeeping the distribution ratio per share unchanged.2025 Annual Report of Gree Electric Appliances, Inc. of Zhuhai3ContentsSection I Important Notice, Contents and Paraphrase.................................................................................................1Section II Company Profile and Main Financial Indicators........................................................................................6Section III Management Discussion and Analysis.................................................................................................... 11Section IV Corporate Governance, Environment, and Society.................