Gree Electric appliances Own brand opens the American market

December 30, Gree Electric appliances (000651. SZ) Securities Representative Yang Yongxin told reporters on the phone: "Gree solar air-conditioning in the United States in 2010 sales have reached 50,000 units, the future export volume and export areas will be further expanded."　　He said the air conditioners were all sold in Gree, a major breakthrough for gree in the US market. Yang Yongxin told reporters: "For export markets, the company's main tendency is to cultivate their own brands, export markets in the independent brand sales ratio for the 30-35%." Corporate export sales accounted for about 23% of the company's total operating income, well above 13.69% at the end of 2009. The company plans to continuously improve the proportion of export sales. Yang Yongxin told reporters that the current export of South America, South Africa, the Middle East, Southeast Asia are all Gree's own brands; exported to Japan, Europe, North America are almost all OEM, OEM brand includes almost all the world famous brands, such as Big Gold (Japan), Sharp, Panasonic, Hitachi, GE, Electrolux and so on. But 50,000 of solar air conditioners sold in the United States are all Gree brands. Yang Yongxin said, "because U.S. residents can be connected to electricity generation, that is, solar power can be sold to the grid, so the sale of solar air conditioning in the United States has a market base."　　Yang Yongxin declined to disclose what level of solar air conditioning production will be raised for Gree. "For OEMs (OEM), we should strive to get the order as far as possible, using cost advantages to do a good job after sales service. But we are now more focused on profits.　　2009, the company's air conditioning exports 5.8 billion yuan, down 30%, is because we have voluntarily abandoned some of the low profit orders, "Yang Yongxin said.　　Industrial Securities analyst Yiu Yonghua in a report released this week, said that the global air-conditioning capacity of more than 75% of the concentration in China, the international does not exist too many competitors, bullish technology is maturing, brand impact of the growing gree in the export field of the long-term development advantages. Shenhui, director of solar energy Systems at Sun Yat-sen University, said in a telephone interview that the latest photovoltaic technology can make solar energy conversion efficiency of 20%, with 150W power cell solar air-conditioning as an example, the annual estimated to save 400-580 kwh of electricity. China has become the world's 3rd largest air-conditioning market after the United States and Japan, accounting for 12% of the world's air-conditioning market utilization.　　Preliminary estimates, solar air-conditioning market capacity in 2015 will be as high as 100 billion yuan. Shenhui said: "Gree in Germany, Japan can also do solar air-conditioning, because these countries encourage residents to generate electricity can also be connected."　　"From the industry online data, 2010 1-October China's air conditioning industry exports to 37.06 million units, an increase of 52% per cent over the same period, Gree export volume of 6.4 million units, the year-on-year growth of 92%, rapid growth." According to the 2010 report, Gree Electronic accounts receivable from 2009 of 900 million yuan to 2010 years of 1.9 billion yuan, an increase of 111%, mainly due to the large increase in export income, has not yet recovered export receivables increaseAchieve。 Gree Electrical Appliances In the first three quarters to achieve business income of 44.3 billion yuan, an increase of 44.4%, to achieve the ownership of the listed company's shareholders net profit of 2.89 billion yuan, an increase of 45%, to achieve basic earnings per share of 1.03 yuan.