Gree net profit 14.1 billion yuan last year, increase 29.84%

Gree Electric Appliances (000651. SZ) 19th late release performance forecast revealed that 2014 annual operating income of 140 billion yuan, an increase of 16.63% per cent, net profit of 14.115 billion yuan, an increase of 29.84%.

2014, the domestic economic structure of in-depth adjustment, macroeconomic growth slowed down in the household appliance industry, the decline in the situation, Gree realized the operating income, net profit of the contrarian growth.

Gree Electrical Appliances said, this mainly benefits from innovation, around the competitiveness of products, focus on technology innovation, automation production, information construction work, and deepen internal management, strict control of cost costs; At the same time, benefiting from the continued low prices of raw materials, the company's profitability continue to improve.