Gree staff exposure 6 million year-end award was deducted from the material that is Mingzhu not approved

"To deduct the year-end award on such a basis, we have no way to understand!" "Recently, Gree Electrical Appliances (000651) export Business Department of a regional market leader Miss Zhang in the tone of indignation to the Times weekly reporter said. As early as the Spring Festival, The Times reporter received from the gree electrical appliances inside the staff of the report: Gree Electrical Appliances to "export Business Department 2014 frozen year sales plan is not up to sales expectations" as a result of deduction of the department's staff in 2013 frozen year year-end award. According to the original agreement, the export Business Department 6 million Yuan year-end award should be issued before the Spring festival, and so far the staff of the Department has not been paid. According to Miss Zhang, the 2013 frozen years that Gree is used to address are from August 1, 2012 to July 31, 2013. In the refrigeration year, the export business Department has completed the established sales target, Gree on the 2014-year freeze year sales plan is not up to the expected to deduct the last frozen year's year-end award. At least 5% of employees in the department are now determined to switch jobs because of dissatisfaction with the company's year-end bonuses, it said. "Their own interests have no way to ensure that the company is committed to the things also do not give, in fact, our company's wages are lower than the same industry, usually conscientious so hard, the family can not afford to support, I still stay down?" "A staff member of Gree Electrical export business Department complained. And on January 20, Gree 2013 Annual Performance Express, 120.03 billion of the total revenue quickly become the focus of market investors and media, Gree, the stock of the day soared more than 5%, Mingzhu 一年200个亿 's business growth commitment to smooth cash. In this respect, Beijing surplus law firm senior partner lawyer Wang told The Times weekly reporter, if the performance did not meet the year-end award for the deduction of the standard, it is legal, and to achieve performance requirements without reasonable reasons for deduction is illegal, although not written into the labor contract law, But the year-end award as a state-owned enterprise is also an employee's entitlement. February 11, The Times weekly reporter tried to gree electrical appliances Dong Wang Jing East to verify the deduction of year-end award, but the other side said "do not understand the relevant situation, should not have such a thing!" The next day, the reporter called the Company's marketing minister Pang, get the same answer. As of the reporter before the press, Gree Export Business Department staff revealed, "We have repeatedly reflected to the superior departments, but still did not get a definitive and accurate response." Heard, still in the examination and approval. "Facing the good performance of gree electrical appliances, senior Industry economic Observer, home appliance industry analyst Liang that, with the domestic appliance financial support policy tends to end, gree and other household appliance enterprises to overseas market expansion is imperative, but the central air-conditioning market narrow and the pace of industrial diversification lag, Will be the main obstacle for Gree to further expand overseas markets. 6 million year-end award of the sudden deduction January 25, the day before the Spring Festival holiday, the material of Miss Zhang's export business Department received the leadership notice, this year's year-end award chairman Mingzhu not approved. The reason given by Mingzhu is that "the 2014 sales plan for the export business department did not reach the sales forecast". “We have no way to understand this reason! "The salary of the export department is composed of the monthly fixed salary and the year-end award," Ms. Zhang said. Monthly fixed wages are rated according to the level of the company's employees, and the year-end award is linked to performance, in the annual sales of the task of a part of the profit to the staff, each year before the Spring Festival issued. Cent intelligence network data show, Gree Electrical appliance Average year-end award 6976 yuan, the highest year-end award 50,000 yuan. The actual Gree year-end award is related to the work location, experience, performance and other factors. According to the agreement, the sales target of gree electric appliance to export business unit in 2013 frozen years is 15 billion yuan, and if it can be successfully completed, it will be able to win the year's year-end award, Ms. Zhang said. Ms. Zhang told The Times weekly that the department had actually completed 15.3 billion of sales in 2013. According to the profit ratio, the department of the 2013 year-end awards total of 6 million yuan, according to the Department of 120 employees, the average 50,000 yuan per person, now the year-end bonus is fully deducted. "According to the level of staff and sales, like my words, the after-tax year-end bonus should be able to get 50,000-60,000, but this time the leadership did not say that the delay, did not say that the return is not issued, but said the chairman of the company did not agree to send, now a penny is not." "In this respect, Beijing Ying Ke law firm senior partner lawyer Wang told The Times weekly reporter, if the performance did not meet the year-end award for the deduction of the standard, it is legal, and to achieve performance requirements but there is no reasonable reason for deduction is illegal, although not written into the labor contract law, But the year-end award as a state-owned enterprise is also an employee's entitlement. According to Miss Zhang, Gree also had arrears of year-end awards, not only that, since last year, Gree's year-end awards are distributed in two batches, such as the January 24 this year has issued 60% of cash, and the other 40% to be delayed to April to send in real form, that is, to give the appropriate amount of staff to buy products inside the company. "That increases sales, and there is not much discount on prices, much less than the outside." "For the year-end award, Gree's employees have always complained." According to the export business staff told The Times weekly reporter, due to dissatisfaction with the company's year-end award, the department currently has a number of employees are determined to change jobs. "Their interests have no way to ensure that the company is committed to the things also do not give, so many people want to change jobs." "Miss Zhang has worked in Gree for five or six years, and she revealed that her annual salary is only about 100,000." "Of course I have this idea, in fact, our company's wages are lower than the same industry, usually hard and hardworking, the family can not afford to support, I still stay?" Another Gree staff member, who declined to be named, said. Visible Gree Export Business department will face a larger personnel changes. Times weekly reporter tried to gree electric appliance board secretary Hope Jing East Evidence Deduction Year-End award event, but the other side gives the answer is "do not understand the relevant situation, should not have such a thing!" ”。 Times weekly reporter again call the company marketing department Minister Pang, got the sameReply. Overseas exports of the annual increase of 20% January 20, Gree released the 2013-year performance Express. The announcement shows that 2013 Gree Electric appliances to achieve total operating income of 120 billion yuan, an increase of 19.9%, belong to the listed company shareholders net profit of 10.8 billion yuan, an increase of 46.53%. Mingzhu 一年200个亿 's business growth commitment in the first year of smooth cash, the performance is a fluttering red. However, the announcement did not disclose the 2013 Gree export sales figures. In the international market is weak, export situation unfavourable situation, gree air conditioning in the overseas market sales are bucking the trend. Data show that 2010, gree overseas market operating income of 9.751 billion yuan, the year-on-year growth rate of 67%; 2011, Gree Overseas market operating income of 14.546 billion yuan, an increase of 49.17%, in 2012, Gree gross operating income of the first super billion, its overseas sales revenue of 15.8 billion yuan, Obviously higher than the overall level of the industry; in the first half of this year, gree overseas sales amounted to 10.397 billion yuan, and exports grew 11.9%. Gree also revealed that the 2013 Gree export growth will achieve the target of 20%. And with the increase in the proportion of private brand exports, energy conservation and environmental protection technology upgrades, product innovation and structural adjustment, gree air conditioning not only to maintain the rapid growth of overseas revenue, and export profits have been significantly improved. However, Gree in September 2013 issued a notice that the company exported to the United States and Canada, some dehumidifier products may overheat, smoke and fire, may cause fire or burn hazards to consumers, in the U.S. Consumer Product Safety Commission and Health Canada's supervision and approval, Gree decided to voluntarily recall these dehumidifier products. Although Gree said the recall has little impact on its performance, but Liang told The Times weekly Reporter: "This incident is a relatively large number of recall dehumidifier, this not only makes Gree quality, Word-of-mouth is questioned, but also by the local partners to prosecute." So for gree, whether it is performance or brand image will cause negative impact. "In Liang view, home appliances industry export competition is growing, as domestic growth slows down, many air-conditioning enterprises are more and more active to open up overseas markets, in the case of more and more export enterprises, overseas market points of this cup of soup will be less." "For Gree, the United States such enterprises, the most important thing is to increase the foreign market independent brand export ratio, otherwise the overseas market can only do a large amount, but the profit is mainly occupied by the brand." "However, for Gree, its domestic business is the foundation, only in the domestic market to do a good job to open up overseas markets, and overseas expansion of the general profit is relatively low." In the face of Gree 2013 such a beautiful performance, gree the majority of shareholders concerned about or dividends. Gree 2012 dividend is to all shareholders to send 10.00 yuan per 10 shares of cash. According to the announcement, the proposal will be based on the company's existing total share capital of 3007865439 shares, to all shareholders, 10 shares per 10 yuanRMB cash. It is estimated that 2012, gree total dividends will be more than 3 billion yuan, the equivalent of Gree 2012 annual total net profit of 7.38 billion Yuan Two-fifths. Gree's program refreshes the record of its dividend history, and is therefore known as one of the "most generous" companies in the A-share market. Prior to this, gree almost yearly dividends. 2011, Gree Dividend scheme is each "10 shares send 5 yuan", the amount of dividends over 1.5 billion yuan. But high dividends will also create rich executives. It is estimated that gree electrical appliances Chairman and President Mingzhu holds 21.1488 million gree electric appliance stock, the dividend yield will reach nearly 21.15 million yuan. The limitations of central air-conditioning and diversification of the lag in 2012, in Gree Electric appliances to achieve business income broken hundreds of billions of historic moments, Mingzhu put forward a market to make a new target--"annual operating income growth of 20 billion, 5 years after the Gree revenue will reach 200 billion." According to Mingzhu's five-year plan, Gree will achieve 200 billion revenue by 2017. But in Liang's view, the goal is quite uncertain. He said, "unless the country has a continuous introduction of household appliances subsidy policy, but with the increase in fraud and the government's control of enterprises, slowly will cause huge fiscal waste, so now the government more calm." Since 2008, in order to cope with the weakness of the international market and expand domestic demand, the country has introduced home appliances to the countryside, home appliances to the old for new, energy-saving three policies to support the development of home appliances industry, home appliances industry sales to obtain high-speed growth. Gree is a cup of big soup, 2011 sales reached the entire home appliance to the countryside market 40.42%. Gree Electrical Appliances by virtue of the strong impetus of policy support, in 2010 and 2011, respectively, set an annual growth of 42.62% and 37.35% of the good performance. But with the 2012 support policy began to gradually withdraw, gree performance decline highlighted. May 31, 2013, the family energy-saving policy ended, so far, the three major home appliances support policy to completely exit the market. At the same time, Gree 2012 and 2013 performance growth significantly slowed, operating income fell to 19.87% and 19.9%. The new government has not yet introduced a new subsidy policy for home appliances, the industry's expected "policy empty window period" arrival. "I believe that the government will still allow the market to compete and not interfere too much in the market," he said. Liang believes that the appearance of this empty window is an inevitable trend. and air-conditioning in gree electrical products has been a large proportion of air conditioning sales revenue in the total operating income accounted for in the 90% or so. Many analysts in the industry also believe that, in the current market growth is very slow, only by air conditioning products to do 200 billion, with great uncertainty. Gree Chairman Mingzhu in a number of public occasions that 2014 Gree 20 billion revenue growth plan, central air-conditioning will be an important growth point. But Liang, excessive reliance on central air-conditioning market will increaseAdd performance growth risk, "central air-conditioning is a niche market, in China, central air-conditioning market scale is nothing more than tens of billions of, central air-conditioning, the amount of a larger, but overall central air-conditioning compared to home air-conditioning market capacity is much smaller." According to the icon of the air conditioning refrigeration network, 2009 to 2013, China's central air-conditioning market capacity expanded from 34.5 billion to 67 billion. But at the same time, the expansion rate of market capacity also fell from 28.5% to 9.8%. Liang that, with the domestic home appliances financial support policy tends to end, gree and other household electrical appliances enterprises to overseas market expansion is imperative, but the central air-conditioning market and the lag of the pace of industrial diversification, will be the main barrier to further expand the overseas market gree. Mingzhu once proposed that gree electrical appliances will not take a diversified path, but then Gree began to layout small appliances, refrigerators and other fields. Liang to The Times weekly reporter said, gree this more than 10 years can be said to be in the small household electrical appliances business, just compared to Haier and the United States, Gree diversified development of the industrial layout is relatively slow, the current Gree-related product diversification style is more cautious, it is speculated that Gree is trying to do in a certain area to declare diversity. (Source: Times weekly)