One hundred and thirty-one episodes
Planning and production|Titanium Media Visual Center, Editor|Xu Qiuyu, Drawing|Chu Yanmo
Last week, Gree Electric (000651. SZ) announced that it intends to acquire 24.54% of the shares of Gree Titanium (formerly known as "Zhuhai Yinlong") at a price of 1.015 billion yuan. As soon as the news came out, the share price of Gree Electric plummeted, and the market value evaporated by more than 13 billion yuan in a single day. Why does the capital market have such a big reaction?
Seven years ago, Dong Mingzhu became acquainted with Zhuhai Yinlong, and since then he has started the "dream of making cars", hoping to "create another Gree" in the field of new energy.
Seven years later, Dong Mingzhu took Zhuhai Yinlong under his command, and his evaluation changed from "gold buried in the sand" to "holes" and "big pits", but he never gave up.
Over the years, although Dong Mingzhu has been "cheering up" investors, Greti's unsatisfactory performance still makes the outside world suspicious.
The day after the announcement of the increase in holdings (December 20), the share price of Gree Electric Appliances fell sharply at the open, and finally closed down 7.09%, with a single-day market value of more than 13 billion yuan.
After Gree Electric released its 2023 annual performance forecast in the early morning of December 21, its share price rebounded, closing up 2.24% and 1.75% on the 21st and 22nd, respectively. On the 25th and 26th, the share price of Gree Electric closed down 0.28% and 0.56% respectively.
Data source: Gree Electric Annual Report and other public information collation.