Taking history as a mirror, we can know the rise and fall
Taking history as a mirror can be used to see the direction
Using history as a mirror can set a strategy
Midea Group took the lead in showing its sword
At three o'clock in the morning on April 30, 2024, the much-anticipated financial report of Gree Electric Appliances has not yet come out, and the annual report of the same brother Midea Group has been announced as early as March 28, and even the first quarter report of this year, Midea Group and Haier Smart Home were also announced on April 29 as scheduled.
Gree Electric is long overdue
But a good meal is not afraid of being late, and although it is long overdue, it does not take long for it to come.
Let's take it, Dong Mingzhu!
Needless to say, the performance has been predicted, and investors have already known the bottom in their hearts.
The market is generally concerned about Gree Electric's dividend plan, and investors are concerned about how Dong Mingzhu will take over.
The dividend plan of 23.80 yuan per 10 shares completely dispelled the anxiety of investors for more than a month.
More than a month ago, on March 28, Midea Group suddenly announced a dividend of 30 yuan per 10 shares.
Such a generous dividend plan was announced first, which excited the investors of Midea Group, but anxious the investors of Gree Electric Appliances, and there was hope in the anxiety.
The anxiety is because of Dong Mingzhu's maverick style, and the hope is that the performance in 2023 will reach a new high, and Gree Electric has always had a good return to investors.
However, after all, it is a dividend of 30 yuan per 10 shares! The highest record in the history of Gree Electric Appliances is no more than that.
This time, does Dong Mingzhu dare to accept the recruitment?
She has always been proud of Gree Electric's high dividends.
However, for more than a month, Dong Mingzhu's silence has whetted the appetite of investors.
Disappointed, investors
However, investors did not wait for surprises in the end.
The dividend of 23.80 yuan per 10 shares is a big difference compared with the plan of Midea Group to pay a dividend of 30 yuan per 10 shares, and there is a whole and zero, which also shows that Dong Mingzhu has indeed spent a lot of thought, otherwise how could the financial report be late?
There is no harm if there is no comparison, and investors at this time are helpless except for a little disappointment.
Perhaps investors' expectations are too high.
Maybe Midea Group is too good to take the lead in showing its sword.
Or maybe Dong Mingzhu's silence has whetted the appetite of investors.
For more than a month, investors have been waiting in such an anxious mood mixed with hope.
What are you waiting for?
Wait for Gree Electric Appliances, wait for Dong Mingzhu to pick up!
Gree Electric is worthy of the investors who love her
It is a bit impossible to say that Dong Mingzhu turns a blind eye to all this, after all, the dividend of 23.80 yuan per 10 shares is also a high level in the history of Gree's dividends, and it is all real money!
It can be seen from the comparison of Gree Electric's dividend plans over the years that this year's dividend plan is not bad.
After the above comparison, it is found that the dividend plan of Midea Group of 30 yuan per 10 shares has also appeared twice in the history of Gree Electric Appliances, in addition, the dividend of 23.80 yuan per 10 shares is its high level, which is also a leader in the entire A-share market, and also reflects Dong Mingzhu's emphasis on investor returns and dividends have always been generous.
In fact, the cumulative dividends of Gree Electric Appliances since its listing have reached 155.298 billion yuan (including the repurchase of 30 billion yuan of the company's shares and the 2023 annual dividend), for which Midea Group and Haier Smart Home cannot be compared with it.
Therefore, Gree Electric is also worthy of investors who love her.
A proper surprise that is no less than the growth of performance!
Could it be that there are no surprises in the two financial reports of Gree Electric?
Isn't it a surprise that the operating data has reached a new high?
Isn't it a surprise that the ingenuity brand leads the industry?
Isn't the steady growth of the main business a surprise?
Is it not a surprise that the air conditioner won the award, and the ice wash won the award?
Isn't it a surprise to diversify the layout and multipolar development?
Isn't the growth of the green energy sector a surprise?
Science and technology create a better life, is it not a surprise to have 44 "international leading" technologies?
Isn't it a surprise that even Gretitanium, which has been criticized by investors for its black spray, has made breakthroughs in related fields?
Of course not!
Indeed, in the past year, Gree Electric has had many happy events, but it is not a surprise.
In the financial report released by Gree Electric Appliances, where does the surprise come from?
Judging from the financial report information released by Gree Electric Appliances this time, the surprise comes from a significant decrease in the number of shareholders - this is a surprise that is no less than the growth of performance!
As can be seen from the above two charts, both in the annual report and the latest quarterly report, the number of shareholders has decreased significantly, with a decrease of 17.48% and 23.23% respectively.
By the end of March, the number of shareholders had dropped to 507,400, with an average of 11,000 shares outstanding per capita.
What does this mean?
Shows that the chips are being concentrated!
Regarding this point, let's take a look at the relationship between the stock price of Gree Electric Appliances and the number of shareholders in recent years.
How to interpret the relationship between stock price and number of shareholders?
1. On December 31, 2021, the number of shareholders was 949,300 shares, which is also the largest number of shareholders of Gree Electric since its listing. The lowest value of the stock price of the month was 34.23 yuan, which was already at the bottom, but the real low point was postponed to the lowest value of 28.49 yuan in October 2022 (of course, there are factors of dividend ex-rights).
2. As of March 31 this year, the number of shareholders of Gree Electric Appliances was 507,400, which decreased from 949,300 on December 31, 2021. At that time, the number of shareholders of Gree Electric reached the highest value in history, and it was nicknamed "Million Heroes". Previously, the share price of Gree Electric Appliances fell all the way down from the second highest point in history of 69.79 yuan on December 2, 2020, and fell for a whole year, and fell to 38.14 yuan on December 31, 2021.
So, the question is, is it reasonable that the stock price of the month was 38.14 yuan when the number of shareholders was at its highest of 949,300, and now the number has dropped to 507,400, and the stock price has returned to 39.31 yuan?
3. The current number of shareholders is 507,400, which is close to 496,300 on March 31, 2020 and 480,000 on December 31, 2020, respectively, and the corresponding highest stock prices in the month are 63 yuan and 69.79 yuan respectively.
It should be noted that the highest value of the stock price of 63 yuan in March 2020 was caused by the pullback of Gree Electric Appliances after hitting the highest price of 70.56 yuan since its listing on January 9, 2020, and the highest value of the stock price of 69.79 yuan in December 2020 was the second highest point in history after nearly a year of high-level consolidation.
So, the question arises again, is it reasonable to have almost the same number of shareholders, and the current stock price at the end of the first quarter is only 39.31 yuan?
In addition, what else is similar or the same in March 2020 and December 2020 and March 2024, except that the number of shareholders is close?
I'll talk about it after looking at the picture below.
Yes, in the previous year of 2020, in 2019 and in 2024, in 2023, the total operating income of Gree Electric Appliances has hit a new high since its listing, with 200.5 billion and 205 billion respectively. It is not difficult to explain why the two highest prices in the history of Gree Electric Appliances appeared on January 9, 2020 and December 2, 2020.
So, here comes the problem again.
In 2019, Gree Electric's operating performance hit a new high since its listing, and then the stock price hit a new high of 70.56 yuan in 2020, and continued to consolidate at a high level in the following year. This financial report shows that in 2023, the operating performance of Gree Electric Appliances will hit a new high since its listing, and what should the stock price be in 2024?
In addition, the monetary funds at the end of 2023 and the end of 2019 are still very close, with 124.105 billion yuan and 125.401 billion yuan respectively.
Why not mention monetary funds here?
Because the business results of the enterprise are ultimately manifested in monetary funds, as the saying goes, everything is illusory, only cash can prove everything!
An important message that has to be mentioned, joy with sorrow, and joy in sorrow
In addition, there is another important information that must be noted, that is, compared with the 2023 financial report, the number of institutions and their holdings at the end of the first quarter of 2024 has changed significantly.
As of the end of the first quarter, the number of institutions holding Gree Electric Appliances reached 417, a decrease of 424 or 50.42% compared with 841 at the end of 2023, far higher than the 23.23% decline in the overall number of shareholders in the same period.
What a terrible statistic this must be!
As the backbone of stock price fluctuations, in just three months, they fled from Gree Electric Appliances 424 companies, are they so afraid of Gree Electric Appliances?
However, things in the world are often like this, joy with sorrow, and sorrow with joy!
Although the number of institutions has dropped significantly, the number of institutional holdings has increased significantly.
As of the end of the first quarter, the number of institutional shares held increased from 2.788 billion shares at the end of 2023 to 2.828 billion shares, an increase of 1.43%, and the proportion of outstanding shares increased from 49.93% to 50.65%, an increase of 0.72%.
It can be seen that the institutional holders of Gree Electric have dropped significantly, but the chips are more concentrated, which is definitely a good thing.