As a leader in the domestic air-conditioning industry, Gree Electric has begun to diversify its pace in recent years, from trying to integrate new energy vehicles, to intelligent manufacturing, to chips and mobile phones. One of the most sensational events was Gree Electric's acquisition of Zhuhai Yinlong into the new energy automobile industry. The process is a bit tortuous, but after maneuvering, Ms. Dong finally led Gree Electric to win Zhuhai Yinlong and enter the new energy automobile industry - according to the latest announcement, Yinlong New Energy has completed the change of the shareholder register, Gree Electric has become a shareholder of Yinlong New Energy, and the transaction has been completed, after Gree Electric obtained 30.47% of the equity of Silver Dragon New Energy through public auction, controlling 47.93% of the voting rights of Silver Dragon New Energy. Yinlong New Energy will become a holding subsidiary of Gree Electric It is worth mentioning that Gree currently controls 47.93% of the voting rights of Yinlong New Energy, including the transfer of voting rights corresponding to the 17.46% equity of Zhuhai Yinlong held by Dong Mingzhu. Dong Mingzhu's move is not only to help Gree gain control of Zhuhai Yinlong at the lowest cost, but also to help Gree itself. After all, zhuhai yinlong's development in recent years has not been satisfactory
A few years later, Dong Mingzhu tried to lead Gree Electric to spend 13 billion yuan to swallow 100% of the equity of Zhuhai Yinlong, and issued an additional 9.7 billion yuan to support financing, helping Zhuhai Yinlong to develop and grow, so that Gree Electric can diversify and enter the field of new energy vehicles. However, due to the opposition of many small and medium-sized investors above the shareholders' meeting, this major acquisition can only be abandoned, and Dong Mingzhu is also furious. Since then, he has opened up the "road to better treatment of employees with corporate funds". At the same time, he gradually took out 17.46% of the equity of Zhuhai Yinlong from his pocket, becoming the second largest shareholder, Gree Electric, obtaining 30.47% of the equity of Zhuhai Yinlong at a starting price of 1.828 billion yuan, which also means that after Zhuhai Yinlong experienced a series of negative news such as industry wage arrears, wage arrears, and new energy vehicle subsidies, the corresponding valuation of Zhuhai Yinlong's 100% equity did not exceed 6 billion yuan. Gree Electric is now acquiring again, which is a "bargain"
At the end of the story, Dong Mingzhu successfully incorporated Zhuhai Yinlong into the field of Gree electric appliances. It is undeniable that in the past two years, there has been a great differentiation in the field of domestic new energy vehicles and power batteries, and the development of high-quality target enterprises has developed rapidly, such as Ningde Times, BYD, etc., but Zhuhai Yinlong is not in this echelon, and this assessment fully reflects the unsatisfactory development of Zhuhai Yinlong in recent years
Zhuhai Yinlong will undoubtedly receive greater support after being included in the field of Gree Electric Appliances and Dong Mingzhu Factor. Whether it can reverse the decline, compete for a larger market share of new energy vehicles and power batteries, and become a new profit growth point or resistance bottle for Gree Electric Appliances can only be known in the future.