Gree Electric Appliances Was Listed In 2004 50 Biggest Chinese Companies (2005-6-6)
The management magazine <I>Manager</I>, that enjoys most force in China, issued lists of “2004 Chinese 50 Listed Companies with Best Operation Achievement” and “2004 50 Biggest Chinese Companies” etc.. Gree Electric Appliances, with its excellent achievement of main operation income 13.833 billion RMB (about 1.67 billion USD) in 2004, was placed in No. 41 in the “2004 50 Biggest Chinese Companies”, becoming one of the few listed household electric appliances enterprises that go in the road of specialization.
<I>Manager</I>, pushed out “Income Inspection to Chinese Managers” for consecutive 7 years, “Painfulness of Chinese Managers” for consecutive 3 years, as well as lists such as “Manager MVP Golden Price Award” and “50 Companies with Best Operation Performance”, is famous in both domestic and overseas markets for its objectivity, justness, and scientificalness, and enjoying very high reputation in the field.
The 50 Companies with Best Operation Performance this year was participated by most enterprises in past years that included all mainland enterprises that listed at Shanghai, Shenzhen and Hongkong; all selected data were from the open information from the listed companies (including performance report, and audit report that issued by qualified accountant office with no remained comments). Since the growth rate of main operation income reflected the grow and market place in the main operation field of the enterprises, and the consecutive and steady growth was an important characteristics of good operation performance of an enterprise, the 50 Companies with Best Operation Performance selected the income of main business of the listed companies as reference.