In this issue, CCTV Financial's "Dialogue" program invited the chairman of China Post, Hegang Group and Gree Electric to be listed. At the scene of the recording of the program, Dong Mingzhu, chairman of Gree Electric, revealed that Gree was almost acquired by a foreign Fortune 500 company in his early years.
Chairman and President of Gree Electric Co., Ltd.Dong Mingzhu: We China should have its own brand. Although we only had an annual operating income of 13.8 billion yuan, today we have an annual operating income of 200 billion yuan. At that time, if I sold it only by 900 million (net assets), I think the amount is not the most important. The key is that a brand is gone.
How do Chinese companies be "strong" by "big"?
Although the number of Chinese companies entering the world's top 500 has increased, they are also generally facing problems such as low profitability. In terms of market size, the growth rate of operating income of Chinese companies on the list is much higher than the average of the world's top 500 companies. However, from the perspective of profit indicators, the average profit of Chinese companies on the list is lower than the average of the world's top 500.
Dong Mingzhu said that enterprises must really go from "big" to "strong".The key is to rely on independent innovation.
Chairman and President of Gree Electric Co., Ltd.Dong Mingzhu: "Big" may be based on the acquisition of many companies, its operating indicators, business data is large, understanding of "strong"It is that you have core competitiveness.
CCTV Financial Reporter Ning Kun:What do you think about the recent emergence of white horse stocks in the stock market?
Chairman and President of Gree Electric Co., Ltd.Dong Mingzhu: That is not the real white horse stock.
CCTV Financial Reporter Ning Kun:Will Gree face the risk of “explosive thunder”?
Chairman and President of Gree Electric Co., Ltd.Dong Mingzhu:Gree certainly won't, 100% won't.Therefore, I think that in the process of enterprise development, the key is to cultivate yourself, and the government only creates a fair environment for you.
What else does Dong Mingzhu have to say?
Dong Mingzhu talks
"On the list of Fortune World 500"
Q: Gree ranked first in the Fortune Global 500 for the first time this year. Is it unhappy?
Dong Mingzhu:Ok, okay. I feel okay for me. It is most important to do this brand well and to do a good job. So, Gree isair conditioningThe field has been number one in the world for more than a decade.
Q: Dong Dong is in a good mood today?
Dong Mingzhu:When are I in a good mood? When the mood is the worst, it is when Oaks is not reasonable.
Q: Everyone is concerned about when you plan to retire?
Dong Mingzhu:It can be done now. There is no reluctance to leave, and the child is naturally big to fly. So I think, as long as I need to, I will continue to do it.
Question: But now it seems that Gree will think of Dong Mingzhu.
Dong Mingzhu:That is what it should be.
Q: If Gree does not have you in the future, can you continue to maintain a strong competitive edge?
Dong Mingzhu:It should, if not, then I will not let go.