Gree Electric Appliances Inc of Zhuhai (SHE: 000651) is China's largest white goods manufacturer, with a focus on air conditioners and related components. The Zhuhai, Guangdong province-based company posted ¥60.81 billion in revenues and ¥4.28 billion in net profits for 2010, up from ¥42.64 billion and ¥2.91 billion respectively from the year before. Its revenue from overseas market rose 67.1% to ¥9.75 billion in 2010, representing 17.3% of total revenue. It had 62,044 employees as of December 31, 2010. Gree was founded in 1989 and listed on the Shenzhen Stock Exchange in 1996.
$1 = ¥6.44
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