In 2023, Gree’s average selling prices for residential air conditioners trended 21% and 9% above the industry average for online and offline channels, respectively, per All View Clouds.

We are initiating coverage on Gree Electric Appliances, one of the largest residential and commercial air conditioner manufacturers in China, with a fair value estimate of CNY 48 per share.

The Chinese manufacturer said its new photovoltaic air conditioner is available in three versions with a cooling capacity ranging from 12.1 kW to 16 kW and a heating capacity of 14 kW to 18 kW.

The Power of G-Boost Technology GREE's Airy Series AC is engineered with the groundbreaking G-Boost Technology, making it a standout choice for regions where temperatures can reach up to 68°C.