On February 28, Dong Mingzhu, the 68 year old "Iron Lady", was elected as the chairman of Gree Electric Appliance (000651. SZ) without suspense. Facing the new three-year term, she said not long ago that it was time for "Gree Electric" to change to "Gree Electric". On the same day, the 2022 shareholders' meeting of Gree Electric considered the list of candidates for the new board of directors. Dong Mingzhu was elected as a non independent director and elected as the chairman of the board, thus opening her fourth three-year term as the chairman of Gree Electric. Last year, the domestic household air conditioning market recovered less than expected. According to AVC data, the retail sales of air conditioners in China reached 152.7 billion yuan in 2021, a year-on-year decrease of 1.2%; The retail volume was 46.89 million units, a year-on-year decrease of 8.7%. For Gree Electric, which relies on air conditioning for 70% of its income, how to further promote diversified business and find the second growth curve is the most important task. On February 21 this year, when asked by the media about the next growth space of Gree Electric, Dong Mingzhu said that Gree Electric has changed to Gree Electric, has the ability to manufacture equipment and control its core components. Dong Mingzhu revealed that it is brewing to separate and list Gree equipment and industrial core components. The purpose of listing is not to attract money, but to create more brands, such as Gree's CNC machine tools, which can process key parts of cars. Therefore, we must let the outside world know that Gree does not only have a single air conditioning business, but has changed from Gree Electric to Gree Electric. In 2021, Gree Electric successively acquired the controlling interests of Yinlong new energy (renamed Gree titanium new energy) and Dunan environment (002011. SZ), and increased the business of energy storage, new energy vehicles and parts. Dunan environment announced last week that Gree Electric received the decision of the State Administration of market supervision and administration on February 22, and Gree's acquisition of Dunan environment passed the antitrust review. For the new track of energy storage and new energy vehicle industry chain, Dong Mingzhu said that Gree will not be a new energy household vehicle, but can be an urban sanitation vehicle and a large bus. Because the lithium titanate battery of Gree titanium new energy company has advantages in safety. During Dong Mingzhu's new three-year term of office, there are new faces in her "partners" on the board of directors, including Deng Xiaobo, vice president and Secretary of Gree Electric Appliance, and Zhang Qiusheng, an independent director who has in-depth research on enterprise mergers and acquisitions. However, Gaoling capital, the controlling party behind the major shareholder of Gree Electric Appliance, still has not sent representatives to "join the meeting". The relationship between Gree Electric Appliance and Hillhouse capital is now more reflected in the capital level and dividend level. A senior analyst in the home appliance industry told the first financial reporter that Gree's medium-term goal is to get out of the second growth curve. The message of this board change is that the development of Gree Electric still takes Dong Mingzhu as the core. In January this year, Gree Electric announced the shareholder return plan for the next three years, and plans to pay dividends twice a year, with the total cash dividend not less than 50% of the net profit. On February 13, Gree Electric Appliance put forward the medium-term profit distribution plan for 2021 and planned to distribute cash dividends of 10 yuan (including tax) for every 10 shares. It is expected to distribute cash dividends of about 5.537 billion yuan in total. This is an important measure for Gree to further stabilize its shareholders against the background of the decline in its share price last year. It is also an important factor for the smooth change of the board of directors and the successful re-election of Dong Mingzhu. On February 28, Gree Electric Appliance's share price fell 1.08% to 36.77 yuan / share. (Xinhua News Agency)