Gree Electric Appliances of Zhuhai (SZSE:000651) Tax Rate % : 21.24% (As of Sep. 2024)

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What is Gree Electric Appliances of Zhuhai Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Gree Electric Appliances of Zhuhai's Tax Expense for the three months ended in Sep. 2024 was ¥1,976 Mil. Gree Electric Appliances of Zhuhai's Pre-Tax Income for the three months ended in Sep. 2024 was ¥9,303 Mil. Therefore, Gree Electric Appliances of Zhuhai's Tax Rate % for the quarter that ended in Sep. 2024 was 21.24%.

Gree Electric Appliances of Zhuhai Tax Rate % Historical Data

The historical data trend for Gree Electric Appliances of Zhuhai's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Gree Electric Appliances of Zhuhai Tax Rate % Chart

Gree Electric Appliances of Zhuhai Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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15.42

15.32

14.82

15.45

15.53

Gree Electric Appliances of Zhuhai Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Tax Rate %	Get a 7-Day Free Trial															14.88	17.15	12.75	15.94	21.24

Gree Electric Appliances of Zhuhai Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Gree Electric Appliances of Zhuhai's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	5096.681	/	32815.704
	=	15.53 %

Gree Electric Appliances of Zhuhai's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Sep. 2024 )	/	Pre-Tax Income (Q: Sep. 2024 )
	=	1976.069	/	9303.183
	=	21.24 %

Gree Electric Appliances of Zhuhai Tax Rate % Related Terms

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Gree Electric Appliances of Zhuhai Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Gree Electric Appliances Inc of Zhuhai (SZSE:000651) » Definitions » Tax Rate %

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Traded in Other Exchanges

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Address

Jinji West Road, Qianshan, Guangdong Province, Zhuhai, CHN, 519070

Website

http://www.gree.com.cn

Gree Electric Appliances is one of the largest heating, ventilating, and air conditioning, or HVAC, product manufacturers in China, with key products such as residential and commercial air conditioners. Gree generates over 80% of sales domestically and is backed by China's Zhuhai local government. Air conditioners remain the biggest contributor to Gree's earnings, with an over 70% representation over the years. The company has also made forays into industrial component parts, photovoltaic equipment, new energy vehicles, and battery production. As of March 2024, Chairwoman Dong Mingzhu and privately owned investment entity Zhuhai Mingjun collectively held 17% of its total equity interest, while state-owned Zhuhai Gree Group owned 3.4%.

Executives

Deng Xiao Bo	Secretary, Director
Duan Xiu Feng	Supervisors
Zhang Wei	Director
Tan Jian Ming	Executives
Huang Hui	Directors, executives
Zhang Jun Du	Director
Xu Zi Fa	Director
Dong Ming Zhu	Directors, executives
Liu Jun	Executives
Wang Jing Dong	Directors, executives
Yang Yong Xing	Securities Affairs Representative
Chen Wei Cai	Executives
Wang Li Qin	Supervisors
Meng Xiang Kai	Director
Zhuang Pei	Executives

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