The revenue is more than 9 billion, Gree's net profit is 13.8 billion, and Xiaomi's net profit is 5.1 billion. What's going on?

To be honest, every time I compare the financial information of Xiaomi with Gree, I find it interesting.

Looking at the revenue scale alone, Xiaomi and Gree were on a par in the first half of the year, with Gree's revenue of 97.296 billion and Xiaomi's revenue of 95.77 billion. The scale of industry profit is similar, with Gree's operating profit of 16.393 billion and Xiaomi's operating profit of 12.474 billion.

therefore, the gross profit margin of Gree is 16.84%, and that of Xiaomi is 13.3%. The gross profit margins of both companies are above double digits, which is relatively high in the current manufacturing enterprises.

looking at net profit, in the first half of the year, Gree's net profit was 13.815 billion, Xiaomi's net profit was 5.147 billion, and Gree was 2.68 times that of Xiaomi. Moreover, judging from the sales expenses, management expenses and R&D expenses during the period, this share of Xiaomi is far less than Gree's. Why?

this question is an interesting place when comparing Gree and Xiaomi. Obviously, the revenue scale is similar, and the gross profit is similar. Xiaomi's period expenses are still less than Gree's. Why is the net profit worse than twice?

Xiaomi's operating profit is 12.474 billion, and its net profit is 5.147 billion. Where is the middle 7.327 billion? I'm sorry, I can't see from Xiaomi's financial statements, where did this 7.3 billion go!

This is a step of Gree's transformation from traditional manufacturing to intelligent manufacturing, which is also the mechanized and automatic production mode of Gree factory at present. Use big data for data management to improve production efficiency.

what about Xiaomi? Obviously, Xiaomi has Internet genes from the beginning, because it started from the Internet at the beginning. Xiaomi's application to the Internet lies in sales, and the Internet sales platform is used to realize the large-scale sales of Xiaomi smartphones, thus saving sales costs compared with Gree.

it's really amazing! Lei Jun and Dong Mingzhu's attitude towards the world's top 5 companies

On July 22nd, the list of Fortune Global 5 companies in 219 was published, and Gree Electric ranked 414th with revenue exceeding 2 billion yuan in 218. Among the 129 China enterprises on the list, Gree Electric ranked first in return on equity (ROE).

At the same time, Xiaomi also entered the world's top 5 with a revenue of 181.8 billion yuan in 218, ranking 468th.

Therefore, Dong Mingzhu won the 1 billion bet made by Lei Jun and Dong Mingzhu five years ago, but Dong Mingzhu didn't ask for it and Lei Jun didn't give it. Then, Dong Mingzhu once again "about war" Lei Jun, to gamble again.

Let's not talk about these for the time being. They have completely different attitudes and practices in the matter of entering the world's top 5 companies.

Dong Mingzhu believes that Gree's entry into the world's top 5 companies is a natural process. Lei Jun is much happier when Xiaomi can enter the world's top 5, and he directly gives stock rewards to employees and indirectly raises wages.