Gree's financial statements in recent years basically have no loans. Monetary funds131000 million yuan, short-term loans1809 million yuan, long-term loans1579 million yuan. As can be seen from the financial statements, there are few bank loans and abundant cash flow.
Based on my long-term experience in analyzing corporate financial statements, I personally think that Gree's financial statements are highly credible. Because this company is not only rich in monetary funds, but also maintains a high cash dividend ratio every year. Cash dividends are real money, not just optimistic about the statements. For example, in the past, the financial statements of some Leibao companies were very beautiful, but they just didn't pay dividends very much. Cash seems abundant, but there are also many bank loans. You must think twice when you see such financial statement data.
Gree company is considered as an excellent company among listed companies. For a long time, including last year's COVID-19 epidemic, it has been paying a large percentage of dividends. Although it has been greatly affected, it is not easy to continue to pay dividends to shareholders. Personally think it is a company with reliable financial statements.