Why is Haier of Gree Midea not listed?

The main reason is that its business and income structure lead to low profits.

In the white electricity industry, the gross profit margin of air conditioners is the highest, followed by refrigerators and washing machines. Haier refrigerators and washing machines contributed 60% of the income. In contrast, 40% of Midea's income comes from air conditioning, 20% from small household appliances, and about 80% of Gree's income comes from air conditioning. At the same time, Haier's unique distribution policy.

Gree and Midea adopt an in-vitro sales company and do not need to raise a bunch of sales staff. However, Haier's distribution link is mainly carried out within the company. This sinking degree also means that Haier has to bear higher logistics and sales costs than Midea and Gree.

Analysis of other business events:

Haier's assets and business are too diversified, which also leads to the market's concern about maximizing the company's value. In addition to Haier Zhijia and Haier Electric, there are in vitro finance companies, upstream and downstream assets, startups in other fields, and even shares of Haier Bio and Xingpu Medical, which are listed separately.

The dazzling stakeholders and related party transactions, on the one hand, make the market worry about the lack of interest consistency and depress the valuation; On the other hand, the cost of interest coordination within the company has also increased. The superposition of multiple factors led to Haier's valuation at the bottom of the three whites.