Shares of Gree Electric Appliances surged after the chairwoman of the Chinese maker of white goods said yesterday that the firm achieved its best annual revenue last year since its inception over three decades ago and the goal is to double that in the next five years The Zhuhai-headquartered manufacturer of air conditioning units and washing machines predicted in late December that its 2023 revenue should stand between CNY205 billion and CNY210 billion (USD28.5 billion to USD29.2 billion), marking the third time of exceeding CNY200 billion and a maximum increase of 10 percent from the year before. Net profit could tally from CNY27 billion to CNY29.3 billion (USD3.8 billion to USD4.1 billion), as big as a 20 percent boost from 2022.