Gree Electric has posted another strong quarter while signalling a clear shift in its leadership model.

The company reported Q1 2026 revenue of 30.8 billion yuan and net profit of 6.082 billion yuan, both new highs. Management credited tighter incentives, a broader product mix and faster commercialisation of low‑carbon technologies.

Notably, CEO Zhang Wei — not chairwoman Dong Mingzhu — led the earnings briefing, reinforcing Gree’s transition toward a younger, more distributed management structure.

Operational highlights included:

• Cooling and laundry appliances up over 20%
• Smart equipment revenue up more than 20%
• Silicon‑carbide chips up 200%
• Liquid‑cooling systems gaining traction with cloud providers

The broader message is strategic: Gree is moving from a founder‑centric model to a coordinated leadership team positioned for its next phase of growth.