Share the QR code < / P > < p > with friends and circles of friends < / P > < p > "Gree Electric" wechat company number < / P > < p > on October 31, Gree Electric released the description of Gree Electric's litigation cases in the United States on the official wechat company number. The full text is as follows < / P > < p > on October 30, our company noticed that some media spread the news of Gree's litigation cases in the United States on the Internet, The explanation is as follows: < / P > < p > our company has recently reached an agreement with the consumer protection department of the U.S. Department of justice and the federal prosecutor's office of central California (collectively referred to as DOJ). The products involved in the agreement are dehumidifiers produced by our company and exported to North America from 2005 to 2012 < p > our company received an accident complaint in 2012 and reported it to the U.S. Consumer Product Safety Commission (CPSC) in June 2013. Due to the untimely declaration, our company and CPSC reached a civil settlement in 2016 and paid US $15.45 million < p > in 2017, DOJ asked our company to take responsibility for the same incident. After several rounds of negotiations, our company and DOJ recently reached an agreement to pay US $75.75 million. If our company complies with the agreement, DOJ will terminate the case after the end of the three-year period < p > the problems involved in the above agreements occurred 8 years ago, and there were no similar problems after 2013. The amount involved in the agreement has been fully accrued, which will not affect our normal operation and performance this year < p > Zhuhai Gree Electric Appliance Co., Ltd. < / P > < p > Review on October 31, 2002: < / P > < p > < / P > < p > sudden! Gree was exposed to receive a fine of nearly 600 million yuan in the United States, involving this product < / P > < p > according to several media reports, on October 29 local time, the U.S. Department of Justice announced on its official website that Gree and the U.S. Department of justice reached a delayed prosecution agreement (DPA). According to the terms of the DPA, Zhuhai Gree and Hong Kong Gree agreed to accept a total fine of US $91 million (about 580 million yuan) and to provide compensation to any unpaid victims of the fire caused by the company's defective dehumidifier < p > according to court documents, Zhuhai Gree, Hong Kong Gree and Gree's subsidiaries in the United States know that their dehumidifiers are defective and do not meet applicable safety standards, which may cause a fire, but these companies have not reported this information to the U.S. Consumer Product Safety Commission for several months. These companies reported and recalled these dehumidifiers only after increasing consumer complaints about fires and injuries caused by them The U.S. Department of Justice said that Hong Kong Gree reached a deferred prosecution agreement on a criminal material submitted in the Central District Court of California on Thursday. The criminal materials submitted with DPA accused Zhuhai Gree and Hong Kong gree of committing a felony under the consumer goods safety law, that is, deliberately failing to report consumer goods safety information to CPSC < p > at the same time, Gree USA Inc., a US subsidiary of gree in industrial city, California, was also charged in criminal information. Court documents show that Zhuhai Gree, Hong Kong Gree and Gree's subsidiaries in the United States know that their dehumidifiers are defective, do not meet applicable safety standards and may catch fire, but these companies have not reported this information to the U.S. Consumer Product Safety Commission for several months. The companies reported and recalled these dehumidifiers only after increasing consumer complaints about fires and injuries < p > according to the terms of DPA, Zhuhai Gree and Hong Kong Gree agreed to accept a total fine of US $91 million and to provide compensation to any non compensated victims of the fire caused by the company's defective dehumidifier. The civil penalty of USD 15.45 million previously paid by Gree to CPSC is included in the total penalty of USD 91 million of the agreement. The Justice Department said this was the end of the first corporate criminal enforcement actions under the Consumer Product Safety Act (CPSA). As part of the criminal reconciliation, Gree agreed to continue to cooperate with the Ministry of justice in the investigation and prosecution, and agreed to strengthen the company's compliance projects and reporting requirements < p > on the exposed DPA document, the signature of suspected Dong Mingzhu also appeared on October 20, 2021 < p > as of press time, Gree Electric has not responded to this matter < p > Gree's dehumidifier products have been making waves in the American market. As early as 2013, Gree dehumidifier suffered a lawsuit of US $150 million in California. The Plaintiff alleged that the dehumidifier sold by Gree through the dealer was easy to cause a fire. The accusation also pointed out that Gree not only denied that these dehumidifiers sold in the United States were dangerous, but also retaliated after the dealer reported the problem to the U.S. government < p > since 2013, Gree has launched two recalls of dehumidifiers. In the first recall in September 2013, 12 brands of "problem" dehumidifiers were involved, and the number of recalls was about 2.25 million. In the expanded recall in January 2014, the number of dehumidifiers involving Ge brand was about 350000. The recalled dehumidifiers were sold in stores in the United States and Canada and on Amazon and eBay websites from January 2005 to August 2013, involving 13 brands, including Gree, Danby, de'longhi, Fedders, Fellini, Frigidaire, Ge, Kenmore, norpole, premiere, seabreeze, soleusair and superclima, But the manufacturers are Gree Electric appliances < p > the third quarter's revenue and net profit fell, and Gree's share price hit a new low in the year < / P > < p > on October 28, Gree's share price closed at 36.5 yuan / share, a new low in two years. The share price rose slightly on the 29th, closing at 36.65 yuan / share. So far, Gree's share price has fallen by 38% during the year, and its market value has evaporated 180 billion yuan from its high level < p > the performance of share price is directly related to the performance of Gree Electric in the third quarter. On October 26, Gree Electric released its third quarterly report. The report shows that in the first three quarters, the company achieved a year-on-year increase in revenue of 9.73% and a year-on-year increase in net profit attributable to the parent company of 14.21%. However, from the third quarter alone, Gree's revenue and net profit both fell, including revenue fell 16.5% and net profit fell 15.66% < p > from the previous revenue data, the third quarter of each year is generally the peak season, and the revenue is generally the highest in the year. At the same time, factors such as high demand for air conditioning caused by hot summer and 618 Shopping Festival can drive the company's revenue. However, in the third quarter of this year, the company's revenue decreased by more than 10 billion yuan month on month, resulting in the phenomenon of "not prosperous in peak season" < p > in terms of other financial indicators, Gree's inventory has reached 39.675 billion yuan, an increase of 92% compared with the same period last year and 42% compared with the beginning of this year; Long term borrowings soared to 8.84 billion yuan from 1.57 billion yuan in the same period last year, while notes payable soared to 40.816 billion yuan from 21.427 billion yuan at the beginning of the year

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2023-03-22 10:04:46