Dong Mingzhu, chairwoman and president of Gree Electric Appliances

Gree Electric will continue to focus on the areas of smart home and high-end equipment in 2020, as the company's business is being restructured from air conditioners, household appliances, communication equipment and smart equipment into consumption and industrial sectors.

Both the consumer and industrial sectors are very important for Gree. Without high-end equipment, it is impossible to make perfect consumer products, so Gree attaches great importance to both. Gree hopes that the high-end equipment developed and manufactured by the company will also occupy an important share in the global market like air conditioners in the near future.

Innovation is the fundamental driving force for enterprise development. Gree will persist in seizing opportunities, finding shortcomings, and striving to meet changing demands of consumers. The company, which has launched IoT smart home appliances, will improve product energy efficiency, comfort and smart interconnection through innovation, and make consumers enjoy a better life.