Improving Internal Controls in China's Home Appliance Industry: A Case Study of Gree Electric Appliances

With the development of the Chinese economy and the improvement of people's living standards, the home appliance market has become increasingly prosperous. However, intensified competition has led some enterprises to face management challenges, with the lack of sound internal controls being a major contributing factor. Only by establishing a robust internal control system can enterprises thrive in the future, manage and govern effectively, implement strategic policies, enhance efficiency, and mitigate risks.

The publication of the 'Basic Norms for Enterprise Internal Control' has provided a clearer framework for internal control development in China, accelerating the pace of implementation across various enterprises. Therefore, understanding how to improve internal controls within the home appliance manufacturing sector to promote sustainable growth remains a crucial area of study.

This article focuses on Gree Electric Appliances as a case study, analyzing its internal control shortcomings and proposing corresponding improvement measures. The goal is to contribute to the overall advancement of internal control practices within China's home appliance manufacturing industry.