GREE(SZ:000651) Di Yi Cai Jing·2025-06-06 15:57Group 1 - The former executive of Gree Electric, Huang Hui, has reportedly joined Meibo Air Conditioning, although the company denies the rumors and states that they are only discussing potential cooperation [1] - The air conditioning market is experiencing intense price competition, particularly during the "6.18" shopping festival, with many models priced over 1000 yuan appearing on e-commerce platforms [1] - The air conditioning industry is facing challenges as leading brands lower prices, raising questions about how second and third-tier brands can survive [1] Group 2 - According to AVC data, from May 26 to June 1, 2023, online sales of air conditioners in China decreased by 1% year-on-year, while offline sales increased by 0.23% [2] - The average price of air conditioners is declining, with online prices averaging 2668 yuan (down 0.33% year-on-year) and offline prices averaging 4104 yuan (down 0.23% year-on-year) [2] - Xiaomi's air conditioning brand is rapidly growing, ranking third in the online market, prompting other brands like Midea's Hualing and Haier's Tongshuai to respond with lower prices [2] - The trend of declining air conditioning prices is expected to continue into the peak season [2]