智通财经网·2025-12-15 06:00Group 1 - The total production quota for third-generation refrigerants in 2026 is set at 797,844 tons, with an internal quota of 394,082 tons, reflecting an increase of 5,962 tons and 4,502 tons respectively compared to 2025 [1] - The increase in production quotas for 2026 is primarily driven by R32 (up 1,171 tons), R134a (up 3,242 tons), and R245fa (up 2,918 tons), while reductions are noted for R143a (down 1,255 tons), R227ea (down 517 tons), and R152a (down 63 tons) [1] - The demand for refrigerants is expected to grow due to the increasing ownership of air conditioning and automotive cooling systems, which will continue to drive the demand for refrigerants [1][3] Group 2 - The prices of mainstream third-generation refrigerants have shown an upward trend, with annual increases of 43.75% for R134a, 19.74% for R125, 56.25% for R32, and 42.11% for R410 [2] - The domestic production of air conditioners from January to October 2025 reached 23,034 million units, a year-on-year increase of 3.00%, while automotive production during the same period totaled 27.325 million units, reflecting an 11.00% year-on-year increase [3] - The supply of third-generation refrigerants is expected to remain rigid due to quota constraints, while the demand from downstream sectors is anticipated to grow, indicating a positive outlook for the refrigerant market cycle [3] Group 3 - Key companies in the refrigerant sector include Juhua Co., Ltd. (600160.SH), Sanmei Co., Ltd. (603379.SH), Haohua Technology (600378.SH), and Yonghe Co., Ltd. (605020.SH) [4]