GREE(SZ:000651) Ge Long Hui·2026-02-02 13:26Core Viewpoint - Gree Electric Appliances emphasizes that copper is a core raw material for air conditioners, accounting for approximately 20% of the total cost, and currently has no plans to replace copper with aluminum due to performance and reliability concerns [1] Group 1: Material Cost Analysis - Copper constitutes about 20% of the cost of air conditioners, highlighting its significance in manufacturing [1] - Aluminum costs approximately 1/12 of copper in terms of material cost, with a price ratio of about 1/4 and a density ratio of about 1/3 [1] Group 2: Performance and Reliability Concerns - The company notes that aluminum falls short in several critical parameters compared to copper, including melting point, thermal conductivity, resistivity, corrosion resistance, and long-term reliability [1] - Due to these performance and quality concerns, the company currently has no plans to implement aluminum as a substitute for copper [1] Group 3: Research and Industry Monitoring - The company is committed to researching aluminum substitution technology and continues to monitor industry trends [1]