2026年1月5日上午，格力电器（000651）发布声明回应市场关切问题时表示，家用空调不涨价，且暂无"铝代铜"相关计划。 【导读】格力最新回应：家用空调不涨价，且暂无"铝代铜"相关计划 近期，格力电器陆续收到投资者及媒体就部分企业推出空调涨价和"铝代铜"计划等相关问题的咨询，询问公司的态度和计划。 格力电器表示，格力积极响应2026年家电国家补贴政策，切实让利消费者，并承诺格力家用空调不涨价。同时，为满足格力家用空调十年免费包修服务标 准，格力暂无"铝代铜"相关计划。未来若相关研究能完全满足格力质量和技术标准要求并正式应用，格力将予以明确标注，充分保障消费者的知情权与选 择权。 董明珠多次回应"铝代铜"问题 近年来，随着铜价大幅上涨，用成本较低的铝替代铜被认为是降低生产成本的有效方式之一。 作为行业龙头，格力与美的、海尔、奥克斯、小米等共同参与了《房间空气调节器用热交换器》国家标准的修订，不过未参与《空调铝强化应用研究工作 组自律公约》的联合发声。 早在2023年度股东大会上，董明珠就表示，已经有部分空调企业开始用铝代替铜作为原材料。目前来看，铝作为替代，其耐久性和稳定性无法得到保证。 所以，在没有百分之百 ...

【导读】格力最新回应：家用空调不涨价，且暂无 " 铝代铜 " 相关计划 中国基金报记者 忆山 2026 年 1 月 5 日上午，格力电器发布声明回应市场关切问题时表示，家用空调不涨价，且 暂无 " 铝代铜 " 相关计划。 编辑：格林 校对：纪元 编辑：舰长 审核：木鱼 近年来，随着铜价大幅上涨，用成本较低的铝替代铜被认为是降低生产成本的有效方式之 一。 作为行业龙头，格力与美的、海尔、奥克斯、小米等共同参与了《房间空气调节器用热交换 器》国家标准的修订，不过未参与《空调铝强化应用研究工作组自律公约》的联合发声。 早在 2023 年度股东大会上，董明珠就表示，已经有部分空调企业开始用铝代替铜作为原材 料。目前来看，铝作为替代，其耐久性和稳定性无法得到保证。所以，在没有百分之百的把 握之前，格力就绝对不会使用铝代铜。 2025 年 12 月，董明珠再次表示， " 铝代铜 " 能不能代？可以代，因为铝的技术格力也研 究了很年，但是格力依然坚持不用 " 铝代铜 " 的原因是，它还没有达到与铜同等的技术条件 和保障。 董明珠指出： " 我们一定研究，直到铝能够完全替代铜，我一定上铝。 " 近期，格力电器陆续收到投资者及 ...

1月5日上午，格力电器发布声明称，近期，公司陆续收到投资者及媒体就部分企业推出空调涨价和"铝 代铜"计划等相关问题的咨询，询问公司的态度和计划。格力电器明确，格力积极响应2026年家电国家 补贴政策，切实让利消费者。承诺格力家用空调不涨价。 格力电器表示，为满足格力家用空调十年免费包修服务标准，暂无"铝代铜"相关计划。未来若相关研究 能完全满足格力质量和技术标准要求并正式应用，我们将予以明确标注，充分保障消费者的知情权与选 择权。 股票频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 ...

格力电器今日发布声明称：近期，公司陆续收到投资者及媒体就部分企业推出空调涨价和'铝代铜'计划等相关问题的咨询，询问公司的态度 和计划。公司现说明如下： 格力积极响应2026年家电国家补贴政策，切实让利消费者。格力承诺， 格力家用空调不涨价。 格力电器进一步表态称，为满足格力家用空调十年免费包修服务标准， 暂无"铝代铜"相关计划。 未来若相关研究能完全满足格力质量和技 术标准要求并正式应用，将予以明确标注，充分保障消费者的知情权与选择权。 下载财联社APP获取更多资讯 准确 快速 权威 专业 7x24h电报 头条新闻 VIP资讯 实时盯盘 ...

Group 1: Aluminum - The price of alumina remains stable at 2685 yuan/ton, with metallurgical-grade alumina production capacity reaching 88.689 million tons/year and a weekly operating rate increase of 0.55 percentage points to 80.39% [1][3] - The short-term supply-demand fundamentals for alumina continue to show an oversupply, with inventories accumulating and spot prices remaining weak [1][3] - Domestic electrolytic aluminum prices increased by 1.59% to 22,700 yuan/ton, while London aluminum prices rose by 1.79% to 3,010 USD/ton, with electrolytic aluminum margins increasing by 7.18% to 6,862 yuan/ton [3] Group 2: Copper - Copper prices experienced fluctuations after reaching historical highs, with weekly changes in London copper, Shanghai copper, and US copper prices being +2.39%, -0.49%, and -2.62% respectively [2] - Domestic copper inventories saw a significant accumulation, with social inventories of electrolytic copper at 238,900 tons, a 23.40% increase [2] - The supply-demand balance for copper may shift from tight equilibrium to shortage due to insufficient capital expenditure in copper mines and frequent supply disruptions [2] Group 3: Lithium - Lithium carbonate prices increased by 5.90% to 118,500 yuan/ton, while lithium spodumene prices rose by 3.89% to 1,548 USD/ton, indicating a positive trend in lithium prices [4] - The supply of lithium carbonate increased by 1.2% to 22,400 tons, with SMM weekly inventory decreasing by 0.2% to 109,600 tons, marking 20 consecutive weeks of inventory reduction [4] - The demand for lithium batteries remains strong, with expectations for continued growth in lithium demand despite seasonal trends [4] Group 4: Cobalt - Cobalt prices are expected to continue rising, with MB cobalt increasing by 1.53% to 24.88 USD/pound and domestic cobalt prices rising by 10.11% to 490,000 yuan/ton [5] - The Democratic Republic of Congo has lifted its cobalt export ban, implementing a quota system instead, which may affect the supply chain in the near future [5] - The structural tightness in cobalt raw materials remains unchanged, supporting the outlook for rising cobalt prices [5]

1月5日，格力电器发文宣布，近期，格力电器陆续收到投资者及媒体就部分企业推出空调涨价和"铝代铜"计划等相关问题的咨询，询问公司的 态度和计划。 此前，12月24日，格力电器官方在互动平台表示暂时没有铝代铜计划。 对此，格力电器董事长董明珠也曾表态，坚决不用铝代铜。 董明珠直言，虽然铝的技术也研究了很多年，但铝代铜还没有达到铜的这样的同等的技术条件和保障。 对此，官方承诺，格力家用空调不涨价。同时，格力宣布暂无"铝代铜"相关计划。 ...

Core Viewpoint - Gree Electric Appliances has committed to not raising prices for its home air conditioners, responding to inquiries regarding price increases and the "aluminum instead of copper" initiative from other companies [1] Group 1: Company Position - Gree actively supports the national subsidy policy for home appliances set for 2026, aiming to benefit consumers [1] - The company assures that it will not implement any price hikes for its home air conditioners [1] - Gree currently has no plans to adopt the "aluminum instead of copper" strategy to meet the ten-year free repair service standard for its home air conditioners [1] Group 2: Consumer Assurance - Gree emphasizes that if future research allows for the use of alternative materials while meeting quality and technical standards, it will clearly label such changes to protect consumer rights and choices [1]

新浪科技讯 1月5日上午消息，格力电器今日发布声明称："近期，公司陆续收到投资者及媒体就部分企 业推出空调涨价和'铝代铜'计划等相关问题的咨询，询问公司的态度和计划。公司现说明如下：格力积 极响应2026年家电国家补贴政策，切实让利消费者。我们承诺，格力家用空调不涨价。" 格力电器进一步表态称，"为满足格力家用空调十年免费包修服务标准，我们暂无'铝代铜'相关计划。 未来若相关研究能完全满足格力质量和技术标准要求并正式应用，我们将予以明确标注，充分保障消费 者的知情权与选择权。"（文猛） 责任编辑：屠欣怡 新浪科技讯 1月5日上午消息，格力电器今日发布声明称："近期，公司陆续收到投资者及媒体就部分企 业推出空调涨价和'铝代铜'计划等相关问题的咨询，询问公司的态度和计划。公司现说明如下：格力积 极响应2026年家电国家补贴政策，切实让利消费者。我们承诺，格力家用空调不涨价。" 格力电器进一步表态称，"为满足格力家用空调十年免费包修服务标准，我们暂无'铝代铜'相关计划。 未来若相关研究能完全满足格力质量和技术标准要求并正式应用，我们将予以明确标注，充分保障消费 者的知情权与选择权。"（文猛） 责任编辑：屠欣怡 ...

Core Viewpoint - The article discusses the ongoing debate in the air conditioning industry regarding the use of aluminum instead of copper in key components, particularly heat exchangers, and the implications for performance and cost [5][12][31]. Group 1: Industry Trends - Major air conditioning brands, including Haier, Midea, and TCL, have formed an alliance to promote the use of aluminum in place of copper, while Gree has explicitly stated it will not adopt this practice due to concerns over quality and reliability [6][10][11]. - The shift to aluminum is driven by rising copper prices, which have surged to over $12,000 per ton, making copper increasingly expensive for manufacturers [38][59]. Group 2: Technical Considerations - The transition to aluminum involves replacing copper pipes in heat exchangers, which are critical for the cooling and heating functions of air conditioners [12][15]. - Aluminum has lower thermal conductivity (about 60% of copper's) and poorer corrosion resistance, which raises concerns about long-term reliability and performance [17][18]. - Innovations such as microchannel technology and specialized coatings are being developed to mitigate the disadvantages of aluminum [19][20][21]. Group 3: Economic Factors - The cost of copper constitutes approximately 30-40% of the total cost of air conditioning units, prompting manufacturers to seek alternatives like aluminum, which is significantly cheaper (1/12 the cost of copper) [36][62]. - The global demand for copper is increasing due to the expansion of AI data centers and electric vehicle production, further straining supply and driving prices up [47][52]. Group 4: Market Dynamics - The article highlights that the trend of replacing copper with aluminum is not unique to China; it is a global phenomenon across various industries, including home appliances and electrical sectors [27][29]. - Companies are under pressure to adapt to market conditions, including potential tariffs on copper imports, which could further escalate costs [55][58]. Group 5: Consumer Concerns - Consumers are primarily concerned about whether the switch to aluminum will compromise the performance of air conditioning units, particularly in terms of cooling efficiency and reliability [64][65]. - The article suggests that manufacturers should consider passing on cost savings to consumers through lower prices or extended warranties to build trust in the new technology [65].

Summary of Conference Call Notes Industry Overview - The conference call primarily discusses the home appliance industry, focusing on sales performance and trends in 2025 and projections for 2026 [2][4][5]. Key Points and Arguments Sales Performance in December 2025 - December 2025 recorded the lowest absolute sales for the year, with total payments for home appliances at 52.9 billion yuan, a year-on-year decrease of 8.3% [2]. - Specific category sales included: - Air conditioners: 13.2 billion yuan, down 9.7% - Washing machines: 8.5 billion yuan, down 5.1% - Refrigerators: 11.3 billion yuan, down 10.9% - Black electronics (e.g., TVs): 12.6 billion yuan, down 7.2% [3][2]. Market Trends and Projections - The overall home appliance market is expected to decline by 9% in Q4 2025, though the decline is not as severe as initially feared [4]. - For Q1 2026, a modest growth target of 4% is set, with expectations of maintaining low single-digit growth [8][2]. National Subsidy Policy Changes for 2026 - Starting January 1, 2026, the national subsidy policy will expand to over 20 provinces, covering six major categories of home appliances [5]. - Although the first quarter will have sufficient funding, the total annual budget is expected to be lower than in 2025 [5]. - Priority will be given to energy-efficient products, with local governments and platform merchants expected to increase subsidies [5][6]. E-commerce and Consumer Engagement - JD.com aims to break regional barriers and expand its reach into first-tier and rural markets, expecting to add 30-40 million new users to the subsidy program [7]. - Over 100 million users benefited from JD.com's promotional policies in the first half of 2025 [7]. Recent Sales Trends - Recent sales data shows a slight recovery, with home appliance sales reaching nearly 10 billion yuan in three days, a year-on-year increase of 1.4% [8]. - However, air conditioners and refrigerators are still experiencing negative growth [8]. Price Trends and Material Changes - The average price of air conditioners rose to 2,900 yuan in December, a month-on-month increase of nearly 12% [10]. - The shift from copper to aluminum in air conditioning units is being driven by rising raw material costs, with significant cost savings projected [13][15][21]. - The air conditioning industry is expected to see price increases due to ongoing material cost pressures, with Midea announcing a 3-4% price hike [21]. Aluminum-Copper Transition in Air Conditioning - Major manufacturers are transitioning to aluminum in air conditioning units, with North American markets leading the way [13][20]. - The use of aluminum is expected to save costs significantly, with potential for replacing 100,000 tons of copper annually in the industry [15][17]. - Concerns about product reliability have been addressed through improved testing standards, ensuring that aluminum does not compromise product lifespan [14]. Competitive Landscape - Major brands like Midea, Gree, and Haier are facing challenges with declining sales across various categories, with specific negative growth rates reported for each brand [9]. - The competitive landscape is shifting as companies adapt to new materials and market demands, with Gree's stance on aluminum usage being particularly noteworthy [20]. Additional Important Insights - The home appliance market is experiencing a significant transformation driven by material cost changes and evolving consumer preferences, with a focus on energy efficiency and sustainability [5][21]. - The impact of local government subsidies and e-commerce strategies will play a crucial role in shaping market dynamics in 2026 [7][5].