Group 1 - Dongyue Group (00189) saw a stock price increase of over 3%, reaching HKD 11.79 with a trading volume of HKD 81.084 million [1] - CICC's report indicates that despite a year-on-year decline in air conditioning production since July, refrigerant prices continue to rise, with the latest R32 price approaching CNY 60,000 per ton [1] - The pricing power of refrigerants has shifted from the demand side to the supply side, as the air conditioning demand enters a seasonal production lull, which does not dominate refrigerant price trends [1] Group 2 - As of mid-July, the offline retail sales of air conditioners in the domestic market increased by 19.63% year-on-year, while online retail sales grew by 26.17% [1] - The retail volume for offline and online platforms also saw significant increases of 16.15% and 30.28% year-on-year, respectively [1] - There have been reports of stock shortages in markets such as Northeast and Northwest China, while sales in East and Central China remain optimistic [1] Group 3 - With the new cooling season approaching at the end of August, despite a decrease in air conditioning production since July, terminal consumption is expected to remain high, leading to sustained high production levels and increased demand for refrigerants [1]