Group 1 - High temperatures in regions such as Beijing, Tianjin, and Hebei have led to a surge in air conditioning sales, with Su Ning reporting year-on-year sales growth of 68%, 83%, and 65% respectively since June 20 [2] - The "618" promotion period saw significant increases in air conditioning orders, with AI energy-saving and fresh air air conditioners experiencing over 500% growth, and central air conditioning sales up over 220% [3] - Domestic air conditioning retail sales in May grew by 30.4% online and 27.1% offline, driven by the "618" promotion and the old-for-new policy [3] Group 2 - The second quarter is expected to see domestic air conditioning sales reach 39.94 million units, a year-on-year increase of 15.8% [3] - The old-for-new subsidy program has 138 billion yuan available for the second half of the year, with funds to be distributed in July and October [4] - Analysts predict that the stimulating effects of the subsidy program will gradually weaken over the next two years, with a projected 30% increase in the recycling of old household appliances by 2027 compared to 2023 [4] Group 3 - The market may experience a slowdown in July due to demand front-loading and the potential pause or limitation of subsidy funds, leading to a temporary decrease in market demand [3][4] - Air conditioning companies are advised to manage inventory risks and explore opportunities in rural markets in response to market fluctuations [4]