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Tianfeng Securities: Continuous improvement in the profitability of household appliances, domestic sales expectations may reverse.
Recently, the central government has implemented a policy of trading in old for new, with subsidies comparable to those for rural household appliances. The domestic sales are currently in a major renewal cycle, and the policy's elasticity in implementation can be expected, potentially leading to a reversal in domestic sales expectations.
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Gree Electric: 2024 Semi-Annual Report Summary
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