At the annual shareholders' meeting of Gree Electric Appliances on June 28 this year, Dong Mingzhu, Chairman and CEO of Gree Electric Appliances, said regarding the impact of rising copper prices on the company's gross profit this year, "We understand that some air-conditioning companies have begun to use aluminum instead of copper as raw materials. However, at present, the durability and stability after replacing copper with aluminum cannot be guaranteed. Therefore, Gree will never use aluminum to replace copper before we are 100% certain.
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