AUX ELECTRIC (02580) saw its shares increase by more than 4% during the trading session. At the time of writing, the stock was up 4.36%, trading at HK$12.22, with a turnover of HK$28.2446 million. The price movement follows reports that AUX ELECTRIC has issued a notice regarding price adjustments for 2026. The company stated that due to significant increases in the prices of key raw materials since early 2025—including a 40% rise in copper, a 20% increase in aluminum, and an 80% jump in refrigerant prices—its procurement costs have surged, putting operational pressure on the business. To ensure product quality and maintain a stable supply, prices for the entire AUX central air conditioner product line will be raised by 6% to 10% effective March 1, 2026. Orders confirmed before February 28 will still be honored at the original prices. China Galaxy Securities noted that the home appliance sector is facing cost-driven price increases alongside some structural upgrades. The current cycle of rising costs differs from the eight consecutive quarters of significant cost inflation seen from Q3 2020 to Q2 2022. With air conditioner price hikes being implemented decisively, the firm anticipates that Q4 2025 will be the period of greatest competitive and cost pressure in the air conditioning market. The price increases starting in 2026 are expected to significantly alleviate cost pressures across the industry.
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