Sanmei(SH:603379)2024-05-06 09:35Group 1: Company Overview - The company is Zhejiang Sanmei Chemical Co., Ltd. with stock code 603379 [1] - The investor relations activity took place on April 30, 2024, involving various investment firms and analysts [2][3] Group 2: Production and Inventory - The company adjusts production based on orders and annual production plans, with specific production and sales data disclosed in the first quarter report [3] - The company currently operates normally, with no anticipated quota shortages in the second quarter [3] Group 3: Pricing Strategy - The pricing strategy for refrigerants is market-driven, with the first quarter's price increase lower than market prices due to real-time market fluctuations [4] - Future price expectations for refrigerants are influenced by market quotas, upstream raw material prices, and downstream market demand [4] Group 4: HFCs Transition and Capacity Management - The transition from HFC-134a to HFC-32 is influenced by downstream demand and quota policies, with potential shifts to lower GWP products [4] - Manufacturers may adjust idle HFCs capacity based on market conditions, with smaller capacities gradually exiting the market [4] Group 5: Future Plans and Projects - The company does not rule out acquiring third-generation refrigerant quotas in the future, depending on market conditions and pricing [4] - A new project for lithium hexafluorophosphate (LiPF6) with a capacity of 6,000 tons per year is expected to enter trial production in October 2024 [4]