Sanmei(SH:603379)2023-11-03 10:58Group 1: Company Overview and Financial Performance - The company, Zhejiang Sanmei Chemical Co., Ltd., reported a domestic revenue share of 59.85% and an overseas revenue share of 40.15% for 2022 [1] - Direct sales accounted for 51.08% of revenue, while distribution sales made up 48.92% [1] Group 2: Production and Sales Strategy - The company is constructing a production line for 35 million bottles of refrigerant, which will enhance standardized production and optimize factory layout [2] - The sales model combines direct sales and distribution, with some refrigerant products being filled by third parties [2] Group 3: Market Insights and Recommendations - The automotive repair market is a significant segment, but specific statistics on the R134a refrigerant's market share in this sector were not disclosed [2] - Investors suggested that the company should consider stock buybacks to enhance shareholder value, especially given the current low stock price [2]