GLONGHUI, August 15 丨 Some investors asked Mingyue Lens (301101.SZ): The penetration rate of defocused lenses has increased in Tier 1 and 2 cities. Are there any plans to expand the sinking market? Strategic planning in terms of products and channels, if any?
Mingyue Lens replied: Mingyue's mainstream customers are actually second-tier cities and below. Of course, there have also been quite a few breakthroughs in the first-tier. For example, it has reached a very deep strategic partnership with PhD Glasses in the Shenzhen region, and will continue to jointly promote defocus lens products in the future.
The company is vigorously promoting coverage of the sinking market. Instead of being forced into helplessness, it is expanding its product line to cover more people and increasing its base. For example, the 1.56 product launched on August 1 this year mainly targets the sinking market.
In addition, there are also prominent customers in the sinking market. For example, many of the TOP300 customers are customers in the sinking market. We don't differentiate the level of customer support based on city level; we pay more attention to the customer's growth potential, market position, and depth of cooperation with Mingyue. The company's sales network is relatively advanced in breadth, depth, product structure and customer stickiness throughout the country. In this regard, we have an advantage over foreign partners.