"The first share of dog rope" Yuanfei pet was successfully listed

Today, Wenzhou Yuanfei pet toy products Co., Ltd. (hereinafter referred to as "Yuanfei pet"), the first share of pet traction appliances in the domestic capital market, was officially listed on the main board of Shenzhen Stock Exchange.

Yuanfei pet, founded in 2004, has become a pet product manufacturer with pet supplies and pet food as the core after more than 10 years of development. The company's products cover the business layout of pet traction appliances, pet snacks, pet injection toys and other categories, among which it has a leading position in the field of pet traction appliances. The prospectus shows that in recent years, Yuanfei pet's performance has grown steadily. From 2019 to 2021, the company's revenue increased from 515 million yuan to 1.069 billion yuan, with a compound annual growth rate of 44.09%. Among them, traction appliances accounted for more than 57% of the main business income. The company is expected to achieve an operating income of 575-646 million yuan from January to June 2022, an increase of about 20-35% over the previous year; It is expected to achieve a net profit of 85-95 million yuan, an increase of about 31-47% over the previous year.

Yuanfei pet's products are mainly exported. Over the years, the overseas market revenue accounts for more than 95%, of which North America and Europe are the main sales areas, and the total sales revenue accounts for more than 80% of the main business revenue. It is understood that the company has long-term cooperation with Wal Mart, Carrefour, Petsmart, PetCO, zeedog and other international chain brands.

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According to reports, Yuanfei pet always adheres to market demand as the guide, takes product independent innovation and technology research and development as the core driving force, and continues to carry out rapid and accurate product development according to the diversified needs of the pet market. The company has set up design and development centers and cutting-edge research groups in Shanghai and the United States respectively, and has built a professional, systematic and international pet product design team. Based on meeting the needs of customers for customized and mass production, the company has created a multi-dimensional service system focusing on product output. In addition, Yuanfei pet attaches great importance to the control of product quality. On the one hand, it continuously strengthens the management of the supply chain system to ensure that upstream manufacturers supply products in a timely and reliable manner; On the other hand, Yuanfei pet has established a professional quality management team to strictly control all processes of product production to meet the strict requirements of customers for product quality. Over the years, Yuanfei pet has accumulated high-quality customer resources with its good design innovation ability and reliable and high-quality product quality. At present, the company has maintained long-term cooperative relations with PetCO and Petsmart, the American pet goods retail giants, petsathome, a well-known European pet goods chain, Walmart, target and other large international chain retailers.

Although China's pet industry has developed for a short time, it has benefited from the development of the national economy and the transformation and upgrading of consumption. In recent years, the domestic pet market has grown rapidly. The "2022 China pet economy industry market prospect and Investment Research Report" recently released by the China Business Industry Research Institute shows that the compound growth rate of China's urban pet (dog and cat) consumption market scale from 2012 to 2021 reached 24.88%, reaching 249 billion yuan by 2021. It is expected that the market scale of China's pet industry will reach 269.3 billion yuan by 2022. It is reported that with the increase of the annual production capacity of 3000 tons of biting glue, 25 million pet traction appliances and the construction of the marketing operation center of Yuanfei pet investment project, the company will further expand its production capacity, improve product quality, and enhance its market competitiveness and market share; At the same time, Yuanfei pet will take into account the domestic and foreign markets, focus on developing the domestic online retail market, and transfer the sales target from enterprise customers to retail customers, so as to facilitate the company to further develop the domestic pet food and supplies market in the future and realize the development needs of the company's business expansion.