From September last year to January this year, the three projects invested by Nongfu Spring in just half a year will cost 3.85 billion yuan.

The company stated that the main reason for the change in performance was the increase in the purchase price of the company's feed, global inflationary pressures, the impact of the epidemic, and the sharp rise in US dollar interest rates.

Chenghui Food was founded in 2008, focusing on deep processing of meat products, and has more than 600 production and R&D personnel. This is also the first specific investment case in the field of agricultural product industry chain after East Buy announced to increase agricultural investment several months ago.

Based on the number of hospitals and pet care service revenue in 2020 and 2021, Xinruipeng is the largest pet care platform in China and the second largest in the world.

From the perspective of income structure, Dogness’s intelligent transformation has obviously achieved certain results: in 2022, the company’s revenue from smart pet products will account for 49.8%, exceeding the 42.2% of traditional pet products.

The tariff rate of the air pump for flower ponds, was directly reduced from the original 5% to zero tariff when imported in Indonesia, which greatly enhanced the company's international competitiveness. It is expected that exports to the Indonesian market will increase by 20% to 30% this year.

Although international brands currently occupy a large share in China's pet food industry, in the past two or three years, from the perspective of the market share of the top 10 companies in the industry, the market share of foreign brands has declined.

The total sales of pet appliances reached 2.13 billion yuan in 2021, a year-on-year increase of 41.4%. With the gradual expansion of the "companion economy", digital smart pet raising has become a trend.

Durian is a product with strong consumption and growth in the Chinese market. Shrimp is also one of the most popular foods consumed by Chinese people during the Chinese Spring Festival.

Taking the product "Dingding lazy sauerkraut fish 450g*3" as an example, the sales volume in the past 30 days reached 543,000 pieces, with an estimated total sales of 42.95 million yuan.