Dogness' "going to overseas + intelligence" boosts performance

Tue, 01/31/2023 - 16:13

Headquartered in Dongguan, China, Dogness (International) Co., Ltd. is committed to providing consumers with pet smart products with world-class performance and quality. The company's products mainly include three major sectors: pet intelligence, pet traction, and pet care, and plans to increase the pet health care sector, and gradually build a pet IoT platform that links pets and owners, and finally forms an ecological chain of "four major sectors, one platform" model.

According to the recent financial report, Dogness’s operating income in 2022 was US$27,095,200, a year-on-year increase of 11.41%; the net profit attributable to ordinary shareholders of the parent company was US$3,235,600, a year-on-year increase of 113.94%.

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. Growth in this category was driven by a $10.4 increase in the average selling price of smart pet products and a 14.1% year-over-year increase in volume.