Good news! Peidi Shares Were Shortlisted as Zhejiang Province's High-tech Enterprises and Won the "Pilot Enterprise" of Zhejiang's local Private Multinational Companies in 2023

The 2023 Zhejiang local private multinational enterprise "Pilot Enterprise List" and Zhejiang Province High-tech Recognition List have been announced one after another, and Peidi shares are on the list. It is understood that the criteria for the two honor lists are focusing on niche markets, strong innovation capabilities, high market share, mastering key core technologies, and excellent quality and efficiency. They are either hidden champions in niche fields or chain-leading enterprises in key links of the industrial chain; they are important forces to seize the opportunities for future industrial development, obtain new competitive advantages in the future, and lead future economic and social development!

Peidi shares is an enterprise that responded to the country's "Belt and Road" initiative earlier and successfully implemented the "going out" development, realizing the optimal allocation of resources through the "Belt and Road" countries. In recent years, the company has continuously accelerated the internationalization of the supply chain, and raw material procurement activities have covered China, Central Asia, ASEAN, the Americas, Australia and other countries and regions, reducing production costs, improving operating safety factors, and enhancing core competitiveness. At the same time, the company also introduced high-end and distinctive products from overseas factories into the Chinese market to help the development of its own brand business.

Seeking Innovation, Change and Breakthrough to Create High-end Quality Products

Peidi shares has always focused on industry and the pet industry. It not only needs to make good products, but also needs to make good global products, and use good global products to promote the upgrading of pet health standards. The company has always believed that if it wants to go global, it is necessary to insist on "technology + product". Faced with a complex market competition environment, the company actively seeks innovation, change and breakthroughs. Adhere to technological innovation, keep up with changes in market demand, strictly control product quality, and build a global research, production and sales system with international production and manufacturing, full-category product supply chain and high-quality differentiated positioning. The company's R&D expenses in the first three quarters of 2023 were 21.5319 million yuan, a year-on-year increase of 5.8%. After years of technological accumulation, the company has a number of patent technologies in China, the United States, Japan, Europe, Vietnam, Uzbekistan and other countries and regions. It is worth mentioning that 4 invention patent applications were submitted in 2023, all of which have been accepted; 5 design applications were submitted, of which 1 was authorized and 4 were accepted.

Based on Southeast Asia, New Zealand's Precise Investment Strengthens its Own Advantages

As of the end of 2023, the company has 7 modern pet food factories in Vietnam, Cambodia and New Zealand, with a planned production capacity of more than 100,000 tons. In addition to the original pet snack products, the company has also built a high-end staple food production line with an annual production capacity of 70,000 tons in New Zealand. It is understood that Southeast Asian countries have unique advantages in cost management. Among them, the Vietnam factory entered the profit period in 2015 and has become the company's most important production capacity output place. The Cambodian factory is an important measure for the company to invest in Southeast Asia under the "Belt and Road Initiative". After the project construction is completed and put into use in 2022, it will soon achieve a break-even. The New Zealand factory has the advantages of pure natural raw materials and equipment, which helps to realize the strategic planning of high-standard and high-quality products. In terms of overseas investment, the company comprehensively considers the advantages and characteristics of the local area, combines the development status of the enterprise, accurately positions, empowers itself, and strengthens its own advantages.

Adhere to Legal and Compliant Operations to Enhance International Operational Strength

Compliance is the core benchmark for enterprises to "go global" steadily and steadily. As an enterprise with global operations as its goal strategy, Peidi shares must not only go global, but also truly go in. "Technology + product" is the premise for going global, and "management + culture" is the tool for going in. At present, the regulatory systems of various countries are adjusted frequently. The company believes that corporate compliance is not only reflected in the compliance of projects and project establishment, but also in establishing the cablishing correct corporate values. "Sunshine, freshness, responsibility, and reliability" are the values of Peidi shares, among which responsibility is to remind companies that they need to assume certain social responsibilities.