Company Overview - The company is a leading manufacturer of pet products, specializing in pet supplies and pet snacks, with a strong position in the pet leash market [1] - It has established a global R&D, production, and sales layout, with research groups in the US and Shanghai, and production bases in Zhejiang and Cambodia [3] Core Competencies - Efficient product design and industrialization capabilities, with rapid response to customer needs and diverse product realization [1][2] - Reliable product quality control, with certifications including ISO and GRS, and a comprehensive quality management system [2] - Long-term accumulation of high-quality customer resources, with partnerships with major international retailers like Walmart and PetSmart [2][3] - Globalized R&D, production, and sales layout, leveraging cost advantages in raw materials and labor [3] Market Strategy - The company primarily focuses on overseas markets, with sales covering the US, Europe, and Japan [2] - It has been expanding its domestic market since 2018, with a focus on e-commerce platforms like Tmall, JD, and TikTok [3][4] - The domestic strategy includes promoting its own brands (e.g., PIKAPOO) and leveraging multiple e-commerce platforms to increase market share [4] Production and Operations - The company operates two factories in Cambodia: one for pet leashes and the other for pet snacks [4] - It leverages the advantages of Zhejiang's leather processing industry and Cambodia's low labor costs for stable production capacity [3] Future Outlook - In 2024, the company plans to expand its domestic market share and explore potential demand from existing overseas customers [5] - It aims to increase new customer orders through participation in exhibitions and other activities [5]
源飞宠物(001222) - 2024年1月10日投资者关系活动记录表