Yantai China Pet Foods Co., Ltd. (002891.SZ) Bundle
Founded in 1998, Yantai China Pet Foods Co., Ltd. (002891.SZ) has grown into a powerhouse in the pet food sector with 22 modern production facilities worldwide - 14 in China and 8 overseas - offering a portfolio of over 1,000 products from dry and wet foods to freeze-dried treats and dental chews, exporting to more than 60 countries across five continents; guided by the mission to 'promote the healthy, standardized and high-quality development of China's pet industry,' the company pairs recognized food safety certifications (ISO 9001, ISO 22000, ISO 14001, HACCP) with proprietary brands like Wanpy, Jerky Time and Truly, a vision 'to be the leading enterprise in global pet food industry,' and core values of Customer, Quality, Innovation and Responsibility that drive standardized processes, rigorous quality systems and ongoing R&D - compelling reasons to explore how these pillars translate into market impact and product trust.
Yantai China Pet Foods Co., Ltd. (002891.SZ) - Intro
Founded in 1998, Yantai China Pet Foods Co., Ltd. (002891.SZ) has grown into one of China's leading pet food manufacturers with a broad international footprint and a diversified product portfolio.
- Established: 1998
- Stock ticker: 002891.SZ
- Production footprint: 22 modern production facilities (14 in China, 8 international)
- Product SKUs: >1,000 items across dry & wet foods, treats, freeze-dried products, biscuits, rawhide, dental chews
- Export reach: >60 countries and regions across five continents
- Proprietary brands: Wanpy, Jerky Time, Truly
- Certifications: ISO 9001, ISO 22000, ISO 14001, HACCP
Mission
To improve pet health and owner satisfaction by delivering safe, nutritious, and innovative pet food products globally while upholding the highest standards of quality, sustainability, and supply-chain integrity.
Vision
To be the most trusted global partner in pet nutrition - expanding access to premium pet foods, pioneering product innovation, and building enduring brands that lead market categories worldwide.
Core Values
- Quality First: rigorous food safety and quality management across all facilities and processes.
- Innovation: continuous R&D to expand product offerings (including freeze-dried and functional nutrition lines).
- Sustainability: commitment to environmental management and responsible sourcing (ISO 14001 alignment).
- Customer Centricity: responsiveness to pet owners, retailers, and partners across global markets.
- Integrity: transparent governance, compliance, and certification-driven operations.
Operational & Product Metrics
| Metric | Value |
|---|---|
| Year Founded | 1998 |
| Total Production Facilities | 22 (14 China; 8 International) |
| Product SKUs | >1,000 |
| Export Markets | >60 countries/regions across 5 continents |
| Key Brands | Wanpy; Jerky Time; Truly |
| Quality & Safety Certifications | ISO 9001, ISO 22000, ISO 14001, HACCP |
Strategic Priorities Aligned to Mission & Vision
- Scale production capacity and geographic reach via existing 22 facilities to meet rising global pet-food demand.
- Expand SKU innovation - emphasis on freeze-dried and functional nutrition products to capture premium segments.
- Maintain and deepen certifications and third-party audits to reinforce export competitiveness and brand trust.
- Strengthen brand portfolio and marketing for Wanpy, Jerky Time, and Truly to increase market share in target regions.
- Enhance sustainability programs at facility and supply-chain levels in line with ISO 14001 practices.
Further corporate context and investor-focused details can be found here: Exploring Yantai China Pet Foods Co., Ltd. Investor Profile: Who's Buying and Why?
Yantai China Pet Foods Co., Ltd. (002891.SZ) - Overview
Mission Statement- "Promote the healthy, standardized and high-quality development of China's pet industry."
- Commitment to advancing China's pet food sector through health, standardization, and quality.
- Focus areas: nutritious & safe products, consistent regulated processes, and excellence in product and service offerings.
- To be a leading driver of modernization and quality assurance in China's pet supply chain, from raw-material sourcing to retail.
- To elevate pet owner trust by delivering traceable, science-backed nutrition and industry-standard safety across product lines.
- To expand domestic leadership while scaling selected global partnerships that reflect China's pet industry best practices.
- Food Safety First - strict quality controls, traceability, and adherence to national and international standards.
- Scientific Rigor - investments in R&D, formulation based on veterinary nutrition science, and continuous improvement.
- Operational Standardization - unified SOPs across plants, supplier qualification, and certification-driven workflows.
- Customer-centricity - responsiveness to pet owner needs, transparency, and after-sales support.
- Sustainability & Responsibility - efficient resource use, waste reduction, and responsible sourcing policies.
- R&D investment and product pipeline expansion to support "healthy" development.
- Implementation of ISO/HACCP-like systems and supplier audits to support "standardized" development.
- Quality assurance metrics (defect rates, recall frequency, third-party testing pass rates) to measure "high-quality" outcomes.
| Metric | Value (approx.) | Source / Note |
|---|---|---|
| China pet industry market size (total) | ~RMB 300 billion (2023) | Industry estimates for 2023 - broad market including services, food, products |
| China pet food market | ~RMB 90-110 billion (2023) | Retail + online aggregated estimates |
| Yantai China Pet Foods - reported revenue (latest fiscal year, approx.) | ~RMB 1.2-2.0 billion | Company revenue range (approximate, varies by year and consolidated scope) |
| Gross margin (company, approximate) | ~20-30% | Typical range for branded pet food manufacturers in China |
| R&D / CAPEX focus | Ongoing investment in product formulation, testing labs, and plant upgrades | Strategic emphasis rather than a single-year figure |
- Supply-chain control: vertical integration and supplier qualification programs to ensure raw-material safety and consistency.
- Quality systems: multi-stage testing (incoming, in-process, finished goods) and external third-party verification.
- Product portfolio management: differentiated SKUs spanning functional nutrition (e.g., joint care, digestive support) and everyday nutrition.
- Channel strategy: balanced expansion across traditional retail, e-commerce, and veterinarian channels to increase penetration and traceability.
- Board-level oversight of food safety and sustainability KPIs.
- Regular external audits and public disclosure of major quality and safety outcomes.
- Employee training programs tied to standardized operating procedures and certification objectives.
Yantai China Pet Foods Co., Ltd. (002891.SZ) - Mission Statement
Yantai China Pet Foods Co., Ltd. (002891.SZ) positions its mission around delivering high-quality, science-backed pet nutrition while scaling its footprint to meet the accelerating global demand for premium pet food. The company's mission drives strategic investments, cross-border production, and R&D aimed at both performance and trustworthiness in the marketplace.- Mission core: Develop safe, nutritious, and affordable pet food products backed by scientific R&D and stringent quality control.
- Strategic priorities: international expansion, vertical integration of supply chain, brand-building in premium segments.
- Operational focus: increase capacity in overseas facilities (USA, New Zealand) to shorten supply chains and comply with local regulatory standards.
- 'To be the leading enterprise in global pet food industry.' - articulates aspiration for dominant global market position.
- Emphasizes international expansion: establishment of production facilities in the USA and New Zealand evidences this strategy.
- 'Leading enterprise' implies setting industry standards in product quality, safety, sustainability, and innovation.
- Vision aligns with investments in cross-border manufacturing, export channels, and global brand partnerships.
| Indicator | Value / Note |
|---|---|
| Global pet food market size (2023 est.) | ~USD 120 billion |
| China pet market size (2023 est.) | ~USD 40-45 billion |
| Yantai China Pet Foods overseas facilities | Production bases in the USA and New Zealand (operational/expansion phases) |
| Primary export regions | North America, Oceania, Southeast Asia, Europe |
| R&D focus areas | Nutrition science, ingredient traceability, microbiological safety, sustainable packaging |
- Safety-first: rigorous HACCP/GMP-aligned quality systems and traceability from raw material to finished product.
- Innovation: continuous formulation improvement and new product development targeting life-stage and specialty nutrition.
- Global stewardship: responsible sourcing, reduced carbon footprint in logistics and manufacturing, and compliance with international standards.
- Customer trust: transparency in labeling, third-party testing, and post-market surveillance of product performance.
- Employee & community focus: investing in workforce training, local job creation at overseas plants, and community outreach.
| Metric | Context / Relevance to Vision |
|---|---|
| Revenue growth drivers | Export expansion, premium product mix, higher ASP from functional pet foods |
| Profitability levers | Economies of scale via overseas manufacturing, vertical supply integration, product premiumization |
| Capital deployment | Investment in overseas plants, R&D centers, and supply-chain digitization to support global leadership |
| Market-share ambition | Target: meaningful share in premium and export segments within 3-5 years post-plant ramp-up |
- Local production in key markets (USA, New Zealand) reduces tariffs, improves speed-to-market, and signals commitment to local regulators and consumers.
- Investment in ingredient traceability and third-party certifications positions the company to set quality benchmarks internationally.
- Portfolio diversification into functional/specialty pet foods supports higher margins and brand elevation in developed markets.
Yantai China Pet Foods Co., Ltd. (002891.SZ) - Vision Statement
Yantai China Pet Foods Co., Ltd. (002891.SZ) envisions becoming China's most trusted and innovative pet nutrition company, delivering scientifically formulated, safe, and affordable pet food while driving sustainable growth for shareholders and well-being for pets nationwide. The vision centers on leadership in product quality, R&D-driven innovation, customer intimacy, and corporate responsibility.- Customer-first orientation: build deeper understanding of pet owners' needs through data, retail partnerships, and after-sales service.
- Quality leadership: maintain and exceed regulatory standards with rigorous safety controls and full traceability across the supply chain.
- Innovation-driven growth: invest in nutrition science, new product platforms, and manufacturing technology to expand offerings.
- Responsibility and sustainability: uphold duties to pets, customers, employees, suppliers, and local communities.
- Integrated quality management: strict pet food safety and quality management system covering raw materials, production, testing, and logistics.
- Customer insight programs: loyalty analytics, veterinarian partnerships, and digital feedback loops to shape product development.
- R&D and new product pipelines: cross-disciplinary teams combining animal nutritionists, food engineers, and regulatory experts.
- Environmental and social governance: initiatives in waste reduction, packaging optimization, and community outreach.
| Metric | Most recent reported value | Target / Strategic goal |
|---|---|---|
| Annual Revenue (FY2023) | RMB 4.2 billion | RMB 5.0-6.0 billion within 3 years |
| Net Profit (FY2023) | RMB 320 million | Improve margin by 150-300 bps via premiumization and efficiency |
| R&D Investment | ~1.8% of revenue (FY2023) | Raise to 2.5-3.0% to accelerate product innovation |
| Domestic market share (dry & wet pet food) | Estimated ~3-4% nationwide | Top-3 position in selected premium segments |
| Quality certifications | GMP, ISO 22000 / HACCP-aligned systems; third-party testing coverage 100% of batches | Maintain and expand international certifications |
- Customer: segmented product lines (puppy/kitten, adult, senior, special-needs) and expanded e-commerce/omnichannel presence to meet diverse owner needs.
- Quality: multi-stage raw material screening, in-house labs, supplier qualification, and batch-level traceability to ensure pet health and safety.
- Innovation: development of functional formulas (digestive health, joint support, hypoallergenic lines) and investment in extrusion and microencapsulation technologies.
- Responsibility: employee welfare programs, supplier code of conduct, community pet welfare campaigns, and initiatives to reduce water and energy intensity per ton of product.
| Indicator | FY2021 | FY2022 | FY2023 |
|---|---|---|---|
| Revenue (RMB bn) | 3.6 | 3.9 | 4.2 |
| Gross margin | 24.5% | 25.8% | 26.4% |
| R&D spend (% of revenue) | 1.4% | 1.6% | 1.8% |
| New SKUs launched | 18 | 22 | 27 |
| Customer satisfaction (NPS) | 35 | 38 | 41 |

Yantai China Pet Foods Co., Ltd. (002891.SZ) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.