The Tianjin YiYi sanitation Company(hereinafter referred to as “YiYi”) was established in May 1990. It is located in the industry area of Zhangjiawo Town, Xiqing District, Tianjin, and listed on the Main Board of Shenzhen on May 18, 2021, with a registered capital of RMB 9, 433, 567, 000. As one of the large-scale pet hygiene care products production bases in China, the company's main business is the research and development, production and sales of disposable hygiene care products and non-woven fabrics. Among them, disposable hygiene care products mainly include pet pads, pet diapers, pet cleaning bags, etc. Ltd. and Hebei YiYi Technology Development Co.Through years of customer accumulation and market cultivation, our products are exported to more than 40 countries and regions, such as the United States, Japan, Europe, etc. We have established stable and long-term cooperation with many international large chain supermarkets, such as PETSMART, Wal-Mart, Amazon, DCM, ITO and Aeon in Japan.
The pet industry has experienced more than 100 years of development in developed countries, forming an industry system consisting of products and services such as pet supplies, pet food, pet breeding, pet medical care, pet training, and pet insurance. In 2021, the global pet industry market size of about 150 billion U.S. dollars, thanks to the steady development of the global pet market, pet supplies market size growth rate for three consecutive years than the average growth rate of the industry, and there is still more potential for an explosion.
In 2019-2021, the scale of sales revenue of pet hygiene care products of the Company reached RMB931,621,000, RMB1,084,951,100 and RMB1,422,875,000, respectively. The company's foreign export amount accounts for 33.08%, 36.33% and 37.00% of the total amount of similar domestic export products according to customs statistics, and the scale advantage in the field of similar products export market is extremely outstanding.
China's pet industry developed late, from the early 1990s of the 20th world to the present, China's pet industry has entered a period of accelerated development. According to the "China Pet Industry White Paper 2020", the size of China's pet market will be about 228.9 billion yuan in 2021, maintaining an average annual compound growth rate of more than 30% for many years. China's pet industry is in a period of rapid development, the brand awareness of breeders is gradually increasing, the pet industry "blowout era" has arrived, the future development of the pet supply industry will be unlimited space.
The company optimized its domestic marketing team in February 2020, with the main line of its own brand HUSHPET and Yiping Flower House, using a combination of online and offline marketing, currently in Tmall, Jingdong self-operated, Tik tok and national professional channels are sold.