Shandong is a major food province, and meat is the largest advantageous sub industry in Shandong's food industry, ranking first in the country in terms of scale and efficiency for more than 20 consecutive years. A group of well-known leading enterprises have emerged, including Delis, Jinluo, New Hope Liuhe, Shandong Minhe, Shandong Chunxue, and Dezhou Braised Chicken.

Looking at Shandong for raising chickens and ducks, Linyi ranks first in terms of slaughter volume of broilers and ducks in the province. And Yinan County in Linyi is truly the "No.1 County in Meat Duck Breeding in China", with one out of every five meat ducks in the country coming from Yinan County in Linyi. In recent years, a group of emerging companies around the chicken and duck industry are emerging, and in pet food, chicken and duck meat are commonly used meat raw materials.

A pet food IPO is coming. In November last year, the China Securities Regulatory Commission disclosed that Shuaike Pets had conducted an initial public offering of stocks and had been listed for guidance and filing. Founded in 2012, Shuaike Pet grew up in Linyi, Shandong and is a pet food manufacturer. It is reported that in the 618 best-selling list of cat food and dog food released by Tmall and JD this year, NetEase Yan Xuan and Lan Shi in the top 5 are both produced by Shandong Shuaike.

In May last year, Shuaike Pet completed a pre IPO round of financing of 500 million yuan, led by Bailian Zhigao Capital and Boyu Capital, and co invested by Sunshine Ronghui, Mango Fund, CNOOC Capital, and Linyi City Fund, creating the largest financing in the domestic pet industry at that time.