Core Insights - The company Tianhao Biotechnology has developed a new processing technology for chili peppers, enabling the production of high-purity chili oil resin and natural capsaicin crystals, meeting the demands of high-end markets [1][2] - The company aims to achieve an annual revenue of 250 million yuan once all production lines are operational, leveraging a high solvent recovery rate of 97% to reduce production costs by 50% compared to competitors [2] - The local chili industry, supported by decades of cultivation history and government initiatives, is transitioning from raw planting to high-value product processing, contributing significantly to the county's economic development [3] Company Overview - Tianhao Biotechnology has established standardized production facilities capable of processing 5,000 tons of dried chili peppers annually, with a daily output of 800 kg of natural capsaicin or 10 tons of chili oil resin [1] - The company’s products are characterized by high purity (over 98%), low impurities, strong stability, and compliance with high-quality standards for natural food additives [1][2] Industry Context - The local area, known as the "Hometown of Chili Peppers" in China, has a long history of chili cultivation, with 200,000 acres dedicated to growing spicy peppers and the largest chili wholesale market in northern Henan [2][3] - The government has implemented a "special class + mechanism" service model to support the transformation of the agricultural industry towards deep processing and high-tech projects, addressing challenges in financing, labor, technology, and marketing [3]