Company Overview - Shandong Haos Biological Technology Co., Ltd. was established on December 28, 2015, with a registered capital of 71.2 million yuan [1] - The company is primarily engaged in the research, production, and sales of collagen sausage casings, as well as pet food and health products [2] - The controlling shareholder is Zibo Yilin Financial Consulting Co., Ltd., holding a 33.74% stake [1][4] Financial Performance - In the first half of 2025, the company achieved operating revenue of 201 million yuan, a decline of 1.21% year-on-year [2] - The net profit for the same period was 45.7355 million yuan, down 17.58% compared to the previous year [2] - The gross profit margin decreased to 36.31%, down from 40% in the same period last year [2] Management Team - The actual controllers of the company are Wang Feng, Lü Hongying, and their son-in-law Ma Long, collectively controlling 58.95% of the shares [4] - Ma Long serves as the chairman of the company, while Wang Feng is a board member [5] - Ma Long has held various positions in government and has been with Haos since its inception, while Wang Feng has extensive experience in management roles [6]

Group 1 - The article discusses the classification of animal feed, specifically focusing on the definitions of trace elements, vitamins, and concentrated feed [3] - It clarifies that pet feed is not exempt from value-added tax (VAT) and should be taxed according to applicable rates [3] - The article explains that fish oil, as a byproduct of fish meal production, is categorized as a single bulk feed and is subject to VAT [3] - It states that products like puffed blood meal, puffed meat meal, and hydrolyzed feather meal do not qualify for VAT exemptions and are also subject to taxation [3] Group 2 - The article provides a step-by-step guide for general taxpayers on how to declare VAT through the electronic tax bureau [5] - It outlines the process for small-scale taxpayers to submit their VAT declarations, including selecting the appropriate exemption codes [5][6] - The article emphasizes the importance of accurately reporting exempt sales in the VAT declaration forms [6]

Group 1 - The establishment of Anpet Nutrition Technology (Huaian) Co., Ltd. has been registered with a legal representative named Dai Qingdong and a registered capital of 5 million RMB [1] - The company’s business scope includes the production of pet feed (pet food), food production, food management, health food production, feed production, food sales, beverage production, grain processing food production, and pre-prepared dishes sales [1] - The company is also involved in various general projects such as biological feed research and development, wholesale and retail of pet food and supplies, urban pet services (excluding animal diagnosis), and technical services including consulting and technology transfer [1]

Group 1 - The company plans to continue developing its chicken farming business, which is a core part of its operations, with a projected sale of 1.208 billion meat chickens in 2024, maintaining the highest market share among listed companies [2] - In 2024, revenue from chicken products is expected to account for 34.1% of the company's total revenue, indicating a strong reliance on this segment [2] - The company has no current plans to enter the pet feed market, despite having chicken and pig feed businesses that could potentially align with pet food production [2]

Core Viewpoint - The article discusses the tax policies related to the sale of pet feed and the new tax credit evaluation system implemented by the tax authorities, emphasizing the importance of compliance and the implications for businesses in terms of tax obligations and benefits [4][10]. Tax Policies on Pet Feed - Pet feed products are not exempt from value-added tax (VAT) and are subject to a 9% tax rate [4]. - The article highlights the need for businesses to understand their tax obligations regarding pet feed sales to avoid penalties [4]. Tax Credit Evaluation System - A new tax credit evaluation system will be implemented starting July 1, 2025, which will expand the evaluation scope and integrate payment matters to enhance tax compliance [10]. - The evaluation will apply to various business entities that have completed tax information confirmation and identity reporting [10][12]. - The evaluation will include credit information from internal and external sources, assessing both regular and irregular indicators [13]. Evaluation Methodology - The tax credit evaluation will utilize an annual scoring system, with scores starting from 100 for compliant entities and adjusted based on the completeness of their tax information [13][19]. - New entities or those with serious credit issues will be subject to direct classification rather than scoring [14]. Credit Levels and Management - The credit levels will be categorized into five grades: A, B, M, C, and D, with specific score ranges defining each level [18][19]. - Tax authorities will provide differentiated services and management based on credit levels, including incentives for compliant entities and stricter measures for those with low credit ratings [22][23]. Credit Repair and Re-evaluation - Entities that have lost credit can apply for credit repair if they meet specific conditions, while those disputing their evaluation results can request a re-evaluation [24][25][26]. - The tax authorities will not accept re-evaluation requests after a credit repair application has been submitted for the same evaluation year [27].

Group 1 - The article highlights a significant increase in young participants (aged 20-30) in the Seoul Half Marathon, rising from 59% in 2023 to 71% in 2024, indicating a growing trend of running as a leisure activity among this demographic [1] - The term "heart-price ratio" has emerged in South Korea, reflecting the comparison between psychological satisfaction and actual costs, particularly among younger generations who prioritize cost-effective yet fulfilling activities [1][2] - The pandemic led to a surge in golf participation among young people, but post-pandemic, interest has shifted towards lower-cost activities like running and hiking, as travel options have reopened [1] Group 2 - The concept of "heart-price ratio" is particularly relevant during economic downturns, as younger individuals seek to maximize satisfaction while minimizing expenses, leading to a shift in consumption patterns [2] - Young consumers are willing to spend on experiences that provide psychological comfort, such as dining at upscale restaurants or purchasing premium pet food, despite financial constraints [2] - The evolving consumer behavior is characterized by unpredictability, with a focus on personal preferences rather than traditional consumption patterns based on age or gender, necessitating adaptive strategies from businesses [3]