Core Insights - The article highlights the innovative journey of Li Zhimin, who developed a chili pepper stem-removing machine that has captured 95% of the global market share, addressing a significant labor issue in the chili processing industry [1][3]. Group 1: Company Overview - Qingdao Lulu Agricultural Equipment Co., Ltd. was established by Li Zhimin in December 2015, following the successful development of the chili stem-removing machine [3]. - The company has expanded its product reach to 12 countries, including India, Malaysia, Pakistan, and Mexico, leveraging its strategic location in Qingdao and the Belt and Road Initiative [4]. Group 2: Product Development and Innovation - The chili stem-removing machine has undergone continuous upgrades, now in its 18th generation, and can process over 100 varieties of chili peppers, significantly improving efficiency in chili processing [5]. - The company has developed a new product, a chili cap-removing machine, which is expected to launch in 2026, addressing another critical challenge in the chili processing industry [6]. Group 3: Market Impact and Recognition - The machine's introduction in India led to a remarkable market penetration, achieving a 98% market share, and was recognized by the Indian government for its efficiency, receiving a 40% subsidy for farmers [3][4]. - The company has established a strong reputation in the industry, with over 70 patents and contributions to industry standards, enhancing the overall quality and profitability of chili processing [6]. Group 4: Social Responsibility and Environmental Impact - The company emphasizes social responsibility by supporting local education and community welfare, including funding for underprivileged students and care for elderly residents [6][7]. - Lulu Equipment also practices resource recycling by converting chili waste into animal feed, showcasing its commitment to environmental sustainability [7].