Panda Dairy Corporation

Panda Dairy Corporation (熊猫乳品集团股份有限公司) was founded in 1996 and has been listed on the Shenzhen Stock Exchange ChiNext board since 2020 under the code 300898. Registered capital is 93 million yuan. Its main site is at 650-668 Jianxing East Road in Lingxi town, Cangnan county, Wenzhou, Zhejiang Province.

The company makes condensed and evaporated milk, cheese, cream and plant protein drinks. Named products include Panda brand sweetened condensed milk and evaporated milk, shredded mozzarella for pizza, whipping cream, and condensed milk sold under the Guoying label. It is the largest condensed milk producer in China by output. The Zhejiang plant runs an automated condensed milk line supplied by GEA of Germany with capacity in the tens of thousands of tonnes a year.

The Panda brand dates from 1956 and originated with COFCO. It is registered as a Chinese well-known trademark, a Zhejiang famous brand and a Zhejiang time-honoured brand. The group is classed as a national high-tech enterprise, and its subsidiaries include Shanghai Kebao Food Technology Co., Ltd., which makes popping boba and other beverage ingredients.