Panda Dairy Corporation engages in the research, development, production, and sale of concentrated dairy products in China. It operates through Concentrated Dairy Products, Coconut Products, and Dairy Trading segments. The company offers sweetened and unsweetened condensed milk; evaporated milk and condensed milk sauces; cream, concentrated milk, and base milk; thick, fresh, and freshly squeezed coconut milk, and other coconut products; mozzarella cheese, flavored cheese slices, cream cheese, and cheese sauces; grain-based milk; mango pomelo sago; whipping cream; non-hydrogenated base, butter base, and light milk; cheese snacks, lollipops, popcorn, and biscuits; and sauces and milk tea catering ingredients. It also engages in supply chain management, food business, investment, and Internet sales activities; provision of technical services; and trading in dairy products. The company's products are used in catering, baking, beverage, and dessert applications. It sells its products under the Panda, Kebao, Coconut, Zhichun Times, Red Panda Companion, and Nothing Cheese brands. The company was founded in 1956 and is headquartered in Wenzhou, China.