源飞宠物（001222）发布异动公告，公司近期经营情况正常，不存在内外部经营环境发生重大变化的情 形；公司、控股股东及实际控制人不存在关于公司应披露而未披露的重大事项或处于筹划阶段的重大事 项。 ...

5月20日，宠物经济板块迎来进一步走强。源飞宠物、天元宠物（20CM）双双2连板，依依股份涨停，路斯股份、创源股份、瑞普生物、佩蒂股份等集体大 涨。 一、行情 二、事件：行业持续升温+产业规模冲刺万亿 1）2025年第五届上海它博会TOPS于5月8-11日在上海世博展览馆举办。数据显示，本次它博会参展人数、成交金额均突破历史。 宠物板块上市公司陆续发出24年报及25年一季报，整体业绩实现了超预期增长，宠物经济仍在高速发展。中美关税战影响较为有限，且长期来看利好高端国 产品牌发展。在行业扩容与国产替代双轮驱动下，国内具备研发及生产能力的大型优质宠食企业市占率有望持续提升。（方正证券） *免责声明：文章内容仅供参考，不构成投资建议 *风险提示：股市有风险，入市需谨慎 2）2025年第27届上海亚洲宠物展览会将于8月20-24日在上海新国际博览中心隆重举行。 3）艾媒咨询《2024-2025年中国宠物行业运行状况及消费市场监测报告》中预测，今年国内宠物产业规模将达到8114亿元，两年后这一数字有望突破1万亿 元。 三、机构解读 目前线上平台纷纷加码宠物板块，淘天宠物超5亿高投入，包含商家激励、新品&内容&品牌激励以 ...

智通财经5月20日电，大消费股再度走强，美容护理、宠物经济、三胎等多股方向表现活跃，拉芳家 化、贝因美、友阿股份、丽人丽妆、浪莎股份涨停，源飞宠物、依依股份、华业香料、一鸣食品、上海 家化等多股跌超5%。消息面上，国家统计局昨日发布数据显示，4月份社会消费品零售总额37174亿 元，同比增长5.1%。 大消费股再度走强 拉芳家化等多股涨停 ...

大消费概念持续活跃 丽人丽妆3连板 智通财经5月19日电，午后大消费概念持续活跃，医美、宠物经济方向领涨，丽人丽妆走出3连板，拉芳 家化、源飞宠物涨停，天元宠物、锦波生物、百龙创园、路斯股份股价创出历史新高。消息面上，据粤 开证券统计，国内消费医疗对应万亿级市场规模。医美领域市场规模预计2025年达到3529亿元。 ...

暗盘资金一眼洞悉庄家意图>> 宠物经济方向午后走强，源飞宠物（001222）涨停，百合股份（603102）、巴比食品（605338）此前涨 停，天元宠物（301335）、豪悦护理（605009）、一致魔芋等跟涨。 ...

光大证券股份有限公司 关于温州源飞宠物玩具制品股份有限公司 2024年度保荐工作报告 | 保荐人名称：光大证券股份有限公司 | 被保荐公司简称：源飞宠物 | | --- | --- | | 保荐代表人姓名：吕雪岩 | 联系电话：021-52523268 | | 保荐代表人姓名：马璨 | 联系电话：021-52523268 | 一、保荐工作概述 | 事项 | 存在的问 | 采取的措 | | --- | --- | --- | | | 题 | 施 | | 6.关联交易 | 无 | 无 | | 7.对外担保 | 无 | 无 | | 8.购买、出售资产 | 无 | 无 | | 9.其他业务类别重要事项（包括对外投资、风险投资、委托理财、财务资 助、套期保值等） | 无 | 无 | | 10.发行人或者其聘请的中介机构配合保荐工作的情况 | 无 | 无 | | 其他（包括经营环境、业务发展、财务状况、管理状况、核心技术等方面 | 无 | 无 | | 的重大变化情况） | | | 三、公司及股东承诺事项履行情况 | 项目 | 工作内容 | | --- | --- | | 1.公司信息披露审阅情况 | | | （1）是否及 ...

首次公开发行股票并上市持续督导保荐总结报告书 光大证券股份有限公司 关于温州源飞宠物玩具制品股份有限公司 光大证券股份有限公司（以下简称"光大证券"或"保荐机构"）作为温州源 飞宠物玩具制品股份有限公司（以下简称"源飞宠物"、"发行人"或"公司"）首 次公开发行股票并上市的保荐机构，对源飞宠物进行持续督导，持续督导期为 2022 年 8 月 18 日至 2024 年 12 月 31 日。 截至 2024 年 12 月 31 日，公司首次公开发行股票募集资金尚未使用完毕。 现根据《证券发行上市保荐业务管理办法》《深圳证券交易所股票上市规则》 《深圳证券交易所上市公司自律监管指引第 1 号—主板上市公司规范运作》和 《上市公司监管指引第 2 号—上市公司募集资金管理和使用的监管要求》等有 关规定，出具本持续督导保荐总结报告书，并就公司剩余募集资金的管理及使 用情况继续履行持续督导的责任。 一、保荐机构及保荐代表人承诺 1、保荐总结报告书和证明文件及其相关资料的内容不存在虚假记载、误导 性陈述或重大遗漏，保荐机构及保荐代表人对其真实性、准确性、完整性承担 法律责任。 2、保荐机构及保荐代表人自愿接受中国证券监督管理 ...

光大证券股份有限公司 关于温州源飞宠物玩具制品股份有限公司 2024年持续督导工作现场检查报告 | 保荐机构名称：光大证券股份有限公司 被保荐公司简称：源飞宠物 | | | | | --- | --- | --- | --- | | 保荐代表人姓名：马璨 联系电话：021-52523268 | | | | | 保荐代表人姓名：吕雪岩 联系电话：021-52523268 | | | | | 现场检查人员姓名：马璨、吕雪岩、方键 | | | | | 现场检查对应期间：2024 年度 | | | | | 现场检查时间：2025 年 5 7 2025 5 月 9 日 | 月 | 日至 | 年 | | 一、现场检查事项 现场检查意见 | | | | | 不 适 （一）公司治理 是 否 | | | | | 用 | | | | | 现场检查手段：查阅公司章程和公司治理制度；查阅公司历次董事会、监事会、 | | | | | 股东大会会议材料；与公司部分董事、高级管理人及实际控制人进行访谈。 | | | | | 1.公司章程和公司治理制度是否完备、合规  | | | | | 2.公司章程和股东会、董事会规则是否得到有效执行 ...

Group 1: Financial Performance - In 2024, the company's revenue reached 1.31 billion CNY, a year-on-year increase of 32.16%, while net profit attributable to shareholders was 164 million CNY, up 30.24% [2] - The overseas revenue amounted to 1.124 billion CNY, reflecting a 27.15% increase compared to the previous year [2] - Domestic revenue for 2024 was 186 million CNY, showing a significant growth of 73.38% [3] Group 2: Growth Drivers - The global pet industry is experiencing stable growth, benefiting from the company's OEM/ODM model and strong partnerships with international retailers like Petco and Walmart [2] - The company has enhanced its overseas production capabilities, with facilities in Cambodia and Bangladesh, improving resilience against disruptions [3] - Continuous product innovation and expansion of product categories, including pet leashes, snacks, and toys, have contributed to steady growth [3] Group 3: Market Trends and Future Outlook - The pet food segment generated 607 million CNY in revenue for 2024, growing at approximately 28.17%, accounting for 46.31% of total revenue [5] - The Chinese pet market is projected to reach 300.2 billion CNY in 2024, with a growth rate of 7.5% compared to 2023 [8] - By 2027, the urban pet market is expected to expand to 404.2 billion CNY, with dog and cat markets reaching 189.1 billion CNY and 215.1 billion CNY, respectively [8] Group 4: Challenges and Strategic Adjustments - The company's cost of goods sold increased by 50% in Q1 2025, outpacing revenue growth of 36%, primarily due to expanded domestic operations [3] - The net profit for Q1 2025 was 25.37 million CNY, a decrease of 30.57% year-on-year, attributed to increased sales expenses from domestic market expansion [8] - The company is closely monitoring international trade policies and adjusting its strategies accordingly, while also focusing on promoting its own brands domestically [6]

Industry Overview - The pet smart products industry refers to automated devices with computing capabilities that interact with smart terminals, including smart feeding devices, smart living devices, and smart entertainment devices [2][3] - The market for pet smart products in China has shown significant growth, with the market size increasing from 2.9 billion yuan in 2018 to 5.3 billion yuan in 2024, and is expected to reach approximately 6.5 billion yuan by 2026 [1][11][15] Market Environment - The number of urban pet dogs and cats in China has risen from 91.49 million in 2018 to 124.11 million in 2024, with a year-on-year growth of 2.1% [5] - The pet economy in urban areas is projected to grow to 331.1 billion yuan by 2025, indicating substantial growth potential for the pet smart products industry [7] - The demographic of pet owners is becoming younger, with 41.2% of pet owners being born in the 1990s and 25.6% in the 2000s, reflecting a shift towards a younger consumer base [9] Market Trends - The acceptance of pet smart products is highest among urban pet owners, particularly for smart drinking fountains, cameras, and feeding devices, with preferences varying by age group [13] - Sales of pet smart products have surged, with significant year-on-year growth during promotional periods, indicating a trend towards digital and smart upgrades in the pet products industry [15] Competitive Landscape - The pet smart products market in China is rapidly evolving, with numerous participants including traditional pet brands and tech giants like Xiaomi and Midea entering the market [17] - Companies like Tianyuan Pet and Yuanfei Pet are notable players, with Tianyuan Pet reporting a revenue of 2.764 billion yuan in 2024, a year-on-year increase of 35.69% [19] Future Trends - The industry is expected to see accelerated evolution towards smart and multifunctional products, integrating AI and IoT technologies for personalized pet care [21] - Emotional and anthropomorphic designs are becoming mainstream, with products that enhance interaction and cater to pet owners' emotional needs [22] - The market is shifting from single hardware sales to comprehensive solutions, with companies developing ecosystems that integrate various pet care products and services [24]