11月14日，佩蒂股份盘中下跌2.01%，截至13:06，报17.59元/股，成交5328.45万元，换手率1.85%，总 市值43.77亿元。 资金流向方面，主力资金净流入258.14万元，特大单买入105.59万元，占比1.98%，卖出101.56万元，占 比1.91%；大单买入1128.48万元，占比21.18%，卖出874.37万元，占比16.41%。 佩蒂股份今年以来股价涨1.16%，近5个交易日涨7.45%，近20日跌5.84%，近60日涨11.33%。 资料显示，佩蒂动物营养科技股份有限公司位于浙江省温州市平阳县水头镇工业园区宠乐路2号，成立 日期2002年10月21日，上市日期2017年7月11日，公司主营业务涉及宠物食品的研发、生产和销售。主 营业务收入构成为：宠物食品98.05%，其他1.95%。 佩蒂股份所属申万行业为：农林牧渔-饲料-宠物食品。所属概念板块包括：宠物经济、小红书概念、小 盘、出海概念等。 截至10月10日，佩蒂股份股东户数1.78万，较上期减少0.88%；人均流通股9119股，较上期增加0.88%。 2025年1月-9月，佩蒂股份实现营业收入10.89亿元，同比减少17 ...

Core Insights - The pet consumption sector is experiencing rapid growth, with projected sales of 9.4 billion yuan during the 2025 Double Eleven shopping festival, representing a 59% increase from 2024 [1][2] - Tmall dominates the pet sales market, accounting for 64% of sales, with a significant increase in daily sales during the event compared to September [3] - Domestic brands are rising in prominence, with top brands performing well on major platforms like Tmall and JD [4] - There is a clear trend towards premium and specialized pet products, reflecting a shift in consumer behavior towards viewing pets as family members [5] Industry Growth - The pet consumption market is projected to grow significantly, with Tmall's pet sales showing a consistent double-digit growth over four years, surpassing 50 billion yuan in annual transaction volume [3] - JD Supermarket reported a 25% year-on-year increase in new users during the Double Eleven period [2] - The overall pet consumption on platforms like Douyin is also increasing, with notable growth in pet apparel and grooming products [2] Brand Performance - The top five brands on Tmall and Douyin during Double Eleven are all domestic brands, indicating a strong local market presence [4] - Notable brands such as Guobao Pet and its products, including Maifudi, are among the top performers in the pet food category [4] Consumer Trends - The Engel coefficient for pet spending on Tmall has decreased by 2.93% over three years, indicating a diversification in pet-related expenditures [5] - There is a growing demand for high-end pet food products, with an increasing share of premium offerings in the market [5] - The market is seeing a shift towards more refined and emotional consumption patterns, as pets are increasingly viewed as integral family members [5] Investment Opportunities - The pet industry in China is expected to continue its rapid growth, with domestic brands enhancing their market competitiveness through innovation [6] - Recommended investment targets include Zhongchong Co., Ltd. (002891.SZ), Guobao Pet (301498.SZ), and Petty Co., Ltd. (300673.SZ) [6]

Investment Rating - The report suggests a positive outlook for the pet industry, highlighting the rapid growth of domestic brands and recommending attention to specific companies such as Yantai China Pet Foods, Gambol Pet Group, and Petpal Pet Nutrition Technology [8][9]. Core Insights - The pet consumption sector is experiencing significant growth, with sales reaching RMB 9.4 billion during Double 11 in 2025, marking a 59% increase from 2024 [4][5]. - Tmall dominates the pet sales market with a 64% share, while JD.com and TikTok account for 21% and 14% respectively [5][6]. - Domestic brands are rising in prominence, with all top five brands on Tmall and TikTok being local, including Gambol Pet Group's Myfoodie and Frigate [6][7]. - There is a clear trend towards refined pet consumption, with pets increasingly viewed as family members, leading to higher quality and frequency of purchases [7][8]. Summary by Sections Sales Performance - The pet sector on comprehensive e-commerce platforms achieved RMB 9.4 billion in sales during Double 11 2025, a 59% increase from the previous year [4]. - JD.com saw a 25% increase in new users during the event, while pet apparel GMV grew by 42% and grooming services by 32.93% on smzdm.com [4][5]. Market Share - Tmall accounted for 64% of pet sales, with daily sales during the first phase of Double 11 reaching 280% of September's daily sales [5]. - The annual transaction scale on Tmall surpassed RMB 50 billion, with over 100 million users [5]. Brand Performance - The top five brands on Tmall and TikTok during Double 11 were all domestic, with Gambol Pet Group's Myfoodie and Frigate making the list [6]. - On JD.com, Royal Canin and Myfoodie ranked first and second in dog/cat dry food sales [6]. Consumption Trends - The Engel coefficient for pet spending on Tmall decreased by 2.93% over three years, indicating a richer pet consumption landscape [7]. - High-end pet foods have seen an increase in market share for three consecutive years, reflecting a trend towards premium products [7].

Group 1 - The company Petty Co., Ltd. (300673) announced the resignation of two supervisory board members, Deng Zhaochun and Lin De, who will no longer serve as shareholder representatives on the supervisory board [1] - The resignations were approved by the company's shareholders meeting, indicating a formal process in governance changes [1] - Both resigning members will continue to hold other positions within the company, suggesting continuity in their involvement despite the change in supervisory roles [1]

| 证券代码：300673 | 证券简称：佩蒂股份 | 公告编号：2025-055 | | --- | --- | --- | | 债券代码：123133 | 债券简称：佩蒂转债 | | 邓昭纯先生和林德先生在担任监事期间，勤勉尽责，为促进公司规范运作和持续 发展发挥了积极作用，公司对其在任期间为公司发展所做的贡献表示衷心感谢。 二、备查文件： 佩蒂动物营养科技股份有限公司 关于监事离任的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导 性陈述或者重大遗漏。 一、监事离任情况 2025 年 11 月 12 日，佩蒂动物营养科技股份有限公司（以下简称公司）召开 2025 年第一次临时股东大会，批准了公司关于治理结构调整并同步修订《公司章程》的相 关议案。具体内容见公司于 2025 年 10 月 28 日在巨潮资讯网披露的《关于调整治理 架构和修订<公司章程>及其附件的公告》等相关公告。 根据修订后的《公司章程》，公司不再设置监事会，由董事会审计委员会行使《公 司法》规定的监事会的职权。公司第四届监事会原定于 2027 年 1 月 19 日届满。 经公司股东会批准后，监事会非职工代表 ...

上海市锦天城律师事务所 关于佩蒂动物营养科技股份有限公司 2025 年第一次临时股东大会之 法律意见书 二〇二五年十一月 地址：上海市浦东新区银城中路 501 号上海中心大厦 9/11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 关于佩蒂动物营养科技股份有限公司 2025 年第一次临时股东大会之 法律意见书 编号：01G20240020-6 为出具本法律意见书，本所律师审查了公司提供的本次股东大会的有关文件 的原件及复印件，包括但不限于公司召开本次股东大会的各项议程及相关决议等 文件，同时听取了公司就有关事实的陈述和说明。 公司已向本所承诺，公司所提供的文件和所作陈述及说明是完整、真实和有 效的，有关原件及其上面的签字和印章是真实的，且一切足以影响本法律意见书 的事实和文件均已向本所披露，无任何隐瞒、疏漏之处。 本所律师仅根据本法律意见书出具日之前存在的事实及有关法律、行政法规、 上海市锦天城律师事务所 法律意见书 规范性文件及《公司章程》的规定发表法律意见。在本法律意见书中，本所律师 仅对本次股东大会的召集、召开程序、出席会议人员资格 ...

（一） 会议届次：本次会议为佩蒂动物营养科技股份有限公司（以下简称公司）2025 年第一次临时股东大会。 | 证券代码：300673 | 证券简称：佩蒂股份 | 公告编号：2025-054 | | --- | --- | --- | | 债券代码：123133 | 债券简称：佩蒂转债 | | 佩蒂动物营养科技股份有限公司 2025 年第一次临时股东大会决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 一、 会议召开情况 （二） 会议召开和投票时间 1、 现场会议时间：2025年11月12日（星期三）下午14:30。 2、 网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时间为 2025年11月12日9:15—9:25、9:30—11:30和13:00—15:00；通过深圳证券交易所 互联网投票系统投票的具体时间为2025年11月12日上午9:15至下午15:00。 （三） 现场会议地点：浙江省平阳县水头镇工业园区宠乐路2号本公司四楼会议室。 （四） 召开方式：现场投票和网络投票相结合的方式。 （五） 会议召集人：公司董事会。 （六） 会议主持人 ...

Market Overview - The feed sector experienced a decline of 0.91% on November 12, with Bangji Technology leading the drop [1] - The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1] Individual Stock Performance - Jin Xin Nong (002548) saw a closing price of 5.69, with an increase of 3.27% and a trading volume of 486,900 shares, totaling a transaction value of 273 million yuan [1] - Bangji Technology (603151) closed at 19.91, down 7.18%, with a trading volume of 99,600 shares and a transaction value of 200 million yuan [2] - Aonong Biological (603363) closed at 5.44, down 6.21%, with a trading volume of 1,185,900 shares and a transaction value of 661 million yuan [2] Capital Flow Analysis - The feed sector experienced a net outflow of 204 million yuan from main funds, while retail investors saw a net inflow of 201 million yuan [2] - The main funds showed a negative net flow for several stocks, including Jin Xin Nong with a net outflow of 40.4 million yuan [3] - Retail investors contributed positively to stocks like Petty Co. (300673), which had a net inflow of 24.3 million yuan from retail investors despite a main fund outflow of 8.1 million yuan [3]

Core Viewpoint - Petty Co., Ltd. (SZ 300673) announced an investor meeting scheduled for November 11, 2025, where key executives will address investor inquiries [1] Group 1: Company Overview - Petty Co., Ltd. reported that for the year 2024, its revenue composition is as follows: pet food and other products account for 99.18%, while other businesses contribute 0.82% [1]

Group 1: Business Performance - In the first three quarters of 2025, despite impacts from tariffs, the company's revenue and gross profit margin showed continuous growth, indicating strong resilience in profitability [2] - The company has seen an increase in the number of end customers and clients in Europe, with expectations for additional orders in the coming year following market expansion efforts [2] Group 2: Brand Development - During the "Double Eleven" shopping festival, the company's self-owned brand revenue maintained a high growth rate, with significant contributions from new staple foods and duck meat snacks [2] - The brand "Jueyan" has solidified its leading position in the dog snack category across various platforms, with standout products like air-dried snacks and canned food ranking at the top [2] Group 3: ODM Business Insights - In Q4 2025, the ODM business is expected to show a significant recovery compared to the previous quarter, with a dual trend of month-on-month improvement and year-on-year growth [3] - The company has established core production lines in China, Southeast Asia, and New Zealand, enabling it to meet diverse customer needs through flexible production capabilities [5] Group 4: Future Outlook - The company anticipates steady growth in overseas markets, driven by new customer development and the release of production capacity from its New Zealand and Southeast Asia facilities [6] - The strategy for self-owned brands will focus on quality and nutritional science, aiming to expand international market share while enhancing collaboration with core customers [6]