Summary of Conference Call Company and Industry - The conference call involved **Pedi**, a company in the **pet food industry** known for its growth potential and product offerings. Key Points and Arguments 1. **Financial Performance**: Pedi's recent financial data was discussed, indicating a strong performance in the pet food sector, particularly in overseas markets and ODM (Original Design Manufacturer) business despite concerns over U.S. tariffs [1][2]. 2. **Export Business Growth**: The company anticipates a **10% growth** in its export business, supported by operational efficiencies and new customer acquisitions, particularly in Southeast Asia and New Zealand [3][8]. 3. **New Zealand Operations**: The New Zealand facility is expected to contribute approximately **200 million** in revenue next year, with a **30% increase** in production capacity anticipated [3][4]. 4. **Brand Development**: The company has focused on enhancing its brand portfolio, particularly through online marketing strategies, resulting in a **70% increase** in sales during the Double Eleven shopping festival [5][10]. 5. **Product Line Expansion**: Pedi plans to introduce new products, including a new line of staple foods under the brand **Smart Balance**, expected to launch in the second half of next year [6][7]. 6. **Cost Management**: The company maintains a stable sales expense ratio of around **30%** of revenue, with expectations of increased spending as new product lines are launched [7][8]. 7. **Profitability Outlook**: The company estimates that achieving a revenue level of **600-700 million** will allow it to reach breakeven, with current gross margins around **40%** for direct sales [11][12]. 8. **Market Positioning**: Pedi aims to position its products in the mid to high-end market segments, with a focus on quality and brand differentiation [16][17]. 9. **Future Projections**: The company expects continued growth in its domestic and international markets, with a focus on expanding its staple food offerings and enhancing brand recognition [18][19]. Other Important Content - **Customer Acquisition**: New customer acquisitions in Europe and Canada are contributing to growth, with the domestic factory capable of handling increased orders from markets outside the U.S. [2][3]. - **Sales Strategy**: The company is concentrating on a few high-potential products rather than expanding its SKU count, aiming for a more focused approach to product development [20][21]. - **Investment in New Products**: The company is investing in new product lines, with a focus on ensuring successful market entry and consumer acceptance [22][23]. - **Shareholder Returns**: The company has completed a share buyback program and is considering future dividends, indicating a commitment to returning value to shareholders [23][24]. This summary encapsulates the key insights from the conference call, highlighting Pedi's strategic direction, financial performance, and market positioning within the pet food industry.

证券代码：300673 证券简称：佩蒂股份 公告编号：2024-106 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 关于佩蒂转债 2024 年付息的公告 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。 特别提示： 1. 佩蒂转债将于付息日支付第三年利息，每10张佩蒂转债（面值1,000.00元）的 利息为10.00元（含税）； 2. 付息债权登记日：2024年12月20日（星期五）。截至债权登记日下午深圳证 券交易所收市后，在中国证券登记结算有限责任公司深圳分公司（以下或简称中国结 算深圳分公司）登记在册的"佩蒂转债"持有人享有本次派发的利息，在2024年12 月20日前（含当日）申请转换成本公司股票的"佩蒂转债"，公司不再向其持有人支 付本计息年度及以后计息年度的利息； 3. 付息日：2024年12月23日（星期一），因2024年12月21-22日为非交易日， 顺延至2024年12月23日，顺延期间不另付息； 4. 除息日：2024年12月23日（星期一），因2024年12月21-22日为非交易日， 顺延至2024年12月23日， ...

国投证券股份有限公司 关于佩蒂动物营养科技股份有限公司 持续督导期 2024 年度培训情况报告 深圳证券交易所： 国投证券股份有限公司（以下简称"国投证券"、"保荐机构"）作为佩蒂动 物营养科技股份有限公司（以下简称"佩蒂股份"、"公司"）2021 年向不特定对 象发行可转换公司债券的保荐机构，根据《深圳证券交易所上市公司自律监管指 引第 13 号——保荐业务》、《深圳证券交易所创业板股票上市规则》和《深圳证 券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》等法规和 规则的相关规定，结合佩蒂股份的实际情况，认真履行保荐机构应尽的职责，对 佩蒂股份控股股东和实际控制人、董事、监事、高级管理人员及部分中层以上管 理人员等相关人员进行了持续督导培训。 2024 年 12 月 10 日，国投证券按照《深圳证券交易所上市公司自律监管指 引第 13 号——保荐业务》的要求完成了对佩蒂股份控股股东和实际控制人、董 事、监事、高级管理人员及部分中层以上管理人员等相关人员的持续督导培训工 作，特向贵所报送培训工作报告。 一、本次培训的基本情况 （一）培训时间：2024 年 12 月 10 日； （二）培训对应 ...

Investment Rating - The report gives a "Buy" rating for the company, Petty Co., Ltd. (佩蒂股份) [1][5] Core Views - Petty Co., Ltd. is a leader in the chewing gum sector, diversifying its product range since 2018 and expanding both domestically and internationally. The company has shifted from an OEM model to developing its own brands, achieving significant growth in the domestic market [2][4] - The company is currently in a capacity-driven phase with strong downstream demand, as evidenced by high capacity utilization rates and ongoing production expansion [3][5] - Future growth is expected to come from domestic self-owned brands, with the company leveraging e-commerce channels to enhance brand recognition and market share [4][5] Summary by Sections 1. Industry Overview - The pet economy is experiencing robust growth, with the market expected to reach 8,114 billion yuan by 2025. The pet food market alone is projected to grow from 2,793 billion yuan in 2023 to 3,040 billion yuan in 2024, reflecting a CAGR of 6.64% from 2019 to 2023 [104][109] 2. Petty Co., Ltd. - Petty Co., Ltd. started with chewing gum products and has expanded into various categories, including pet nutrition and wet food. The company has maintained double-digit growth from 2015 to 2020, with a compound annual growth rate (CAGR) of 15.1% from 2014 to 2023 [2][147] - The company has established a strong presence in both domestic and international markets, with significant production facilities in Vietnam, Cambodia, and New Zealand [3][146] 3. Business Analysis - The company has successfully transitioned from an OEM model to developing its own brands, such as "Jueyan" and "Haoshijia," which have gained traction in the domestic market. The brand "Jueyan" achieved a remarkable 67% growth during the "618" shopping festival [4][5] - Petty Co., Ltd. has a diversified product portfolio, with a focus on high-quality pet food and snacks, which are increasingly favored by consumers [4][5] 4. Financial Analysis - The report forecasts significant revenue growth for the company, projecting revenues of 1.992 billion yuan in 2024, 2.429 billion yuan in 2025, and 2.876 billion yuan in 2026, with corresponding net profits of 183.91 million yuan, 233.61 million yuan, and 293.56 million yuan respectively [1][5] - The company's earnings per share (EPS) is expected to rise from 0.74 yuan in 2024 to 1.18 yuan in 2026, indicating a strong recovery and growth trajectory [1][5]

证券代码：300673 证券简称：佩蒂股份 公告编号：2024-105 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 关于回购公司股份的进展公告（截至 2024 年 11 月末） 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、回购方案概述 2024年2月5日，佩蒂动物营养科技股份有限公司（以下简称公司）召开第四届董 事会第二次会议，审议通过了《关于以集中竞价交易方式回购公司股份方案的议案》， 公司拟使用自有资金5,000.00万元（含）—10,000.00万元（含）人民币以集中竞价方 式回购公司部分股份，回购价格不超过20元/股。回购的股份拟用于公司发行的可转换 公司债券的转股。本次回购股份事项的实施期限为自董事会审议通过回购方案之日起 不超过12个月。 本次回购股份方案的具体内容见公司分别于2024年2月6日、2024年2月7日在巨 潮资讯网（http://www.cninfo.com.cn/）披露的《关于以集中竞价方式回购公司股份方 案的公告》《回购股份报告书》及其他相关公告。 根据《深圳证券交易所上市公司自律监管指引第9号 ...

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 2024 年第三次临时股东大会之 法律意见书 二〇二四年十二月 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 2024 年第三次临时股东大会之 法律意见书 编号：01G20240020-4 致：佩蒂动物营养科技股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受佩蒂动物营养科技股份 有限公司（以下简称"公司"）委托，就公司召开2024年第三次临时股东大会 （以下简称"本次股东大会"）的有关事宜，根据《中华人民共和国公司法》 （以下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券 法》"）、《上市公司股东大会规则》（以下简称"《股东大会规则》"）、《上市公司 治理准则》（以下简称"《治理准则》"）和深圳证券交易所发布的《深圳证券交 易所上市公司股东大会网络投票实施细则》（以下简称"《网络投票实施细 则》"）等法律、行政法规、规范性文件及现行有效的《佩蒂动物营养科技 ...

证券代码：300673 证券简称：佩蒂股份 公告编号：2024-104 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 2024 年第三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 （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）2024 年第三次临时股东大会。 （二） 会议召开和投票时间： 1、 现场会议时间：2024年12月2日（星期一）下午15:00。 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 2024年12月2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2024年12月2日上午9:15至下午15:00。 （三） 现场会议召开地点：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：董事长陈振标先生。 （七） 本次股东大会的召集、召开及审议符合《公司 ...

Summary of Conference Call Company and Industry - The conference call pertains to the pet food industry, specifically focusing on a company involved in the production of pet snacks and food products, including meat snacks and dog chews. Key Points and Arguments 1. **Revenue Performance**: The company's revenue from pet snacks, particularly meat snacks and dog chews, reached approximately 1.1 billion RMB in the first three quarters, maintaining a level comparable to the same period in 2022, aligning with initial forecasts for the year [1][2][3]. 2. **Overseas Market Confidence**: The company expresses strong confidence in the overseas market, particularly in the U.S., where demand remains stable. The favorable economic policies under the Trump administration, such as low interest rates and tax cuts, are seen as supportive of consumer spending [1][2]. 3. **Production Capacity and Efficiency**: The production capacity utilization rate is nearing 90%, contributing to improved gross margins. The introduction of new clients from Europe and Canada has also positively impacted product offerings and margins [3][4]. 4. **International Brand Strategy**: The company has focused on enhancing its international brand presence, particularly through online channels, achieving over 50% growth in brand recognition and sales [4][5]. 5. **Product Diversification**: The company is expanding its product lines to include cat food and high-quality main meals, with plans for new production lines to support these initiatives [6][7]. 6. **New Zealand Operations**: A new high-quality main meal production line in New Zealand began operations in March, with plans to introduce a brand called Smart Balance to both domestic and international markets [7][8]. 7. **Cost Management**: The company has managed to stabilize costs, with raw material prices remaining steady. Sales expenses are projected to be around 30% of revenue, with a focus on online marketing [9][19]. 8. **Future Growth Projections**: The company anticipates a growth rate of 10% to 20% in overseas markets and aims for a 30% growth in domestic brand revenue over the next few years [20][21]. Other Important but Possibly Overlooked Content 1. **Sales Performance During Promotions**: The company reported strong sales during the Double Eleven shopping festival, with a significant contribution from its flagship brand, achieving over 25 million RMB in sales, marking a 60% increase compared to previous periods [12][13]. 2. **Market Positioning**: The flagship brand is positioned in the mid-to-high-end market segment, with a focus on high-quality ingredients, which has garnered positive consumer feedback [13][14]. 3. **Investment in Advertising**: The company plans to increase its advertising budget significantly, particularly in the second quarter of the upcoming year, to support the launch of new products and enhance brand visibility [20][21]. 4. **Challenges in New Markets**: The company faces uncertainties in the New Zealand market and is working on regulatory approvals for its products in various international markets [8][10][16]. This summary encapsulates the key insights from the conference call, highlighting the company's performance, strategic initiatives, and future outlook within the pet food industry.

| 证券代码：300673 | 证券简称：佩蒂股份 | 公告编号：2024-103 | | --- | --- | --- | | 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 关于召开 2024 年第三次临时股东大会的提示性公告 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。 2024年11月15日，佩蒂动物营养科技股份有限公司（以下简称公司）第四届董事 会第十次会议审议通过了《关于提请召开2024年第三次临时股东大会的议案》，根据 《公司法》《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司自律 监管指引第2号——创业板上市公司规范运作》《公司章程》和《股东大会议事规则》 等相关规定，公司定于2024年12月2日（星期一）召开佩蒂动物营养科技股份有限公 司 2024 年 第三次 临时股东大会 。 2024 年 11 月 16 日 ， 公 司 在 巨 潮 资 讯 网 （http://www.cninfo.com.cn/）发布了召开本次股东大会的通知。 为进一步保护投资者的合法权益，方便股东依法行使权利，现将本次 ...

| 6.对外担保审议程序是否合规且履行了相应的信息披露义务 | √ | | --- | --- | | 7.被担保方是否不存在财务状况恶化、到期不清偿被担保债 | √ | | 务等情形 | | | 8.被担保债务到期后如继续提供担保，是否重新履行了相应 | √ | | 的审批程序和披露义务 | | | （五）募集资金使用 | | | 现场检查手段：（一）查阅公司募集资金管理制度；（二）查阅募集资金三方监管协 | | | 议，核查募集资金专户银行对账单；（三）与公司相关人员进行访谈，了解募集资金 | | | 投资项目的建设进度等 | | | 1.是否在募集资金到位后一个月内签订三方监管协议 | √ | | 2.募集资金三方监管协议是否有效执行 | √ | | 3.募集资金是否不存在第三方占用或违规进行委托理财等情 | √ | | 形 | | | 4.是否不存在未履行审议程序擅自变更募集资金用途、暂时 | √ | | 补充流动资金、置换预先投入、改变实施地点等情形 | | | 5.使用闲置募集资金暂时补充流动资金、将募集资金投向变 | | | 更为永久性补充流动资金或者使用超募资金补充流动资金或 | √ | | ...