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天元宠物拟收购淘通科技89.7145%股权,深化宠物产业布局
Xin Lang Cai Jing· 2025-09-10 03:05
Group 1 - Tianyuan Pet is acquiring 89.7145% equity in Guangzhou Taotong Technology Co., Ltd., having previously purchased 10% in cash, resulting in a total ownership of 99.7145% post-transaction [1][2] - The domestic pet industry shows significant growth potential, with the urban pet consumption market expected to reach 300.2 billion yuan in 2024, a year-on-year increase of 7.5%, and projected growth rates exceeding 10% from 2025 to 2027 [1][2] - Online sales in the pet market are robust, with total online sales expected to reach 50.231 billion yuan in 2024, reflecting a 10% year-on-year growth [1][2] Group 2 - The acquisition is expected to yield significant synergies, enhancing Tianyuan Pet's online retail capabilities through Taotong Technology's expertise in e-commerce [2] - Tianyuan Pet's pet food business is experiencing rapid growth, with revenues projected at 688 million yuan in 2023 and 1.176 billion yuan in 2024, supported by established global sales channels [2] - Taotong Technology's new agency brands are anticipated to benefit from market growth, with Brand A projected to generate 360.6354 million yuan in revenue, a growth rate of 35.22%, and Brand B expected to generate 196.0327 million yuan [1][2]
天元宠物涨2.04%,成交额4267.69万元,主力资金净流出81.38万元
Xin Lang Cai Jing· 2025-09-09 02:16
Company Overview - Tianyuan Pet Products Co., Ltd. is located in Hangzhou, Zhejiang Province, and was established on June 11, 2003. The company went public on November 18, 2022. Its main business involves the design, development, production, and sales of pet supplies, with an active expansion into pet food sales [1][2]. Financial Performance - For the first half of 2025, Tianyuan Pet achieved a revenue of 1.435 billion yuan, representing a year-on-year growth of 14.59%. The net profit attributable to the parent company was 37.4594 million yuan, reflecting a year-on-year increase of 20.14% [2]. - Since its A-share listing, Tianyuan Pet has distributed a total of 113 million yuan in dividends [3]. Stock Performance - As of September 9, Tianyuan Pet's stock price increased by 2.04%, reaching 36.43 yuan per share, with a total market capitalization of 4.623 billion yuan. The stock has risen by 62.61% year-to-date [1]. - The company has appeared on the trading leaderboard nine times this year, with the most recent appearance on June 5, where it recorded a net buy of -1.9731 million yuan [1]. Shareholder Information - As of June 30, 2025, the number of shareholders for Tianyuan Pet was 17,700, an increase of 28.43% from the previous period. The average number of circulating shares per shareholder was 2,853, a decrease of 20.98% [2]. - Among the top ten circulating shareholders, Hai Fu Tong Growth Value Mixed A (010286) and Hai Fu Tong Selected Mixed (519011) are new entrants, holding 334,400 shares and 327,700 shares, respectively [3]. Business Segmentation - The revenue composition of Tianyuan Pet includes pet food (42.55%), other supplies (17.17%), cat climbing frames (15.19%), pet beds and mats (11.87%), pet toys (11.12%), and other supplementary products (2.09%) [1]. Industry Classification - Tianyuan Pet is classified under the Shenyin Wanguo industry as light industry manufacturing, specifically in the entertainment products sector. It is also associated with concepts such as margin trading, the Belt and Road Initiative, QFII holdings, cross-border e-commerce, and small-cap stocks [2].
天元宠物跌2.00%,成交额1.74亿元,主力资金净流出1165.76万元
Xin Lang Zheng Quan· 2025-09-08 05:35
Company Overview - Tianyuan Pet Products Co., Ltd. is located in Hangzhou, Zhejiang Province, and was established on June 11, 2003. The company went public on November 18, 2022. Its main business involves the design, development, production, and sales of pet products, with a focus on expanding into pet food sales [2]. Business Composition - The revenue composition of Tianyuan Pet includes: pet food (42.55%), other products (17.17%), cat climbing frames (15.19%), pet beds and mats (11.87%), pet toys (11.12%), and others (2.09%) [2]. Financial Performance - For the first half of 2025, Tianyuan Pet achieved a revenue of 1.435 billion yuan, representing a year-on-year growth of 14.59%. The net profit attributable to the parent company was 37.4594 million yuan, with a year-on-year increase of 20.14% [2]. Stock Performance - As of September 8, Tianyuan Pet's stock price was 35.68 yuan per share, with a market capitalization of 4.528 billion yuan. The stock has increased by 59.26% year-to-date, but has seen a decline of 2.65% over the past five trading days [1]. Shareholder Information - As of June 30, 2025, the number of shareholders for Tianyuan Pet was 17,700, an increase of 28.43% from the previous period. The average number of circulating shares per person was 2,853, a decrease of 20.98% [2]. Dividend Distribution - Since its A-share listing, Tianyuan Pet has distributed a total of 113 million yuan in dividends [3]. Institutional Holdings - As of June 30, 2025, among the top ten circulating shareholders, Hai Fu Tong Growth Value Mixed A (010286) was the sixth largest shareholder with 334,400 shares, and Hai Fu Tong Selected Mixed (519011) was the seventh largest with 327,700 shares, both being new shareholders [3].
杭州天元宠物用品拟收购淘通科技,多维度剖析标的资产财务状况与业务模式
Xin Lang Cai Jing· 2025-09-05 13:33
Core Viewpoint - Hangzhou Tianyuan Pet Products Co., Ltd. is undergoing a share issuance to acquire assets and raise supporting funds, which has attracted market attention. Tianjian Accounting Firm conducted a thorough review of the financial matters related to Guangzhou Taotong Technology Co., Ltd. as part of the Shenzhen Stock Exchange's inquiry into this application [1]. Financial Data Changes - Taotong Technology was listed on the New Third Board on May 20, 2016, and terminated its listing on April 19, 2018. The reporting period for this transaction is for the years 2023 and 2024, which does not overlap with the listing period. The main financial data disclosed in the restructuring plan has not undergone significant changes compared to the period of listing guidance [2]. Business Model - Taotong Technology operates as an e-commerce service provider, primarily collaborating with brands in the leisure food and pet food sectors. Its e-commerce sales services include retail, distribution, and service fee models. Pet food revenue is projected to grow from 285 million to 562 million yuan from 2023 to 2024, increasing its share from 17.74% to 27.88%. - Retail model: Revenue is expected to reach 1.085 billion yuan in 2024, a growth of 47.34%, driven by the retail growth of pet food, with new brands contributing significantly. - Distribution model: Revenue is projected at 810 million yuan in 2024, a growth of 7.36%, benefiting from the growth in the leisure snack industry. - Service fee model: Revenue is anticipated to be 114 million yuan in 2024, a growth of 7.93%, with significant contributions from the pet snack sector [3]. Revenue Sustainability - The revenue from retail, distribution, and service fee models shows strong sustainability, with varying client bases. - Retail model: The top five clients account for only 0.11% of revenue in 2024, indicating a dispersed client base. - Distribution model: The top five clients account for 76.37% of revenue in 2024, with significant contributions from e-commerce platforms. - Service fee model: The top five clients account for 78.13% of revenue in 2024, indicating stable and continuous cooperation with key clients [4]. Third-Party Payments and Returns - The proportion of revenue from third-party payments is less than 15%, primarily involving companies like JD.com, indicating a reasonable commercial background. Return amounts account for about 2%, mainly from e-commerce platform distribution and retail businesses, with a well-established return mechanism [5]. Supplier Situation - Taotong Technology's procurement is highly concentrated, with the top five suppliers accounting for 94.20% and 88.18% of procurement amounts. This concentration is due to long-term partnerships with international fast-moving consumer goods groups, which aligns with industry characteristics and does not adversely affect the company's ongoing operations [6]. Cost and Expenses - The structure of costs and expenses is reasonable and aligns with industry characteristics. The cost of goods sold accounts for over 95% of operating costs, which is expected to increase due to business scale growth. The sales expense ratio is lower than industry peers, and management expenses are also low due to improved operational efficiency [7]. Gross Margin - The comprehensive gross margins are 12.85% and 12.88%, which are lower than comparable companies due to differences in product categories and business structures. The retail model has a lower gross margin due to product category differences, while the service fee model has a higher gross margin due to the absence of product procurement costs [9].
天元宠物:9月5日召开董事会会议
Mei Ri Jing Ji Xin Wen· 2025-09-05 12:31
Group 1 - Tianyuan Pet announced the convening of its fourth board meeting on September 5, 2025, to review the proposal regarding the adjustment of the transaction plan, which does not constitute a significant change [1] - For the first half of 2025, Tianyuan Pet's revenue composition was as follows: pet supplies accounted for 50.72%, pet food for 46.55%, other main business for 2.62%, and other business for 0.11% [1] - As of the report date, Tianyuan Pet's market capitalization was 4.6 billion yuan [1]
天元宠物(301335) - 关于发行股份及支付现金购买资产并募集配套资金的审核问询函回复的提示性公告
2025-09-05 12:02
本次交易尚需深圳证券交易所审核通过以及中国证券监督管理委员会同意 注册后方可实施。本次交易能否取得相关部门的审核或注册,以及最终取得审核 或注册的时间均存在不确定性。 公司将继续推进本次交易的相关工作,并严格按照有关法律、法规的要求履 1 杭州天元宠物用品股份有限公司 关于发行股份及支付现金购买资产并募集配套资金的 审核问询函回复的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整,没有虚假记载、 误导性陈述或重大遗漏。 杭州天元宠物用品股份有限公司(以下简称"公司")拟通过发行股份及支 付现金的方式购买广州淘通科技股份有限公司 89.7145%股权并募集配套资金 (以下简称"本次交易")。公司于 2025 年 5 月 28 日召开了第四届董事会第五 次会议,审议通过了本次交易的相关议案,披露了《杭州天元宠物用品股份有限 公司发行股份及支付现金购买资产并募集配套资金暨关联交易报告书(草案)》, 并于 2025 年 9 月 5 日日召开了第四届董事会第七次会议,对本次交易方案进行 调整,披露了《杭州天元宠物用品股份有限公司发行股份及支付现金购买资产并 募集配套资金报告书(草案)(修订稿)》。根 ...
天元宠物(301335) - 杭州天元宠物用品股份有限公司发行股份及支付现金购买资产并募集配套资金报告书(草案)摘要(修订稿)
2025-09-05 12:02
证券代码:301335 证券简称:天元宠物 上市地点:深圳证券交易所 杭州天元宠物用品股份有限公司 发行股份及支付现金购买资产 并募集配套资金报告书(草案)摘要 | 项目 | 交易对方/发行对象 | | --- | --- | | | 复星开心购(海南)科技有限公司、李涛、方超、宁东俊、孙 | | 发行股份及支付现金购买 | 娜、舟山乐淘企业管理咨询合伙企业(有限合伙)、广州悠淘 | | 资产 | 投资合伙企业(有限合伙)、傅国红、姚宇、王迪、于彩艳、 | | | 勾大成、胡庭洲、唐斌、黄震、张弛、高燕 | | 募集配套资金 | 不超过 35 名符合中国证监会规定的特定投资者 | 独立财务顾问 中国(上海)自由贸易试验区商城路 618 号 二〇二五年九月 上市公司声明 本重组报告书摘要的目的仅为向公众提供有关本次重组的简要情况,并不包 括重组报告书全文的各部分内容。重组报告书全文同时刊载于深圳证券交易所网 站。 本公司及全体董事、监事、高级管理人员保证重组报告书及其摘要内容的真 实、准确、完整,对报告书及其摘要的虚假记载、误导性陈述或重大遗漏负相应 的法律责任。 本公司控股股东、实际控制人、董事、监事、高级管 ...
天元宠物(301335) - 北京市万商天勤律师事务所关于杭州天元宠物用品股份有限公司发行股份及支付现金购买资产并募集配套资金之补充法律意见书(二)
2025-09-05 12:02
北京市万商天勤律师事务所 关于 杭州天元宠物用品股份有限公司 发行股份及支付现金购买资产 并募集配套资金 之 补充法律意见书(二) 1 杭州天元宠物用品股份有限公司发行股份及支付现金购买资产并募集配套资金之补充法律意见书(二) 北京市万商天勤律师事务所 关于杭州天元宠物用品股份有限公司 发行股份及支付现金购买资产并募集配套资金之 补充法律意见书(二) (2025)万商天勤法意字第 3442 号 致:杭州天元宠物用品股份有限公司 北京市万商天勤律师事务所(以下简称"本所")是具有中华人民共和国境 内法律执业资格的律师事务所。本所接受杭州天元宠物用品股份有限公司(以下 简称"上市公司")的委托,担任其发行股份及支付现金购买广州淘通科技股份有 限公司 89.7145%股份并募集配套资金(以下简称"本次交易")项目的专项法律 顾问。 根据《公司法》《证券法》《重组办法》《证券发行注册管理办法》《创业 板上市公司持续监管办法(试行)》《深圳证券交易所上市公司重大资产重组审 核规则》《26 号准则》《上市公司监管指引第 9 号——上市公司筹划和实施重 大资产重组的监管要求》《律师事务所从事证券法律业务管理办法》以及《律师 ...
天元宠物(301335) - 坤元评估师关于发行股份购买资产并募集配套资金申请的审核问询函中有关评估事项的说明
2025-09-05 12:02
坤 元 资 产 评 估 有 限 公 司 Canwin Appraisal Co., Ltd. 地址:杭州市钱江路 1366 号 华润大厦 B 座 13 楼 邮编:310020 电话:(0571)81726488 81726388 关于杭州天元宠物用品股份有限公司 发行股份购买资产并募集配套资金申请的 审核问询函中有关评估事项的回复 深圳证券交易所上市审核中心: 由杭州天元宠物用品股份有限公司(以下简称上市公司或天元宠物)转来的《关 于杭州天元宠物用品股份有限公司发行股份购买资产并募集配套资金申请的审核问 询函》(审核函〔2025〕030008 号,以下简称审核问询函)奉悉。我们已对审核问 询函中需要我们说明的评估事项进行了审慎核查,现将审核问询函中与资产评估相 关的问题核查情况汇报如下: 审核问询函问题第 12 题:关于标的资产收益法评估 申请文件显示:(1)本次交易采用收益法评估结果作为定价依据,标的资产 100%股权的评估值为 7.77 亿元,增值率为 32.78%。(2)2025-2029 年,收益法评 估预测标的资产的营业收入从 21.55 亿元增至 24.47 亿元,2030 年进入永续期。(3) ...
天元宠物(301335) - 国泰海通证券股份有限公司关于深圳证券交易所《关于杭州天元宠物用品股份有限公司发行股份购买资产并募集配套资金申请的审核问询函》回复之核查意见
2025-09-05 12:02
国泰海通证券股份有限公司 关于深圳证券交易所 《关于杭州天元宠物用品股份有限公司发行股份购 买资产并募集配套资金申请的审核问询函》回复之核 查意见 独立财务顾问 (中国(上海)自由贸易试验区商城路 618 号) 二〇二五年九月 深圳证券交易所: 根据深圳证券交易所 2025 年 7 月 10 日出具的《关于杭州天元宠物用品股份 有限公司发行股份购买资产并募集配套资金申请的审核问询函》(审核函〔2025〕 030008 号)(以下简称"问询函")的要求,杭州天元宠物用品股份有限公司 (以下简称"天元宠物"、"上市公司"或"公司")已会同国泰海通证券股份 有限公司(以下简称"独立财务顾问"或"国泰海通")、北京市万商天勤律师 事务所(以下简称"万商天勤"或"律师")、天健会计师事务所(特殊普通合 伙)(以下简称"天健"或"会计师")以及坤元资产评估有限公司(以下简称 "坤元评估"或"坤元")等中介机构本着勤勉尽责、诚实守信的原则,对问询 函所提出的问题进行了逐项落实,并按照要求在《杭州天元宠物用品股份有限公 司发行股份及支付现金购买资产并募集配套资金暨关联交易报告书(草案)》(以 下简称"重组报告书")中进行了相 ...