Core Viewpoint - Golden Prosperity Investment S.A.R.L. plans to transfer 12,001,335 shares of Guibao Pet Food Group Co., Ltd., representing 3.00% of the company's total share capital, due to its own funding needs [3][4]. Group 1: Shareholder Information - The transferring shareholder, Golden Prosperity Investment S.A.R.L., holds more than 5% of the company's shares but is not the controlling shareholder, actual controller, director, or senior management [2][3]. - The shares to be transferred have been released from restrictions and are free from any transfer limitations [2][3]. Group 2: Transfer Details - The transfer will not occur through centralized bidding or block trading, and the shares acquired by the transferee cannot be transferred within six months [4]. - The minimum transfer price will be determined based on the shareholders' funding needs and will not be lower than the price on the date of sending the subscription invitation [4][5]. Group 3: Investor Eligibility - The transferees must be institutional investors with appropriate pricing capabilities and risk tolerance, including securities companies, fund management companies, and other qualified institutional investors [5].

证券代码：301498 证券简称：乖宝宠物 公告编号：2025- 022 乖宝宠物食品集团股份有限公司 股东询价转让计划书 股东Golden Prosperity Investment S.A.R.L.保证向乖宝宠物食品集团股份 有限公司提供的信息内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对 其真实性、准确性和完整性依法承担法律责任。 一、拟参与转让的股东情况 （一）出让方的名称、持股数量、持股比例 出让方委托中信证券股份有限公司（以下简称"中信证券"）、中泰证券股 份有限公司（以下简称"中泰证券"）组织实施乖宝宠物首发前股东询价转让（以 下简称"本次询价转让"）。截至2025年6月5日，出让方所持首发前股份的数量、 占公司总股本比例情况如下： | 1 | Golden Prosperity | 68,318,119 | 17.08% | | --- | --- | --- | --- | | 序号 | 股东名称 Investment S.A.R.L. | 持股数量（股） | 持股占总股本比例 | （二）关于出让方是否为公司控股股东、实际控制人、持股5%以上的股东、 董事、高级管理人员 本次询价转让的 ...

中信证券股份有限公司、中泰证券股份有限公司 关于乖宝宠物食品集团股份有限公司股东 向特定机构投资者询价转让股份 二、关于参与本次询价转让股东相关资格的核查情况 （一）核查过程 相关资格的核查意见 中信证券股份有限公司（以下简称"中信证券"）、中泰证券股份有限公司 （以下简称"中泰证券"）受乖宝宠物食品集团股份有限公司（以下简称"乖宝 宠物"）股东 Golden Prosperity Investment S.A.R.L.（以下简称"出让方"）委托， 组织实施本次乖宝宠物首发前股东向特定机构投资者询价转让（以下简称"本次 询价转让"）。 根据《上市公司股东减持股份管理暂行办法》《深圳证券交易所创业板股票 上市规则（2025 年修订）》《深圳证券交易所上市公司自律监管指引第 18 号— —股东及董事、高级管理人员减持股份（2025 年修订）》《深圳证券交易所上市 公司自律监管指引第 16 号——创业板上市公司股东询价和配售方式转让股份 （2025 年修订）》（以下简称"《询价转让和配售指引》"）等相关规定，中信 证券、中泰证券对参与本次询价转让股东的相关资格进行核查，并出具本核查意 见。 一、本次询价转让的委托 ...

Summary of Conference Call for Guai Bao Pet Industry and Company Overview - The conference call pertains to the pet food industry, specifically focusing on Guai Bao Pet, a company involved in the production and sale of pet food products. Key Points and Arguments 1. **Product Strategy and Sales Performance** - During the 618 shopping festival, Guai Bao Pet focused on upgrading existing product lines such as Fuleijiate 2.0 and Buff 2.0, without launching entirely new products. The sales strategy remains centered on core categories while dynamically adjusting based on industry changes, with an emphasis on full-cycle sales data [2][4][5]. 2. **High-End Product Line Growth** - The high-end product lines, including Buff baked food and Fuleijiate, have shown significant growth. The annual report indicates an increase in gross margin for high-end products and ToC gross margin, supporting the development of new categories [2][6][7]. 3. **Brand Exposure Initiatives** - A pop-up store was established in Shanghai to enhance brand exposure and consumer interaction, targeting a younger demographic. The primary goal is not sales but to elevate brand influence and explore more engagement scenarios with young consumers [2][8]. 4. **Future Growth Drivers** - Over the next 1-3 years, the company plans to develop its brand, enhance product R&D, and improve organizational capabilities. This includes insights from foundational research on dogs and cats to understand consumer changes and develop differentiated products, alongside improvements in supply chain management and production efficiency [2][9]. 5. **Impact of Tariffs on Operations** - The company has shifted most of its overseas manufacturing to Thailand to mitigate the impact of tariffs from the US-China trade war. The operational efficiency and profitability of the Thai factory are comparable to domestic facilities [2][11]. 6. **Baked Food Category Performance** - Baked food is experiencing growth rates significantly higher than other categories, with net and gross margins exceeding those of puffed food, although its market share remains small [2][14][15]. 7. **Sales Expense Management** - The sales expense ratio for domestic brands is currently stable, with expectations to maintain this level in the short term to capture market share. A reduction in sales expenses may occur as the market matures [2][16]. 8. **Brand Strategy and Market Positioning** - The company is focusing on its main brands, Maifudi and Fuleijiate, to cover different consumer segments. Future plans may include launching additional brands based on market changes, but the current focus remains on these two [2][12][13]. 9. **Response to Competitive Landscape** - Guai Bao Pet emphasizes brand building and consumer education as its competitive advantages, aiming to enhance its market position despite competition from emerging brands investing heavily in online advertising [2][19]. 10. **Product Quality and Equipment Impact** - The introduction of advanced equipment has improved the quality of fresh meat used in products, but overall product quality is a result of multiple factors, including formulation and process [2][17]. Other Important Insights - The company has not set a specific revenue target of 10 billion for its proprietary brands, and the prescription food market is viewed as a top-tier category under development [2][18]. - The 618 shopping festival accounted for approximately 10% of total annual sales last year, with the focus on brand exposure rather than specific sales targets [2][19]. - The gross margin for staple food (dry food) is higher than that for snacks, reflecting the advantages in ingredient composition and product development [2][20]. - The overseas brand Waggin' Train, acquired in 2021, has shown stable performance but slower growth compared to the domestic market due to lower sales expense investments [2][21].

证券代码：301498 证券简称：乖宝宠物 公告编号：2025-021 乖宝宠物食品集团股份有限公司 2024年度利润分配权益分派实施公告 本公司及董事会全体成员保证信息披露内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 乖宝宠物食品集团股份有限公司（以下简称"公司"、"本公司"）2024年度 权益分派方案已获2025年5月22日召开的2024年年度股东大会审议通过，现将权益 分派事宜公告如下： 一、股东大会审议通过利润分配方案情况 1、2025年5月22日，公司召开的2024年年度股东大会审议通过《关于公司2024 年度利润分配预案的议案》，同意以公司总股本400,044,500股为基数，向全体股 东每10股派发红利2.50元（含税），共计派发现金红利100,011,125元（含税）。 本次利润分配不送红股，不以资本公积金转增股本。如在利润分配预案披露之日起 至实施权益分派股权登记日期间公司总股本发生变动，公司拟维持分配总额不变， 相应调整分配比例。 2、本次利润分配方案自披露之日至实施期间公司股本总数未发生变化。 二、权益分派方案 本公司2024年度权益分派方案为：以公司现有总股本400,0 ...

Core Insights - The article highlights the emergence of domestic pet food brands in China, showcasing their growth and market acceptance among young pet owners, indicating a shift from being mere manufacturers to becoming recognized brands [1][3]. Industry Overview - The "Global Brand China Online 500 Strong List" (CBI500) reveals that 10 out of 12 pet brands listed are domestic, with Myfoodie ranking 80th overall and second in the pet industry [1][2]. - The report indicates that the market share of China's pet food industry is only 24%, significantly lower than that of the US and Japan, suggesting substantial growth potential [3]. Brand Performance - Myfoodie and other domestic brands like Fresh and Fregate have shown remarkable performance, with Myfoodie surpassing traditional foreign giants in brand search volume and transaction numbers [3][5]. - During the Tmall 618 sales event, five domestic brands dominated the pet product sales leaderboard, all of which are included in the CBI500 list [3]. Consumer Demographics - The CBI500 list aligns closely with the profile of Tmall's 88VIP members, with 66.9% of pet owners identified as middle to high-income consumers, supporting the premiumization of domestic brands [5]. Innovation and Growth - Domestic brands are excelling in "newness" metrics, including sales growth, young user acquisition, and product innovation, with companies like Myfoodie and Fregate leading in R&D spending [5]. - The article notes that half of the listed domestic pet brands were established after 2015, indicating a rapid evolution in the industry from technology followers to standard setters [5]. Export Potential - China's pet food exports are projected to grow by 22.06% year-on-year in 2024, reflecting the increasing global recognition of "Chinese grain" [5].

证券代码：301498 证券简称：乖宝宠物 公告编号：2025-020 乖宝宠物食品集团股份有限公司 关于 2024 年年度股东大会决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东大会不存在否决议案的情形。 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 1、召开时间：2025年5月22日（星期四）下午14:30 2、召开地点：聊城市经济技术开发区牡丹江路8号 3、召开方式：本次股东大会采用现场投票与网络投票表决相结合的方式召 开 4、召集人：乖宝宠物食品集团股份有限公司董事会 5、主持人：董事长秦华先生 6、本次会议的召集、召开和表决程序符合《中华人民共和国公司法》《上 市公司股东会规则》《深圳证券交易所创业板股票上市规则》等有关法律、行政 法规、规范性文件和《乖宝宠物食品集团股份有限公司章程》的有关规定。 二、会议出席情况 下简称"公司"）有表决权股份总数400,044,500股的57.5485％。其中：通过现 场投票的股东共6人，代表有表决权的公司股份数合计为221,026,681股，占公司 ...

北京德恒（济南）律师事务所 关于乖宝宠物食品集团股份有限公司 2024 年年度股东大会的 法律意见 地址：山东省济南市高新区舜泰北路 567 号银丰科技公园 2 号楼 邮编：250102 网址：www.dehenglaw.com 电话：（86）531-8166 3606 北京德恒（济南）律师事务所 关于乖宝宠物食品集团股份有限公司 2024 年年度股东大会的法律意见 北京德恒（济南）律师事务所 关于乖宝宠物食品集团股份有限公司 2024 年年度股东大会的 法律意见 （二）《股东大会议事规则》； （三）公司于 2025 年 4 月 22 日在深圳证券交易所网站上刊登的《乖宝宠物 食品集团股份有限公司关于召开公司 2024 年年度股东大会的通知》（以下简称 "召开股东大会公告"）； （四）公司本次股东大会现场参会股东到会登记记录及凭证资料； （五）公司本次股东大会股东表决情况凭证资料； 1 北京德恒（济南）律师事务所 关于乖宝宠物食品集团股份有限公司 2024 年年度股东大会的法律意见 德恒 11G20240106-02 号 致：乖宝宠物食品集团股份有限公司 北京德恒（济南）律师事务所（以下简称"本所"）作为乖宝 ...

宠物股大涨 拉长时间看，年内天元宠物、中宠股份涨幅约为80%，狮头股份涨超70%，其中中宠股份自去年7月份至今持 续大涨，从17元一路上行至63.8元，涨幅高达245%，年内"宠物经济指数"内个股无一下跌，且在近期有加速上 行的趋势。 有公募人士分析，近日宠物股再度火热或源于"618"的火爆销售。相关数据显示，天猫"618"首小时，653个宠 物品牌成交同比翻倍，鲜朗成交大涨超过220%，大宠爱成交增长近200%，弗列加特成交增长近200%。9个宠 物品牌成交破千万，5个宠物主粮单品成交破千万。 根据派读宠物《2025年中国宠物行业白皮书》预计，到2027年，城镇宠物（犬猫）消费市场规模将突破4000亿 元大关，达到4042亿元，复合增长率为12.6%。中信证券认为，2025年宠物板块业绩有望持续增长。宠物经济 是稀缺赛道，需求韧性强，国内市场目前仍处"大行业、小龙头"阶段，龙头集中程度进一步提升，看好龙头通 过产品创新、品牌和渠道建设不断提升市场份额。 公募基金钟爱龙头 值得一提的是，在宠物经济概念股腾飞之际，公募基金却仅对龙头股"情有独钟"，多只涨幅居前的个股因市值 较小等因素，在上涨过程也鲜有公募基金问 ...

Summary of Guibao Pet's Conference Call Company Overview - Guibao Pet has shown continuous revenue and profit growth, driven by high-end products like Fulegat cat food, with revenue expected to reach 500 million yuan in 2024 and double in 2025 [2][3][8] - The company’s self-owned brand revenue accounts for 68% of total revenue, contributing over two-thirds, while OEM business accounts for less than one-third [2][4] Financial Performance - Revenue growth rates for Guibao Pet are as follows: 27% in 2023, 21% in 2024, and 35% in Q1 2025 [3] - Net profit growth rates are 62% for 2023, 46% for 2024, and 37% for Q1 2025, with net profit margin increasing from 7.82% in 2022 to 13.81% in Q1 2025 [3][5] - The company’s feed additive level reached 13.8% in Q1 2025, indicating potential for further margin improvement [6] Market Expectations and Growth Potential - The market has high expectations for Guibao Pet's revenue and profit margins, but there is a significant expectation gap due to the potential for non-linear growth as market size and share increase [5] - The Chinese pet food market has substantial growth potential compared to the U.S., with Guibao Pet's market share at approximately 6% compared to nearly 50% for leading U.S. companies [7] - The company’s strategy focuses on rapid revenue growth while accelerating high-end product offerings [7] Product Development - Guibao Pet launched a new dog food brand, Wangzhenchun, in 2024, which is positioned in the mid-to-high-end market [9][10] - The small dog food market is growing rapidly, similar to the cat food segment, allowing for high pricing and profitability [10] Investment Recommendations - Despite concerns about short-term overheating in the market, Guibao Pet and its competitor Zhongchong still have significant growth potential, with at least 10 times growth space anticipated [11] - Investors are advised to continue monitoring monthly data and consider buying on dips to capitalize on the expected rapid growth over the next 3 to 5 years [11]