证券日报网讯1月12日，恒鑫生活（301501）在互动平台回答投资者提问时表示，公司生产经营平稳有 序，始终聚焦主业、稳健发展，以增强投资者对公司的信心。当前可生物降解包材市场潜力持续释放， 公司依托技术积累，已推动全新合成生物类新材料的研发创新，相关新产品已实现量产落地并完成订单 交付，未来，公司将持续推进产品创新、拓展应用场景，提升品牌影响力。 ...

证券日报网讯1月12日，恒鑫生活（301501）在互动平台回答投资者提问时表示，截至2026年1月9日， 公司股东人数为12019户。 ...

（编辑 王雪儿） 证券日报网讯 1月12日，恒鑫生活在互动平台回答投资者提问时表示，公司的餐饮具产品通过国内外线 下商超及线上电商平台进行销售，服务广大家庭用户。关于新增产线，公司国内"年产2.3万吨可降解及 可回收塑料绿色包装制品制造建设项目""绿色可降解制品生产基地项目"等正稳步推进；泰国生产基地 于2025年4月进入常态化生产并处于产能爬坡阶段，具体进展请以公司公告为准。 ...

证券日报网讯1月12日，恒鑫生活（301501）在互动平台回答投资者提问时表示，公司始终注重品牌的 塑造和推广，已拥有"可可森活""HXIN"等自有品牌，产品获得了市场及客户的广泛认可。未来，公司 将持续深化品牌建设，为消费者提供更多高品质、安全、健康的产品，进一步强化品牌影响力。 ...

（文章来源：证券日报） 证券日报网讯 1月7日，恒鑫生活在互动平台回答投资者提问时表示，截至2025年12月31日，公司股东 人数为12298户。 ...

Core Viewpoint - The pet economy, with a market size of 300 billion and a gross margin of up to 50%, appears lucrative but is proving challenging for large companies to profit from [6]. Group 1: Market Dynamics - The pet food sector is the most popular category, with domestic brands achieving gross margins of 40%-50%, and some products, like high-end cat food, reaching a gross margin of 44.7% [8]. - Despite the high gross margins, many companies in the pet industry, such as Zhongchong Co. and Petty Co., report low net profit margins, with Zhongchong's gross margin at 28.16% and net margin at only 9.33% for 2024 [9]. - The high gross margins in the pet economy are often offset by significant marketing and operational costs, leading to a situation where companies struggle to convert revenue into profit [11][12]. Group 2: Challenges Faced by Large Companies - Large companies entering the pet market, like Hema, have faced significant losses, with Hema's Pet Fresh store losing over 20,000 yuan per month and closing after just nine months [6][9]. - The reliance on KOLs (Key Opinion Leaders) for marketing has led to increased sales expenses, which can consume a large portion of revenue, making it difficult for companies to achieve profitability [12][16]. - The pet economy is characterized by a high degree of fragmentation, with many successful businesses being small, owner-operated shops rather than large chains [20][24]. Group 3: Emotional Value vs. Cost - The perceived high margins in the pet economy are often attributed to the emotional value pet owners place on their pets, but this emotional value comes with significant costs, particularly in marketing and service delivery [11][14]. - Services like pet grooming and veterinary care can be profitable, but they require skilled personnel, making it difficult for large companies to scale effectively [20][23]. Group 4: Comparison with Other Industries - The challenges faced by the pet economy are similar to those in other high-margin industries like beauty and medical aesthetics, where the profitability often lies with individual practitioners rather than large companies [18][19]. - The pet industry, like the beauty industry, is heavily reliant on personal relationships and trust, which complicates efforts to scale operations [22][24].

Core Insights - The pet economy, with a market size of 300 billion and gross margins reaching 50%, appears to be a lucrative business, but the reality is more complex and challenging for large companies [1][4]. Group 1: Market Dynamics - Major players like Hema have entered the pet market with high expectations, but have faced significant losses, exemplified by Pet Fresh's closure of 18 stores after just 9 months, with an average monthly loss exceeding 200,000 RMB per store [2][6]. - Despite the high gross margins in pet food, with domestic brands achieving 40%-50% margins, the actual profitability for many companies is low, with some reporting negative net margins [5][6]. Group 2: Cost Structure - The high gross margins in the pet industry are offset by substantial marketing and operational costs, particularly in advertising through KOLs (Key Opinion Leaders), which can consume a significant portion of revenue [8][10]. - Companies like Zhongchong and Peidi have shown that even leading firms struggle with profitability, with Zhongchong's gross margin at 28.16% and net margin at only 9.33% [6][9]. Group 3: Business Model Challenges - The pet economy is characterized by a reliance on personal relationships and trust between pet owners and service providers, making it difficult for large companies to replicate the success of smaller, independent operators [22][23]. - The expansion of large pet service providers often leads to operational inefficiencies and customer dissatisfaction, as seen with companies like Jichongjia, which faced closures after rapid expansion [22][24]. Group 4: Comparison with Other Industries - The challenges faced in the pet economy mirror those in other high-margin industries like beauty and medical services, where the core value often lies in individual expertise rather than scalable business models [14][20]. - The pet industry, much like the beauty and medical sectors, is fundamentally a "people-driven" business, where success is tied to individual skills and customer relationships rather than just operational efficiency [20][23].

证券日报网讯12月30日，恒鑫生活（301501）在互动平台回答投资者提问时表示，公司是众多国内外知 名企业的环保包装制品的提供商，公司会积极调配产能、提升生产效率，保障客户订单的稳定供应。关 于公司业绩情况，请关注公司届时披露的定期报告。 ...

合肥恒鑫生活科技股份有限公司 投资者关系活动记录表 编号：2025-009 证券代码： 301501 证券简称：恒鑫生活 尊敬的投资者，您好！欧洲生物塑料协会（EUBP）正式发布了《工 业可堆肥材料制品认证方案》的新版本（2025 年 10 月），将于 2026 年 1 月生效。新规最关键的变化在于，要求对产品中含量在 1%至 15% 之间的每个有机组分进行独立的"最终生物降解能力"测试。新增要 求：对含量>1%至<15%的每种有机成分，需证明其最终生物降解性； 调整门槛：含量≤1%的有机化合物（无需测定生物降解性）的总占比 上限从 5%降至 3%。欧洲生物塑料协会（EUBP）新版《工业可堆肥材 料制品认证方案》收紧了"可堆肥塑料"的定义和应用范围，是欧洲 绿色转型的"催化剂"，为真正环保、安全、可追溯的工业堆肥塑料 产品提供了清晰的"官方身份认证"和市场通行证。感谢您对公司的 关注！ 5.公司 PHA 产品的技术特点及前景如何？ 尊敬的投资者，您好！PHA 材料是一种生物基环保材料，不仅可 以工业堆肥，还可以家庭堆肥和海洋降解；同时，PHA 产品正从一种 "未来材料"加速走向商业化。公司已积累 PHA 产品 ...

截至12月19日，恒鑫生活股东户数1.23万，较上期减少1.69%；人均流通股2994股，较上期增加1.72%。 2025年1月-9月，恒鑫生活实现营业收入13.84亿元，同比增长19.49%；归母净利润1.85亿元，同比增长 14.12%。 分红方面，恒鑫生活A股上市后累计派现5100.00万元。 机构持仓方面，截止2025年9月30日，恒鑫生活十大流通股东中，香港中央结算有限公司位居第五大流 通股东，持股25.95万股，相比上期减少92.28万股。 12月22日，恒鑫生活涨2.81%，成交额9342.42万元。两融数据显示，当日恒鑫生活获融资买入额 1011.42万元，融资偿还522.22万元，融资净买入489.19万元。截至12月22日，恒鑫生活融资融券余额合 计1.20亿元。 融资方面，恒鑫生活当日融资买入1011.42万元。当前融资余额1.19亿元，占流通市值的7.23%。 融券方面，恒鑫生活12月22日融券偿还1700.00股，融券卖出100.00股，按当日收盘价计算，卖出金额 4462.00元；融券余量4700.00股，融券余额20.97万元。 资料显示，合肥恒鑫生活科技股份有限公司位于安徽长丰 ...