Chang Sha Wan Bao·2025-05-21 05:46Group 1 - The pet economy concept has shown significant growth, with 16 stocks in the sector increasing over 100% since May 20, 2022, and some exceeding 200% [1] - The pet economy industry in China reached a scale of 592.8 billion yuan in 2023, with projections to grow to 1.15 trillion yuan by 2028 [1] - Pet food is the largest segment of pet consumption, expected to hold a market share of 52.8% in 2024, with pet staple food, snacks, and nutritional products accounting for 35.7%, 13.5%, and 3.6% respectively [1] Group 2 - The pet economy consists of two main aspects: food, which is a necessity, and care products, which offer innovation and market opportunities [2] - The company Guibao Pet reported a revenue of 3.545 billion yuan from its own brand in 2024, making up 67.59% of total revenue, a year-on-year increase of 29.14% [2] - Peti Co. achieved a sales revenue of 288 million yuan in 2024, with a 33% growth in its own brand revenue [2] Group 3 - New entrants are emerging in the pet sector, such as the fresh pet food brand "Paitexiansheng," which combines retail, dining, and pet social interaction [3] - The company Shengxiang Bio has entered the pet economy by investing in Hunan Dasheng Pet Doctor, focusing on molecular diagnostics and genetic testing for pets [3] - Shengxiang Bio reported a net profit of 91.7355 million yuan in Q1 2025, with a year-on-year growth rate of 13.22% [3]