Jing Ji Guan Cha Wang·2025-06-08 10:14Group 1 - The "pet economy" in A-shares is experiencing significant growth, with leading companies like Guibao Pet and Zhongchong Co. seeing their stock prices reach new highs, driving the overall sector upward [2] - In 2024, Guibao Pet achieved revenue of 5.244 billion yuan and a net profit of 624 million yuan, representing year-on-year growth of 21.22% and 45.68% respectively; Zhongchong Co. reported revenue of 4.465 billion yuan and a net profit of 394 million yuan, with year-on-year increases of 19.15% and 68.89% [2] - In Q1 of this year, Guibao Pet's revenue and net profit both grew by over 34%, while Zhongchong Co.'s net profit increased by 62.13% [2] - Other companies like Lusi Co. reported a 14.57% year-on-year increase in net profit for 2024, with Q1 revenue and net profit growth exceeding 17% [2] - Petty Co. turned a profit in 2024, with net profit soaring by 1742.81% year-on-year [2] - Since 2025, the pet food sector has seen significant stock price increases, with Lusi Co., Zhongchong Co., and Guibao Pet all experiencing over 45% growth, and Lusi Co. and Zhongchong Co. exceeding 50% [2] - As of April 25, Lusi Co. had a 32.5% increase in stock price for April, while Guibao Pet and Zhongchong Co. saw increases of over 25% [2] Group 2 - According to a report from China Galaxy Securities, the pet industry in China is in a rapid growth phase, with the market size expected to exceed 300 billion yuan in 2024 [3] - The rise of emotional economy is leading to single young adults and the elderly becoming the main consumers of pet products [3] - The upgrade of scientific pet-raising concepts is catalyzing demand for segmented products [3] - Under the rational pet-raising concept, the cost-performance ratio of products is gaining importance [3] - The domestic pet food market is projected to reach a size of 158.5 billion yuan in 2024, with a year-on-year growth of 8.5% [3] - Domestic companies are focusing on developing their own brands, indicating a shift towards domestic substitution and potential restructuring of the industry landscape [3]