“毛孩子”经济有多火？中宠股份半年靠宠物零食进账15亿，日均800万

Core Viewpoint - The pet economy continues to thrive, with Zhongchong Co., Ltd. reporting impressive financial results for the first half of 2025, achieving nearly 2.5 billion yuan in revenue and over 400 million yuan in net profit, reflecting a significant year-on-year growth [1][2]. Financial Performance - Zhongchong Co., Ltd. achieved total operating revenue of 2.432 billion yuan, a year-on-year increase of 24.32% [2][4]. - The net profit attributable to shareholders reached 203 million yuan, marking a 42.56% increase compared to the previous year [2][4]. - The pet snacks segment generated revenue of 1.529 billion yuan, accounting for approximately 62.89% of total revenue, with a year-on-year growth of 6.37% [5]. - The pet staple food segment saw the fastest growth, contributing 783 million yuan in sales, a remarkable increase of 85.79% year-on-year [2][5]. Business Analysis - The three core proprietary brands of Zhongchong Co., Ltd. have seen continuous improvement in gross margins, driving overall performance [2]. - The company's overseas business accounted for 64.75% of total revenue, indicating a strong global supply chain strategy [2]. Market Trends - The pet economy in China is projected to reach a market size of 1.15 trillion yuan by 2028, driven by emotional and rational pet ownership trends [6][7]. - The number of urban pets in China is expected to exceed 120 million by 2024, with a market scale of 300.2 billion yuan, reflecting a year-on-year growth of 7.5% [6]. - Analysts suggest that the pet food and medical sectors will continue to expand, enhancing the profitability of related companies [7].