【机构调研记录】诺德基金调研中宠股份

Group 1 - The core viewpoint of the news is that Nord Fund recently conducted research on Zhongchong Co., Ltd., revealing significant growth in revenue and net profit for the first half of 2025 [1] - Zhongchong Co., Ltd. achieved a revenue of 2.432 billion with a year-on-year growth of 24.32% and a net profit of 203 million, reflecting a year-on-year increase of 42.56% [1] - The company has a global presence with 22 production bases and is set to complete its second factory in the U.S. by 2026, with a $100 million investment in a 10,000 square meter facility in Mexico [1] Group 2 - Zhongchong Co., Ltd.'s products comply with the USMCA agreement and are not affected by tariff adjustments, indicating a strong competitive position in North America [1] - The domestic market for pet food is expanding, but the concentration remains low, with an increasing trend in brand concentration [1] - The brand WNPY, a core strength of Zhongchong Co., Ltd., is enhancing its brand power through brand building, product development, and cultural initiatives [1]