【私募调研记录】于翼资产调研中宠股份

Group 1 - The core viewpoint of the news is that Yu Yi Asset Management has conducted research on Zhongchong Co., which shows promising financial growth and strategic expansion plans [1] - Zhongchong Co. achieved a revenue of 2.432 billion in the first half of 2025, representing a year-on-year growth of 24.32%, and a net profit of 203 million, with a year-on-year increase of 42.56% [1] - The company has established 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 new facility in Mexico [1] Group 2 - Zhongchong Co.'s products comply with the USMCA agreement, thus remaining unaffected by tariff adjustments [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 key player for Zhongchong Co., is enhancing its brand strength through various strategies including brand building, product development, and cultural promotion [1]