【私募调研记录】鼎锋资产调研中宠股份

Group 1 - The core viewpoint of the article highlights the recent research conducted by Dingfeng Asset Management on Zhongchong Co., which reported 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, reflecting a year-on-year increase of 42.56% [1] - Zhongchong Co. has established a global presence with 22 production bases and is set to complete its second factory in the United States by 2026, with a 100 million investment in a 10,000 square meter facility in Mexico, focusing on pet food products [1] - The company’s products comply with the US-Mexico-Canada Agreement and are not affected by tariff adjustments, while its brand WNPY is a key player in its overseas expansion strategy [1] Group 2 - Dingfeng Asset Management, established in November 2007, has a registered capital of 31.9 million RMB and focuses on securities and equity investment management and consulting [2] - The company has a team of over 50 industry professionals and has established good relationships with various financial institutions, managing a total of 10 billion RMB across 52 private equity products [2] - Dingfeng Asset Management has received multiple awards, including the Morningstar China Annual Hedge Fund Award and has been recognized as one of the best private equity funds by Forbes China [2]