能给主人“打电话”的宠物智能手机也来了，宠物产业3000亿元市场大爆发，行业上市公司“涨”声一片

Industry Overview - The 27th Asia Pet Expo held in Shanghai attracted over 130,000 professional visitors and 390,000 pet enthusiasts, with more than 2,600 exhibitors, setting a new record [1][3] - The pet economy in China is experiencing significant growth, with the urban pet (dog and cat) consumption market expected to reach 300.2 billion yuan in 2024, a year-on-year increase of 7.5% [1][4] Market Trends - The number of urban pet owners is projected to reach 76.89 million in 2024, a 2.4% increase from 2023, with pet dog and cat populations growing by 1.6% and 2.5% respectively [4] - Pet food remains the primary consumption market, holding a market share of 52.8% [4] Company Performance - Several listed pet companies reported growth in the first half of 2025, with Guai Bao Pet achieving revenue of 3.221 billion yuan, a 32.72% increase, and a net profit of 378 million yuan, up 22.55% [5] - Tian Yuan Pet reported revenue of 1.435 billion yuan, a 14.59% increase, and a net profit of 37.46 million yuan, up 20.14% [5] - Petty Co. focused on its domestic brand "Jue Yan," which saw nearly 50% revenue growth in the first half of 2025 [5] Competitive Landscape - The pet industry is witnessing a rise in private label competition, with companies increasingly focusing on their own brands as a key development strategy [6] - Sales expenses for major companies like Guai Bao Pet, Tian Yuan Pet, and Petty Co. increased significantly, reflecting the competitive nature of the market [6][7] Technological Innovations - The Asia Pet Expo showcased the world's first pet smartphone, PetPhone, which supports AI real-time communication and health monitoring, indicating advancements in pet technology [8] Insurance Sector Growth - The pet insurance market is rapidly expanding, with Zhong An Online reporting a total premium scale of approximately 563 million yuan, a year-on-year increase of over 51.3% [10] - The pet insurance market in China is projected to reach 3.2 billion yuan by 2025, with a penetration rate nearing 10% [10]