Core Viewpoint - Tianyuan Pet Company reported a year-on-year increase in both revenue and profit for the first half of 2025, indicating strong financial performance and growth potential in the pet industry [1][2]. Financial Performance - The company's revenue for the first half of 2025 was 1.435 billion yuan, a 14.59% increase compared to the same period last year [1]. - The net profit attributable to shareholders was 37.46 million yuan, reflecting a 20.14% year-on-year growth [1]. - The net profit after deducting non-recurring gains and losses was 30.46 million yuan, up 30.76% year-on-year [1]. - Basic earnings per share were 0.31 yuan, an increase of 23.66% compared to the previous year [1]. Profitability Metrics - The gross profit margin for the first half of 2025 was 19.43%, up 3.19 percentage points year-on-year [2]. - The net profit margin was 2.22%, a decrease of 0.25 percentage points compared to the same period last year [2]. Expense Analysis - The company's operating expenses for the first half of 2025 amounted to 237 million yuan, an increase of 75.03 million yuan year-on-year [2]. - The expense ratio was 16.49%, up 3.58 percentage points from the previous year [2]. - Sales expenses increased by 48.46%, management expenses rose by 37.63%, R&D expenses grew by 5.31%, and financial expenses surged by 1026.13% [2]. Company Background - Tianyuan Pet Company, established on June 11, 2003, is located in Hangzhou, Zhejiang Province, and was listed on November 18, 2022 [5]. - The company focuses on the design, development, production, and sales of pet products, while actively expanding into the pet food sales business [5].
天元宠物上半年净利增两成，57岁女副总薛雅利系董事长妹妹、连续2年降薪