Core Insights - The company held an earnings briefing on September 11, 2025, focusing on its pet business segment, with management addressing investor inquiries regarding revenue growth, competitive strategies, and marketing models [1] Group 1: Pet Business Performance - The company's core product, pet pads, achieved a revenue growth of 7.28% year-on-year in the first half of 2025, aligning with industry growth rates [2] - The company is enhancing customer retention through a differentiated product strategy, targeting younger pet owners and aging pets with a multi-scenario product matrix [2] - In the overseas market, the company holds nearly 40% of the customs export share for similar products, leveraging over 20 years of industry experience [2] Group 2: Financial Performance - In the first half of 2025, the company reported a revenue of 888 million yuan, a year-on-year increase of 9.34%, while net profit attributable to shareholders was 102 million yuan, up 7.37% [3] - The difference in growth rates between net profit and revenue is attributed to product structure optimization and improved production efficiency [3] - The core product, pet pads, maintained stable growth despite tariff disruptions, while pet urine pads experienced a significant growth of 40.58% year-on-year due to increased usage scenarios [3] Group 3: Marketing and Expansion Plans - For the second half of 2025, the company plans to enhance brand influence through innovative marketing models and expand into emerging channels and consumption scenarios [4] - The company aims to establish partnerships with pet brand operators, pet stores, and veterinary hospitals, and will utilize both online and offline marketing strategies [4] - In international markets, the company will focus on developing new markets and customer resources, particularly in Europe, while also considering new sales models for Southeast Asia [4] Group 4: Product Quality and Market Strategy - The company has stated it will not engage in price competition, emphasizing that consumer focus in the pet supplies industry is on product quality [5] - The company is committed to maintaining product quality to protect long-term brand value, with a mission to create perfect pet hygiene care products [5] - The earnings briefing provided a comprehensive response to investor concerns, showcasing the company's development trends and strategic planning in the pet hygiene care product sector [5]
调研速递|依依股份接受投资者调研，宠物业务成关注焦点