Core Viewpoint - The company, Wenzhou Yuanfei Pet Products Co., Ltd., is actively expanding its business in the pet industry while exploring new opportunities in the trendy toy sector through strategic partnerships and leveraging its existing supply chain capabilities [2][3]. Group 1: Company Overview - Wenzhou Yuanfei Pet Products Co., Ltd. specializes in the research, production, and sales of pet supplies and pet food, with main products including pet snacks, leashes, toys, dry food, and wet food [2][9]. - The company was established on September 27, 2004, and went public on August 18, 2022, with a current market capitalization of 4.516 billion yuan [9]. - As of September 30, 2025, the company reported a revenue of 1.281 billion yuan, a year-on-year increase of 37.66%, and a net profit attributable to shareholders of 130 million yuan, up 8.75% year-on-year [9]. Group 2: Business Strategy and Partnerships - Yuanfei Pet has formed a strategic partnership with the trendy toy brand Heyone, focusing on extending its manufacturing and supply chain management capabilities into the toy sector while maintaining its core pet food and supplies business [3]. - The company emphasizes its experience in quality control, production management, and stable delivery, which are applicable to both pet products and high-quality trendy toys [3]. Group 3: Financial Performance and Market Position - The company's overseas revenue accounted for 85.78% of total revenue, benefiting from the depreciation of the RMB [4]. - The company has established production bases in Cambodia to enhance its global capacity and reduce labor costs, with an average capacity utilization rate of around 80% [4]. - The main revenue sources are pet snacks (52.09%), leashes (24.77%), staple food (9.79%), and toys (5.64%) [9]. Group 4: Market Dynamics - The company is positioned within the pet economy, cross-border e-commerce, and new retail sectors, indicating a diversified approach to market opportunities [9]. - Recent trading data shows a net inflow of 5.2256 million yuan from major investors, indicating increased interest in the stock [5][6].
源飞宠物涨0.17%，成交额3520.32万元，近3日主力净流入748.34万