宠物行业周观点：犬猫数据库构建宠物健康科学体系，“宠物+文旅”消费潜力可期

Investment Rating - The industry investment rating is "Maintain Buy" [6] Core Viewpoints - The government work report emphasizes boosting consumption and the integration of "AI+" into various sectors, which is expected to enhance consumer spending in the pet industry due to the emotional value associated with pets [1] - The launch of the world's first digital life database for dogs and cats by Guobao Pet Group marks a significant shift in the pet industry towards data-driven strategies, aiming to improve pet health and nutrition through advanced research methodologies [2] - The trend of traveling with pets is gaining traction, with increasing demand for pet-friendly travel services, indicating a new consumption potential in the pet economy [3] Summary by Sections Government Initiatives - The 2025 government work report aims to stimulate consumption and promote digital, green, and intelligent consumption, which is expected to positively impact the pet industry [1] Digital Transformation - Guobao Pet Group's WarmData center integrates cross-species data and digital twin technology to enhance pet nutrition research, representing a strategic shift from scale-driven to data-driven approaches in the pet industry [2] Emerging Consumption Trends - The rise of "pet-friendly travel" is highlighted as a new market opportunity, with various services like pet-friendly restaurants and hotels becoming increasingly popular among pet owners [3] Investment Recommendations - Suggested companies for investment include Tianyuan Pet, Yiyi Co., and Guobao Pet, which are involved in pet intelligence and interaction, as well as companies like Xiaomi and Alibaba that are diversifying into the pet sector [4]