乖宝宠物分析师会议-20250513

Group 1: Research Basic Information - The research object is GuaiBao Pet, and the reception time is May 13, 2025. The listed company's reception staff includes the Chief Financial Officer Yuan Xue, the Board Secretary Wang Peng, the Independent Director Zhai Yueling, and the Sponsoring Representatives Chen Fenghua and Sun Xiyun [16] Group 2: Detailed Research Institutions - The reception object is investors who participated in the online performance briefing of GuaiBao Pet in 2024 via online and telephone, and the type is others [19] Group 3: Main Content Company's Operating Performance in 2024 - In 2024, the company achieved a revenue of 5.245 billion yuan, a year-on-year increase of 21.22%, and a net profit attributable to the parent company of 625 million yuan, a year-on-year increase of 45.68%. The self-owned brand business revenue was 3.545 billion yuan, a year-on-year increase of 29.14% [23] Company's Performance in Q1 2025 - In Q1 2025, the company achieved an operating income of 1.48 billion yuan, a year-on-year increase of 34.82%, and a net profit attributable to shareholders of the listed company of 204 million yuan, a year-on-year increase of 37.68% [23] Company's Dividend Plan - In 2024, the company conducted two dividends, with a cumulative cash dividend of over 200 million yuan, accounting for 32.02% of the company's net profit attributable to the parent company in 2024. The Second Board Meeting of the Ninth Session has reviewed and approved the proposal to authorize the board to formulate the mid - year dividend matters for 2025 [23] Thailand Factory's Situation - The original factory in Thailand is currently at full capacity. The new factory project in Thailand will cost about 200 million yuan and is expected to be put into production in June this year, doubling the production capacity in Thailand. The company is also planning to build a research and development center in Thailand, and the budget for this part is being calculated [23][25] Company's Internal Optimization - The company will focus on two aspects: accelerating digital transformation to improve operational efficiency and implementing continuous incubation of strategic organizational capabilities and talent echelons and optimizing the incentive mechanism [25]