这一赛道创新高！基金经理：新型消费公司存在明显的阿尔法

Core Viewpoint - The pet food sector is experiencing significant growth, with leading companies achieving record stock prices and high profit growth rates, attracting attention from fund managers shifting focus to new consumption areas [1][2][4]. Group 1: Company Performance - Leading companies in the pet food sector, Guai Bao Pet and Zhong Chong Co., have seen their stock prices reach historical highs, with year-to-date increases exceeding 30% [2]. - Guai Bao Pet reported a 2024 revenue of 5.245 billion yuan, a year-on-year increase of 21.22%, and a net profit of 625 million yuan, up 45.68% [2]. - Zhong Chong Co. achieved a 2024 revenue of 4.465 billion yuan, a 19.15% increase, and a net profit of 394 million yuan, up 68.89% [2]. Group 2: Market Trends - The pet food market is the largest segment within the pet industry, benefiting from the overall growth of the pet economy, characterized by high repurchase rates and low price sensitivity [2][3]. - Fund managers are increasingly focusing on new consumption sectors, including pet products, as traditional consumer stocks show relatively flat performance [4][6]. Group 3: Investment Insights - The pet food sector is highlighted for its substantial market potential, accounting for nearly half of the total pet economy, which is valued in the hundreds of billions [3]. - The industry is undergoing a positive structural change, with many companies emerging from intense price competition, leading to a more favorable market environment for brands with strong capabilities [3][4]. - Fund managers are actively seeking companies that can meet the evolving demands of consumers, emphasizing the importance of product and brand strength in the new consumption landscape [6][8].