证券代码：301335 证券简称：天元宠物 公告编号：2025-091 杭州天元宠物用品股份有限公司 关于2025年半年度募集资金存放与使用情况的专项报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 根据中国证券监督管理委员会《上市公司募集资金监管规则》和深圳证券交 易所印发的《深圳证券交易所上市公司自律监管指引第2号——创业板上市公司 规范运作》的规定，将杭州天元宠物用品股份有限公司（以下简称"本公司"、 "公司"）募集资金2025年半年度存放与使用情况专项说明如下： 一、募集资金基本情况 为了规范募集资金的管理和使用，提高资金使用效率和效益，保护投资者权 益，本公司按照《中华人民共和国公司法》《中华人民共和国证券法》《上市公 司募集资金监管规则》和《深圳证券交易所上市公司自律监管指引第2号——创 业板上市公司规范运作》等有关法律、法规和规范性文件的规定，结合公司实际 情况，制定了《杭州天元宠物用品股份有限公司募集资金管理制度》（以下简称 《管理制度》）。根据《管理制度》，本公司对募集资金实行专户存储，在银行 设立募集资金专户，并连同保荐机构中信证券股份 ...

证券代码：301335 证券简称：天元宠物 公告编号：2025-089 杭州天元宠物用品股份有限公司 第四届监事会第五次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、监事会会议召开情况 杭州天元宠物用品股份有限公司（以下简称"公司"）第四届监事会第五次 会议通知于 2025 年 8 月 11 日以电子邮件的方式送达全体监事，会议于 2025 年 8 月 22 日在浙江省杭州市临平区宁桥大道 291 号天元宠物鸿旺园区 9 号楼召开， 采取现场会议的方式召开，现场投票表决。本次会议应出席监事 3 人，实际出席 监事 3 人。会议由公司监事会主席朱伟强主持。 本次会议的召集、召开和表决程序符合《中华人民共和国公司法》（以下简 称"《公司法》"）等法律法规和《杭州天元宠物用品股份有限公司章程》（以 下简称"《公司章程》"）的有关规定。 二、监事会会议审议情况 经审议，监事会认为：公司董事会编制和审议公司《2025年半年度报告》及 摘要的程序符合法律、行政法规和中国证监会的规定，报告的内容能够真实、准 确、完整地反映公司的实际情况，不存在任何虚假记 ...

Financial Performance - Revenue for the reporting period reached ¥1,435,263,201.25, an increase of 14.59% compared to ¥1,252,557,729.81 in the same period last year[19]. - Net profit attributable to shareholders was ¥37,459,434.32, reflecting a growth of 20.14% from ¥31,180,196.50 year-over-year[19]. - The net profit excluding non-recurring gains and losses was ¥30,458,990.11, up 30.76% from ¥23,293,566.65 in the previous year[19]. - Basic earnings per share increased to ¥0.3076, a rise of 23.66% compared to ¥0.25 in the same period last year[19]. - Total assets at the end of the reporting period were ¥2,983,360,115.89, marking an 11.32% increase from ¥2,680,036,477.75 at the end of the previous year[19]. - The company reported a significant increase in prepaid accounts to 169,778,272, which is 5.69% of total assets, due to increased procurement payments[86]. - The company reported a total investment cost of RMB 56,100.0 million in financial assets, with a year-end amount of RMB 59,500.0 million[98]. - The company reported a total revenue of 58.9 million, reflecting a 4% increase compared to the previous period[104]. - The company reported a gross profit margin of 61.42% for its subsidiary, indicating strong profitability in its product lines[113]. Market Expansion and Product Development - The company maintains a focus on expanding its market presence and enhancing product offerings in the pet supplies sector[4]. - The company has established a global sales network, successfully entering markets in the US, Europe, Australia, and Japan, with partnerships with major retailers and e-commerce platforms[27]. - The company focuses on developing a wide range of pet products, including bedding, toys, and food, to meet diverse pet needs and enhance human-pet interaction[26]. - The company is actively expanding its product lines and enhancing its supply chain management to support sustainable growth in the pet industry[27]. - The company has shifted its new production capacity for cat climbing frames and other pet products to Southeast Asia, Poland, and other global regions since the end of 2022[105]. - The company plans to enhance its domestic market presence, focusing on e-commerce to increase market share and adapt to changing consumer behaviors[116]. - New product development remains a priority, with the company committed to launching various new products annually to meet market demands[117]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding future development statements, highlighting potential operational risks and corresponding countermeasures[4]. - The company faces risks from fluctuating raw material costs, which could impact profitability, and is implementing strategies to manage these risks effectively[117]. - The company is actively monitoring changes in international trade policies and economic conditions to mitigate risks associated with its overseas sales[115]. - The company has established a quality control system for outsourced production, but risks remain if supply chain management is ineffective[121]. - The company faces risks related to accounts receivable bad debt losses due to the increasing scale of accounts receivable as business expands, and it plans to strengthen internal controls and management to mitigate this risk[126]. - The company has implemented a foreign investment management system to mitigate risks associated with external investments, including market changes and potential conflicts of interest[127]. Shareholder and Capital Management - The company reported a cash dividend of 1.00 CNY per 10 shares (including tax) for the 2025 semi-annual profit distribution plan[4]. - The net profit attributable to shareholders for the first half of 2025 is RMB 37,459,434.32, with available distributable profits at RMB 262,532,422.05[135]. - The cash dividend distribution represents 100% of the total profit distribution amount, adhering to the minimum requirement of 40% for cash dividends during the mature phase of the company's development[134]. - The company has approved a stock incentive plan involving the issuance of 2.58 million restricted stocks to 54 eligible participants, with the first grant date set for February 27, 2024[137]. - The stock incentive plan's grant price was adjusted from RMB 9.44 to RMB 8.99 per share, with an additional 570,000 shares reserved for eligible participants[138]. - The company has a total of 17,735 common shareholders at the end of the reporting period[193]. - Major shareholders include Xue Yuanchao with 24.11% (30,592,769 shares) and Jiang Lingbing with 11.59% (14,711,269 shares)[193]. Operational Efficiency and Internal Controls - The company has established a comprehensive supply chain management system to ensure efficient product supply and coordination among departments[76]. - The company is focused on expanding capacity in investment projects while exploring new business areas[154]. - The company is committed to enhancing its product technology development center, although progress has been hindered by external factors[104]. - The company has implemented measures to enhance employee retention and loyalty to mitigate risks of talent loss[123]. - The company is expanding its management systems to adapt to growing business scale and improve operational efficiency[125]. - The company guarantees that all related transactions will comply with legal procedures and will be disclosed in a timely manner[152]. Environmental and Social Responsibility - The company emphasizes compliance with environmental regulations and actively engages in social responsibility initiatives, including employee health and safety measures[141]. - The company has not experienced any major safety incidents as of June 30, 2025, and has implemented various safety training programs[142]. Investment and Financial Strategy - The company has committed to invest 5.08 million in the Huzhou technology upgrade project, with a completion rate of 100%[103]. - The company plans to use up to RMB 60,000.00 million of temporarily idle raised funds for cash management, ensuring it does not affect the construction of investment projects[102]. - The company has ongoing projects with a total investment of ¥3,971,128.47 in the pet supplies industry, indicating a strategic focus on this sector[96]. - The company has established a dual business model focusing on pet supplies and pet food, leveraging international supply chains and domestic production capabilities[55].

证券代码：301335 证券简称：天元宠物 公告编号：2025-088 杭州天元宠物用品股份有限公司 第四届董事会第六次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、董事会会议召开情况 杭州天元宠物用品股份有限公司（以下简称"公司"）第四届董事会第六次 会议通知于 2025 年 8 月 11 日以电子邮件的方式送达全体董事，会议于 2025 年 8 月 22 日在浙江省杭州市临平区宁桥大道 291 号天元宠物鸿旺园区 9 号楼召开， 采取现场会议和电话会议结合的方式召开，现场投票表决。本次会议应出席董事 9 人，实际出席董事 9 人。会议由公司董事长薛元潮主持，公司监事及高级管理 人员列席了本次会议。 本次会议的召集、召开和表决程序符合《中华人民共和国公司法》（以下简 称"《公司法》"）等法律法规和《杭州天元宠物用品股份有限公司章程》的有 关规定。 二、董事会会议审议情况 会议审议并通过了如下议案： （一）审议通过《关于<2025 年半年度报告>及其摘要的议案》 经审议，董事会认为：报告编制和审议程序符合法律、行政法规和中国证监 会的规定， ...

Market Performance - The entertainment products sector increased by 0.3% on August 25, with Helen Piano leading the gains [1] - The Shanghai Composite Index closed at 3883.56, up 1.51%, while the Shenzhen Component Index closed at 12441.07, up 2.26% [1] Top Gainers in the Sector - Helen Piano (300329) closed at 13.30, up 8.31% with a trading volume of 248,300 shares and a turnover of 329 million yuan [1] - Zhejiang Zhengte (001238) closed at 51.88, up 5.90% with a trading volume of 12,400 shares and a turnover of 63.59 million yuan [1] - Tianyuan Pet (301335) closed at 35.03, up 5.01% with a trading volume of 118,200 shares and a turnover of 404 million yuan [1] Sector Fund Flow - The entertainment products sector experienced a net outflow of 592 million yuan from institutional investors, while retail investors saw a net inflow of 365 million yuan [2] - Speculative funds had a net inflow of 227 million yuan into the sector [2] Individual Stock Fund Flow - Tongda Chuangzhi (001368) had a net inflow of 19.20 million yuan from institutional investors, but a net outflow of 12.67 million yuan from retail investors [3] - Mingyue Lens (301101) saw a net inflow of 8.90 million yuan from institutional investors, while retail investors had a net outflow of 1.30 million yuan [3] - Helen Piano (300329) experienced a slight net outflow of 0.23 million yuan from institutional investors, with a net inflow of 33.49 million yuan from speculative funds [3]

Investment Rating - Industry rating: Outperform the market (maintained rating) [9] Core Insights - The pet industry is experiencing significant growth, with the Asia Pet Expo showcasing over 2,600 exhibitors and 20,000 brands, indicating a thriving market driven by globalization and innovation [2][13] - China's pet food exports have shown continuous growth, with 201,000 tons exported from January to July 2025, reflecting a year-on-year increase of 6.64% [14] - The pig farming sector is facing challenges, with the average pig price at 13.82 yuan/kg, a decrease of 3.63% from the previous week, and the average weight of pigs reaching a historical high [15][16] - The dairy sector is poised for a recovery, with the original milk price expected to rebound as production capacity decreases after a prolonged period of losses [17][18] - The poultry sector is focusing on breeding gaps, with a significant decline in the import of breeding chickens due to avian influenza concerns, which may impact future supply [19][20] - The planting sector emphasizes food security and the importance of biotechnology, with a focus on high-yield and resilient crop varieties [25] - The feed sector is recommended for investment, particularly in companies like Haida Group, which is expected to benefit from market recovery and increased market share [26] Summary by Sections Pet Sector - The Asia Pet Expo has reached a record scale of 310,000 square meters, highlighting the industry's vitality and innovation potential [2][13] - Pet food exports from China have increased, with a total of 201,000 tons exported in the first seven months of 2025, showing a year-on-year growth of 6.64% [14] - Recommended companies include pet food brands like Guibao Pet, Zhongchong Co., and Petty Co. [14] Pig Sector - The average pig price is currently at 13.82 yuan/kg, with a year-to-date low in profitability for pig farming [15][16] - The average weight of pigs is at a historical high, indicating supply pressures [15] - Recommended companies include leading pig farming firms such as Wens Foodstuffs Group and Muyuan Foods [16] Dairy Sector - Yuran Dairy reported stable performance with a revenue of 10.3 billion yuan, showing a year-on-year growth of 2.3% [17] - The dairy industry is expected to see a recovery as production capacity decreases [18] - Recommended companies include Yuran Dairy and China Shengmu Organic Milk [18] Poultry Sector - The poultry sector is facing challenges with breeding imports, particularly for white chickens, due to avian influenza [19][20] - Recommended companies include Shennong Development and Yisheng Livestock [20] Planting Sector - The focus is on food security and biotechnology, with an emphasis on high-yield and resilient crop varieties [25] - Recommended companies include Longping High-Tech and Dabeinong Technology Group [25] Feed Sector - Haida Group is highlighted as a key investment opportunity due to its increasing market share and performance [26] - The animal health sector is also recommended, particularly companies like Kexin Biological [27]

Overview - The pet leash market in China is rapidly growing, with a projected market size of 5.614 billion yuan in 2024, representing a year-on-year growth of 15.64%, with dog leashes accounting for over 90% of the market share [1][11] - Increased attention to pet safety and comfort is driving demand for higher quality leashes, leading companies to develop more personalized and user-friendly products [1][11] - The rise in regulations promoting responsible pet ownership is expected to further boost the demand for pet leashes [1][11] Development Background - The aging population in China is contributing to the rise in pet ownership, with the population aged 65 and above expected to reach 219.69 million in 2024, a year-on-year increase of 1.35% [4] - The increasing divorce rate and declining birth rate are leading to a rise in solitary individuals who seek companionship from pets, further fueling the pet economy [4] - Over 90% of pet owners consider their pets as family or friends, indicating a strong willingness to spend on pet-related products [4] Industry Chain - The upstream of the pet leash industry includes suppliers of raw materials such as nylon, silicone, and metal, as well as suppliers of plastic components and packaging materials [6] - The midstream involves the manufacturing of pet leashes, while the downstream consists of sales channels including pet specialty stores, veterinary clinics, supermarkets, and e-commerce platforms [6] Current Market Status - The pet leash market is experiencing robust growth driven by a large pet-owning population, with a market size of 5.614 billion yuan projected for 2024, reflecting a 15.64% increase [11] - The demand for leashes is expected to grow as pet owners become more attentive to their pets' safety and comfort [11] Competitive Landscape - The pet leash market in China is highly competitive, with numerous participants. The top 10 brands by usage rate include hipidog (20.5%), flexi (11.9%), and Hoopet (11.3%) [13] - Companies like Wenzhou Yuanfei Pet Toys Co., Ltd. and Nanjing hipidog Pet Products Co., Ltd. are key players in the industry, with Yuanfei's revenue from pet leashes reaching 456 million yuan in 2024 [15][17] Development Trends - Future trends in the pet leash market include the integration of wearable technology, such as GPS tracking and health monitoring sensors, into leashes [19] - There will be a focus on ergonomic designs to reduce hand fatigue for pet owners, as well as an increase in customized products tailored to different pet sizes and behaviors [19]

Core Insights - The "pet economy" is rapidly growing, driven by technological advancements and increasing consumer demand for smart pet products [1][2][8] - The 27th Asia Pet Exhibition showcased innovative pet technology, highlighting the shift towards emotional and intelligent pet care [1][2][10] Industry Trends - The demand for high-tech, smart pet products is rising, with a focus on scientific and refined pet care [1][2] - The emergence of products like AI-enabled pet phones and mobile monitoring systems indicates a trend towards emotional interaction between pets and owners [2][3] Supply Chain Developments - Supply chain upgrades are crucial for the pet economy, with companies like Bühler showcasing innovations in pet food processing equipment [4][5][6] - Intelligent logistics solutions are being developed to address challenges in the pet industry, enhancing efficiency and reducing costs [5][6][7] Company Performance - Listed companies in the pet sector are reporting strong financial results, with significant year-on-year growth in revenue and profits [8][9] - Companies are diversifying into the pet market, with investments in smart pet technology and related sectors [9][10] Market Dynamics - The number of pet-related businesses in China has surged, reflecting a growing interest in the pet economy [9] - Investment in the pet medical sector is particularly strong, indicating a shift towards health and wellness in pet care [9]

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 根据杭州天元宠物用品股份有限公司（以下简称"公司"）第三届董事会第 二十六次会议及第三届监事会第十八次会议审议通过的《关于使用部分暂时闲置 募集资金进行现金管理的议案》，公司及全资子公司杭州鸿旺宠物用品有限公司 在确保不影响募集资金投资项目建设、不影响正常生产经营及确保资金安全的情 况下，可以使用不超过人民币 60,000.00 万元（含本数）的暂时闲置募集资金（含 超募）进行现金管理，使用期限自董事会审议通过之日起 12 个月内有效，购买 的投资产品期限不得超过 12 个月，在前述额度和期限范围内，资金可循环滚动 使用。具体内容详见公司 2025 年 1 月 16 日在巨潮资讯网（www.cninfo.com.cn， 下同）上披露的《关于使用部分暂时闲置募集资金进行现金管理的公告》（公告 编号：2025-005）。 上述理财产品的购买情况详见公司于 2025 年 5 月 22 日在巨潮资讯网披露的 《关于使用部分闲置募集资金进行现金管理的进展公告》（公告编号：2025-073）， 1 序 号 购买 主体 金融机 ...

Core Viewpoint - The pet snack industry in China is experiencing significant growth driven by factors such as an aging population, an increase in single youths, and a growing emotional investment from pet owners, with the market size expected to reach 47.44 billion yuan in 2024, reflecting an 8.50% year-on-year growth [1][10]. Overview - Pet food is specifically designed to provide essential nutrition for pets, categorized into main food, snacks, and health products, with snacks serving various purposes such as enhancing interaction and training [2]. - Pet snacks can be classified by ingredients (meat, seafood, grains, fruits/vegetables, functional ingredients), texture (dry, moist, chewable, powder/particle), function (training rewards, dental care, nutritional supplements, interactive entertainment), and pet type (dog snacks, cat snacks, other pet snacks) [2]. Development History - The entry of foreign pet food brands in the 1990s, such as Mars and Nestlé, helped cultivate consumer awareness of pet snacks in China [4]. - The rapid rise of e-commerce in 2014 significantly expanded sales channels for pet snacks, leading to increased visibility and accessibility for consumers [4]. - Despite a slowdown in growth in 2018 due to overall retail pressures, the industry has shifted towards more refined operations, focusing on product quality and regulatory compliance, which has led to the elimination of outdated production capacities [4]. Industry Chain - The upstream of the pet snack industry includes suppliers of raw materials (meat, seafood, grains, fruits/vegetables), additives, packaging materials, and production equipment [6]. - The midstream involves the manufacturing of pet snacks, while the downstream consists of sales channels such as pet stores, veterinary clinics, and e-commerce platforms [6]. Current Development - The increasing number of pet owners, driven by demographic changes, has created a substantial consumer base for the pet snack industry, leading to a growing market demand [10]. - Pet owners are increasingly willing to invest in high-quality snacks for their pets, reflecting a shift from basic sustenance to emotional consumption [10]. Competitive Landscape - The pet snack industry in China features numerous participants, including both foreign brands like Mars and Nestlé and domestic brands such as Guobao Pet, Zhongchong Co., Tianyuan Pet, and others [12]. - In 2024, Guobao Pet is projected to achieve total revenue of 5.245 billion yuan, followed by Zhongchong Co. with 4.465 billion yuan and Tianyuan Pet with 2.764 billion yuan [12][14]. Industry Representative Companies - Zhongchong Co. focuses on the research, production, and sales of pet food, with a projected total revenue of 4.465 billion yuan in 2024, of which 3.132 billion yuan comes from pet snacks [14]. - Guobao Pet specializes in various pet food products, with an expected total revenue of 5.245 billion yuan in 2024, and pet snacks contributing 2.484 billion yuan [16]. Development Trends - The future of the pet snack industry will see a shift towards natural ingredients, with a focus on reducing synthetic additives and incorporating functional components to cater to aging pets [18]. - There will be an increasing demand for personalized pet snacks tailored to individual pet needs, potentially integrating with personalized nutrition plans for better health management [18].