作者 | 远禾 数据支持 | 勾股大数 据（www.gogudata.com） 宠物所代表的 "它经济"，正在成为社会上不可忽视的一股潮流。 无论是越来越多的宠物友好商场、宠物友好公园，还是大街上的宠物推车逐渐超过婴儿车，年轻人对于宠物的热情，正在成为整个社会的共 识。 宠物殡葬成为热门服务，高铁宠物托运也逐渐设点，也折射出宠物经济不断升级的地位。 在资本市场上，宠物经济也一度狂飙。 4月7日以来，中宠股份股价上涨超50%，乖宝宠物上涨超30%。 Wind数据显示，自去年924行情以来，宠物经济指数已经上涨超60%。 拉长时间来看，自 2017年上市以来，中宠股份的股价由最低的6.52元/股，上涨至如今的56.45元/股，股价已上涨超8倍。 自 24年2月的最低点来看，如今，乖宝宠物的股价也已上涨近4倍。 然而，并非所有宠物经济相关企业均迎来大涨。 对比之下，佩蒂股份股价一直震荡下行。 "924"行情以来，佩蒂股份股价仅上涨近30%。 今年以来，佩蒂股份股价跌幅超过 10%。 作为曾经的 "宠物第一股"，佩蒂股份的"此消"和乖宝宠物的"彼长"，恰恰显现出了国内宠物市场的逐渐转型和升级。 | 01 | | -- ...

1 、 《 PEEK材料产业链梳理，下一个千亿级赛道？ 》摘要 ■ PEEK的自润滑性和耐高温性能使其成为机器人驱动系统中的理想材料，减少摩擦和噪音，延长使 用寿命。 ■ 由于其优异的耐热、绝缘及耐腐蚀性，PEEK适合用于电子设备的支撑结构，尤其是在特殊环境下 工作的机器人中，如医疗和航天机器人。 ■ PEEK的核心原料是二氟二苯甲酮（DFBP），这类原料的生产技术掌握在少数企业手中，全球产能 集中度高。 2、 《 宠物经济虽热，难掩动物保健行业颓势 》摘要 ■ 2024年中国的宠物市场规模预计突破3000亿元，且宠物用药对安全性和有效性有更高要求，尤其 是猫三联和犬四联疫苗的国产化进程正在加速。 ■ 瑞普生物在宠物用疫苗领域表现突出，特别是打破了进口品牌对猫三联疫苗的垄断，取得了一定的 市场份额。 ■ 大型养殖集团如温氏股份、牧原股份等已经开始布局兽药和疫苗业务，这使得独立的动物保健企业 面临着前所未有的压力。 ■ 随着大型养殖企业自建兽药产能，并通过集中采购提高议价能力，独立兽药公司的市场空间将被进 一步压缩。 3、 《 关税战，先把宠物经济"打爆了" 》摘要 ■ 乖宝宠物通过高效的成本管控和规模效应，推 ...

随着2025年"五一"假期的临近，中国旅游住宿市场迎来爆发式增长。综合同程旅行和途家、华住等平台 发布的数据，今年假期旅游热度有望达到2023年以来的高峰。 相关平台数据显示，截至4月24日，民宿和酒店整体预订量同比增长显著，青岛、成都、昆明等城市持 续火热，三、四线小城强势逆袭，出境游和县域度假同步走热。"请4休10""请4休11"的拼假组合，加之 AI旅行助手的普及，让今年的"五一"住宿市场呈现出"拉长、做减法、看体验"的三重趋势。与此同时， 高星酒店预订热度首次强势超越低星级酒店，"睡得好"成为消费者的共识。业内人士认为，住宿市场正 从"性价比时代"向"质价比时代"全面升级。 "海边躺平"与"带宠出游"：新一代民宿消费场景火热上演 今年"五一"假期的民宿预订市场，用"海边躺平"和"带宠出游"这两个关键词诠释了什么是"精神状态型 旅游"。 根据途家民宿发布的《2025"五一"民宿出游预测报告》，截至4月24日，平台整体热门城市的预订量同 比增长超过三成，青岛不仅在总预订量上高居榜首，还成为00后最青睐的出游城市。 除了海边民宿，平潭岛因为"蓝眼泪"自然奇观成为今年"五一"假期"黑马"目的地，首次跻身平台热 ...

Industry Rating - The industry rating is maintained at "Outperform" [2] Core Insights - The pet industry is experiencing significant growth, with the urban dog and cat consumption market reaching 300.2 billion yuan in 2024, a year-on-year increase of 7.5%. The dog consumption market is valued at 155.7 billion yuan, growing by 4.6%, while the cat consumption market is at 144.5 billion yuan, increasing by 10.7% [4][14] - The demographic shift towards younger pet owners, particularly among the post-90s and post-00s generations, is driving demand for pet products and services. The post-90s account for 41.2% of pet owners, while the post-00s represent 25.6%, marking a significant increase of 15.5 percentage points year-on-year [5][18] - The online sales channel for pet food has become dominant, with over 80% of pet owners purchasing staple food through traditional online channels. The Taobao and Tmall platforms hold over 50% market share in the pet industry, with a significant increase in user engagement and sales [6][46] Summary by Sections Pet Industry Scale - The pet market is expanding, with the urban dog and cat consumption market surpassing 300 billion yuan for the first time. The growth is driven by the increasing number of young pet owners and their willingness to spend on pet care [4][14] - The pet population is also on the rise, with the number of pet dogs reaching 52.58 million and pet cats at 71.53 million in 2024, reflecting a growth of 1.6% and 2.5% respectively compared to 2023 [14][25] Online Channel Transformation - The e-commerce landscape for pet products is evolving, with a multi-polar structure forming. Taobao and Tmall dominate the online market, while Douyin (TikTok) is rapidly gaining traction, showing a 65% year-on-year growth in the pet category [6][52] - Major promotional events like Double Eleven have demonstrated strong consumer resilience, with significant increases in sales across various platforms, indicating a robust market for pet products [6][57] Offline Channel Upgrade - Offline retail for pet products is recovering, with a notable increase in the number of pet hospitals and stores. The offline channel accounts for 44% of total consumer spending in the pet industry, highlighting the importance of physical services [7][66] - The medical market for pets is substantial, comprising nearly 30% of the overall market share, with a rapid increase in the number of pet hospitals, totaling 28,975 by the end of 2024 [7][80] Investment Recommendations - The report suggests focusing on the dual themes of "domestic substitution and consumption upgrade" within the pet economy. Recommended stocks include: "Guibao Pet," "Petty Co.," "Zhongchong Co.," and "Lusi Co." [8]

Industry Rating - The industry rating is maintained at "Outperform" [2] Core Insights - The pet industry is experiencing significant growth, with the urban dog and cat consumption market reaching 300.2 billion RMB in 2024, a year-on-year increase of 7.5%. The dog consumption market is valued at 155.7 billion RMB, growing by 4.6%, while the cat consumption market is at 144.5 billion RMB, increasing by 10.7% [4][14] - The demographic shift towards younger pet owners, particularly those born in the 1990s and 2000s, is driving consumption upgrades and creating a robust demand for pet products and services [5][18] - The online sales channel for pet food has become dominant, with over 80% of pet owners purchasing staple food through traditional online channels, and the Taobao platform holding over 50% market share [6][46] - The offline retail market is recovering, with a significant portion of spending still occurring in physical stores, particularly for services like grooming and veterinary care [7][66] Summary by Sections Pet Industry Scale - The pet market is expanding, with the urban dog and cat consumption market surpassing 300 billion RMB, driven by a growing number of young pet owners [4][14] - The number of pet owners aged 00s has increased significantly, indicating a shift in consumer demographics [5][18] - The pet food market remains the largest segment, accounting for 52.8% of total consumption, followed by the medical market at 28.0% [24][84] Online Channel Transformation - The online channel is the primary sales avenue for pet food, with 80% of purchases made through traditional online platforms [6][43] - Taobao and Douyin are leading platforms, with Douyin's pet category experiencing a 65% year-on-year growth in 2024 [52][46] - The growth of live streaming and content-driven sales is enhancing consumer engagement and driving sales [43][52] Offline Channel Upgrade - Offline channels account for 44% of total pet spending, with a notable increase in service-oriented spending [66][71] - The number of pet stores has surpassed 90,000, indicating a robust growth in physical retail presence [75][76] - The medical market is a significant segment, with nearly 30% market share and a rapid increase in the number of veterinary clinics [80][84] Investment Recommendations - The report suggests focusing on domestic brands that are rapidly emerging in the pet food sector, recommending companies such as "Guibao Pet," "Petty Co.," "Zhongchong Co.," and "Lusi Co." as potential investment targets [8]

Core Viewpoint - The pet economy is rapidly emerging as a new growth sector within the youth economy, driven by increasing pet ownership among young people and their desire for social interaction and community engagement [1][5][9]. Industry Performance - The A-share market has shown a mild rebound, with the pet economy sector becoming a market hotspot, as evidenced by several listed companies reporting strong financial performance and high industry sentiment [1]. - Multiple "pet stocks" have seen price increases of up to 20% [1]. Youth Engagement - Research in Shanghai's Fengxian District indicates a significant rise in pet ownership among the 19 to 35 age group, positioning them as the primary pet owners [1][5]. - The integration of pets into social activities is enhancing youth engagement, as young people are more willing to socialize when accompanied by their pets [5][6]. Local Economic Development - Fengxian District is developing various pet-friendly businesses, including pet parks, themed farms, and pet-friendly accommodations, contributing to a complete pet industry chain with over 4,400 related enterprises and an output value exceeding 3 billion yuan [5][9]. - The district's initiatives have led to the establishment of a vibrant community around pet ownership, with events attracting significant participation from young people [6][7]. Community and Social Integration - The "pet economy" is evolving from a focus on individual consumption to a broader social and community-oriented model, facilitating connections among young people through shared pet-related activities [8][9]. - Events such as pet-themed markets and social gatherings are fostering a sense of community and enhancing local economic activity [6][8]. Future Prospects - The Fengxian District aims to be recognized as a national "pet-friendly demonstration area" by the end of 2024, highlighting its commitment to developing a sustainable pet economy that benefits both the community and local businesses [5][9].

Group 1 - The event "Opportunities in Business" and Pet Industry Supply-Demand Matching Conference was held in Longgang District, focusing on policy interpretation, cross-border resource promotion, product roadshows, supply-demand matching, and scenario promotion, attracting over 30 pet product-related companies [1] - Longgang District has gathered a number of excellent enterprises in the pet industry chain, including feeding, equipment, supplies, and medical services, and plans to develop new pet business formats and IPs by 2025 [1] - The pet consumption market in urban China is projected to reach 300.2 billion yuan by 2024, with Shenzhen's pet industry output value expected to be around 10 billion yuan, primarily in pet medical and smart products [3] Group 2 - The Longgang District is implementing supportive policies for the pet industry, including talent cultivation, financial services, and R&D investment, to enhance the development of pet product enterprises [3] - The pet industry accounts for 10% of the total foreign trade import and export volume in Longgang District, with initiatives like the establishment of a 1.68 million square meter overseas warehouse and the launch of a China-Europe freight train e-commerce express line to support international market expansion [3] - The event featured quality pet industry enterprises, including Shenzhen Xingri Industrial Co., Ltd., which specializes in a range of pet products, and Shenzhen Yanyuan Biotechnology Co., Ltd., focusing on AI inspection and molecular diagnostics in pet healthcare [5] Group 3 - The event introduced various pet-friendly scenarios, such as Datianshiju and Baolong Sports and Cultural Center, which provide new opportunities for pet product implementation and community engagement [5] - A dedicated pet enterprise contact group has been established in Baolong Street to facilitate ongoing connections and promote products through local platforms [6] - The event included direct interactions with procurement leaders from Walmart and Pupu Company, offering insights into procurement standards and supply chain management to help enterprises expand their market reach [5]

Market Overview - The Shanghai Composite Index closed at 3286.65 points, down 0.05%, with a trading volume of 430.88 billion yuan [1] - The Shenzhen Component Index closed at 9849.80 points, down 0.05%, with a trading volume of 591.24 billion yuan [1] - The ChiNext Index closed at 1931.94 points, down 0.13%, with a trading volume of 270.74 billion yuan [1] - The STAR 50 Index closed at 1003.87 points, up 0.1%, with a trading volume of 18.71 billion yuan [1] - Total trading volume for both markets was 1022.12 billion yuan, a decrease of 34.29 billion yuan from the previous trading day [1] Sector Performance - Strong sectors included beauty care, media, machinery, light industry manufacturing, chemicals, home appliances, jewelry, and computers [3] - Active concepts included PEEK materials, humanoid robots, hub motors, noise reduction, integrated die-casting for automobiles, pet economy, AI, fluorine chemicals, and antibacterial fabrics [3] - Weak sectors included electric power, insurance, oil and petrochemicals, coal, and banking [3] Stock Performance - A total of 3381 stocks rose, while 1588 stocks fell, with 129 stocks remaining flat and 52 stocks suspended [3] - 76 stocks hit the daily limit up, while 62 stocks hit the daily limit down [3] - Liou Co. had the highest limit-up order volume with 118 million shares, followed by other notable stocks [3][4] Fund Flow - The net outflow of main funds from the Shanghai and Shenzhen markets was 2.352 billion yuan [5] - The machinery equipment sector saw the highest net inflow of main funds, amounting to 2.317 billion yuan [6] - A total of 10 sectors experienced net inflows, while 21 sectors saw net outflows [6] Individual Stock Highlights - Liou Co. had the highest net inflow of main funds at 884 million yuan [8] - Other stocks with significant net inflows included Miao Yi Innovation and Sichuan Changhong [8] - 38 stocks experienced net outflows exceeding 1 billion yuan, with Shenghong Technology leading at 390 million yuan [10] Institutional Activity - Institutions had a net selling of approximately 42.47 million yuan, with 13 stocks seeing net purchases [11] - The top net purchase was for Da Ye Co. at approximately 44.54 million yuan [11]

据央视新闻报道，近几年，一种"免费领养"的模式在宠物圈迅速流行，吸引了大批爱宠人士参与其中。 但是不少消费者签了领养协议后却发现，领养的宠物有病不说，后续的付出也远超预期，想退还宠物， 还要赔上几千块钱。 没想到，现在一些不良商家利用消费者的爱心，把"免费领养"的套路都玩出花来了。你以为自己领养宠 物是爱心行为，商家却是为了让你长期购买宠粮，通过"宠粮月付"，锁住消费者每个月的消费。 宠物"免费领养"模式并不复杂：消费者在领养时，与商家签订协议，约定消费者在一定周期内，以"月 付"几百元的形式，在商家指定的网上商城购买猫粮等宠物用品。与传统的宠物交易相比，"免费领 养"模式看似有着公益属性，本质更像是"宠物贷"，是"金融产品"。 另外，一些消费者"月供"无法解套，也与相关支付平台不无关系。由于宠物、宠粮的买卖关系之外，还 嫁接了信用还款的合约关系，一旦逾期会影响到个人征信记录，这对消费者来说是一种"信用绑架"。所 以，相关平台也需要补上漏洞、完善监管，将保护消费者权益的动作做在前头。 数据显示，2024年中国城镇宠物数量已达1.2亿只，养宠已成为一种刚需和生活时尚。宠物经济，本质 上是一种"爱心消费"，无论如 ...

证券代码：001206 证券简称：依依股份 天津市依依卫生用品股份有限公司 2025 年 4 月 29 日投资者关系活动记录表 编号：2025-004 投 资 者 关 系 活 动 类 别 特定对象调研 分析师会议 媒体采访 业绩说明会 新闻发布会 路演活动 现场参观 其他 参 与 单 位 名 称 及 人 员姓名 投资者网上提问 时间 2025 年 4 月 29 日（周二）下午 15:00-17:00 地点 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net）采用网络远程 的方式召开业绩说明会 上 市 公 司 参 与 人 员 姓名 1、董事长兼总经理高福忠先生 2、董事、董事会秘书兼财务总监周丽娜女士 3、独立董事阎鹏先生 投 资 者 关 系 活 动 主 要 内 容 介 绍 投资者提出的问题及公司回复情况 公司就投资者在本次说明会中提出的问题进行了回复： Q1：请问公司目前的财务结构在开阔国内市场时有哪些优势，在面对 外部不确定风险时有哪些支撑？ 您好，公司始终坚守"稳健经营、高质量发展"的理念，财务安全边际 较高，凭借低负债杠杆以及充足的现金流，为市场渠道建设、品牌营销、产 品研发、储 ...