Core Viewpoint - Yiyi Co., Ltd. is actively expanding its presence in the pet market through strategic acquisitions and investments, aiming to become a comprehensive leader in the pet industry by integrating products, food, and medical services [2][5]. Group 1: Recent Actions - On October 13, Yiyi Co. announced the acquisition of Hangzhou Gaoye Family Pet Food Co., Ltd. [2] - On October 16, Yiyi Co. revealed a joint investment with Beijing Fangyuan Jinding Investment Management Co., Ltd. in a venture capital partnership with a total planned scale of 156.54 million RMB, where Yiyi Co. will contribute 70.20 million RMB, accounting for 44.84% of the partnership [2]. Group 2: Business Overview - Yiyi Co. is a leading enterprise in the disposable pet hygiene products sector, primarily producing pet pads and pet diapers, and has long provided OEM services for various international pet brands [4]. - As of the first half of 2025, disposable pet hygiene products accounted for 93.91% of Yiyi Co.'s revenue, with 93.47% of its income derived from overseas markets [4]. Group 3: Investment Targets - The investment target, Ruipai Pet Hospital, operates a large chain of pet hospitals with nearly 600 stores across 27 provinces and over 70 cities in China [4]. - Ruipai Pet Hospital has attracted investments from several major domestic and international investors and is rumored to be planning an IPO in Hong Kong [4]. Group 4: Strategic Implications - The successful completion of the acquisition of Gaoye Family and the investment in Ruipai will position Yiyi Co. as a leader in the "products + food + medical" segments of the domestic pet industry, reducing its reliance on overseas markets and OEM products [5]. - As of October 13, Yiyi Co.'s stock has increased by 118.91% this year, indicating strong market performance [5].

Core Insights - The recent actions of Yiyi Co., a leading company in the pet hygiene products sector, indicate its ambition to expand within the pet market [3] - Yiyi Co. has announced the acquisition of Hangzhou Gaoye Family Pet Food Co. and a joint investment in a venture capital fund targeting Ruipai Pet Hospital Management Co. [1][3] Group 1: Company Actions - Yiyi Co. announced the acquisition of Hangzhou Gaoye Family Pet Food Co. on October 13, followed by a joint investment with Beijing Fangyuan Jinding Investment Management Co. on October 16 [1] - The total scale of the venture capital fund is set at 156.54 million RMB, with Yiyi Co. contributing 70.20 million RMB, representing a 44.84% stake [1] Group 2: Market Position and Strategy - Yiyi Co. is a leader in the disposable pet hygiene products market, with 93.91% of its revenue coming from these products as of the first half of 2025 [1] - The company generates 93.47% of its revenue from international markets, indicating a strong reliance on overseas sales [1] Group 3: Investment Targets - Ruipai Pet Hospital operates nearly 600 stores across 27 provinces and over 70 cities in China, positioning it as a significant player in the pet healthcare sector [1] - Ruipai has attracted investments from various domestic and international investors and is rumored to be planning an IPO in Hong Kong [1] Group 4: Future Outlook - If the acquisition of Gaoye Family and the investment in Ruipai are successful, Yiyi Co. aims to become a comprehensive leader in the domestic pet industry, covering products, food, and medical services [3] - Yiyi Co. is currently suspended from trading, with plans to resume by October 28, 2025, and has seen a cumulative stock increase of 118.91% this year as of October 13 [3]