Core Insights - The pet industry in China has reached a scale of over 300 billion yuan, with the number of pet dogs and cats surpassing 140 million, indicating a significant rise in the "pet economy" and emotional consumption trends [1] - The Yangtze River Delta (YRD) region is identified as the core growth area for this trend, with cities like Shanghai, Hangzhou, and Nanjing showing higher pet consumption levels than the national average [1] Upstream - The YRD has established itself as the largest pet product manufacturing base in China, with over 1,200 companies in regions like Nantong and Huai'an [2] - In the first half of this year, Huai'an's pet product exports reached 58.38 million yuan, a 40.2% increase year-on-year [2] - Anhui's Hefei is developing large-scale industrial parks to provide stable, low-cost supplies for brand and channel partners, with an expected annual output value of 6 billion yuan [2] Midstream - Zhejiang enterprises are leveraging e-commerce to transform "YRD manufacturing" into "global consumption," with Yiwu's pet product sales reaching 3 billion yuan, accounting for about 15% of national exports [3] - Companies like Petty and Tianyuan Pet are achieving dual growth through online and offline integration, social e-commerce, and IP marketing [3] - During the 2024 "Double 11" shopping festival, Petty's brand "Jueyan" achieved over 10 million yuan in sales within the first four hours [3] Downstream - Shanghai's pet consumption market is valued between 23 billion to 25 billion yuan, growing at an annual rate of 10% to 15%, representing nearly 8% of the national market [4] - The number of new pet stores on Meituan's platform exceeded 25,000 in 2023, with order volume increasing by over 60% year-on-year [4] - The pet technology market is projected to exceed 30 billion yuan in 2024, with a penetration rate expected to reach 30% by 2025 [4] Challenges - Despite rapid growth, the YRD faces issues such as regional structural mismatches, lack of industry standards, and lagging urban governance [5] - The pet industry exhibits a weak brand presence and service chain inefficiencies, with many manufacturers relying on OEM production and lacking high-end pricing capabilities [6] - There is a significant regulatory gap in areas like pet healthcare and insurance, with a pet insurance penetration rate below 5%, compared to 25% in Japan and 30% in Europe and the U.S. [7] Recommendations - To enhance the pet economy's sustainability, it is suggested to establish a collaborative mechanism for pet economy and animal welfare within the YRD, focusing on standardization across various sectors [8] - The development of "pet-friendly demonstration communities" is recommended to integrate pet services into urban planning, enhancing convenience for pet owners [8] - A "YRD Pet Industry Innovation Fund" is proposed to support the development of pet healthcare devices and services, aiming to improve market efficiency and insurance penetration [9]

Core Viewpoint - China Mobile has launched the "Mobile Pet" product in Beijing, focusing on addressing common pain points for pet owners, including pet loss, lack of scientific feeding knowledge, and separation anxiety between pets and owners [1] Group 1: Product Features - The "Mobile Pet" product aims to create six scenario-based solutions to provide a one-stop service that offers "intelligence, warmth, and safety" for pet-owning families [1] - The product is based on a "connection + hardware + application + rights" framework, providing multi-scenario services for pets and their owners [1] Group 2: Market Context - The pet economy in China has been rapidly growing in recent years, indicating a strong market potential for pet-related services and products [1] Group 3: Future Plans - China Mobile plans to deepen its investment in pet technology, continuously launching innovative products and services [1] - The company will increase investment in technology research and development, enhancing the application of AI and IoT in pet products to provide intelligent and personalized care experiences [1] - China Mobile aims to expand collaborations with pet hospitals, smart device manufacturers, and pet service providers to build a diversified service matrix [1]

Core Insights - China Mobile launched the "Mobile Pet" product on September 28, addressing common issues faced by pet owners such as pet loss, lack of scientific feeding knowledge, and separation anxiety [1][4] - The product offers six scenario-based solutions to provide a one-stop service that emphasizes "intelligence, warmth, and safety" for millions of pet-owning families [1][4] Product Features - "Mobile Pet" is built on a "connection + hardware + application + rights" framework, offering six types of scenario-based services, with functionalities available on the Mobile Love Home APP [4] - Users can control smart devices like smart water dispensers, feeders, and litter boxes remotely, enabling features such as remote feeding, water circulation, automatic waste disposal, and smart reminders for scientific feeding [4] - Health monitoring devices track pets' movements, set electronic fences, and assist in locating lost pets, while electronic dog tags serve as identification for pets [4] - The "AI Pet Report" compiles key data on pets' diet, hydration, and exercise, providing health insights and smart pet care suggestions [4] - The AI assistant offers scientific pet care answers and supports voice interaction, while pet cameras provide new perspectives on pets' activities [4] Market Integration and Partnerships - The "Mobile Pet" product integrates 16 smart hardware items and offers 48 pet rights services, including pet insurance, food, and grooming [7] - Since May, pilot programs have been launched in 17 provinces [7] - China Mobile, in collaboration with the Beijing Love It Animal Protection Public Welfare Foundation, initiated the "Small Stray Full Meal Action," allowing users to participate through the APP and earn points for donating food to support animal rescue efforts [7] - The company plans to deepen its investment in pet technology, focusing on AI and IoT applications in pet products, and aims to expand partnerships with pet hospitals, smart device manufacturers, and pet service providers [7]

Core Viewpoint - China Mobile has launched the "Mobile Pet" product to address common issues faced by pet owners, such as pet loss, scientific feeding knowledge gaps, and separation anxiety, providing a comprehensive one-stop service for millions of pet families [1][2]. Group 1: Product Features - The "Mobile Pet" product offers six scenario-based solutions, focusing on smart pet care, digital tracking, technological protection, emotional companionship, and convenient living for pets [1][2]. - The product integrates 16 smart hardware devices, including health monitoring collars and smart feeding devices, along with 48 pet service rights covering insurance, food, and grooming [3]. Group 2: Market Response and Pilot Programs - Since May, 17 provinces have initiated pilot programs for the "Mobile Pet" product, with positive market feedback, particularly in Jiangxi for pet insurance, Beijing for grooming, and Hebei and Shanghai for smart hardware [3]. Group 3: Social Responsibility and Future Plans - China Mobile has partnered with the Beijing Love It Animal Protection Public Welfare Foundation to launch the "Small Stray Full Meal Action," allowing users to participate in charity through the mobile app [3]. - The company plans to deepen its investment in pet technology, enhancing AI and IoT applications in pet products, and expanding partnerships with pet hospitals and service providers to create a diversified service matrix [3].

在上海新国际博览中心的E1展馆内，优克联展台的演示屏幕上，一只柯基犬在做出高频习惯动作后， 随即触发项圈上的智能设备，与异地出差的宠物主开始了远程语音"通话"。这不是科幻电影场景，而是 第27届亚洲宠物展览会上的真实一幕。 8月21日上午9时，中国证券报记者在展馆外看到，观众已排起长龙。2600多家展商、31万平方米展览面 积、预计超过51万的参观人次……这些数字背后，是一个正在高速发展的"它经济"市场，而智能化是支 撑其高质量扩容的重要引擎。 "通过训练宠物做出特定动作，例如连续跳跃等，这款智能设备就能识别指令并向主人发起通话。"优克 联展台相关工作人员告诉记者，这款智能设备完全打破了传统定位器的功能边界，实现了本质突破，可 以构建起人宠双向实时通话的全新交互维度。 "依托宠物端可穿戴智能硬件与主人端App的协同架构，从户外精准寻宠、远程互动安抚，到健康数据 预警、日常趣味沟通，其全场景覆盖能力重新定义了宠物智能设备的价值维度。这种以情感交互为核心 的智能硬件模式，有望改写行业对'宠物科技'的认知边界。"上述工作人员表示。 随着养宠人群逐渐年轻化，宠物经济正从"喂饱就行"的基础需求，过渡到"精致养宠"的情感 ...

Core Insights - The 27th Asia Pet Expo showcases a rapidly growing "pet economy" market, with over 2,600 exhibitors and an expected attendance of over 510,000 visitors, highlighting the importance of smart technology in driving high-quality expansion [1] Group 1: Smart Pet Technology - The expo features cutting-edge pet technology, including the world's first pet smartphone, PetPhone, which supports AI real-time communication and health monitoring, utilizing advanced positioning technology for global accuracy [2] - The emotional interaction-focused smart hardware model is expected to redefine the value of pet technology, moving beyond traditional functionalities to create a new dimension of human-pet communication [2] Group 2: Evolving Pet Economy - The pet economy is transitioning from basic needs to emotional consumption, accelerating the arrival of a smart pet-keeping era, as evidenced by innovative products like the mobile monitoring system and a multifunctional pet food processor [3] - The introduction of various intelligent products, such as automatic cat litter boxes and smart pet living pods, showcases the technological transformation within the pet economy [3] Group 3: Supply Chain Innovations - The pet economy's supply chain is increasingly adopting smart technologies, with companies like Bühler showcasing innovations in pet food processing equipment to enhance hygiene and efficiency [4] - The integration of AI and big data in traditional production models is driving digital transformation in the pet food processing sector, enabling smarter and more efficient production processes [4] - Logistics solutions tailored for the pet industry, such as those from SF Express, are addressing supply chain challenges and enhancing operational efficiency through smart warehousing and logistics [5]

Company Overview - Shenzhen Youyou Smart Pet Technology Co., Ltd. has been established with a registered capital of 10 million RMB [1] - The legal representative is Fu Chunbing, and the company is held by Shenzhen Yuanyue Investment Co., Ltd. (67%) and Shenzhen Qinghe Cloud Technology Co., Ltd. (33%) [1] Business Scope - The company engages in various activities including technology services, development, consulting, and transfer, as well as retail of pet food and supplies [1] - Additional services include pet services (excluding animal diagnosis), software development, research and development of intelligent robots, and sales of mechanical equipment [1] - The company also provides digital technology services, equipment leasing, advertising design, data processing services, and Internet information services [1] Industry Classification - The company falls under the national standard industry of information transmission, software, and information technology services, specifically in software development [1] - The business address is located in Huaqiang Science and Technology Innovation Plaza, Shenzhen [1]