Core Insights - Anhui Yunchong Shiguang Pet Supplies Co., Ltd. has been established with a registered capital of 5 million RMB [1] - The company is involved in a wide range of activities including pet food and supplies retail and wholesale, as well as various manufacturing sectors [1] Company Overview - The legal representative of the company is Liu Xiaoming [1] - The company’s business scope includes general operations such as clothing manufacturing, paper products manufacturing, and pet food and supplies retail and wholesale [1] - The company is also engaged in the manufacturing of household textile products, toys, and cultural and artistic exchange activities [1] Regulatory Aspects - The company has both general and licensed business operations, with licensed activities including food production, food sales, and feed production [1] - Specific projects that require approval from relevant authorities must be conducted in accordance with the approved documents or permits [1]

Core Viewpoint - Changzhou Senjia New Pet Supplies Co., Ltd. has been established with a registered capital of 10,000 RMB, indicating a new player in the pet supplies market [1] Company Summary - The legal representative of the company is Wu Xiaojing, which may suggest a local leadership presence [1] - The company’s business scope includes wholesale and retail of pet food and supplies, indicating a focus on both distribution channels [1] - Additional activities include sales of daily miscellaneous goods, internet sales (excluding licensed goods), textiles, home appliances, sports goods, import and export of goods, and technology [1]

天眼查App显示，近日，徐州艾美家宠物用品有限公司成立，法定代表人为毕宗强，注册资本50万人民 币，经营范围为一般项目：宠物食品及用品零售；宠物食品及用品批发；宠物服务（不含动物诊疗）； 宠物销售（不含犬类）；日用杂品销售；饲料添加剂销售；食品销售（仅销售预包装食品）；玩具销 售；塑料制品销售；电子产品销售；日用木制品销售；互联网销售（除销售需要许可的商品）；包装材 料及制品销售；技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；信息咨询服务（不 含许可类信息咨询服务）（除依法须经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

天眼查App显示，近日，保定森比宠物用品有限公司成立，法定代表人为张庆云，注册资本50万人民 币，经营范围为一般项目：宠物食品及用品批发;宠物食品及用品零售;饲料添加剂销售;日用杂品销售; 互联网销售（除销售需要许可的商品）;服装服饰批发;办公用品销售;国内贸易代理;电子产品销售;日用 百货销售;化妆品批发;卫生用品和一次性使用医疗用品销售;母婴用品销售;工艺美术品及收藏品批发 （象牙及其制品除外）;货物进出口;技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广 （除依法须经批准的项目外，凭营业执照依法自主开展经营活动）许可项目：在线数据处理与交易处理 业务（经营类电子商务）（依法须经批准的项目，经相关部门批准后方可开展经营活动，具体经营项目 以批准文件或许可证件为准）。 ...

天眼查App显示，近日，石家庄遇小优宠物用品有限公司成立，法定代表人为曹晓锦，注册资本1万人 民币，经营范围为一般项目：宠物食品及用品零售;互联网销售（除销售需要许可的商品）;技术服务、 技术开发、技术咨询、技术交流、技术转让、技术推广;宠物食品及用品批发;饲料添加剂销售;畜牧渔业 饲料销售（除依法须经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

Core Insights - The 138th China Import and Export Fair (Canton Fair) is currently taking place in Guangzhou, focusing on the theme of "Beautiful Life" and showcasing a wide range of pet products that are attracting international buyers [3][5][7]. Industry Overview - The pet product sector is highlighted at the fair, featuring items from cute pet toys to smart automatic feeders, indicating a growing interest and demand in this market [3][5][7]. - International buyers are actively engaging with exhibitors, inquiring about prices and placing orders, which suggests a robust market for pet products globally [3][5][8].

Core Viewpoint - The performance of the new consumption sector shows significant divergence, with companies like Pop Mart achieving impressive growth, while the capital market does not seem to respond positively, leading to a stark contrast between "performance growth and valuation adjustment" [1] Group 1: IP Economy Performance - Pop Mart's Q3 2025 financial report shows a substantial revenue increase of 245%-250% year-on-year, continuing its high growth trend from the first half of the year [3] - In the Chinese market, Q3 revenue grew by 185%-190%, with online channels surging by 300%-305% and offline channels increasing by 130%-135% [3] - The overseas market saw even more remarkable growth, with overall revenue up by 365%-370%, and the Americas market skyrocketing by 1265%-1270% [3] - Light Media, a leading company in the IP economy, reported a 150.81% increase in revenue to 3.616 billion yuan and a 406.78% rise in net profit to 2.336 billion yuan for the first three quarters [4] - Despite these impressive results, companies like Pop Mart and Light Media experienced notable stock price adjustments, indicating that the market is more focused on sustainable growth potential and the ability to localize operations in overseas markets [4] Group 2: Pet Economy Growth - The pet economy has been a favored sector in the capital market, with companies like Zhongchong Co. and Guai Bao Pet seeing stock price increases until recently, when performance growth began to slow [6] - Zhongchong Co. reported a revenue of 3.860 billion yuan for the first three quarters, a year-on-year increase of 21.05%, and a net profit of 333 million yuan, up 18.21% [7] - Guai Bao Pet achieved a revenue of 4.737 billion yuan, a 29.03% increase, and a net profit of 513 million yuan, up 9.05% [8] - The pet market in China is still in its early stages compared to developed countries, with significant opportunities for growth as consumer demand diversifies [8][9] Group 3: Beauty Economy Decline - Companies in the beauty economy, such as Aimeike, Huaxi Biological, and Beitaini, are facing dual challenges of declining performance and valuation adjustments [10] - Aimeike's Q3 report shows a revenue of 1.865 billion yuan, down 21.49%, and a net profit of 1.093 billion yuan, down 31.05% [12] - Huaxi Biological reported a total revenue of 3.163 billion yuan, a decrease of 18.36%, and a net profit of 252 million yuan, down 30.29% [13] - Beitaini's revenue for the first three quarters was 3.464 billion yuan, down 13.78%, with a net profit of 272 million yuan, down 34.45% [14] - The medical beauty industry is experiencing a strategic transformation, with a focus on high-end markets and product innovation, which may provide growth opportunities in the future [15]

Group 1: Industry Trends - The 138th Canton Fair is showcasing a strong demand for health, emotional, and aesthetic products from Chinese enterprises, aiming to expand their global market presence [1][3] - The Chinese nutrition and health products industry is experiencing robust growth, with export value reaching $2.251 billion in the first half of 2025, marking a 9.9% year-on-year increase [1] - The concept of "emotional consumption" is emerging as a new highlight in the foreign trade market, with a focus on products that provide emotional value and resonance [7] Group 2: Company Innovations - Zhongke Health Industry Group is leveraging the Canton Fair to expand its market into Europe and the Middle East, enhancing its product innovation in plant extraction and compliance with international standards [3] - Guangdong Wolaite Technology Co., Ltd. is presenting a smart body fat scale that generates a comprehensive body composition analysis report, attracting significant interest from buyers [3] - Shandong Xinhua Silicon Gel Co., Ltd. has developed a cat litter product that monitors pet health by changing color based on urine pH levels, achieving high sales in North America and Europe [4] - Zhejiang Taipusen Industrial Group has introduced a new pet cage design that emphasizes portability and comfort for pets, utilizing durable materials [5]

天眼查App显示，近日，保定喵宠宠物用品有限公司成立，法定代表人为苏红丽，注册资本20万人民 币，经营范围为一般项目：宠物食品及用品批发;宠物食品及用品零售;箱包销售;服装服饰批发;服装服 饰零售;化妆品批发;化妆品零售;日用百货销售;日用品批发;家居用品销售;针纺织品销售;珠宝首饰零售; 体育用品及器材零售;日用家电零售;家用电器销售;母婴用品销售;鞋帽零售;鞋帽批发;办公用品销售;办公 设备销售;礼品花卉销售;宠物销售;工艺美术品及礼仪用品销售（象牙及其制品除外）;互联网销售（除 销售需要许可的商品）;技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广;图文设计制 作;平面设计;广告制作;广告发布;广告设计、代理;市场营销策划;信息咨询服务（不含许可类信息咨询服 务）;国内货物运输代理;货物进出口;技术进出口（除依法须经批准的项目外，凭营业执照依法自主开展 经营活动）。 ...

Core Insights - A new company, Beijia Pet Supplies (Tangshan) Co., Ltd., has been established with a registered capital of 5.8 million RMB [1] Company Overview - The legal representative of the company is Wu Pinliang [1] - The company operates in various sectors including the manufacturing of daily miscellaneous goods, metal daily necessities, and pet food and supplies wholesale [1] - The company is involved in retail and sales of pet food and supplies, as well as various other products such as paper and plastic goods [1] Business Activities - The business scope includes general projects such as advertising production, publication, design, and digital advertising [1] - The company is also engaged in import and export activities, domestic trade agency, and domestic cargo transportation agency [1] - It provides ordinary cargo storage services, excluding hazardous chemicals and other projects requiring approval [1]