Core Viewpoint - The company has announced its 2024 annual profit distribution plan, which includes a cash dividend distribution and no stock bonus or capital reserve conversion [2][4]. Group 1: Profit Distribution Plan - The total cash dividend amount is RMB 28,257,069.00 (including tax), based on a total share capital of 190,890,000 shares, excluding 2,509,540 shares repurchased [2][4]. - The cash dividend per share is calculated as RMB 0.1480280, derived from the total cash dividend divided by the total share capital [4]. - The distribution will not include stock bonuses, and any remaining undistributed profits will be carried forward to the next fiscal year [2][4]. Group 2: Dividend Payment Details - The dividend distribution will be RMB 1.500000 per 10 shares for all shareholders, with different tax treatments for various categories of investors [2][3]. - The record date for the dividend distribution is June 26, 2025, and the ex-dividend date is June 27, 2025 [3]. - The cash dividends will be directly credited to the shareholders' accounts through their custodial securities companies [4]. Group 3: Adjustments and Conditions - The company will maintain the per-share distribution ratio even if there are changes in total share capital due to stock incentives or refinancing [2]. - The minimum selling price restriction for major shareholders will be adjusted accordingly after the ex-dividend date [5].

数说宠物：618 中表现亮眼的那些宠物品牌 20250618 摘要 2025 年 618 期间，淘宝天猫推出全平台商品统一立减 15%政策，京东 延续满减策略，政府补贴助力消费，促销方式简化，品牌力和高质价比 成竞争核心，价格战退居次要地位。 宠物行业在 2025 年 618 表现突出，天猫首日首小时 43 个品牌成交额 破亿，同比增长超 50%，1.3 万品牌成交翻倍。京东心动季核心用户留 存带来增量，显示宠物市场强劲增长势头。 线上品牌 500 强榜单中，宠物行业 12 个品牌上榜，国产品牌占据 10 席，表明中国消费者对国产宠物品牌信赖度提高，国产宠物品牌通过线 上渠道快速迭代产品。 淘宝天猫宠物品牌在 618 首小时表现亮眼，653 个品牌成交额翻倍，9 个品牌进入千万俱乐部，烘焙粮引领增长。宠物主粮市场中，烘焙干粮 成为增长核心，高溢价湿粮等产品也呈现增长趋势。 新兴烘焙干粮品类在 618 期间表现突出，新朗、弗列加特等品牌成交额 显著增长。细分赛道如植物猫砂、风干粮、生骨肉主食罐等也实现高速 增长，显示消费者对创新宠物产品的需求。 根据艾瑞咨询提供的数据，今年（2025 年）618 期间宠物行业表 ...

Group 1 - The "618" e-commerce promotion has concluded, with multiple platforms reporting record-high order numbers from participating users [1] - JD.com reported that as of June 18, 23:59, the number of orders on its platform during "618" increased by over 100% year-on-year, leading the industry, with total orders exceeding 2.2 billion [1] - Alibaba's Tmall simplified its promotional strategies, achieving double-digit growth in the number of purchasing users throughout the "618" period, with beauty, apparel, home appliances, and 3C digital products leading in transaction scale and growth [1] Group 2 - The "old-for-new" policy, combined with platform discounts and national subsidies, significantly boosted sales in categories like computers, home appliances, and home decor during "618," with photography equipment achieving nearly 100 million yuan in sales and a year-on-year growth of 22.55% [1] - Consumers are increasingly replacing high-energy-consuming old products with smart, low-carbon new ones, reflecting a dual win for the "replacement trend" and "environmental protection" [2] - The "618" and "Double 11" promotions serve as critical windows for observing emerging industry trends, with categories like trendy toys, jewelry, pets, and alcoholic beverages showing high growth during this year's "618" [2]

Group 1 - Tmall's 618 event saw a significant increase in user scale and activity, with 453 brands achieving over 100 million yuan in sales, a 24% year-on-year growth [1] - High-value consumer group 88VIP members exceeded 50 million, marking a new high, while brand membership increased by 15%, with member average spending 1.93 times the overall industry average [1] - The home appliance and 3C digital sectors experienced explosive growth, with total sales for participating categories up 116% compared to last year's Double 11, and over 9,200 brands doubling their sales [1] Group 2 - Quality live streaming has become a new industry standard, with 81 live streaming rooms achieving over 100 million yuan in sales, and the number of live streaming rooms exceeding 10 million yuan increased by 21% year-on-year [2] - Emerging sectors such as trendy toys, jewelry, pets, and beverages are identified as high-growth trends during this year's Tmall 618 [3] - The event focused on quality improvement and efficiency, simplifying the shopping experience while supporting quality and original brands through various resources [3]

Core Viewpoint - The pet economy is experiencing significant growth, driven by emotional connections for single youths and companionship for the elderly, leading to a billion-dollar market expansion. Companies are adopting various strategic paths to capture this emerging market [2][4]. Company Analysis Tianyuan Pet (301335.SZ) - Tianyuan Pet is actively pursuing mergers and acquisitions to enhance its competitive edge, having acquired e-commerce service provider Taotong Technology and B2B platform "Itpin" in early 2025 [2]. - The company faces challenges with a more than 40% year-on-year decline in net profit for 2024, attributed to low profit margins in pet food and high overseas warehousing costs [2]. - There are concerns regarding Tianyuan Pet's ability to improve profitability in 2025, especially with online sales accounting for less than 10% of total sales [2][4]. Zhongchong Co., Ltd. - Zhongchong Co., Ltd. reported a 68.89% year-on-year increase in net profit for 2024, driven by its proprietary brands "Wangpi" and "ZEAL" [3]. - The company's global expansion strategy, including production facilities in the U.S. and Canada, effectively mitigates tariff risks and enhances supply chain resilience [3]. - Online sales have surged, particularly on platforms like Tmall and Douyin, with significant sales increases during promotional events [3]. Industry Trends - The pet economy reflects a broader trend of consumer upgrading, shifting from basic pet care to high-quality products such as functional pet food and smart feeding devices [3]. - The industry is entering a "large industry, small leaders" phase, with increasing market concentration favoring companies with brand premium and channel advantages [4]. - Despite the industry's growth, challenges such as intensified competition in high-end pet medical and smart products, as well as rising issues of pet abandonment, pose significant concerns for the sector [4].

阿里国际站将依托其强大的数字化能力与确定性资源整合，联手台州产地伙伴，助力企业破解竞争加剧、利润压缩等难题，实现低成本、高效率的全球化 布局。中心将深度激活台州家居收纳、水泵、眼镜、宠物等优势产业带，预计未来将汇聚超6000种产品、800余家供应商，为商家提供快速拓市获客、AI 智能选品、品牌出海溢价保障等全维度支持。 台州市商务局相关负责人表示："全国首个阿里国际站选品中心落户台州意义重大，这种'跨境电商+产业带'的创新模式，将充分释放台州制造优势，让更 多'台州好货'高效通达全球市场，有力推动产业转型升级。" ref 200 lin p-1 u | u 展局面是存在 Schilder Let stoleholder de la be the latest of the latest of the 12 ble fir "最高之后"一名特币 业总分""我"之乡""重声人表"。凡夫英文主要 "中国特产之乡"官书、使"四九麻"成为世界军产品 the first from the first to the HL 2 m F 6月18日，全国首家阿里国际站选品中心开业仪式暨心海国际跨境电商产业园开园仪式在椒江区心海 ...

Core Insights - The pet consumption sector has shown strong growth during the 618 shopping festival, with significant contributions from live streaming platforms, particularly Li Jiaqi's channel, where pet product sales increased by 73% year-on-year [1][4]. Group 1: Pet Consumption Trends - There is a noticeable shift in pet consumption from basic needs to quality-oriented purchases, driven by the popularization of scientific pet care concepts [4]. - Li Jiaqi's live streaming has become a key driver in this transition, with a significant portion of pet product sales, specifically 87%, consisting of pet food [4][5]. - Consumers are increasingly focused on the quality of ingredients, production processes, and suitability for different pet types and sizes, which influences product selection in Li Jiaqi's live streams [4]. Group 2: Product Offerings and Consumer Preferences - During the 618 shopping festival, Li Jiaqi's channel offered a diverse range of pet food options, emphasizing both formulation and production quality to meet health needs [5]. - Domestic brands have gained particular favor among consumers in the pet category, reflecting a trend towards high-quality, cost-effective local products [5]. - The success of Li Jiaqi's live streaming platform highlights the rise of domestic brands and their appeal to consumers seeking value and quality [5]. Group 3: Future Outlook - As consumer demand for pet health and quality living continues to rise, Li Jiaqi's live streaming channel is expected to maintain its influential role in providing high-quality pet products [5].

央视网消息：暑期将至，旅游黄金期也拉开序幕，如今越来越多的公共场合对宠物敞开大门。记者发现，今年"携宠出行"成为越来越多消费者的选择，不少 旅游目的地结合地域特色，专门推出了宠物专属特色游项目，成为拉动文旅消费的新引擎。 在秦皇岛阿那亚西港航海中心，一场以宠物狗为主角的航海日活动扬帆启航。今年夏季，当地推出"宠物友好型"航海旅游，吸引大量爱宠人士参与。 除了专属航海项目，不少酒店还提供宠物专属客房和游乐项目，针对宠物入住的房间，提供专门的清洁服务，并且配备宠物管家跟随。据了解，今年入夏以 来，秦皇岛已累计接待1500多组养宠客户，直接拉动消费超2000万元。 秦皇岛某酒店店长 赵宁：现在基本是满房状态，为了更好地服务有宠物的群体，我们还将举办主题活动，持续丰富宠物文旅消费场景。 不仅在上海，现在南昌、顺德等地，都涌现出大量"宠物友好型"商圈，这些商圈提供宠物饮水台，粘毛器等设备，方便带宠出行的消费者。此外，还有一些 主题公园，瞄准了宠物和主人同行时的多元化需求，在提供宠物寄养、日托、训练、专业护理等"全流程"服务，不少消费者都是专程前来。 在上海，首条"携宠定制专线"日前开始运行，每周六、日发车，沿途串联起多 ...

"周末带着狗狗玩一场穿搭秀，顺便逛逛宠物用品超市，隔壁就是宠物罐头的生产车间，要不要来看 看？"90后曾尧是浙江平阳县人，遇上养宠物的朋友，推荐起了自己的宝藏家乡。 平阳山清水秀，一条鳌江穿城而过。从乡间民宿里的狗屋猫砂，到映入眼帘的主题墙绘……地处山区的 平阳，宠物元素随处可见。 "以前连鱼都不敢吃，池塘里的水都是蓝黑色的。"曾尧平时喜欢到江边走走，儿时的记忆中，这里满是 制革污水的味道。20多年前，平阳最红火的是皮革生意，制革企业多达1200多家。皮革生意为当地创造 财富的同时，也造成了严重污染。转型升级迫在眉睫。 "上世纪90年代，有客商找我们收猪皮、牛皮的边角料，才知道这些东西能做宠物咬胶！"平阳县水头镇 人陈振标说。后来他创办了佩蒂皮件制品厂，利用皮革二、三层边角料制成高蛋白宠物用品。 现在，水头镇宠乐路上，隔路相望的两家宠物用品上市公司的产品已出口海外。2024年，平阳近100家 宠物用品企业共创造了50多亿元产值。其中，宠物咬胶食品出口额占全国总量一半以上，宠物牵引绳产 量占据国内市场的1/3。 走进佩蒂动物营养科技股份有限公司的生产车间，宠物新型主粮生产线上，工人们将鸭肉、鸡肉、牛肉 等原材料 ...

● 本报记者王辉 证券私募行业近期业绩与仓位"双线走高"。来自第三方机构的监测数据显示，今年以来证券私募行业整 体业绩表现亮眼。与此同时，随着投资信心的增强，百亿级股票私募持续加仓，平均仓位水平已悄然攀 升至接近80%的年内高位。这一举措的背后，既反映出机构对政策面和经济预期的积极研判，也体现了 私募对当前A股估值吸引力的普遍认可。从重点投资方向来看，科技、新消费、贵金属等板块以及红利 资产，成为不少私募机构的加仓重点。从核心逻辑来看，私募机构普遍关注投资的"确定性"。 股票策略产品前五个月平均盈利近5% 来自第三方机构私募排排网的最新监测数据显示，截至5月31日，有业绩记录的12843只私募证券产品， 今年前五个月的平均收益率为4.34%；其中9608只产品实现正收益，占比为74.81%。 与此同时，在私募五大投资策略(股票策略、多资产策略、期货及衍生品策略、组合基金策略、债券策 略)产品中，股票策略产品今年前五个月的业绩领跑。有业绩记录的8487只股票策略私募产品，今年以 来平均收益率为4.81%，在五大策略中排名第一。其中，6238只产品在今年前五个月实现正收益，占比 为73.50%。 从今年前五个月私 ...