Group 1: New Consumption Trends - The core driving force of new consumption lies in a deep understanding of "people" and value resonance, with five key investment opportunities identified [2] - The new consumption index in the capital market has performed well, driven by generational shifts and consumption upgrades, indicating a profound structural transformation in the Chinese consumer market [1][2] - Key sectors include trendy toys, pets, tea beverages, discount retail, and AI consumption, with emotional and companionship economies showing significant potential [2] Group 2: AI and Digital Assets - AI is driving a shift from "software as a service" to "results as a service," with advancements in AI Agent technology leading to greater autonomy and personalized experiences [1] - Stablecoins are reshaping societal perceptions and usage of currency due to their stability, speed, accessibility, and practicality [1] Group 3: Energy Transition and Nuclear Fusion - The nuclear fusion industry is approaching a critical point of transitioning from scientific research to engineering practice and commercial application, with significant potential for investment [3] - High-temperature superconducting materials are key to breakthroughs in nuclear fusion, with the industry projected to have a trillion-dollar market potential [3] - The existing nuclear power industry has potential technology transfer value and synergies with the development of fusion technology [3]

Group 1 - The core viewpoint of the article highlights the collaboration between Shandong and Zhejiang pet industry associations, focusing on the full industry chain innovation and brand strategy upgrade in the pet industry [2] - The Zhejiang exchange delegation visited leading companies such as Petstar and Tianyuan Pet Products, emphasizing the importance of product display and corporate culture [2] - Tianyuan Pet Products is a comprehensive enterprise specializing in the design, development, production, and sales of pet products, covering a wide range of categories including pet beds, toys, clothing, and food [2] Group 2 - Tianyuan Pet Products is actively expanding its business by investing in R&D, with a professional team that has developed nine product categories and holds over 200 domestic and international patents [3] - The company focuses on the lifestyle habits of pets and the interaction needs between pets and owners, continuously developing innovative products that meet various usage scenarios [3] - Tianyuan Pet has established four production bases globally, utilizing intelligent production lines and a strict quality control system to enhance its core competitiveness [3] Group 3 - The company is expanding its international market presence by leveraging platforms like the Canton Fair, establishing long-term partnerships with well-known international retailers and e-commerce platforms [3] - Tianyuan Pet has a presence in over 100 countries and regions, enhancing its brand influence through local market integration [3] - The company has developed multiple well-known brands such as Petstar and Xiaoshouxing, offering over 30,000 different SKUs to provide competitive pricing and quality products [4] Group 4 - The rapid development of Tianyuan Pet reflects the strategic transformation of China's pet industry from traditional manufacturing to comprehensive services [4] - The company is poised to benefit from new consumption trends and the growing pet economy, indicating a promising opportunity for accelerated growth in the pet industry [4]

当消费者愿意为自己的开心买单，背后的经济产业链便悄然诞生。在南方都市报·湾财社"2025年价值消 费新势力盛典"圆桌论坛环节中，来自咨询、券商、潮玩、宠物等行业的专家齐聚一堂，共同讨论价值 消费背景下情绪经济如何高质量发展。 Z世代、单身群体、银发群体 是情绪消费的主力军 在圆桌论坛上，艾媒咨询CEO张毅表示，目前中国情绪消费主要集中在潮玩、宠物、谷子以及情绪健 康、解压产品市场等共同组成的相关领域，艾媒数据显示，2025年全国整体核心市场规模超千亿元。 张毅表示，情绪消费的核心人群主要包括Z世代、单身群体和银发群体，他们大多都面临较大生活或心 理压力，注重个性化和独特体验，追求产品的情感价值和文化内涵，且对社交媒体依赖度高，消费决策 易受网络信息和他人分享影响。 艾媒咨询CEO张毅 但张毅指出，在情绪消费需求上，各群体存在差异，比如Z世代热衷于潮玩、盲盒、虚拟偶像周边等个 性化、潮流化产品，注重社交分享和自我表达，追求新鲜感和独特性；单身群体更倾向于通过消费满足 自身情感需求，如购买宠物、小型家电、单人套餐等，注重产品的便捷性和陪伴感；银发群体则更关注 健康养生、文化娱乐和情感陪伴，对保健品、广场舞装备、老 ...

Group 1 - The rise of emotional economy is reshaping consumer behavior, with 64% of Chinese consumers prioritizing emotional satisfaction as their primary need [3][5][11] - The emotional economy is becoming a new economic engine, with significant growth in sectors like trendy toys, pets, and sports, as evidenced by the explosive sales during events like the Tmall 618 shopping festival [3][30] - Over 80% of surveyed consumers reported engaging in emotional consumption in the past year, with preferences varying by age group [6][8][10] Group 2 - Emotional consumption is defined as purchasing behavior aimed at achieving psychological compensation, indicating a shift from functional to emotional-driven consumption [5][10] - The "谷子经济" (Goods economy) market is projected to reach 168.9 billion yuan in 2024, reflecting a 40.63% increase from 2023, driven by the popularity of trendy toys and related products [30][34] - The pet industry is evolving into an emotional compensation system, with Gen Z spending an average of over 1,200 yuan per month on pet-related products and services [34][35] Group 3 - The silver economy is expected to reach a market size of 50 trillion yuan by 2050, driven by the new retired demographic who are financially stable and seeking quality experiences [35][36] - The healing economy is gaining traction, with a projected market value exceeding 240 billion yuan this year, fueled by rising demand for emotional wellness and immersive experiences [37][40] - Emotional marketing is widely accepted, with over 80% of respondents recognizing its influence on purchasing decisions, particularly among younger consumers [22][23]

下雨了，没有伞的孩子必须努力奔跑，否则就会成为落水狗。然而一个事实是，到了梅雨季，很可能人不如狗。 6月，江南进入梅雨季，小红书用户"克莱妈妈"发布帖子《看看上海黄梅天的遛狗人》，一两天时间涌入7000多条评论，大家纷纷晒梅雨天遛狗的狼狈 样。 只见有的小狗背着竹席一样的雨衣，出门踏水；有的毛孩子身穿和主人同色雨衣，主打情侣装；还有的很朴素，直接身上套了个盒马超市的购物袋、或者 化肥袋子出了门…… 原来上海精致的并非只有人，还有狗（手动狗头）。 图 |"克莱妈妈"评论区成了毛孩子们的雨衣秀 而现在的品牌雨衣则普遍重视舒适性与防雨透气的功能性于一体，有的小狗雨衣材质上甚至已经和人类雨衣一个级别。 淘宝宠物类目小二表示，回顾这三年，小狗雨衣销量体量虽然不大，但总体维持了一个增长态势。韩国Puppygallery品牌披露，在天猫上一年销售量级达 千万元。 图 | 狗狗品牌衣 当然围绕小狗雨衣，有很多讨论。有人认为这是智商税，没必要。也有很多人力挺，小狗雨衣能有效防止狗子在雨中淋湿，保持干爽和健康。还有人质 疑，有这个钱干什么不行，为什么要对一只宠物狗这么好。 本质上，养宠物就是在为爱付费，宠物经济的核心就是情感经济 ...

年轻一代是"它经济"的消费主力。报告显示，90后与00后在养宠人群中占比超六成，更注重宠物生活质 量与个性化需求，愿意在宠物服装、美容、IP联名等周边消费领域投入更多资金，推动宠物消费观念持 续升级。 在宠物消费环节，社交平台正在重塑决策链路。报告提出，养宠人不仅仅关注产品的技术细节，而是更 注重品牌整体形象和价值观的契合度。口碑传播和专业推荐在养宠人决策过程中扮演了越来越重要的角 色。 毕马威中国华南区零售及消费品行业审计合伙人刘琬婷表示，社交媒体成为消费决策的核心影响因素， 80后、90后养宠人更倾向于通过线上渠道购买宠物产品。尽管如此，线下渠道(包括宠物店、宠物医 院、商超、犬猫舍等)仍占据重要地位，因其能提供更好的购物体验和附加服务。未来，品牌方需要同 时注重线上和线下渠道的协同发展，不断优化产品和服务，以更好地适应市场变化和消费者需求。 供应链的重构与国产替代加速正成为驱动宠物行业发展的"双引擎"。报告提到，一方面，中国宠物企业 正逐步从过度依赖单一市场转向全球化布局；另一方面，在政策护航与技术创新共振下，国产高端产品 在品质上不断追赶甚至超越进口产品。 毕马威中国日前发布的《2025年中国宠物行业 ...

Core Viewpoint - The article highlights the transformation of the Dalang Street area in Shenzhen through the development of four major commercial districts, showcasing a blend of technological innovation and cultural vibrancy that drives consumer upgrades and economic growth [2][5][6]. Group 1: Technological Innovations - The "smart stone" installations at the Houlang New World feature capabilities such as lighting, wireless charging, and video display, enhancing urban life and attracting public interest [2][3]. - An advanced smart parking garage with 2,800 parking spaces operates efficiently through an intelligent management system, addressing parking challenges for residents [3]. Group 2: Cultural and Community Engagement - Events like the "Starry Dalang" singing competition and various cultural activities have been instrumental in attracting crowds and boosting the local economy, demonstrating the integration of culture and commerce [4]. - The viral video of a dancer performing in the rain symbolizes the energetic spirit of Shenzhen, further promoting the area's cultural appeal [3]. Group 3: Economic Development Strategy - The Dalang Street area aims to establish itself as a key player in the international consumer center by developing four distinctive commercial zones, each targeting specific consumer trends and experiences [5][6]. - The area has seen significant growth in retail sales and service industry revenues, ranking among the top in the district for the first four months of the year [5].

深圳煜禾森科技有限公司位于龙岗区宝龙街道，是一家以模块化通用移动机器人平台产品闻名的高科技 企业。2024年，在龙岗区企业服务中心和宝龙街道办的帮助下，借助在大运中心的产品展示，公司收获 了一份价值超千万元的意向合作协议。对于彼时面临短暂业绩挑战的煜禾森来说，这个合作无疑是一 场"及时雨"。 举办企业交流活动不再是"大水漫灌"。街道根据产业链和企业相关性，定向邀请企业参加活动。前不 久，宝龙街道在企业服务中心举办了一场萌宠产业供需对接会。得益于三张表单带来的清晰产业画像， 来的都是在宠物喂养、器具、用品、医疗等宠物产业链的优秀企业。对接会上，宠物经济产业链上企业 聚在一起，畅聊行业趋势、探讨合作机会。"有一家南美的大型宠物产品经销商在我们街道有子公司。 通过这场活动，街道很多宠物产品的公司与这家公司搭上了线，后续极有可能达成更多的合作。"宝龙 街道相关负责人表示，这种精准的活动策划，让企业从"被动参与"变为"主动报名"，活动现场氛围热 烈，合作成果丰硕。 对企业进行产业链梳理，就像给产业画"族谱"。按照深圳"20+8"产业集群，街道把新能源汽车、生物医 药这些热门赛道挨个拆解，把位于同一产业链的企业整理得明明 ...

山东聊城，跑出国产宠物食品一哥。 6月26日，乖宝宠物收报107.55元/股，总市值约430亿元，今年以来涨幅超40%。 57岁的老板秦华，中学物理老师出身，靠着高端宠物食品生意，挣到百亿级身家。 天眼查显示，他在公司的最终受益股份约53.24%。按最新市值计算，持股价值约230亿元。 国产一哥 秦华，押中了一个爆火的赛道。 今年618大促期间，麦富迪在天猫、抖音电商、京东等平台的宠物食品榜单上，均入三甲。 拥有这个猫粮狗粮品牌的公司——乖宝宠物，是A股宠物行业的市值一哥。 根据高盛发布的报告，到2030年，中国城镇宠物数量将超过7000万只。 "穷养自己富养宠"，家住上海的吴琦（化名）告诉记者，家里有两只狗，算上吃的用的、洗澡美容等， 月均花费1500元左右，有时需要看病，支出会更多。 "毛孩子"们的需求，直接拉动了一个千亿级市场，2024年城镇犬猫的消费市场规模增长7.5%，首次突破 3000亿元。 其中，宠物粮消费是大头，秦华做的正是这门生意。 乖宝宠物的产品，有三大品类共1300多个品种：以烘干鸡鸭肉猪肉为主的宠物零食系列，以肉和果蔬搭 配为主的宠物湿粮系列，以天然食材为主的宠物主粮系列。 秦华看到， ...

佩蒂股份 20250625 摘要 公司东南亚工厂总产能达 2.6 万吨，足以满足美国市场未来两年需求， 柬埔寨工厂专注于高单价产品，满产年产值接近 5 亿元人民币，越南工 厂新增 2000 吨产能，满产年产值预计达 8-9 亿元人民币。 面对美国对越南和柬埔寨 10%的关税，公司初步预案是与客户共同承担， 目前主要客户未要求公司承担基础关税部分，公司将持续与客户协商应 对未来政策变化。 公司在欧洲市场增速显著，特别是英国和加拿大，订单量增长明显，主 要来源于线下商超客户，新西兰主粮的海外代工服务是公司海外市场业 务的另一个重要增长点。 美国市场在代工业务中占比约为 65%，预计今年将维持，欧洲市场增速 较快但基数较小，未来主粮代工业务的增长点可能主要来自新西兰和澳 大利亚市场。 目前美国市场订单接收情况正常，未受关税加征因素影响，展望第三季 度，可见订单情况与去年同期基本持平，未出现明显增长。 Q&A 针对美国市场，公司在东南亚的代工业务是否已完全承接原国内工厂的订单， 以及越南和柬埔寨工厂的现有产能能否完全满足美国市场的订单需求？ 目前，东南亚工厂已完全满足美国市场的订单需求。越南的两个工厂宠物零食 总产能 ...