风险提示：市场竞争日益激烈。汇率波动及海外经营不确定性可能影响业绩稳定性。贸易政策变化亦是 变数。 事件：2025 年8 月26 日，乖宝宠物食品集团股份有限公司（简称"公司"）发布2025 年半年度报告。 1H25 乖宝收入符合市场预期，归母净利润符合市场预期。1H25 公司实现总营业收入32.2 亿，同比 +37.7%；实现归母净利润3.8 亿，同比+22.5%；扣非归母净利润为3.7 亿元，同比+26.5%。对应2Q25 营 收收入17.4 亿，同比+31.0%；实现归母净利润1.7 亿，同比+8.5%；扣非归母净利润1.7 亿，同比 +10.4%。1H25 公司毛利率为42.8%，同比扩张0.7 个点，对应2Q25 毛利率为43.8%，同比扩张1 个点， 较1Q25 毛利率同比扩张2.2 个点。1H25 公司销售/管理费用率分别为21.2%和5.4%，分别增加2.1 个点和 减少0.4 个点，对应2Q25 销售/管理费用率分别为23.9%和5.7%，同比增加3.5 个点和减少0.4 个点，主要 因为加大市场费用投入以及股权激励费用的落地。1H25 汇兑损失为792.6 万，较去年同期的1169.4 万 ...

每经头条（nbdtoutiao）——A股成交连续8天破2万亿元，券商招聘也来了！行业巨头秋招"求才"，25个 岗位都有什么特点？ 每经AI快讯，乖宝宠物（SZ 301498，收盘价：96.9元）8月25日晚间发布公告称，公司第二届第十二次 董事会会议于2025年8月23日以现场结合通讯会议方式召开。会议审议了《关于公司〈2025年半年度报 告〉及其摘要的议案》等文件。 （记者 张喜威） 2024年1至12月份，乖宝宠物的营业收入构成为：宠物食品及用品占比99.53%，其他业务占比0.47%。 截至发稿，乖宝宠物市值为388亿元。 ...

截至发稿，乖宝宠物市值为376亿元。 每经头条（nbdtoutiao）——人形机器人撕掉"花瓶"标签还要多久？亿元大单"破冰"，商业化元年终于 来了！ （记者 王晓波） 每经AI快讯，乖宝宠物（SZ 301498，收盘价：94元）8月11日晚间发布公告称，公司第二届第十一次董 事会会议于2025年8月10日以现场结合通讯会议方式召开。会议审议了《关于提请股东大会授权董事会 办理股权激励相关事宜的议案》等文件。 2024年1至12月份，乖宝宠物的营业收入构成为：宠物食品及用品占比99.53%，其他业务占比0.47%。 ...

Core Viewpoint - A-share companies are increasingly announcing mid-term dividend plans alongside their semi-annual reports, reflecting a trend of returning value to shareholders and signaling confidence in their financial performance [1][2][4]. Group 1: Dividend Announcements - As of August 8, 2023, 178 A-share companies have released their 2025 semi-annual reports, with 48 companies proposing cash dividends [3]. - China Mobile announced a mid-term dividend of HKD 2.75 per share, translating to approximately CNY 541.99 billion based on the exchange rate as of June 30, 2025 [2]. - CATL reported a revenue of approximately CNY 1788.86 billion for the first half of 2025, with a net profit of about CNY 304.85 billion, marking a year-on-year growth of 33.33% [2]. Group 2: Company Performance - China Mobile's semi-annual report indicated a revenue of CNY 543.8 billion, with a net profit of CNY 842 billion, reflecting a 5% year-on-year increase [2]. - Oriental Yuhong's revenue for the first half of 2025 was approximately CNY 135.69 billion, a decrease of 10.84%, with a net profit of CNY 5.64 billion, down 40.16% year-on-year [4]. - The company plans to distribute a cash dividend of CNY 9.25 per 10 shares, totaling approximately CNY 22.1 billion [4]. Group 3: Implementation of Dividend Plans - Sujiao Technology announced a cash dividend of CNY 0.2 per 10 shares, with the record date set for August 11, 2025 [5]. - Zhongchong Co. disclosed a cash dividend of CNY 2 per 10 shares, with the record date on August 13, 2025 [5].

炎炎八月，宠物经济热度同样不减。 半年报披露窗口期，中宠股份交出亮眼成绩单，上半年实现营收近25亿元，净利润同比大增超40%。其中，宠物零食半年销售额超过15亿元，日均卖出 800万元。 日均销售宠物零食800万 8月5日晚间，中宠股份发布2025年半年报，今年上半年公司实现总营业收入24.32亿元，同比增长24.32%；实现归母净利润2.03亿元，同比增长42.56%。 三、主营业务分析 概述 参见"一、报告期内公司从事的主要业务"相关内容。 主要财务数据同比变动情况 记者查阅公司半年报发现，报告期内，对业绩贡献最大的板块是宠物零食，作为中宠股份的传统优势业务，上半年宠物零食板块实现收入15.29亿元，同 比增长6.37%，占公司上半年营业收入约六成。这也意味着，公司平均每天销售宠物零食超800万元。而宠物主粮业务的增幅最快，上半年贡献销售额7.83 亿元，同比增长85.79%。 对于业绩的增长，中宠股份表示，公司旗下三大核心自主品牌的毛利不断提高，推动业绩上涨。同时，公司推进全球供应链布局，境外业务稳步增长。数 据显示，今年上半年，中宠股份的境外业务收入占比高达64.75%。 烟台中宠食品股份有限公司20 ...

Group 1: Company Research - Lude Environment's main business includes river and lake sludge treatment services, engineering mud treatment services, industrial residue resource sales, and environmental technology equipment sales. The company is working on a project involving synthetic biology technology to produce GABA from waste fermentation products [1] - Zhongchong Co., Ltd. reported a revenue of 1.101 billion yuan for Q1 2025, a year-on-year increase of 25.41%. The net profit attributable to shareholders was 91.1553 million yuan, up 62.13% year-on-year, with a non-recurring net profit of 88.2607 million yuan, increasing by 63.75% year-on-year. The company's debt ratio stands at 40.0% [1] - Qiaqia Food's Q1 2025 report shows a revenue of 1.571 billion yuan, a year-on-year decrease of 13.76%. The net profit attributable to shareholders was 77.2478 million yuan, down 67.88% year-on-year, with a non-recurring net profit of 58.0845 million yuan, decreasing by 73.76% year-on-year. The debt ratio is 40.23% [2] Group 2: Institutional Overview - Shanghai Licheng Asset is one of the earliest established private equity management companies in China, focusing on a growth stock investment philosophy with a margin of safety. The firm has developed a comprehensive investment management knowledge system over thirteen years [3] - The company has a workforce of 50 employees, with nearly 30 being professional research and investment personnel. The management scale has exceeded 10 billion yuan, specializing in secondary stock long strategies and PIPE strategies in the fields of pharmaceuticals, advanced manufacturing, and consumer goods [3] - Licheng has consistently ranked high in long-term performance and has received four private equity "Golden Bull" awards over three sessions [3]

Market Overview - On April 24, the Shanghai Composite Index experienced slight fluctuations, closing with a trading volume of 1.14 trillion yuan, a decrease of 123.5 billion yuan from the previous trading day, with over 1,500 stocks rising and 64 stocks hitting the daily limit up, while 36 stocks hit the limit down [1] Industry Performance - The beauty care, banking, and public utilities sectors topped the industry gainers list, each with a closing increase of over 1% [2] - The PEEK materials concept surged by 3.7%, with companies like Xinhan New Materials and CGN Technology hitting the daily limit up [2] - The pet economy concept rose by 1.74%, with Tianyuan Pet and Zhongchong Co. hitting the daily limit up, and Zhongchong Co. and Guibao Pet reaching historical closing highs [2] Notable Stocks - A total of 23 stocks reached historical closing highs, with significant concentrations in the banking, automotive, and agriculture sectors, which had 6, 4, and 3 stocks respectively [5] - Among the stocks that hit historical highs, the average increase was 6.70%, with notable gainers including Zhaomin Technology and Zhongchong Co. [5] - The top three stocks by daily increase included Zhaomin Technology at 16.88%, Guibao Pet at 15.44%, and Lusi Co. at 14.74% [6] Institutional Activity - On April 24, institutions net bought over 100 million yuan in 6 stocks, with Qingdao Jinwang leading at 236.2 million yuan [8] - Conversely, 8 stocks faced net selling exceeding 10 million yuan, with N Tianyou leading at 196 million yuan [7] New Listings - The newly listed stock N Tianyou had an IPO price of 93.5 yuan, one of the highest on the Shanghai Stock Exchange, opening with a 49.73% increase but closing with a 24.06% rise [7]

4月24日，沪指盘中窄幅震荡，北证50指数大幅下探；港股回调走低，恒生指数一度跌超1%，恒生科技 指数一度跌超2%。 具体来看，沪指盘中窄幅震荡，尾盘小幅上扬，北证50指数大跌超3%。截至收盘，沪指微涨0.03%报 3297.29点，深证成指跌0.58%报9878.32点，创业板指跌0.68%报1935.86点，科创50指数跌近1%，北证 50指数跌3.44%，沪深北三市合计成交11391亿元，较昨日减少1235亿元。 场内近3700股飘绿，信创、云计算、算力概念等下挫，跨境支付概念回调，东方通（300379）、拉卡拉 （300773）跌超10%；电力板块拉升，乐山电力（600644）、华银电力（600744）、西昌电力 （600505）等涨停；银行板块上扬，农业银行、工商银行、中国银行涨约2%，再创历史新高；医药板 块活跃，金凯生科（301509）、尔康制药（300267）、凯莱英（002821）等涨停；宠物经济概念崛起， 天元宠物（301335）20%涨停，乖宝宠物（301498）、中宠股份（002891）再创新高。值得注意的是， 近日的强势股安记食品（603696）（603696）、国芳集团（60108 ...

一、行情回顾 市场全天冲高回落，三大指数涨跌互现。宠物消费概念走强，天元宠物、中宠股份、依依股份涨停。电力股集体拉升，乐山电力、华银电力、西昌电力等封 板。多只高位股尾盘走出反包走势，安记食品、国芳集团均上演地天板。个股跌多涨少，沪深京三市超3800股飘绿，今日成交1.14万亿。截止收盘沪指涨 0.03%，深成指跌0.58%，创业板指跌0.68%。 | 风口板块 更多 | | | | | | 涨跌幅榜 更多 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 宠物经济 | +5.03% | 电力体制改革 | +2.24% | 医药 | +0.62% | 宠物经济 | PEEK材料 | 水电 | 征信概念 | 次新股 | | 跨物种翻译器Traini近一年增长 | | 頁季用电高峰即将来临 | | 创新药龙头创历史新高 | | +5.03% | +4.08% | +3.67% | -3.84% | -3.84% | | 四倍 | | | | | | 异内藤 | 火电 | 制冷剂 | 跨境支付 | web3 ...