（原标题："宠物经济"发展驶入快车道） 今年以来，我国"宠物经济"发展进入快速增长通道，多地围绕"宠物经济"推出政策、组织活动，上市公 司也在加速布局相关赛道。资本市场中，相关概念股受到追捧。Wind数据显示，截至9月24日收盘， Wind宠物经济指数年内累计上涨逾37%。 增长动能强劲 毕马威中国发布的报告显示，中国宠物市场规模从2015年的978亿元快速增长至2023年的5928亿元，年 复合增长率达25.4%，预计2025年将达8114亿元。艾媒咨询发布的《2024-2025年中国宠物行业运行状况 及消费市场监测报告》显示，到2028年，中国宠物经济产业市场规模有望达到1.15万亿元。 多地释放政策红利 9月以来，各地聚焦宠物经济赛道，政策支持力度不断加大。 例如，江苏无锡发文提出，引导传统行业企业参与宠物服饰、宠物干湿粮、宠物玩具、宠物佩戴设备等 产品研发生产，支持生物医药企业研发生产宠物用生物制剂、药品及医疗设备；力争到2027年，全市宠 物相关产业规模突破30亿元。安徽宿州发文提出，要推进重大项目"双招双引"，做优宠物经济服务产 业，推动宠物产业科技创新，促进宠物电商发展，强化宠物行业监管。 浙江 ...

Industry Overview - The health food sector has evolved from optional consumption to a rigid demand driven by consumption upgrades and technological innovations, with freeze-dried foods emerging as a significant sub-sector due to their "no additives" and "native" attributes appealing to health-conscious consumers, particularly younger demographics [1] - The global freeze-dried food market is projected to reach 83 billion yuan by 2024 and exceed 107.4 billion yuan by 2030, with China leading at a compound annual growth rate (CAGR) of 13.5%, expected to reach 4.2 billion yuan by 2025 [1] Company Acquisition - Jiangxi Huangshanghuang Group Food Co., Ltd. has officially embraced the freeze-dried food sector by acquiring Fujian Lixing Food Co., Ltd., marking a strategic partnership that could yield significant synergies [2][12] Company Background - Huangshanghuang, established in 1993, has developed into a comprehensive private enterprise involved in duck farming, processing, and sales, with a modern food production base across multiple provinces in China, and an annual slaughter capacity of 30 million ducks [5] - The company has a strong focus on innovation, with several research centers and partnerships with academic institutions, leading to the development of over 100 unique quick-consumption products [7] Financial Performance - In the first half of 2025, Huangshanghuang reported a non-GAAP net profit of 68.1 million yuan, a year-on-year increase of 40.27%, and a net profit attributable to shareholders of 76.9 million yuan, up 26.90% [10] - Fujian Lixing, established in 2006, specializes in freeze-dried food manufacturing and has shown strong financial performance, achieving 415 million yuan in revenue in 2024 and 251 million yuan in the first half of 2025, indicating robust growth [13] Product and Market Strategy - Fujian Lixing offers a diverse product matrix, including freeze-dried fruits, vegetables, and various ready-to-eat foods, and has established a strong customer base with multinational companies [11] - The acquisition allows Huangshanghuang to leverage Lixing's sales channels and market resources, facilitating entry into new markets and expanding its consumer base beyond traditional food lovers [15] Future Outlook - The strategic acquisition positions Huangshanghuang to capitalize on the growing health food market, integrating freeze-dried technology with its existing product lines to enhance product longevity and convenience [17] - The company has set performance commitments for Lixing, ensuring a minimum net profit of 75 million yuan in 2025, 89 million yuan in 2026, and 100 million yuan in 2027, providing a safety net for the investment [18] - This move reflects Huangshanghuang's commitment to diversification and innovation, aiming for sustainable growth in the health food sector [19]

Group 1 - The core point of the article is that the company Huang Shang Huang is expanding into the pet industry by acquiring a 51% stake in Lixing Food for 494.7 million yuan, which is a strategic move to diversify its product offerings and tap into the growing pet food market [1][2] - Lixing Food, established in 2006, is a leading manufacturer of freeze-dried foods with a production capacity of nearly 6,000 tons of various freeze-dried products annually, positioning it among the top in the industry [2][3] - The acquisition is seen as a way for Huang Shang Huang to leverage Lixing Food's sales channels and market resources to reach a broader consumer base, particularly in the pet food sector, which is gaining popularity due to the nutritional benefits of freeze-dried products [2][3] Group 2 - Numerous listed companies have entered the pet market, including Three Squirrels, Lai Yi Fen, and others, through establishing subsidiaries or making investments [4][5] - For instance, Three Squirrels has set up two wholly-owned subsidiaries focused on pet food, with one brand, "Golden Dad," already gaining traction on e-commerce platforms [4][5] - The global pet industry is projected to grow from approximately $207 billion in 2024 to $270.8 billion by 2029, with a compound annual growth rate of 5.5%, indicating a robust market opportunity [7][8]