证券日报网2月11日讯 ，依依股份在接受调研者提问时表示，公司目前仍以宠物一次性卫生护理用品为 核心业务，持续夯实"宠物卫生护理"产业。同时，公司战略性地关注并探索宠物健康、宠物医疗及宠物 食品等相关领域的机会。未来，公司将秉持"专注宠物关爱"的宗旨，在深耕宠物卫生护理主航道的同 时，审慎、稳健地探索与主业具有协同效应的业务领域，致力于为宠物与养宠家庭提供更全面、更优质 的产品与服务。 （编辑 丛可心） ...

Group 1 - The core viewpoint of the news is that Yiyi Co., Ltd. has seen a stock price increase of 5.02%, reaching 31.41 CNY per share, with a total market capitalization of 5.808 billion CNY [1] - Yiyi Co., Ltd. specializes in the research, production, and sales of disposable hygiene products and non-woven fabrics, with 93.91% of its revenue coming from pet disposable hygiene products [1] - The company was established on May 10, 1990, and went public on May 18, 2021 [1] Group 2 - Jin Xin Fund has a significant holding in Yiyi Co., Ltd., with its Jin Xin Core Competitiveness Mixed A Fund (009317) holding 14,500 shares, representing 4.82% of the fund's net value [2] - The Jin Xin Core Competitiveness Mixed A Fund has achieved a year-to-date return of 19.79% and a one-year return of 18.87% [2] - The fund manager, Tan Jiajun, has been in position for 1 year and 62 days, with the fund's total asset size at 609 million CNY [3]

Group 1 - The core point of the article is that Yiyi Co., Ltd. has announced the establishment of a wholly-owned subsidiary in Cambodia with an investment of $21 million to implement its globalization strategy [1] - The company has completed the necessary registration procedures for the investment and obtained a business license from the Cambodian Ministry of Commerce on November 27 [1] - As of the first half of 2025, Yiyi's revenue composition is as follows: 93.91% from pet disposable hygiene products, 4.85% from non-woven fabrics, 1.01% from personal disposable hygiene products, and 0.24% from other businesses [1] Group 2 - Yiyi Co., Ltd. has a market capitalization of 5.7 billion yuan [1]

Group 1 - The core viewpoint of the news is that Yiyi Co., Ltd. experienced a 5.1% decline in stock price, reaching 31.44 CNY per share, with a total market capitalization of 5.813 billion CNY [1] - Yiyi Co., Ltd. specializes in the research, production, and sales of disposable hygiene products and non-woven fabrics, with 93.91% of its revenue coming from pet disposable hygiene products [1] - The company was established on May 10, 1990, and went public on May 18, 2021 [1] Group 2 - According to data, Jin Xin Fund holds a significant position in Yiyi Co., Ltd., with its Jin Xin Core Competitiveness Mixed A Fund (009317) holding 14,500 shares, accounting for 4.82% of the fund's net value [2] - The fund has reported a floating loss of approximately 24,500 CNY as of the latest data [2] - Jin Xin Core Competitiveness Mixed A Fund was established on May 9, 2020, and has a current scale of 9.1382 million CNY, with a year-to-date return of 17.8% [2] Group 3 - The fund manager of Jin Xin Core Competitiveness Mixed A Fund is Tan Jiajun, who has been in the position for 1 year and 37 days [3] - Under Tan's management, the fund has achieved a best return of 26.93% and a worst return of 10.79% during his tenure [3]

Group 1 - The core viewpoint of the news is that Yiyi Co., Ltd. has seen a significant increase in its stock price, with a rise of 5.02% to 33.66 CNY per share, and a total market capitalization of 6.224 billion CNY [1] - Yiyi Co., Ltd. specializes in the research, production, and sales of disposable hygiene products and non-woven fabrics, with 93.91% of its revenue coming from pet disposable hygiene products [1] - The company was established on May 10, 1990, and was listed on May 18, 2021 [1] Group 2 - According to data, Jin Xin Fund has a significant holding in Yiyi Co., Ltd., with its Jin Xin Core Competitiveness Mixed A Fund (009317) holding 14,500 shares, representing 4.82% of the fund's net value [2] - The Jin Xin Core Competitiveness Mixed A Fund has achieved a year-to-date return of 21.86% and a one-year return of 19.6% [2] - The fund manager, Tan Jiajun, has been in charge for 1 year and 32 days, with the best fund return during his tenure being 32.38% [3]

Core Viewpoint - Yiyi Co., Ltd. experienced a 5.02% decline in stock price, trading at 29.14 CNY per share, with a total market capitalization of 5.388 billion CNY as of the report date [1]. Company Overview - Yiyi Co., Ltd. is located in the Zhangjiawo Industrial Zone of Xiqing District, Tianjin, and was established on May 10, 1990. The company was listed on May 18, 2021. Its main business involves the research, production, and sale of disposable hygiene products and non-woven fabrics [1]. - The revenue composition of Yiyi Co., Ltd. is as follows: 93.91% from pet disposable hygiene products, 4.85% from non-woven fabrics, 1.01% from personal disposable hygiene products, and 0.24% from other sources [1]. Fund Holdings - According to data, the Tongtai Fund has a significant holding in Yiyi Co., Ltd. The Tongtai Huize Mixed A Fund (008050) held 47,800 shares in the third quarter, accounting for 8.49% of the fund's net value, making it the fourth-largest holding [2]. - The Tongtai Huize Mixed A Fund was established on November 20, 2019, with a current size of 9.852 million CNY. Year-to-date returns are 2.43%, ranking 7560 out of 8223 in its category; over the past year, returns are 7.93%, ranking 6354 out of 8115; since inception, the fund has experienced a loss of 33.44% [2]. - The fund managers, Ma Yi and Mai Jianpei, have tenures of 11 years and 176 days, respectively. Ma Yi manages assets totaling 2.718 billion CNY, with the best return during his tenure being 43.7% and the worst being -0.63%. Mai Jianpei manages 231 million CNY, with the best return of 22.27% and the worst of -0.55% [2].

Group 1 - Company Yiyi Co., Ltd. announced a share buyback of approximately 510,000 shares, representing 0.28% of its total share capital, with a total transaction amount of about 10.39 million yuan [1] - The highest transaction price during the buyback was 25.49 yuan per share, while the lowest was 16.59 yuan per share [1] - As of the report date, Yiyi Co., Ltd. has a market capitalization of 5.8 billion yuan [1] Group 2 - For the first half of 2025, the revenue composition of Yiyi Co., Ltd. is as follows: disposable pet hygiene products accounted for 93.91%, non-woven fabrics 4.85%, personal disposable hygiene products 1.01%, and other businesses 0.24% [1]

Core Viewpoint - The company, Yiyi Co., aims to expand its overseas market presence, particularly in Europe and emerging markets in Southeast Asia and South America, leveraging its R&D and production capabilities through ODM/OEM partnerships [1] Group 1: Overseas Market Expansion - The chairman and general manager of Yiyi Co., Gao Fuzhong, highlighted the company's strategy to target overseas markets through bidding, participation in major pet exhibitions, and referrals from existing customers [1] - The European market is identified as a key focus area, where the company plans to collaborate with large channel partners [1] - In Southeast Asia, the company is primarily expanding through its own brand, with positive growth trends, and is considering new sales models to deepen its market penetration [1] Group 2: Company Mission and Vision - Yiyi Co. has been dedicated to the pet hygiene products sector for many years, with a mission to be a leader in pet hygiene care products [1] - The company aims to create perfect pet hygiene care products, aligning its development vision with market trends and customer needs [1] - Yiyi Co. is committed to enhancing its production capacity and product quality, striving to build a comprehensive supply chain from product R&D to sales in the pet products market [1]

Group 1 - The company, Yiyi Co., Ltd. (SZ 001206), announced a share buyback of approximately 480,000 shares, representing 0.26% of its total share capital, with a total transaction amount of about 9.61 million yuan [1] - The highest transaction price during the buyback was 25.49 yuan per share, while the lowest was 16.59 yuan per share [1] - As of the report, Yiyi Co., Ltd. has a market capitalization of 4.8 billion yuan [1] Group 2 - For the first half of 2025, the company's revenue composition is as follows: disposable pet hygiene products accounted for 93.91%, non-woven fabrics for 4.85%, personal disposable hygiene products for 1.01%, and other businesses for 0.24% [1]

Financial Performance - Company reported total revenue of 888 million yuan for the first half of 2025, a year-on-year increase of 9.34% [1] - Net profit attributable to shareholders reached 102 million yuan, up 7.37% year-on-year [1] - In Q2 2025, total revenue was 403 million yuan, a decline of 6.05% compared to the same period last year [1] - Q2 net profit attributable to shareholders was 48.11 million yuan, down 9.09% year-on-year [1] - Gross margin was 18.97%, an increase of 0.46% year-on-year, while net margin was 11.5%, a decrease of 1.81% [1] - Total operating expenses were 34.30 million yuan, accounting for 3.86% of revenue, an increase of 10.51% year-on-year [1] - Earnings per share increased to 0.55 yuan, up 7.84% year-on-year [1] Cash Flow and Assets - Operating cash flow per share surged to 1.03 yuan, a dramatic increase of 4763.93% year-on-year [1] - Cash and cash equivalents increased by 186.42%, attributed to higher cash receipts from sales [4] - Accounts receivable accounted for 148.6% of net profit, indicating a significant amount of outstanding payments [1][4] Market and Industry Insights - The company is focusing on expanding its market presence in non-US regions such as Europe and Southeast Asia to mitigate risks from tariff policies [5] - The domestic market for pet hygiene products is expected to grow due to increasing pet ownership among younger generations and the aging pet population [7][8] - The company plans to enhance its self-owned brands and expand its market share through a combination of online and offline strategies [9] Future Strategy - The company aims to implement a dual-circulation strategy focusing on both domestic and overseas markets, as well as a dual-engine approach combining ODM/OEM and self-owned brands [10] - Future investments will target essential pet products, including cat litter, pet food, and medical vaccines, to capitalize on market opportunities [10]