Core Viewpoint - Yiyi Co., Ltd. (依依股份), known as the "first stock of pet diapers," has announced a sudden suspension of trading due to plans to acquire a pet food company specializing in cat food and cat litter [1][6]. Company Summary - Yiyi Co., Ltd. primarily engages in the production of pet hygiene products, including pet pads, pet diapers, and pet cleaning bags. The company was listed in 2021 and reported a revenue of 888 million yuan in the first half of this year, reflecting a year-on-year growth of 9.34%. The net profit attributable to the parent company was 102 million yuan, with a year-on-year increase of 7.37% [6][7]. - The company is planning to acquire Hangzhou Gaoye Family Pet Food Co., Ltd. (杭州高爷家), which was established in 2020 and has a notable presence in the pet product retail and development sector. The brand "Xucuihua" under Hangzhou Gaoye Family has gained significant recognition on e-commerce platforms [6][7]. Industry Summary - The pet economy in China has shown significant expansion, attracting various capital investments for integration and layout. This trend is expected to promote the healthy development of the sector towards branding, capitalization, and standardization [6][7]. - The overall pet market in China has grown from 97.8 billion yuan in 2015 to over 592.8 billion yuan in 2023, with a compound annual growth rate (CAGR) of 25.4%. It is projected that the market size will further increase to 811.4 billion yuan by 2025 [7].

10月13日晚间，宠物卫生护理用品龙头公司依依股份（001206）发布公告称，正在筹划发行股份及支付现金购买资产并募集配套资金事项，本次交易标的 为杭州高爷家有好多猫宠物食品有限责任公司。因有关事项尚存在不确定性，为维护投资者利益，避免对公司证券交易造成重大影响，经公司申请，公司 股票自2025年10月14日（星期二）开市时起开始停牌。 截至公告日，公司已与本次交易的主要交易对方签署《发行股份及支付现金购买资产意向协议》，初步达成购买资产意向。 记者关注到，"高爷家"品牌在电商平台拥有较高知名度，主要销售猫粮产品。以天猫平台为例，高爷家天猫旗舰店拥有34.3万粉丝，天猫旗舰店背后的企 业为杭州望妙生物科技有限责任公司，该公司为杭州高爷家有好多猫宠物食品有限责任公司的全资子公司。据企查查，杭州望妙生物科技有限责任公司已 于2021年进行A轮融资，融资金额5000万元，投资方包括金鼎投资、众晖资本。 | ﺑ 宠物食品制造商 | | | | --- | --- | --- | | 所属企业：杭州望妙生物科技有限责任公司 | 累计融资次数:1 | 电话:0571-88795521 | | 成立日期：2018-12-1 ...

Group 1: Stock Performance - The pet economy concept stocks are experiencing strong performance, with companies like Zhongchong Co., Tianyuan Pet, and others seeing significant gains, with some stocks hitting the daily limit [1][2] - Zhongchong Co. (002891.SZ) reported a stock price of 53.44, with a rise of 10.00% and a market capitalization of 15.77 billion [2] - Tianyuan Pet (301335.SZ) saw a stock price of 25.40, increasing by 19.98% and a market capitalization of 1.27 billion [2] - Guai Bao Pet (301498.SZ) reported a stock price of 116.02, with an increase of 11.63% and a market capitalization of 20.77 billion [2] Group 2: Financial Performance - Guai Bao Pet reported a net profit of 204 million for Q1, a year-on-year increase of 37.68% [5] - Zhongchong Co. reported a net profit of 91 million for Q1, a year-on-year increase of 62.13% [6] - Yiyi Co. reported a net profit of 54 million for Q1, a year-on-year increase of 27.96%, with a non-recurring profit of 50 million, up 40.97% [7] Group 3: Industry Trends - The integration of AI in the pet industry is rapidly expanding, with applications in health management, behavior analysis, and interactive companionship [8] - The pet industry in China is in a phase of rapid growth, with the market expected to exceed 300 billion by 2024, driven by changing consumer trends [8] - The post-2000 generation is becoming the core consumer group in the pet economy, with a pet ownership penetration rate of 24% among those over 20, indicating significant growth potential [8] Group 4: Market Insights - The current pet food market in China is valued at approximately 100 billion, with significant room for growth in average annual spending per pet [9] - The market expansion may shift from quantity-driven to price-driven growth, as the number of pets stabilizes [9] - Domestic leading brands are expected to rise, similar to Japan's market, where local brands have gained significant market share [9]