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源飞宠物(001222) - 2025年4月28日投资者关系活动记录表

Financial Performance - In 2024, the company's revenue reached 1.31 billion CNY, a year-on-year increase of 32.16%, with a net profit attributable to shareholders of 164 million CNY, up 30.24% [4] - For 2025, projected revenue is 335 million CNY, reflecting a growth of 36.3%, while net profit is expected to be 25.37 million CNY, a decrease of 30.57% [4] Market Strategy - The company implements a dual-drive strategy, promoting simultaneous growth in both domestic and international markets, resulting in a 27.15% increase in overseas revenue (1.12 billion CNY) and a 73.38% increase in domestic revenue (186 million CNY) in 2024 [4] - The company has established two factories in Cambodia, focusing on pet food and pet supplies, which helps mitigate the impact of U.S. tariffs on its business [5] Production Efficiency - Cambodia's geographical advantages allow for effective control of raw material costs, and the availability of a skilled labor force helps reduce labor costs [6] - The company has been enhancing employee training in its Cambodian factories since 2020, leading to improved production efficiency [6] Brand Development - The company launched three proprietary brands in 2024: PIKAPOO, Halawei, and Legend Elf, each targeting different consumer needs and market segments [7] - PIKAPOO focuses on high-cost performance products, Halawei emphasizes functional pet care, and Legend Elf targets high-end nutrition, aiming to increase brand influence and domestic market sales [7]