中宠股份：业绩回顾，预计自有品牌销售目标在国内和海外均上调；买入评级-China Pet Foods (.SZ)_ Earnings review_ own-brand sales target raised for domestic and overseas; Buy

6 August 2025 | 5:52PM HKT China Pet Foods (002891.SZ) Earnings review: own-brand sales target raised for domestic and overseas; Buy 002891.SZ 12m Price Target: Rmb63.00 Price: Rmb58.72 Upside: 7.3% China Pet Foods reported 2Q25 results (first take) with OP lower but sales stayed strong. In the briefing, key highlights include: 1) domestic: sales increased by 35%+ yoy mainly driven by strong Wanpy and Toptrees at 30%+/70% yoy growth in 2Q25. With better than expected momentum, the mgmt raised domestic sales ...