中国宠物-企业日：国内市场强劲，2025-2026 年销售额同比增长 40%+；海外市场

7 January 2026 | 12:27AM HKT Equity Research China Pet Foods (002891.SZ): APAC Consumer & Leisure Corp Day: Robust domestic to deliver 40%+ yoy sales in 2025 and 2026; Overseas We met with China Pet Foods in-person in Hong Kong on Jan 6 during our APAC Consumer Corp Day. Key takeaways: 1) 4Q25 updates: domestically, mgmt shared better-than-expected performance for domestics business during double 11, raised 2025 sales growth guidance to 40%+ for domestic business (up from previous 35%+ yoy). Internationally ...