Group 1: Company Overview and Market Position - Wenzhou Yuanfei Pet Toy Co., Ltd. has been deeply engaged in the pet industry for over ten years, focusing on the research, production, and sales of pet products [3] - The company has established a production base in Cambodia to mitigate the impact of US-China trade tensions, benefiting from lower labor costs and favorable policies [2][3] - The domestic pet market is rapidly growing, attracting foreign enterprises, which may pose competitive risks to local companies [4] Group 2: Product Insights and Sales Strategy - Pet snacks, particularly chewable products, constitute a significant portion of the company's offerings, aiding in pet dental health and nutrition [4] - The company retains most of its orders for leashes in domestic factories, with Cambodia serving as a supplementary production site [5] - From 2019 to 2021, the average selling price of leashes increased, but gross margins declined due to rising raw material costs that were not fully passed on to downstream customers [5] Group 3: Future Expansion and Market Development - The company is considering expanding into other industries but remains focused on enhancing its core pet business [3] - To maintain competitiveness in overseas markets, the company plans to invest in R&D and increase the proportion of high-value-added products [3] - The company aims to promote responsible pet ownership and contribute to the development of the domestic pet market [5]
源飞宠物(001222) - 2022年12月8日投资者关系活动记录表