Market Overview - The global pet product market (excluding services) had a retail scale of $171.1 billion in 2022, with the pet supplies retail scale at $47.7 billion, showing stable growth [2] - In China, the urban pet (dogs and cats) population reached 70.43 million in 2022, a 2.9% increase from 2021, with the urban pet consumption market size at ¥270.6 billion, growing by 8.7% [3] Consumer Spending - The average annual spending per dog was ¥2,882 in 2022, up 9.4% from 2021, while for cats it was ¥1,883, an increase of 3.1% [3] Company Brands and Sales Channels - The company operates several proprietary brands including "petstar," "小兽星," "新食代," and "KIRA" for domestic sales, and "CATCRAFT" and "Made4Pets" for international sales [3] - A comprehensive procurement platform "宠发发" was established to serve small and medium-sized pet specialty stores [3] Foreign Exchange Impact - The company's overseas sales are significantly impacted by exchange rate fluctuations, particularly as costs are primarily denominated in RMB while sales are in USD [4] - Strategies to mitigate these impacts include timely monitoring of international exchange rates and adopting reasonable settlement methods [4] Market Presence and Competitors - The company has successfully entered international markets including the USA, EU, Australia, and Japan, with major clients like Walmart and Amazon [4] - Key competitors include Yiyi Co., Youpai Technology, and others, but the company maintains advantages in customer resources and supply chain management [5] Strategic Focus and Future Plans - The company aims to deepen its focus on pet supplies and food, leveraging a three-pronged strategy of market, product, and organization to achieve strategic goals [4] - Plans for the next five years include accelerating the implementation of a global localization strategy and optimizing supply chain layouts [4] Product Development and Innovation - The company has developed a wide range of pet products, with a focus on rapid response to market demands and customer needs [6] - As of June 30, 2023, the company held 17 software copyrights and 280 patents related to various pet products [6] Operational Efficiency - The company has established a robust supply chain management system to meet diverse customer needs and ensure timely delivery of products [6] - The operational team is specialized in both international and domestic markets, enhancing efficiency in product supply and customer service [7]
天元宠物(301335) - 天元宠物调研活动信息