Group 1: Company Overview and Market Strategy - The company is focusing on developing a strategy that leverages pet food to drive sales of pet products, capitalizing on the growing domestic pet market [3][4] - Since 2018, the company has explored the import of pet food brands to compete with established international brands, establishing cross-border e-commerce partnerships in 2019 [4][9] - The domestic pet market is still in its early stages, with pet food being the primary purchase for pet-owning households [3][4] Group 2: Financial Performance and Asset Turnover - The accounts receivable turnover rate was 3.15 times in the first half of 2022, down from 7.50 times in 2021, indicating a decline in asset turnover [5] - The inventory turnover rate decreased from 12.54 times in 2019 to 3.02 times in the first half of 2022, with inventory turnover days increasing from 28.72 days in 2019 to 59.56 days in 2022 [6][7] Group 3: Supply Chain and Production - The company has established a dual production model combining in-house and outsourced production to enhance supply chain efficiency [8] - The lead time for self-produced products is approximately 60 days, while outsourced products typically have a lead time of 1-7 days [7][8] - The company has developed a robust supplier management system to ensure reliable and stable supply of various pet products [8] Group 4: Online Sales and Market Expansion - The company has launched B2C stores on platforms like Tmall and JD.com since 2019, expanding its product range to include pet food and pharmaceuticals [8] - Online sales through self-operated and consignment channels are a significant part of the company's strategy to enhance customer engagement [8] Group 5: Future Plans and International Expansion - The company plans to continue its strategy of using pet food to drive sales of pet products, expanding its online and offline sales channels [9] - Future plans include establishing backend processing plants in Europe and America to reduce transportation costs and enhance competitiveness [8][9]
天元宠物(301335) - 天元宠物调研活动信息