宠物经济“爆”了！中宠股份净利大增近七成，股价直拉涨停

Core Viewpoint - The pet economy sector is experiencing strong growth, with Zhongchong Co., Ltd. reaching a historical high in stock price and a year-to-date increase of nearly 50% [1][3]. Financial Performance - In 2024, Zhongchong Co., Ltd. achieved a revenue of 4.465 billion yuan, representing a year-on-year growth of 19.15%. The net profit attributable to shareholders was 394 million yuan, up 68.89% from the previous year, with basic earnings per share of 1.34 yuan, an increase of 67.95% [3][7][8]. - For Q1 2025, the company reported a revenue of 1.101 billion yuan, a 25.4% increase year-on-year, and a net profit of 91.16 million yuan, up 62.1% [5][6]. Business Segmentation - The company operates primarily in the pet food and supplies sector, which accounted for 96.14% of total revenue in 2024, with the remaining 3.86% from other businesses. Revenue from pet snacks was 3.132 billion yuan (70.16% of total revenue), while pet staple food generated 1.107 billion yuan (24.78%) [11][12]. - Geographically, overseas revenue was 3.051 billion yuan (68.33%), while domestic revenue was 1.414 billion yuan (31.67%) [11][12]. Research and Development - Research and development expenses increased by 51.7% to 72.68 million yuan, reflecting the company's commitment to enhancing product development [10][12]. Shareholder Activity - In Q1 2025, Hong Kong Central Clearing Limited increased its holdings in Zhongchong Co., Ltd., while Song Yong reduced his stake. New entrants to the top ten shareholders included Agricultural Bank of China Strategy Mixed Fund and Agricultural Bank of China Strategy Selected Mixed Fund [13][14].