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The "Hot Cute Pets" initiative reactivates shelved projects, and Yantai China Pet Foods re-evaluates and continues the implementation of the annual 0.06 million tons pet food project | Quick read announcement.
① Yantai China Pet Foods announced that it has re-evaluated the "annual production of 0.06 million tons of high-quality pet dry food project" and will continue to implement it; ② The Pet Economy is booming, with the urban canine and feline consumer market scale in China soaring by 7.5% in 2024, breaking 300 billion yuan; ③ Yantai China Pet Foods achieved a Net income of 0.282 billion yuan in the first three quarters of 2024, a year-on-year increase of 59.54%.
Yantai China Pet Foods (002891.SZ): Overseas subsidiaries and export business are still expected to maintain stable growth in Q4.
Gelonghui on November 20 reported that yantai china pet foods (002891.SZ) recently stated in an investor relations activity that its overseas subsidiaries and export business will maintain stable growth in Q4. In the overseas subsidiary business, the USA factory completed its technical transformation in Q3, and normal production levels will resume in Q4. The orders for the Canadian factory in Q3 and Q4 are sufficient, and there are expectations for stable growth. Overall, the company's overseas business layout is reasonable, and the global supply chain layout both overseas and domestically enables the company to have strong risk resistance, with ample order demand, which will generally support the company's performance.
Yantai China Pet Foods (002891.SZ): Overseas subsidiaries with lower production capacity will be affected by exchange rates and tariffs.
Geelong November 20丨 Yantai China Pet Foods (002891.SZ) stated in recent investor relations activities that the company's production capacity is spread across China, USA, Canada, New Zealand, Cambodia, etc. The production capacity of overseas subsidiaries will be affected by exchange rates and tariffs, and the company will also arrange production factories according to customer order demands, giving customers more choices. Therefore, the company's global order acceptance level has always been relatively leading.
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