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The Three-year Loss for Petpal Pet Nutrition Technology (SZSE:300673) Shareholders Likely Driven by Its Shrinking Earnings
While it may not be enough for some shareholders, we think it is good to see the Petpal Pet Nutrition Technology Co., Ltd. (SZSE:300673) share price up 18% in a single quarter. But that doesn't
Petpal Pet Nutrition Technology (300673.SZ): In the overseas market, the company's product exports are mainly ODM, supplemented by some self-owned brand sales.
Petpal Pet Nutrition Technology (300673.SZ) stated on the investor interaction platform on June 17th that the company was established in October 2002 and is one of the earliest domestic enterprises specializing in the pet food industry. It has established long-term cooperative relationships with many pet product brands, retail supermarkets, and pet product specialty stores worldwide. In foreign markets, the company's products are mainly exported through ODM, supplemented by sales of some self-owned brands. In recent years, with a solid footing in overseas markets and overseas manufacturing, the company has been striving to implement global operations, actively developing self-owned brand business, and building multiple self-owned brands such as Jueyan, Haoshi Jia, and Chinen.
Petpal Pet Nutrition Technology (300673.SZ): intends to cooperate with Xiucheng Junyi in the specialized investment field of the pet industry.
On June 12th, Gelonhui announced that in order to accurately and efficiently grasp the development opportunities of China's pet industry, and to give play to their respective advantages and synergies, Hainan Xiucheng Junyi Private Equity Fund Management Co., Ltd. (Party A, hereinafter referred to as Xiucheng Junyi) and Petpal Animal Nutrition Technology Co., Ltd. (Party B, hereinafter referred to as the company) agreed to cooperate in the professional investment field of the pet industry. On June 11, 2024, they signed a strategic cooperation framework agreement. As the manager, Party A plans to initiate the establishment of the Pingyang Pet Industry Fund, with a fundraising target.
Petpal Pet Nutrition Technology (300673.SZ): Current ODM business for exporting to overseas markets is in a normal state of accepting and delivering orders, with full order tasks.
Peidi Pet Nutrition Technology (300673.SZ) stated on the investor interaction platform on June 4th that the current ODM business exported to the overseas market is in a normal state of receiving and delivering orders, with full order tasks, and each base is carrying out work in an orderly manner according to the established plan. Pet food is a basic consumer product for pet keeping and has strong ability to cross cycles. With a large and stable growth in the overseas market, the company will give full play to its advantages in research and development, global operation and other aspects to continuously enhance its competitiveness in the overseas market.
Petty Co., Ltd. (300673.SZ): The main raw materials are raw cowhide, chicken, vegetable starch, etc., not involving synthetic bioengineering
Gelonghui, May 15 | Petty Co., Ltd. (300673.SZ) said on the investor interactive platform that the company's main business integrates R&D, manufacturing, and sales of pet food with pet product brand operations. The main raw materials are raw cowhide, chicken, plant starch, etc., and does not involve synthetic bioengineering.
Petty Shares (300673.SZ): Total sales expenses are expected to maintain steady year-on-year growth in 2024
On May 13, Ge Longhui Co., Ltd. (300673.SZ) said at an online investor exchange event that the company implements a budget performance management system for sales expenses and assesses the efficiency and results of sales expenses investment. The company's own brand is currently still in the investment period. Brand building requires a certain cycle and costs a lot of money. In 2024, the company will continue to invest heavily in channels and promotion of key brands and key products. Total sales expenses are expected to maintain steady year-on-year growth in 2024 to support the goal of maintaining rapid growth in its own brand business.
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