Yantai China Pet Foods Co Ltd

Zhongchong Shares released its 2026 half-year report. In the first half, operating revenue reached about 3.281 billion yuan, up 34.88% year on year, but net profit attributable to the parent company was about 127 million yuan, down 37.63% year on year. Net profit after deducting non-recurring items was about 124 million yuan, down 37.71% year on year. During the reporting period, pet snack revenue was about 2.055 billion yuan, accounting for 62.65% of total revenue, up 34.37% year on year. Pet staple food revenue was about 998 million yuan, accounting for 30.41% of total revenue, up 27.33% year on year. Overseas revenue was about 2.138 billion yuan, accounting for 65.18% of total revenue, up 33.23% year on year. Domestic revenue was about 1.142 billion yuan, accounting for 34.82% of total revenue, up 35.78% year on year.

Zhongchong Pet Food and Peidi Pet Food were the first to release their half-year results, and both saw revenue increase while profits declined. Zhongchong Pet Food posted first-half revenue of 3.28 billion yuan, up 34.9 percent year on year, but net profit attributable to shareholders was 130 million yuan, down 37.6 percent. Peidi Pet Food reported revenue of 740 million yuan, up 1 percent, with net profit attributable to shareholders of 24.32 million yuan, down 69.3 percent. Both companies attributed the profit decline to rising raw material costs, increased brand promotion spending, and intensifying industry competition. At the 2026 Pet Fair Asia, industry participants said the era of growth driven by rising pet ownership has ended, and that formulation-based, functional, and innovative product upgrades are becoming the new growth area. Models such as fresh pet food and small-pack, low-ticket fresh meals are drawing attention.