Petpal Pet Nutrition Technology Co Ltd

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Petty Shares first-half 2026 net profit 24.32 million yuan, down 69.25% year on year

Petty Shares disclosed its 2026 semi-annual report. In the first half, total operating revenue reached 735 million yuan, up 0.96% year on year. Net profit attributable to the parent company was 24.32 million yuan, down 69.25% year on year. Net profit after deducting non-recurring items was 24.16 million yuan, down 68.73% year on year. Net cash flow from operating activities was negative 66.32 million yuan, compared with negative 31 million yuan in the same period last year. During the reporting period, basic earnings per share were 0.1 yuan, and the weighted average return on equity was 1.36%, down 2.54 percentage points year on year. The company's main business integrates research and development, manufacturing, and sales of pet food with brand operations for pet products.

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中国证券报·25dRead more →

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Pet Food Companies See Revenue Rise but Profits Fall; Functional Upgrades Become a Breakthrough

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.

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Petpal Pet Nutrition Vice President Chen Niehan: Meatyway brand debuts at Pet Fair Asia after upgrade, dual-track staple food strategy advances steadily

Chen Niehan, Vice President of Petpal Pet Nutrition and CEO of Petpal Smart Creation, said in an interview with Securities Times during Pet Fair Asia that the company has completed a systematic upgrade of its core proprietary brand Meatyway and made its first appearance at a major exhibition with the upgraded image. Chen Niehan pointed out that China's pet food industry is in a stage of simultaneous volume growth and quality improvement, and the rapid rise in industry concentration will give birth to brands with scale advantages. Petpal Pet Nutrition has built its core moat through global production capacity, a dual-track staple food layout, and a mature supply chain. Meatyway is advancing from a single snack brand to a pet health lifestyle brand, focusing on air-dried and baked products, with the future goal of gradually making staple food a major revenue growth driver. In terms of channels, the company has made Douyin and on-demand retail its two core breakthrough directions this year. High-end membership-based supermarkets such as Sam's Club grew more than 60 percent year on year in the first half and have become the second-largest channel after Tmall in sales. The 40,000-ton high-end staple food production line in New Zealand uses differentiated operations under the Smart Balance and Vivaland brands, targeting the global high-end market, with capacity ramp-up progressing steadily.

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