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.
Yantai China Pet Foods Co LtdRising raw material costs cited as a cause of profit decline.
Petpal Pet Nutrition Technology Co LtdRising raw material costs cited as a cause of profit decline.
