Recently, Tianyuan Pets announced its annual report for the first half of 2023. The financial report shows that Tianyuan Pets’ revenue in the first half of the year was 1 billion yuan, and the net profit attributable to shareholders of the listed company was 30.56 million yuan.

< p>The details of the report are as follows:

Revenue in the first half of the year was 1 billion yuan

A year-on-year increase of 16.26%

The financial report shows that Tianyuan Pet’s total revenue in the first half of the year was 1 billion yuan Yuan, an increase of 16.26% year-on-year in the first half of 2022, and the net profit attributable to shareholders of listed companies was 30.56 million yuan, a decrease of 35.91% year-on-year in the first half of 2022. Basic earnings per share were 0.24 yuan, a year-on-year decrease of 52%.

The report shows that the revenue growth is mainly due to the significant increase in the pet food business in this period compared with the same period last year.

Pet product revenue of 600 million yuan

Food revenue doubled compared with the same period last year

According to the financial report, in terms of industries, Tianyuan Pet’s pet products Revenue from the supplies segment was 600 million yuan, a decrease of 7.67% compared to last year; revenue from the pet food segment was 393 million yuan, an increase of 100.12% from last year; revenue from other businesses was 6.44 million yuan, a decrease of 47.11% from last year.

< p>In terms of products, the revenue of the pet nest mat series products was 113 million yuan, a decrease of 21.06% year-on-year; the cat climbing frame was 168 million yuan, a decrease of 1.74% year-on-year; the revenue of pet toys was 128 million yuan, a decrease of 20.1% year-on-year; < /p>

Pet food revenue was 393 million yuan, a year-on-year increase of 100.12%; other supplies revenue was 192 million yuan, a year-on-year increase of 8.77%; other business revenue was 6.44 million yuan, a year-on-year decrease of 47.11%

The rapid growth of pet food is mainly due to the fact that Tianyuan takes the lead in authorizing and cooperating to sell internationally renowned pet food brand products, and gradually establishes close cooperative relationships with internationally renowned pet food companies such as Champion Company, Nestlé, and Mars. Mainly through cross-border imports, general trade channel imports, etc., we sell internationally renowned pet food brand products to the domestic market, and establish and consolidate the company's domestic online and offline sales channels.

Overseas revenue was 521 million yuan

Domestic growth exceeded 66%

In terms of regions, Tianyuan Pet’s overseas revenue was 521 million yuan, a year-on-year increase of 521 million yuan. A decrease of 8.92%; domestic revenue was 482 million yuan, an increase of 66.13% over the same period last year.

The financial report shows that it is understood that Tianyuan Pet has adopted a development strategy for its domestic business of using food-driven supplies to expand domestic online and offline channels and promote coordinated sales of pet food and pet supplies.

Established an investment company with Decheng Private Equity

Build a self-built pet industrial park

In the investment status analysis announced by Tianyuan Pet, Tianyuan Pet invested a total of 482 million, an increase of 1133.89% year-on-year.

Including equity investment - investing 150 million yuan to jointly establish Hainan Yuancheng Deyuan Venture Capital Partnership (Limited Partnership) with Shenzhen Decheng Private Equity Investment Fund Management Co., Ltd. and Fu Decai, holding shares The proportion is 49.83%;

Non-equity investment - investing 22.53 million yuan to build the Tianyuan Pet Industrial Park.

Tianyuan Pet’s main subsidiaries and joint-stock companies that have an impact of more than 10% on the company’s net profit. Among them, Huzhou Tianyuan’s revenue in the first half of the year was 113 million yuan and net profit was 14.14 million yuan; Hangzhou Hongwang’s first half operation The revenue was 82.72 million yuan, with a net profit of 4.46 million yuan; Hangzhou Saiwang’s revenue in the first half of the year was 181 million yuan, with a net profit of 360,000 yuan.