Yantai China Pet Foods (002891.SZ) expects a net profit of 360 million to 400 million yuan for the year 2024, an increase of 54.40% to 71.55%.

Yantai China Pet Foods (002891.SZ) released its performance forecast for the year 2024, expecting a net profit attributable to shareholders of the listed company of 360 million to 400 million yuan, a year-on-year increase of 54.40% to 71.55%. The performance in 2024 saw a significant increase compared to the same period last year, mainly due to the following reasons: 1. The company continues to focus on building its own brands, with Wanpy Playful, New Zealand Zeal True, and Toptrees Leading brands maintaining steady growth in gross profit, significantly increasing profitability, and driving overall profit growth steadily. The company's independent brands have achieved rapid growth in international business, accelerating the globalization of the brand. 2. The company continues to promote the layout of the global supply chain, with overseas business steadily growing and profitability continuously improving.