Petty Shares, the "first share of pet food", released its semi annual report for 2022 on August 29. By boosting domestic private brand business and giving full play to multiple competitive advantages in overseas markets, the company achieved a revenue of 846 million yuan in the first half of the year, up 18.93% year on year; Non net profit deducted reached 93.0398 million yuan, up 49.61% year on year; Basic earnings per share was 0.36, up 38.46% year on year.
According to the report, of the 93.0398 million yuan of non net profits deducted by Petit in the first half of this year, the first quarter (Q1) was 29.2692 million yuan and the second quarter (Q2) was 63.7706 million yuan. Non net profit deducted in the second quarter was the highest in a single quarter since the company was listed.
Of the 846 million yuan of revenue in the first half of the year of Petit, the domestic revenue was 110 million, with a small year-on-year growth; Overseas revenue was 736 million yuan, up 20.85% year on year. This is related to the strategy of domestic and overseas markets: in the domestic market, Petit implemented a multi brand strategy, focused on judging according to market trends and trends, focused on and inclined to the resource input of a single brand, and continued to launch new products; Overseas, Petit is an enterprise that has earlier responded to the national "the Belt and Road" initiative and successfully implemented the "going out" strategy to set up factories overseas. Through the "the Belt and Road" countries, it has realized the optimal allocation of resources, actively expanded production lines, and exploited new growth points of its own profits by taking advantage of regional raw materials and labor costs.
