China's A-share market is experiencing a 'pet economy boom'
2025-05-21
Chinese A-shares have recently sparked an investment boom in the pet economy, with related sectors leading the way in gains on the 20th, showing impressive performance. According to financial data service provider Tonghuashun, the pet economy concept sector rose 4.08% on that day; This sector has achieved continuous gains in the past 7 trading days, with a cumulative increase of over 11%, significantly outperforming the Shanghai Composite Index during the same period. In terms of individual stocks, the stock prices of Tianyuan Pet, Chuangyuan Shares, Yiyi Shares, Shifeng Culture and other individual stocks hit the daily limit up; Among them, Tianyuan Pet and Chuangyuan Shares recorded an increase of about 20%. In recent years, the development momentum of China's pet economy has been good. Taking e-commerce consumption as an example, there has been a significant increase in related sales revenue. According to media reports, on the evening of May 16th, the annual Tmall "618" shopping festival officially went on sale. In the first hour of sales, the transaction volume of 653 pet brands doubled year-on-year, with 9 pet brands exceeding 10 million yuan (RMB, the same below). Huatai Securities analyst Fan Junhao stated that the emotional positioning of "family like" has driven young Chinese people to become the main force in pet ownership, which in turn has led to a sustained increase in the number of pet owners and the amount invested in a single pet. Referring to overseas experience, there is still significant growth potential in China's segmented industries such as pet food and pet healthcare, and the industry has good development prospects. We are optimistic about the relevant sectors. In terms of index performance, as of the close of the day, the Shanghai Composite Index was at 3380 points, an increase of 0.38%; The Shenzhen Component Index closed at 10249 points, up 0.77%; The ChiNext Index closed at 2048 points, up 0.77%. The total transaction volume of the Shanghai and Shenzhen stock markets is about 1.1697 trillion yuan, an increase of about 83.2 billion yuan compared to the previous trading day. (New Society)
Edit:Yao jue Responsible editor:Xie Tunan
Source:CNS.cn
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