China's pet industry market size expands... to 279.3 billion by 2023 - Chinese report

According to the "China Pet Industry Report 2023-2024", the market size of China's pet industry will show a sustained growth trend from 2018 to 2023. In 2018, it was 1,708
The market size, which was previously estimated at 100 billion forma (approximately 3.5 trillion yen), is expected to increase 63.52% to 279.3 billion forma (approximately 5.7 trillion yen) by 2023.
Yantai China Pet Foods Co., Ltd. (Yantai Zhongchong Foods Co., Ltd.), a major pet food manufacturer and distributor
Recently, the company announced its financial results for the first half of this year. The company's sales for the first half of this year (January to June) increased 14.08% year-on-year to 1.956 billion yen (approximately 40 billion yen).
Net income attributable to shareholders of listed companies increased 48.11% year on year to 142 million former (approximately 2.9 billion yen). Net income excluding non-recurring income and losses attributable to shareholders of listed companies increased 48.83% year on year to 138 million former.
0 million (approximately 2.8 billion yen).