New era, new treatment, cute pets can sing.

New era, new treatment, cute pet singing.

Gone are the days when we only ate leftovers and put them out to prepare some wild food to satisfy our hunger.

Now I would rather have no fish than let my cute pet go hungry.

Under the trend of never letting your beloved pets suffer even a little bit, the status of pets is rising day by day.

Pets are the only comfort in the hearts of urban people in cold walls, and pets are the only sustenance in the hearts of modern people with fierce competition.

When I go home every day, that cute, harmless, and aggrieved face can immediately make people feel at home. Society may not necessarily need my existence, but pets cannot survive without me.

This sense of being needed has stimulated the surge in the number of pets and the prosperity of the pet industry.

Taking care of pets takes more time than taking care of family members. The money spent on pets is not called money, it is called love.

This is deeply reflected in the performance reports of the pet industry.

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Compared with the decline in performance of mainstream consumer companies, the performance of several pet companies have all bucked the trend and increased, which also proves that people's consumption is not as good as Animal consumption is more profitable.

Zhong Chong shares, the third quarterly report operating income increased by 21.38%, net profit increased by 24.99%;

Petty shares, the third quarterly report operating income increased by 48.01%, net profit increased by 100.68%;

Yiyi Shares, in the third quarter, operating income increased by 20.77%, and net profit increased by 22.53%;

Yuanfei Pets, in the third quarterly report, operating income decreased by 6.1%, but net profit still increased by 21.11%;

Lu Si shares reported a third-quarter operating income increase of 14.12% and a net profit increase of 30.5%.

The net profits of these A-share pet economy companies all increased by more than 20 times, and their PE was only around 20 times. Their high prosperity and low PE supported their stocks and did not make much correction in the bear market.

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At first glance, Petty Shares' net profit growth of 100.68 is the most eye-catching, and its PE is only 20.38, which seems to be seriously underestimated.

This is actually quite strange. It is clear that the gross profit margin of sales has dropped, but the net profit has increased so much.

Looking carefully at the net profit composition, you can find that the financial expenses in this year's third quarter report were -55.19 million, compared with 17.18 million last year. One in and one out increased the net profit by 72.37 million.

Excluding this part of the windfall, the net profit in the third quarter was 86 million, a year-on-year increase of 8.86, which is still a net increase.

Where does this revenue come from?

The exchange gains generated by the depreciation of the RMB have had a huge positive impact on the company's performance.

If the exchange earnings are sustainable, then the company's market value is seriously undervalued. If it is not sustainable, it is still slightly overvalued.

Is this part of the exchange income sustainable?

As mentioned earlier, the cross-shore exchange rate may remain at a high level and fluctuate, so this year’s exchange gains will definitely continue, and the fourth quarter results or annual report are expected to be even more impressive.

Next year, we will have to wait and see when the other side stops raising interest rates or is expected to cut interest rates, and when the RMB appreciates before making further judgments.