关于召开 2023 年度暨 2024 年第一季度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 喜临门家具股份有限公司（以下简称"公司"）已于 2024 年 4 月 26 日、2024 年 5 月 15 日发布了《喜临门家具股份有限公司 2023 年年度报告》《喜临门家具 股份有限公司 2023 年年度报告（更正后）》，并于 2024 年 4 月 30 日、2024 年 5 月 7 日发布了《喜临门家具股份有限公司 2024 年第一季度报告》《喜临门家具股 份有限公司 2024 年第一季度报告（更正后）》，为便于广大投资者更全面深入地 了解公司 2023 年度及 2024 年第一季度经营成果、财务状况，公司计划于 2024 年 5 月 28 日上午 9:00-10:00 举行 2023 年度暨 2024 年第一季度业绩说明会，就 投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2023 年度及 2024 年第 一季度的经营成果及财务指标的具体情况与投 ...

Financial Performance - The company's operating revenue for 2023 reached ¥8,678,353,520.64, representing a 10.71% increase compared to ¥7,838,725,425.43 in 2022[26]. - The net profit attributable to shareholders for 2023 was ¥428,873,752.95, an increase of 80.54% from ¥237,546,842.98 in the previous year[26]. - The net cash flow from operating activities was ¥1,253,108,526.95, which is a 48.95% increase from ¥841,286,922.92 in 2022[26]. - The basic earnings per share for 2023 was ¥1.11, up 79.03% from ¥0.62 in 2022[27]. - The weighted average return on equity increased to 11.71%, up 4.58 percentage points from 7.13% in 2022[28]. - The total assets at the end of 2023 were ¥8,905,200,286.09, a decrease of 1.52% from ¥9,042,349,111.23 at the end of 2022[26]. - The net assets attributable to shareholders increased to ¥3,699,181,749.39, reflecting a 5.80% increase from ¥3,496,426,693.04 in 2022[26]. - The company reported a net profit of ¥61,631,455.98 in Q1 2023, with total revenue of ¥1,467,416,299.96 for the same period[30]. - The net profit after deducting non-recurring gains and losses for 2023 was ¥376,644,495.23, an increase of 84.18% from ¥204,495,922.91 in 2022[26]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 5.00 per 10 shares, totaling approximately RMB 189.5 million, which represents 44.18% of the net profit attributable to shareholders for the year[5]. - As of December 31, 2023, the company's distributable profits amounted to RMB 2.33 billion[5]. - The company has not disclosed any significant changes in its total share capital prior to the dividend distribution date[5]. - The company is committed to maintaining transparency and will adjust the distribution total if there are changes in the total share capital before the dividend distribution[5]. - The total cash dividend for 2023, including share buybacks, is expected to be RMB 389,489,819.03, representing 90.82% of the net profit attributable to shareholders[158]. Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[4]. - The board of directors has confirmed the authenticity, accuracy, and completeness of the annual report, with no false records or misleading statements[7]. - The company does not have any non-operating fund occupation by controlling shareholders or related parties[8]. - There are no violations of decision-making procedures regarding external guarantees[8]. - The company has established a robust internal control system and conducted an internal control audit to ensure compliance and risk management[124]. - The company has improved its information disclosure practices, ensuring transparency and protecting investors' rights by designating multiple media outlets for announcements[125]. - The company actively engages with investors through regular performance briefings and feedback mechanisms to safeguard their interests[126]. - The company received a warning letter from the China Securities Regulatory Commission on July 7, 2023, emphasizing the need for compliance and internal control improvements[139]. Market and Industry Insights - In 2023, the company achieved revenue and profit growth, despite a challenging domestic furniture consumption market influenced by the real estate cycle[35]. - The mattress industry in China is projected to continue growing, with a compound annual growth rate (CAGR) of 12.2% from 2011 to 2019, making China the largest mattress market globally[44]. - The mattress penetration rate in China is only 60%, indicating significant growth potential compared to the 85% rate in the US, driven by changing consumer lifestyles and increasing health awareness[44]. - The mattress replacement frequency in China is currently 3-5 years for only 19% of consumers, indicating potential for increased consumption frequency[45]. - The market size of China's mattress industry reached approximately 72.9 billion yuan by the end of 2022, with the spring mattress segment being the largest[46]. - The demand for mattresses in China is projected to continue growing, with an estimated demand of 55 million units in 2021 and a market size expected to exceed 100 billion yuan in the coming years[47]. Strategic Initiatives - The company is focusing on high-quality development, improving procurement, manufacturing costs, and operational efficiency through a structured internal control system[40]. - The company is committed to integrating innovation and technology in product development, including the launch of AI smart mattresses in collaboration with a Nobel laureate[38]. - The company aims to enhance its market share and explore new demands through a diversified channel strategy and deep market penetration[36]. - The company has established long-term partnerships with high-end hotels and other sectors, enhancing its market share in the hotel mattress segment[59]. - The company is actively maintaining shareholder value through share repurchase programs and plans to continue its strategic focus on health sleep solutions[41]. Research and Development - The company has a strong R&D team and has developed proprietary technologies in spring production and mattress design[65]. - R&D expenses decreased by 6.08% to ¥179.85 million from ¥191.49 million[71]. - Total R&D investment accounted for 2.07% of operating revenue, with a total R&D expenditure of ¥179,848,976.03[81]. - The number of R&D personnel was 749, representing 8.23% of the total workforce[82]. - The company has conducted various training programs to enhance the capabilities of management and key personnel, ensuring effective talent supply for sustainable growth[152]. Corporate Governance - The company emphasizes governance and has established a reasonable incentive and restraint mechanism for the management's compensation[137]. - The company has a structured compensation scheme for directors and senior management, which is reviewed and approved by the board and supervisory committee[136]. - The company is focused on enhancing its governance structure and aligning management incentives with performance outcomes[136]. - The company has a diverse board with independent directors contributing to its strategic direction[135]. - The company has seen changes in its management team, with several key appointments and resignations in 2023[135]. Environmental and Social Responsibility - The company invested approximately 877.98 million CNY in environmental protection during the reporting period[170]. - The company reduced carbon emissions by approximately 4,698.84 tons of CO2 equivalent through various carbon reduction measures, including the purchase of 4,200 I-REC international green certificates[173]. - The company made a total of 234.09 million CNY in donations for social responsibility projects, including bedding and supplies for various charitable causes[176]. - The company contributed 188.69 million CNY towards poverty alleviation and rural revitalization efforts, providing bedding and supplies to improve living conditions in impoverished areas[178]. - The company established a 5G+ industrial internet platform to enhance manufacturing efficiency and promote green development in the mattress industry[174].

Financial Performance - The total assets at the end of the reporting period amounted to 8,900,000,000 RMB, with a decrease of 4.5% compared to the previous period[2] - Short-term borrowings decreased by 36.12% to 1,074,893,523.93 RMB from 1,682,651,610.59 RMB in the previous period[4] - The company's contract liabilities decreased by 33.19% to 246,347,867.04 RMB, attributed to a reduction in advance payments received[4] - The long-term receivables decreased by 54.48% to 32,198,541.10 RMB, mainly due to the recovery of long-term receivables[4] - The financial assets measured at fair value showed a loss of 688,682.07 RMB in the reporting period, compared to a loss of 2,846,329.96 RMB in the previous year[5] - The total accounts receivable at the end of the period was 968,983,161.93 RMB, with a bad debt provision of 76,037,887.57 RMB, maintaining a provision ratio of 7.85%[5] Construction and Expenditures - The construction in progress increased by 237.77% to 457,552,881.09 RMB, primarily due to increased expenditures on the Jiangxi factory[4] Corporate Governance and Communication - The company plans to enhance the quality of information disclosure in future reports to avoid similar errors[7] - The company expressed apologies for any inconvenience caused to investors due to the corrections made in the annual report[7] - The corrected annual report will be disclosed on the Shanghai Stock Exchange website on the same day as this announcement[7]

二○二四年五月二十三日 喜临门家具股份有限公司 2023 年年度股东大会会议资料 为了维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保证会议的 顺利进行，根据中国证监会《上市公司股东大会规则》及《公司章程》的规定，特制定 本须知： 一、本公司根据《公司法》《证券法》《上市公司股东大会规则》及《公司章程》的 规定，认真做好召开股东大会的各项工作。 二、本次会议期间，全体参会人员应以维护股东的合法权益，确保会议的正常秩序 和议事效率为原则，自觉履行法定义务。 1 / 33 | 喜临门家具股份有限公司 2023 年年度股东大会会议须知 | 3 | | --- | --- | | 喜临门家具股份有限公司 2023 年年度股东大会会议议程 | 5 | | 议案一：《2023 年度董事会工作报告》 | 7 | | 议案二：《2023 年度监事会工作报告》 | 12 | | 议案三：《2023 年年度报告及摘要》 | 15 | | 议案四：《2023 年度财务决算报告》 | 16 | | 议案五：《2023 年度利润分配预案》 | 18 | | 议案六：《关于 2023 年度董事、监事薪酬确认及 2024 年度 ...

Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,761,132,019.31, representing a year-on-year increase of 20.02%[5] - The net profit attributable to shareholders for the same period was CNY 74,079,494.92, reflecting a growth of 20.20% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 48.62%, amounting to CNY 74,303,818.09[5] - The basic earnings per share for Q1 2024 was CNY 0.19, an increase of 20.20% year-on-year[5] - Operating profit for Q1 2024 was ¥85,977,751.71, up from ¥67,781,645.32 in Q1 2023, reflecting a growth of approximately 27%[21] - Net profit for Q1 2024 was ¥75,474,696.36, compared to ¥62,641,395.91 in Q1 2023, representing a year-over-year increase of about 20%[21] - The company's total equity increased to ¥4,010,490,130.69 in Q1 2024, compared to ¥3,938,697,085.52 in Q1 2023, reflecting a growth of approximately 2%[17] - Basic earnings per share for Q1 2024 were ¥0.19, up from ¥0.16 in Q1 2023, marking a 19% increase[22] Cash Flow - The net cash flow from operating activities was negative at CNY -327,952,119.82, a decline of 47.63% year-on-year[5] - Cash flow from operating activities for Q1 2024 was ¥2,036,618,068.39, compared to ¥1,528,488,249.26 in Q1 2023, representing a growth of about 33%[24] - The net cash flow from operating activities was -327,952,119.82, an improvement from -626,170,105.67 in the previous year[25] - Total cash inflow from operating activities reached 2,246,890,891.67, compared to 1,670,098,089.33 in the same period last year, indicating a year-over-year increase of approximately 34.4%[25] - Cash outflow from operating activities totaled 2,574,843,011.49, up from 2,296,268,194.99, reflecting a 12.1% increase year-over-year[25] - The net cash flow from investing activities was -90,709,955.39, slightly improved from -110,528,288.90 in the previous year[26] - Cash inflow from financing activities amounted to 1,318,894,752.22, down from 1,982,461,394.86, representing a decrease of approximately 33.4% year-over-year[26] - The net cash flow from financing activities was 202,684,082.08, compared to 393,301,758.97 in the previous year, showing a decline of about 48.5%[26] Assets and Liabilities - The total assets at the end of the reporting period were CNY 8,679,489,496.84, down 2.53% from the end of the previous year[6] - The total liabilities decreased to ¥4,668,999,366.15 in Q1 2024 from ¥4,966,503,200.57 in Q1 2023, a reduction of about 6%[17] - Current assets totaled RMB 4,508,356,453.25, down from RMB 4,687,192,374.30, indicating a decrease of about 3.83%[15] - Non-current assets totaled RMB 4,171,133,043.59, a slight decrease from RMB 4,218,007,911.79, indicating a decline of approximately 1.11%[15] Shareholder Information - The company reported a total of 84,799,659 shares held by Zhejiang Huayi Intelligent Manufacturing Co., Ltd., representing 22.38% of the total shares[11] - The top ten unrestricted shareholders collectively hold 100% of the unrestricted circulating shares, with no changes reported in their financing activities[12] Research and Development - Research and development expenses increased to ¥44,750,779.71 in Q1 2024, up from ¥34,928,966.43 in Q1 2023, indicating a growth of approximately 28%[20] Other Financial Metrics - The company's total costs for Q1 2024 were ¥1,679,724,226.31, an increase from ¥1,436,143,351.26 in Q1 2023, reflecting a rise of approximately 17%[20] - The company reported a decrease in financial expenses to ¥6,174,497.52 in Q1 2024 from ¥20,013,092.96 in Q1 2023, a reduction of about 69%[20] - The ending balance of cash and cash equivalents was 1,258,352,678.59, an increase from 884,263,366.84 at the end of the previous year[26] - The company received cash from investment income totaling 1,571,538.55, compared to 1,285,369.98 in the same period last year, marking a year-over-year increase of approximately 22.3%[25] - Cash paid for purchasing goods and services was 1,407,554,545.13, up from 1,299,893,184.81, indicating an increase of about 8.4% year-over-year[25] - The company paid 297,510,825.79 in cash to employees, slightly up from 293,483,333.38, reflecting a marginal increase of 1.1%[25] Strategic Developments - The company has not disclosed any significant new strategies or product developments during the reporting period[13]

Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,761,132,019.31, representing a year-on-year increase of 20.02%[3] - The net profit attributable to shareholders for Q1 2024 was CNY 74,079,494.92, reflecting a year-on-year increase of 20.20%[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 74,303,818.09, showing a significant year-on-year increase of 48.62%[3] - The basic and diluted earnings per share for Q1 2024 were both CNY 0.19, up by 20.20% year-on-year[3] - The weighted average return on equity for Q1 2024 was 1.98%, an increase of 0.26 percentage points compared to the previous period[5] Cash Flow and Assets - The net cash flow from operating activities for Q1 2024 was -CNY 327,952,119.82, indicating a year-on-year decrease of 47.63%[3] - As of March 31, 2024, the company's inventory was CNY 1,016,667,021.17, compared to CNY 1,035,819,514.09 as of December 31, 2023[7] - The company's contract assets as of March 31, 2024, were CNY 14,162,643.49, down from CNY 16,820,825.77 as of December 31, 2023[7] Reporting and Compliance - The company has committed to improving the quality of its periodic report disclosures to avoid similar issues in the future[9] - The corrections made in the Q1 2024 report do not impact the company's financial status or operational results[1]

Investment Rating - The report maintains a "Recommended" rating for the company, with a current price of 17.75 yuan [13]. Core Insights - The company achieved revenue of 8.678 billion yuan in 2023, representing a year-on-year growth of 10.71%. The net profit attributable to shareholders was 429 million yuan, up 80.54% year-on-year [1][3]. - The gross margin improved due to a higher proportion of high-margin mattress sales and ongoing cost reduction efforts. The gross margins for 2023 were 34.37% overall, with specific segments showing varying margins [2][10]. - The company is expected to continue its steady growth, with projected net profits of 620 million yuan, 700 million yuan, and 780 million yuan for 2024, 2025, and 2026, respectively [2][3]. Financial Performance - In Q4 2023, the company reported revenue of 2.609 billion yuan, a 24.39% increase year-on-year, while the net profit attributable to shareholders reached 39 million yuan, up 125.49% year-on-year [1][2]. - The company’s revenue from mattresses, soft beds, and related products grew by 23.94%, while the overall revenue from online sales increased by 22% [10][11]. - The projected revenue for 2024 is estimated at 9.854 billion yuan, with a growth rate of 13.6% [3][14]. Business Segments - The company’s mattress segment showed significant growth, while the soft bed and sofa segments experienced slight declines. The furniture segment, however, saw a 27.93% increase [10][11]. - The company has expanded its retail presence, with a total of 4,653 stores, including specialized stores for its brands [10][11]. Future Outlook - The company is expected to leverage new channels for growth in 2024, focusing on offline multi-channel strategies and enhancing online sales through emerging platforms [2][11]. - The report highlights the potential for cross-border e-commerce to contribute to revenue growth in the coming years [11].

Investment Rating - The report maintains a "Buy" rating for the company, indicating a projected investment return exceeding 15% over the next 6-12 months [6][8]. Core Insights - The company's core mattress business has shown strong growth, with 2023 revenue and net profit reaching 8.68 billion and 429 million yuan, respectively, representing year-on-year increases of 10.7% and 80.5% [7][8]. - The report highlights the company's diversified channel strategy and international business upgrades as key drivers for future growth, with revenue forecasts for 2024-2026 adjusted to 9.92 billion, 11.25 billion, and 12.93 billion yuan, respectively [8][17]. - The company has improved its profitability, with a gross margin of 34.4% in 2023, up 2.0 percentage points year-on-year, attributed to a higher proportion of high-margin mattress sales and enhanced supply chain management [7][8]. Summary by Sections Financial Performance - In 2023, the company achieved a revenue of 8.68 billion yuan and a net profit of 429 million yuan, with a significant increase in operating cash flow to 1.25 billion yuan, up 49% year-on-year [7][8]. - The revenue breakdown shows that the mattress segment generated 5.02 billion yuan, a 23.9% increase, while other segments like sofas and wooden furniture saw declines [7][8]. Profitability Metrics - The gross margin for the mattress segment was 38.3%, with overall company gross margin at 34.4% for 2023, reflecting effective cost management and product mix optimization [7][8]. - The report projects a slight decline in gross margin to 35.1% in 2024, with net profit forecasts of 481 million yuan for 2024 and 533 million yuan for 2025 [17][18]. Market Position and Growth Potential - The company is positioned as a leading player in the mattress industry, benefiting from increasing consumer focus on sleep quality and brand awareness [8][18]. - The report notes that despite short-term challenges in the real estate market, the mattress sector has significant growth potential due to its relatively short replacement cycle and ongoing consumer upgrades [8][18].

喜临门家具股份有限公司 2023 年度董事会审计委员会履职报告 根据中国证监会《上市公司治理准则》《上海证券交易所上市公司自律监管 指引第 1 号——规范运作》《喜临门家具股份有限公司章程》《喜临门家具股份有 限公司董事会审计委员会工作细则》的相关规定，喜临门家具股份有限公司（以 下简称"公司"）董事会审计委员会本着勤勉尽责的原则，认真履行监督职责。 现对董事会审计委员会 2023 年度的履职情况报告如下： 一、 董事会审计委员会基本情况 报告期内，公司第五届董事会审计委员会由独立董事刘裕龙先生、王浩先生、 董事陈萍淇女士三位委员组成。其中，主任委员由会计专业人士刘裕龙先生担任。 审计委员会下设审计部，负责公司内部审计、内部控制及其他相关工作。 二、 董事会审计委员会会议召开情况 2023 年度，公司董事会审计委员会共计召开 5 次会议，具体情况如下： 1、2023 年 1 月 13 日，召开第五届董事会审计委员会 2023 年第一次会议， 听取财务部关于 2022 年度整体经营情况及财务状况的汇报，了解公司经营发展 情况，对业绩预告事项进行商议；与外部审计机构沟通年审内容及工作安排，督 促落实公司 2022 ...

喜临门家具股份有限公司 董事会关于 2023 年度独立董事独立性自查情况的专项报告 根据《上市公司独立董事管理办法》《上海证券交易所股票上市规则》《上海 证券交易所上市公司自律监管指引第 1 号——规范运作》等相关要求，喜临门家 具股份有限公司（以下简称"公司"）董事会就公司 2023 年度在任独立董事刘裕 龙先生、王浩先生、朱峰先生的独立性情况进行核查、评估并出具如下专项意见： 喜临门家具股份有限公司 独立董事独立性自查情况的专项报告 经核查独立董事刘裕龙先生、王浩先生、朱峰先生的任职履历及其签署的关 于独立性自查文件等，上述人员未在公司担任除独立董事和董事会专门委员会委 员以外的任何职务，也未在公司主要股东公司担任任何职务，与公司以及主要股 东之间不存在利害关系或其他可能妨碍其进行独立客观判断的关系，不存在其他 影响独立董事独立性的情形。 因此，董事会认为公司独立董事符合《上市公司独立董事管理办法》《上海 证券交易所上市公司自律监管指引第 1 号——规范运作》等规定中对独立董事独 立性的相关要求。 2024 年 4 月 25 日 喜临门家具股份有限公司董事会 ...