重要内容提示： 证券代码：603008 证券简称：喜临门 公告编号：2025-025 喜临门家具股份有限公司 2024年年度股东大会决议公告 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。 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 5 月 23 日 (二)股东大会召开的地点：浙江省绍兴市越城区三江路 13-1 号喜临门袍江工厂 B 楼四楼国际会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 105 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 157,862,904 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 42.5000 | | 份总数的比例（%） | | 注：公司有表决权股份总数为本次股东大会股权登记日当日公司总股本扣除公司回购专 用证券账户股数 (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 会议由公司董事会召集， ...

Investment Rating - The report maintains a "Positive" investment rating for the light industry manufacturing sector, indicating an expectation of performance that exceeds the market benchmark by more than 5% [2]. Core Insights - The home furnishing sector is experiencing marginal recovery, with a high dividend payout ratio. In 2024, the home goods sector is projected to generate revenue of CNY 246.58 billion, a year-on-year increase of 2.3%, while net profit attributable to shareholders is expected to decline by 13.6% to CNY 15.86 billion [4][14]. - The report highlights that domestic demand for home goods is under pressure, but government subsidies are expected to fill the demand gap. The sales of building materials and home goods are projected to decline by 3.9% year-on-year in 2024, but there are signs of improvement in early 2025 [5][26]. - The external sales performance is strong, with furniture exports showing a recovery since November 2023, driven by overseas retailers replenishing inventory. However, the report emphasizes the need to monitor changes in tariff policies, particularly from the U.S. [6][40]. Summary by Sections 1. Home Furnishing Sector 2024 Annual Report & Q1 2025 - The home goods sector is under operational pressure, with only Q1 showing growth due to a low base effect from previous public health events. The profit margin has been declining, reflecting increased competition [4][14]. - In Q1 2025, the sector's revenue increased by 3.9% year-on-year, and net profit rose by 10.6%, indicating a recovery trend [4][14]. 2. Domestic Sales - The report notes that the domestic home goods market is facing challenges, with a projected decline in sales. However, the introduction of government subsidies is expected to stimulate demand, particularly in key cities [5][34]. - The dividend payout ratio for leading companies in the sector has increased, with many companies offering dividend yields exceeding 3% [5][35]. 3. External Sales - The report indicates that external sales have been performing well, with all key export companies reporting revenue growth in Q1 2025. The recovery in exports is attributed to overseas retailers restocking [6][40]. - The report warns of uncertainties related to U.S. tariff policies, which could impact future export orders [6][40]. 4. Investment Recommendations - The report suggests focusing on leading companies with high dividend yields and strong market positions, such as Gujia Home, Sophia, and Zhibang Home, as they are expected to benefit from government subsidies and have resilient performance [5][39].

Company Overview - The company held a performance briefing for the fiscal year 2024 and the first quarter of 2025 on May 21, 2025, at the Shanghai Stock Exchange [2][10] - The briefing was attended by key executives including the president, board secretary, and financial director, who engaged with investors on the company's operational results and financial status [2] Industry Insights - The domestic smart mattress penetration rate is currently low, primarily due to customer awareness, with the mattress industry in China still in its early development phase [3] - The company emphasizes the importance of technological innovation and product development, having invested over 1.2 billion yuan in R&D over the past decade [4] - The company launched the new technology sleep brand "aise宝褓" in April 2024, with sales exceeding 10 million yuan in the first quarter of 2025, indicating strong market acceptance [4] Core Technologies - The smart mattress incorporates several core technologies, including multi-modal biological sensing data collection and analysis, active sleep intervention techniques, and emotional companionship through intelligent interaction [5][6] Market Trends - The furniture manufacturing industry in China reported a revenue of 677.15 billion yuan in 2024, with a slight year-on-year growth of 0.4%, while profits slightly decreased by 0.1% [7] - The mattress market is characterized by a fragmented landscape with many brands, but there is a trend towards consolidation among leading companies [7][8] Future Outlook - The company anticipates significant growth in the mattress market driven by increasing consumer awareness of sleep quality and ongoing innovation in the home furnishings sector [8] - Future profitability will be driven by a dual focus on deepening sleep technology and high-quality, efficient development strategies [9]

喜临门家具股份有限公司 关于 2024 年度暨 2025 年第一季度业绩说明会召开情况的公告 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。 前瞻性陈述的风险提示： 本次会议交流中涉及的未来计划、市场发展战略、市场预测等前瞻性陈述不 构成本公司对投资者的实质承诺，投资者及相关人士均应当对此保持足够的风险 认识，并且应当理解计划、预测与承诺之间的差异，注意投资风险。 喜临门家具股份有限公司（以下简称"公司"）于2025年5月21日9:00-10:00 在上海证券交易所上证路演中心（http://roadshow.sseinfo.com/）以网络互动 方式召开了 2024 年度暨 2025 年第一季度业绩说明会。现将本次业绩说明会召开 情况公告如下： 一、 业绩说明会召开情况 公司于 2025 年 4 月 29 日在上海证券交易所网站(www.sse.com.cn)和《中国 证券报》《上海证券报》《证券时报》《证券日报》披露了《关于召开 2024 年 度暨 2025 年第一季度业绩说明会的公告》（公告编号：2025-021）。 2 ...

喜临门家具股份有限公司 2024 年年度股东大会会议资料 二○二五年五月二十三日 1 / 31 | | | 喜临门家具股份有限公司 股东大会会议须知 喜临门家具股份有限公司 2024 年年度股东大会会议须知 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《喜临门家具股份有限公司章 程》（以下简称"《公司章程》"）的规定，特制定本须知： 一、喜临门家具股份有限公司（以下简称"公司"或"本公司"）根据《中华人民 共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券 法》"）、《上海证券交易所股票上市规则》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。 三、为保证本次会议的严肃性和正常秩序，除出席会议的股东及股东代理人、董事、 监事、公司高级管理人员、公司聘任律师及中介机构外，公司有权依法拒绝其他人员入 场，对于干扰会议秩序，寻衅滋事和侵犯其他股东合法权益的行为，公司有权予以制止 并及时 ...

核心观点 25Q1 公司营收同比-1.76%，预估自主品牌表现平稳（线下有所下滑、线上30%+高增），工程业务 10%+稳健增长；25Q1 归母净利润同比-4.02%，主要受品牌费用前置摊销影响。24 年床垫产品引领增 长，24Q4 国补带动线上增长提速、线下渠道转为正增长。 行业竞争加剧下24 年毛利率有所下降，公司加大费用投放。2024 年公司毛利率33.67%/-0.70pct，其中 床垫、软床及配套品、沙发、木制家具毛利率分别为38.40%、29.32%、18.75%、1.46%，同比 +0.12、-1.13、-6. 82、+0.31pct。24 年归母净利率为3.69%/-1.25pct，主要系销售费用率提升。24 年公司 销售、管理、研发、财务费用率分别为21.43%/+1.16pct、5.31%/+0.44pct、1.86%/-0.21pct、 0.35%/+0.22pct。销售费用率增加主要因为品牌推广费用增加。 盈利预测：预计公司2025-2027 年营收分别为94.6、101.1、107.6 亿元，分别同比增长8.3%、6.9%、 6.4%；归母净利润分别为4.2、4.7、5.2 亿元，分 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：603008 证券简称：喜临门 公告编号：2025-023 喜临门家具股份有限公司 关于公司控股股东部分股份解除质押的公告 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"）控股股东浙江华易智能制造有限公司（以下简称"华易 智能制造"）持有公司股份84,799,659股，占公司总股本的22.38%。本次股份解除质押后，华易智能制 造累计被质押股份40,670,000股，占其所持股总数的47.96%，占公司总股本的10.73%。 ● 华易智能制造、华易智能制造一致行动人绍兴市越城区华瀚股权投资合伙企业（有限合伙）（以下简 称"华瀚投资"）、公司实际控制人陈阿裕先生、陈阿裕先生和其子女共同委托设立的陕国投·金玉201号 证券投资集合资金信托计划（以下简称"金玉201号信托计划"）合计持有公司股份133,910,234股，占公 司总股本的35.33%。本次股份解除质押后，累计被质押股份65,520,000股，占其所 ...

Investment Rating - The investment rating for the company is not explicitly stated in the provided documents, but the report indicates a positive outlook for growth and profitability recovery in 2025 [1]. Core Views - The company, as a leader in the mattress industry, is currently facing short-term performance pressure due to insufficient demand and intensified industry competition. However, it possesses leading technology and a comprehensive product matrix, with strong online retail performance. The company is expected to return to growth and release profits in 2025, driven by national subsidy policies [1][2]. Summary by Sections Financial Performance - In 2024, the company achieved revenue of 8.729 billion yuan, a year-on-year increase of 0.6%, and a net profit attributable to shareholders of 322 million yuan, a decrease of 24.8%. In Q1 2025, revenue was 1.730 billion yuan, down 1.8%, with a net profit of 71 million yuan, down 4.0% [1]. - The company's mattress and soft bed products generated revenue of 5.27 billion yuan in 2024, with a year-on-year growth of 5.1%. In Q1 2025, these products achieved revenue of 1.13 billion yuan, a year-on-year increase of 10.0% [2]. Business Segments - The company's self-owned brand retail segment generated 5.33 billion yuan in revenue in 2024, down 4.7%, with online sales growing by 9.9% to 1.98 billion yuan. The engineering business saw a revenue increase of 31.0% to 560 million yuan in 2024 [3]. - The OEM segment reported revenue of 2.55 billion yuan in 2024, up 9.2%, while cross-border e-commerce revenue was 290 million yuan, down 11.6% [3]. Profitability and Margins - The gross margin for 2024 was 33.67%, a decrease of 0.70 percentage points, primarily due to increased competition and changes in product structure. The net profit margin was 3.69%, down 1.25 percentage points [4]. - The company maintained a healthy cash flow, with operating cash flow of 787 million yuan in 2024, despite a decrease of 467 million yuan year-on-year. The dividend payout ratio increased to 84.73% [6]. Future Projections - The company is projected to achieve net profits of 420 million yuan, 450 million yuan, and 490 million yuan for 2025, 2026, and 2027, respectively, with corresponding P/E ratios of 14.3X, 13.2X, and 12.3X [6].

Investment Rating - The investment rating for the company is not explicitly stated in the provided documents, but the report indicates a positive outlook for growth and profitability recovery in 2025 [1]. Core Viewpoints - The company, as a leader in the mattress industry, is currently facing short-term performance pressure due to insufficient demand and intensified industry competition. However, it possesses leading technology and a comprehensive product matrix, with strong online retail performance. The company is expected to return to growth and release profits in 2025, driven by national subsidy policies [1]. - In 2024, the company achieved revenue of 8.729 billion yuan, a year-on-year increase of 0.6%, and a net profit attributable to shareholders of 322 million yuan, a year-on-year decrease of 24.8% [1]. - The company has successfully upgraded its core technology modules based on its self-created "three-stage sleep aid theory," maintaining a leading position in the offline market and achieving record sales in its online product series [2]. Summary by Sections Revenue Performance - In 2024, the company's revenue from various product categories was as follows: mattresses (5.27 billion yuan, +5.1%), soft beds (2.44 billion yuan, -8.4%), sofas (720 million yuan, -6.6%), and wooden furniture (170 million yuan, +27.5%) [2]. - For Q1 2025, revenue from mattresses was 1.13 billion yuan (+10.0%), while soft beds, sofas, and wooden furniture saw declines of -18.0%, -26.0%, and +59.0%, respectively [2]. Business Segments - The company's self-owned brand retail segment generated 5.33 billion yuan in 2024, a decrease of 4.7%, with online sales growing by 9.9% to 1.98 billion yuan, while offline sales fell by 11.6% to 3.35 billion yuan [3]. - The self-owned brand engineering segment saw a revenue increase of 31.0% in 2024, reaching 560 million yuan, with Q1 2025 revenue at 120 million yuan (+11.5%) [3]. - OEM revenue in 2024 was 2.55 billion yuan (+9.2%), while cross-border e-commerce revenue was 290 million yuan (-11.6%) [3]. Profitability and Financial Metrics - The company's gross margin for 2024 was 33.67%, a decrease of 0.70 percentage points year-on-year, primarily due to increased competition and changes in product structure [4]. - The net profit margin for 2024 was 3.69%, down 1.25 percentage points year-on-year, attributed to increased sales expense ratios [4]. - The company maintained a healthy cash flow, with operating cash flow of 787 million yuan in 2024, and a dividend payout of 273 million yuan, resulting in a payout ratio of 84.73% [6]. Future Earnings Forecast - The company is projected to achieve net profits of 420 million yuan, 450 million yuan, and 490 million yuan for the years 2025, 2026, and 2027, respectively, with corresponding P/E ratios of 14.3X, 13.2X, and 12.3X [6].

重要内容提示： | 回购方案首次披露日 | 2024/9/5 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 2024 年 9 月 9 | 23 | 日~2025 | 年 | 月 | 22 | 日 | | 预计回购金额 | 10,000万元~20,000万元 | | | | | | | | 回购用途 | √减少注册资本 □用于员工持股计划或股权激励 | | | | | | | | | □用于转换公司可转债 | | | | | | | | | □为维护公司价值及股东权益 | | | | | | | | 累计已回购股数 | 7,550,400股 | | | | | | | | 累计已回购股数占总股本比例 | 1.99% | | | | | | | | 累计已回购金额 | 12,999.24万元 | | | | | | | | 实际回购价格区间 | 14.83元/股~20.60元/股 | | | | | | | 证券代码：603008 证券简称：喜临门 公告编号：2025-022 喜临门家具股份有限公司 关于以 ...