证券代码：603008 证券简称：喜临门 公告编号：2023-044 喜临门家具股份有限公司 第五届董事会第十四次会议决议的公告 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。 一、董事会会议召开情况 喜临门家具股份有限公司（以下简称"公司"）于 2023 年 8 月 8 日以通讯 表决的方式召开第五届董事会第十四次会议。本次会议通知已于 2023 年 7 月 28 日通过电子邮件、传真、电话方式送达全体董事。 本次会议由董事长陈阿裕先生召集和主持，会议应参加董事 9 名，实际参 加会议董事 9 名。本次会议通过书面记名投票的方式进行表决，会议的召集、 召开和表决程序符合《公司法》和《公司章程》的规定，会议合法有效。 二、董事会会议审议情况 1、审议通过《2023 年半年度报告及摘要》 表决结果：同意：9 票；反对：0 票；弃权：0 票。 具体内容详见公司同日在《中国证券报》、《上海证券报》、《证券时报》、 《证券日报》和上海证券交易所网站（www.sse.com.cn）披露的《喜临门家具 股份有限公司 2023 年半年度报告 ...

2、本次聘任公司财务总监经公司总裁提名，并经董事会提名委员会审查、 董事会审议，其聘任程序符合法律、法规及《公司章程》的有关规定，不存在损 害股东和公司利益的情形。 综上，我们同意公司本次财务总监的聘任。 喜临门家具股份有限公司独立董事 刘裕龙、王浩、朱峰 2023 年 8 月 8 日 关于第五届董事会第十四次会议相关事项的独立意见 根据《上市公司独立董事规则》《上海证券交易所股票上市规则》《上市公司 治理准则》等规章制度、规范性文件及《喜临门家具股份有限公司章程》（以下 简称"《公司章程》"）《独立董事工作细则》的有关规定，基于客观公正、独立判 断的立场，作为喜临门家具股份有限公司（以下简称"公司"）的独立董事，对 公司第五届董事会第十四次会议相关事项进行了认真核查。经过审慎、认真的研 究，发表独立意见如下： 一、 关于聘任公司财务总监的独立意见 1、我们对所聘公司财务总监的个人简历、任职资格以及任职条件进行了审 核，认为其均具备担任相应职务的任职条件和工作能力，能够胜任所聘岗位职责 的要求，不存在《中华人民共和国公司法》《上海证券交易所股票上市规则》和 《公司章程》中规定的不得担任公司高级管理人员的情形， ...

喜临门家具股份有限公司（以下简称"公司"）于 2023 年 8 月 8 日在公司 3 号会议室以现场方式召开第五届监事会第十一次会议。本次会议通知已于 2023 年 7 月 28 日通过电子邮件、传真、电话方式送达全体监事。 本次会议由监事会主席陈岳诚先生召集和主持，会议应参加监事 3 名，实际 参加会议监事 3 名。本次会议通过书面记名投票的方式进行表决，会议的召集、 召开和表决程序符合《公司法》和《公司章程》的规定，会议合法有效。 第五届监事会第十一次会议决议的公告 本公司监事会及全体监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。 一、监事会会议召开情况 证券代码：603008 证券简称：喜临门 公告编号：2023-045 喜临门家具股份有限公司 二、监事会会议审议情况 1、审议通过《2023 年半年度报告及摘要》 表决结果：同意：3 票；反对：0 票；弃权：0 票。 特此公告。 喜临门家具股份有限公司监事会 二○二三年八月九日 （1）公司 2023 年半年度报告编制和审议程序符合法律、法规、公司章程和 公司内部管理制度的各项规定； （2） ...

Financial Performance - In 2022, the company's operating revenue was approximately CNY 7.84 billion, a year-on-year increase of 0.86% compared to CNY 7.77 billion in 2021[26]. - The net profit attributable to shareholders was CNY 237.55 million, representing a decrease of 57.49% from CNY 558.75 million in 2021[26]. - The basic earnings per share (EPS) for 2022 was CNY 0.62, down 57.24% from CNY 1.45 in 2021[26]. - The weighted average return on equity (ROE) decreased by 10.73 percentage points to 7.13% in 2022 from 17.86% in 2021[26]. - The net cash flow from operating activities increased by 19.57% to CNY 841.29 million in 2022, compared to CNY 703.61 million in 2021[26]. - The company's total assets increased by 8.80% to CNY 9.04 billion at the end of 2022, compared to CNY 8.31 billion at the end of 2021[26]. - The net assets attributable to shareholders increased by 9.28% to CNY 3.50 billion at the end of 2022, compared to CNY 3.20 billion at the end of 2021[26]. - The company achieved a revenue of 76.241 billion RMB in 2022, a year-on-year decline of 8.1%[42]. - The retail sales of furniture in China for 2022 reached 163.5 billion RMB, down 7.5% year-on-year[42]. Dividend Policy - The company plans to distribute a cash dividend of RMB 0.8 per 10 shares, totaling approximately RMB 30,993,422.96, which represents 13.05% of the net profit attributable to shareholders for 2022[7]. - As of December 31, 2022, the company's distributable profits amounted to RMB 1,926,775,888.15[7]. - The proposed cash dividend for 2022 is set at RMB 0.8 per share (including tax), based on a total share count of 387,417,787[151]. - The remaining undistributed profits will be carried forward for future distribution[151]. - The company has confirmed that the cash dividend policy complies with its articles of association and shareholder resolutions[152]. - There are no plans for stock dividends or capital increases in the current distribution proposal[151]. Corporate Governance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[6]. - The board of directors has confirmed that all members attended the board meeting, ensuring the integrity of the annual report[5]. - The company has not faced any situations where more than half of the directors could not guarantee the authenticity and completeness of the annual report[10]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[9]. - The company has not violated any decision-making procedures regarding external guarantees[10]. - The company has established a robust internal control system, complying with regulatory requirements and enhancing governance practices[119]. - The company has implemented internal control systems to ensure compliance and accuracy in financial reporting[160]. - The company has not faced any penalties from securities regulatory agencies in the past three years, indicating compliance with regulations[134]. Risk Management - The company emphasizes that forward-looking statements in the report do not constitute substantive commitments to investors, highlighting investment risks[8]. - The company has outlined potential risks and corresponding countermeasures in the management discussion and analysis section[11]. - The company is closely monitoring international trade dynamics and adjusting its overseas factory layout to mitigate risks from trade tensions[114]. - The company is enhancing its internal organizational structure and risk management processes to address the complexities of its expanding operations[115]. Strategic Initiatives - The company established a product management committee to enhance market demand analysis capabilities and improve user feedback systems[34]. - The company merged its product, research, and technology centers into a single R&D center to streamline the product development process[35]. - The company is focusing on enhancing marketing capabilities through digital marketing strategies, including collaborations with platforms like Xiaohongshu and Douyin[37]. - The company is implementing a full-link service system to improve customer satisfaction and response times, aiming for a comprehensive coverage of after-sales services[37]. - The company plans to deepen cost reduction and efficiency enhancement efforts to improve profitability in 2023[39]. - The company is committed to product innovation and brand strengthening, focusing on health-oriented features like anti-bacterial and anti-mite properties[46]. - The company has launched multiple product lines, including the "净眠" series aimed at providing tailored sleep solutions for Chinese consumers[47]. - The company is focusing on brand transformation and digital marketing to strengthen its market position in the sleep industry[71]. Employee Engagement and Development - The company emphasizes a talent development strategy to build a robust workforce, crucial for sustaining growth in the mattress industry[39]. - The company has a targeted high-incentive compensation system, linking employee income to performance metrics and organizational goals[145]. - The company has established a training program focusing on new employees and management to support strategic goals, including the creation of an Elite Development Center[147]. - The company held its first employee representative meeting in 2022, electing new representatives to enhance employee engagement in governance[127]. Market Position and Sales Channels - The company has established deep cooperation with major e-commerce platforms such as Tmall, JD.com, and Suning, enhancing its online sales channels[63]. - The company focuses on a "1+N" omnichannel sales network, integrating offline specialty stores and online platforms with distribution stores and supermarkets[63]. - The company has nearly 4,500 self-owned brand specialty stores by the end of the reporting period, expanding its retail channels significantly[63]. - Domestic sales accounted for 84.24% of total revenue, an increase of 1.78% year-on-year, while international sales decreased by 2.27% to 14.52% of total revenue[80]. Research and Development - The company has a mature product R&D management system and a complete R&D incentive mechanism, ensuring a strong environment for product innovation[68]. - The company has developed a strong design and R&D team, including experts in product technology application and sleep science, maintaining a competitive edge in the industry[70]. - Research and development expenses increased by 4.52% to 191,491.20 million RMB, reflecting the company's commitment to innovation[77]. - The company achieved multiple original R&D results through continuous research in ergonomics, sleep science, and materials science[70]. Environmental and Social Responsibility - The company invested ¥8.0657 million in environmental protection during the reporting period[165]. - The company implemented carbon reduction measures, successfully reducing carbon emissions by 3,200 tons through clean energy and production technology improvements[167]. - The company participated in the "Waste-Free Factory" initiative, contributing to the "Waste-Free City" construction in Zhejiang Province[169]. - The company donated a total of ¥2.45 million for various charitable projects, including support for frontline medical staff during the pandemic[171]. - The company made a targeted donation of ¥100,000 to support poverty alleviation efforts in Mabi County[172].

2023 年第一季度报告 证券代码：603008 证券简称：喜临门 喜临门家具股份有限公司 2023 年第一季度报告 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 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上年同期增减 变动幅度(%) | | --- | --- | --- | | 营业收入 | 1,467,416,299.96 | 4.47 | | 归属于上市公司股东的净利润 | 61,631,455.98 | 14.30 | | 归属于上市公司股东的扣除非经常性 损益的净利润 | 49,996,872.01 | 1.70 | | 经营活动产生的现 ...

证券代码：603008 证券简称：喜临门 公告编号：2023-022 喜临门家具股份有限公司 关于召开 2022 年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"）于 2023 年 4 月 29 日发布公 司 2022 年年度报告，为便于广大投资者更全面深入地了解公司 2022 年度经营成 果、财务状况，公司计划于 2023 年 5 月 24 日上午 9:00-10:00 举行"2022 年度 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 2022 年度的经营成果 及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围内 就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 （一）会议召开时间：2023 年 5 月 24 日（星期三）上午 9:00-10:00 （二）会议召开地点：上海证券交易所"上证路演中心"网络平台 会议召开时间：2023 年 5 月 24 日（星 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥2,135,474,695.19, representing a year-on-year increase of 10.31%[6] - The net profit attributable to shareholders for the same period was ¥169,353,311.79, an increase of 8.46% compared to the previous year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥159,007,514.38, reflecting an 8.09% increase year-on-year[6] - The basic earnings per share for Q3 2022 was ¥0.43, showing a 7.50% increase compared to the same period last year[8] - Total operating revenue for the first three quarters of 2022 reached ¥5,741,049,921.92, an increase of 13.9% compared to ¥5,042,684,072.65 in the same period of 2021[27] - Net profit attributable to shareholders of the parent company was ¥388,977,206.75, up from ¥373,762,657.10, reflecting a growth of 4.3%[32] - The company reported a decrease in comprehensive income attributable to shareholders, with a net amount of ¥382,462,678.38 compared to ¥360,768,628.72 in the previous year[32] - The basic earnings per share for the third quarter was ¥1.00, compared to ¥0.96 in the same period last year, indicating a growth of 4.2%[32] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥8,858,590,794.63, a 6.59% increase from the end of the previous year[8] - The company's total assets increased to ¥8,858,590,794.63, up from ¥8,311,140,896.28, representing a growth of 6.6%[27] - The company's current assets reached RMB 5,012,340,884.18, up from RMB 4,709,620,083.23 in the previous year, indicating an increase of about 6.43%[22] - The company's total liabilities reached ¥4,999,167,853.33, compared to ¥4,925,629,916.23 in the previous year, showing a slight increase of 1.5%[27] - Total liabilities and shareholders' equity amounted to ¥8,858,590,794.63, compared to ¥8,311,140,896.28 in the previous year, indicating an increase of 6.6%[27] - The total liabilities increased, with short-term borrowings being a significant contributor to the overall rise in financial obligations[22] Cash Flow - The cash flow from operating activities for the year-to-date was ¥17,431,213.49, which decreased by 91.32% compared to the previous year[8] - The cash flow from operating activities for the first three quarters was not detailed, but the overall financial performance indicates a stable cash position[33] - Net cash outflow from operating activities was CNY 17,431,213.49, a significant decrease from CNY 200,704,894.32 in the previous year[38] - Total cash outflow from operating activities was CNY 6,253,979,716.69, compared to CNY 5,718,629,204.49 in the same period of 2021, marking an increase of 9.34%[38] - Cash inflow from financing activities totaled CNY 2,067,429,751.20, up from CNY 1,387,306,678.50 in 2021, reflecting a growth of 49%[39] - Cash outflow from financing activities was CNY 2,028,506,710.04, compared to CNY 1,714,541,564.30 in the previous year, indicating an increase of 18.3%[39] - The net cash flow from financing activities was CNY 38,923,041.16, a recovery from a net outflow of CNY 327,234,885.80 in the same period last year[39] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,322[11] - The company reported a total of 84,799,659 shares held by Zhejiang Huayi Intelligent Manufacturing Co., Ltd., accounting for 21.89% of total shares[14] - The company has a total of 50,520,000 pledged shares by Zhejiang Huayi Intelligent Manufacturing Co., Ltd.[14] Government Subsidies and Tax Refunds - The company received government subsidies amounting to ¥23,169,194.37 during the reporting period, which are closely related to its normal business operations[10] - The company received tax refunds amounting to CNY 140,398,815.19, which is a significant increase from CNY 55,525,332.59 in the previous year[38] Research and Development - Research and development expenses for the third quarter were ¥119,570,042.97, a decrease of 9.2% from ¥131,731,981.56 in the previous year[27] Inventory and Receivables - Inventory levels increased to RMB 1,230,077,227.28 from RMB 1,101,623,121.75, representing a growth of about 11.66%[22] - The accounts receivable amounted to RMB 1,344,526,621.48, up from RMB 1,205,823,067.29, which is an increase of approximately 11.53%[22]

Financial Performance - The company reported a total revenue of 1.2 billion CNY for the first half of 2022, representing a year-on-year increase of 15%[18]. - The net profit attributable to shareholders reached 150 million CNY, up 10% compared to the same period last year[18]. - The company's operating revenue for the first half of the year reached ¥3,605,575,226.73, representing a 16.05% increase compared to the same period last year[23]. - The net profit attributable to shareholders was ¥219,623,894.96, a slight increase of 0.92% year-on-year[23]. - The net profit after deducting non-recurring gains and losses was ¥206,183,488.67, up 16.12% from the previous year[23]. - The basic earnings per share for the first half of the year was ¥0.57, reflecting a 1.79% increase year-on-year[23]. - The net profit for the first half of 2022 was ¥234,174,415.59, a decrease of 3.66% from ¥242,563,568.96 in the first half of 2021[170]. - The total comprehensive income for the first half of 2022 was ¥227,521,441.17, compared to ¥235,774,594.99 in the same period of 2021[172]. - The net profit for the first half of 2022 was CNY 225,965,893.46, a significant increase from CNY 88,147,758.74 in the same period of 2021, representing a growth of approximately 156.5%[176]. - Operating profit reached CNY 255,879,613.58, compared to CNY 90,718,242.37 in the previous year, indicating an increase of about 182.5%[176]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in sales from this region by the end of 2023[18]. - The company is expanding its OEM business, providing manufacturing services for well-known furniture retailers like IKEA and NITORI, enhancing its market presence[58]. - The company aims to enhance market share by leveraging brand, channel, and product advantages while optimizing product structure and management capabilities[87]. - The company has initiated a collaboration with Tmall for a "local home decoration strategy," currently piloted in Shanghai and Hangzhou[73]. - The company is exploring strategic partnerships to enhance its market presence and product offerings[196]. Product Development and Innovation - New product lines, including eco-friendly furniture, are expected to contribute an additional 200 million CNY in revenue for the second half of 2022[18]. - Research and development expenses increased by 30%, focusing on innovative materials and smart furniture technology[18]. - The company has developed a multi-brand product matrix to cater to diverse consumer needs, with core brands targeting different market segments, including high-end and budget-conscious consumers[34]. - The "净眠" series is positioned as a mattress expert tailored to Chinese consumers, focusing on innovative designs that meet local health needs[34]. - The company has established a comprehensive product R&D management system and incentive mechanism, integrating market insights with product development and delivery processes[62]. Operational Efficiency and Challenges - The company has identified potential risks related to supply chain disruptions and inflationary pressures on raw materials[18]. - The company is facing risks from raw material price fluctuations, which could impact production costs and profit levels due to global supply chain disruptions[86]. - Management has identified operational risks associated with scaling operations, necessitating improvements in internal controls and risk management practices[89]. - The company is focusing on improving operational efficiency to mitigate losses in future periods[196]. Financial Management and Governance - There were no non-operational fund occupations by controlling shareholders during the reporting period[18]. - The company has committed to minimizing related party transactions and ensuring fair operations at market prices[111]. - The actual controller committed to not using the company's funds for personal loans or debt repayment, ensuring compliance with regulations regarding corporate governance[115]. - The company has no significant violations or penalties involving its directors, supervisors, or senior management during the reporting period, reflecting good governance[120]. - The company has disclosed its expected daily related transactions for 2022, indicating ongoing operational transparency[121]. Shareholder and Equity Information - The company has a total of 8,181 common shareholders as of the end of the reporting period[136]. - The largest shareholder, Zhejiang Huayi Intelligent Manufacturing Co., holds 21.89% of the shares, with 50.52 million shares pledged[137]. - The company reported a capital reserve of 1,362,257,556.75, indicating a strong capital position despite the losses[198]. - The total equity attributable to shareholders was $3,199,566,616.95 at the end of the period, compared to $3,385,510,980.05 in the previous period, showing a decrease in shareholder equity[188]. Environmental and Social Responsibility - The company is actively participating in the "waste-free factory" initiative and has become a member of the "waste-free factory" program[107]. - The company has adopted measures to reduce carbon emissions, including the establishment of photovoltaic power generation and energy storage systems[105]. - The company has achieved ISO14001:2004 environmental management system certification, ensuring compliance with national environmental protection laws[104].

[Key Financial Highlights](index=1&type=section&id=%E4%B8%80%E3%80%81%20%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE) This section provides an overview of the company's core financial performance and key indicators for the reporting period [Key Accounting Data and Financial Indicators](index=1&type=section&id=(%E4%B8%80)%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) In Q1 2022, the company's operating revenue grew by 12.35% year-on-year, but net profit attributable to parent company shareholders decreased by 36.18%, with net cash flow from operating activities at -551.38 million RMB, a significant outflow of 163.03% year-on-year, indicating pressure on profitability and cash flow Key Financial Indicators for Q1 2022 | Indicator | Current Period (RMB) | Year-on-Year Change (%) | | :--- | :--- | :--- | | Operating Revenue | 1,404,607,863.54 | 12.35% | | Net Profit Attributable to Shareholders | 53,920,500.45 | -36.18% | | Net Profit Attributable to Shareholders (Excluding Non-Recurring Items) | 49,160,037.66 | 12.85% | | Net Cash Flow from Operating Activities | -551,378,112.42 | -163.03% | | Basic Earnings Per Share (RMB/share) | 0.14 | -36.36% | | Weighted Average Return on Net Assets | 1.67% | Decreased by 1.16 percentage points | | Total Assets (Period-end) | 8,073,607,286.59 | -2.86% (vs. end of prior year) | | Total Owner's Equity Attributable to Shareholders (Period-end) | 3,247,573,423.88 | 1.50% (vs. end of prior year) | [Analysis of Non-Recurring Gains and Losses](index=2&type=section&id=(%E4%BA%8C)%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) Total non-recurring gains and losses amounted to 4.76 million RMB in this reporting period, primarily from government subsidies, which had a positive impact on current net profit Non-Recurring Gains and Losses for Q1 2022 | Item | Amount (RMB) | | :--- | :--- | | Gains/Losses from Disposal of Non-current Assets | 39,997.36 | | Government Subsidies Recognized in Current Profit/Loss | 9,973,715.31 | | Other Non-operating Income and Expenses | -3,704,448.45 | | Less: Income Tax Impact | 563,984.47 | | Less: Impact on Minority Interests (After Tax) | 984,816.96 | | **Total** | **4,760,462.79** | [Analysis of Changes in Key Financial Indicators](index=2&type=section&id=(%E4%B8%89)%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E3%80%81%E5%8E%9F%E5%9B%A0) Multiple financial indicators showed significant changes during the reporting period, with administrative and financial expenses increasing by 43.65% and 74.11% respectively due to higher salaries, amortization, and increased borrowing, while net cash flow from operating activities sharply declined by 163.03% mainly due to increased payments for purchases and salaries Changes in Key Financial Indicators and Reasons | Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Administrative Expenses | 43.65 | Due to increased salaries, training, and amortization expenses in the current period | | Financial Expenses | 74.11 | Due to increased borrowing and interest expenses in the current period | | Investment Income | -101.96 | Due to recognition of gain from disposal of Shengxi Huashi equity in the prior period | | Net Cash Flow from Operating Activities | -163.03 | Due to increased payments for purchases and salaries in the current period | | Net Cash Flow from Investing Activities | -173.33 | Due to recovery of equity instrument investments in the prior period | | Net Cash Flow from Financing Activities | 178.17 | Due to increased borrowing in the current period | [Shareholder Information](index=3&type=section&id=%E4%BA%8C%E3%80%81%20%E8%82%A1%E4%B8%9C%E4%BF%A1%E6%81%AF) This section details the company's shareholder structure and significant shareholdings as of the reporting period end [Shareholding Status of Shareholders](index=3&type=section&id=(%E4%B8%80)%E6%99%AE%E9%80%9A%E8%82%A1%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%92%8C%E8%A1%A8%E5%86%B3%E6%9D%83%E6%81%A2%E5%A4%8D%E7%9A%84%E4%BC%98%E5%85%88%E8%82%A1%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) As of the end of the reporting period, the company had 9,938 common shareholders, with Zhejiang Huayi Intelligent Manufacturing Co., Ltd. and Shaoxing Yuecheng Huahan Equity Investment Partnership (Limited Partnership) being the top two shareholders, holding 21.89% and 9.50% respectively, and forming a concerted action with shareholder Chen Ayun - As of the end of the reporting period, the company had **9,938** common shareholders[13](index=13&type=chunk) Top Ten Shareholders' Shareholding Status | Shareholder Name | Shareholding Percentage (%) | Number of Shares Held | | :--- | :--- | :--- | | Zhejiang Huayi Intelligent Manufacturing Co., Ltd. | 21.89 | 84,799,659 | | Shaoxing Yuecheng Huahan Equity Investment Partnership (Limited Partnership) | 9.50 | 36,807,950 | | Hong Kong Securities Clearing Company Limited | 6.47 | 25,053,352 | | Zhou Weicheng | 3.43 | 13,300,705 | | Shen Dongliang | 1.30 | 5,025,000 | | Chen Ayun | 1.09 | 4,228,125 | | New China Life Insurance Co., Ltd. - Dividend - Individual Dividend - 018L - FH002 Shanghai | 1.06 | 4,110,390 | | China Merchants Bank Co., Ltd. - ICBC Credit Suisse New Financial Stock Investment Fund | 1.03 | 3,999,984 | | Hangzhou Jintou Qianjing Investment Management Co., Ltd. - Qianjing Bole No. 1 Private Securities Investment Fund | 0.98 | 3,790,000 | | National Social Security Fund Council 413 Portfolio | 0.94 | 3,656,552 | - Shareholders Zhejiang Huayi Intelligent Manufacturing Co., Ltd., Shaoxing Yuecheng Huahan Equity Investment Partnership (Limited Partnership), and Chen Ayun are **parties acting in concert**[16](index=16&type=chunk) [Quarterly Financial Statements](index=4&type=section&id=%E5%9B%9B%E3%80%81%20%E5%AD%A3%E5%BA%A6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section presents the company's consolidated financial statements for the quarter, including the balance sheet, income statement, and cash flow statement [Consolidated Balance Sheet](index=4&type=section&id=%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of March 31, 2022, total assets were 8.07 billion RMB, a 2.86% decrease from the end of the previous year, reflecting reduced cash, increased inventories and receivables financing, and on the liability side, a significant decrease in accounts payable alongside increases in short-term borrowings and notes payable, indicating changes in the company's working capital structure Key Balance Sheet Items (Unit: RMB) | Item | March 31, 2022 | December 31, 2021 | | :--- | :--- | :--- | | **Total Assets** | **8,073,607,286.59** | **8,311,140,896.28** | | Cash and Cash Equivalents | 1,365,341,914.51 | 1,731,676,742.51 | | Inventories | 1,224,211,517.02 | 1,101,623,121.75 | | **Total Liabilities** | **4,633,147,993.55** | **4,925,629,916.23** | | Short-term Borrowings | 1,406,886,696.70 | 1,243,340,335.06 | | Accounts Payable | 1,147,176,469.85 | 1,664,686,903.63 | | **Total Owner's Equity** | **3,440,459,293.04** | **3,385,510,980.05** | [Consolidated Income Statement](index=7&type=section&id=%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) In Q1 2022, total operating revenue reached 1.40 billion RMB, a 12.35% year-on-year increase, but rising operating costs, administrative expenses, and financial expenses led to a year-on-year decline in operating profit, resulting in a net profit attributable to parent company shareholders of 53.92 million RMB, a significant 36.18% year-on-year decrease Key Income Statement Items (Unit: RMB) | Item | Q1 2022 | Q1 2021 | | :--- | :--- | :--- | | Total Operating Revenue | 1,404,607,863.54 | 1,250,177,982.02 | | Total Operating Costs | 1,356,632,913.36 | 1,201,800,553.79 | | Of which: Operating Costs | 923,376,778.48 | 819,295,003.84 | | Administrative Expenses | 89,964,671.08 | 62,628,346.33 | | Financial Expenses | 18,740,904.59 | 10,763,841.52 | | Operating Profit | 69,137,822.64 | 106,853,464.72 | | Total Profit | 65,433,374.19 | 106,922,994.67 | | Net Profit | 60,862,006.51 | 97,372,921.12 | | Net Profit Attributable to Parent Company Shareholders | 53,920,500.45 | 84,486,876.81 | [Consolidated Cash Flow Statement](index=9&type=section&id=%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) During the reporting period, net cash flow from operating activities was -551.38 million RMB, a significant outflow of 163.03% year-on-year, primarily due to increased cash outflows for purchases, payroll, and various taxes, while net cash flow from financing activities turned positive due to increased borrowings Key Cash Flow Statement Items (Unit: RMB) | Item | Q1 2022 | Q1 2021 | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -551,378,112.42 | -209,626,688.83 | | Net Cash Flow from Investing Activities | -93,087,391.68 | 126,936,916.52 | | Net Cash Flow from Financing Activities | 196,361,899.33 | -251,199,724.12 | | Net Increase in Cash and Cash Equivalents | -448,103,604.77 | -333,889,496.43 |

Financial Performance - The company's operating revenue for 2021 was approximately CNY 7.77 billion, representing a year-over-year increase of 38.21% compared to CNY 5.62 billion in 2020[29]. - Net profit attributable to shareholders for 2021 reached approximately CNY 558.75 million, a significant increase of 78.29% from CNY 313.40 million in 2020[29]. - The net cash flow from operating activities for 2021 was approximately CNY 703.61 million, showing a slight decrease of 4.92% compared to CNY 739.99 million in 2020[29]. - The company's total assets as of the end of 2021 were approximately CNY 8.31 billion, reflecting a 9.88% increase from CNY 7.56 billion at the end of 2020[29]. - Basic earnings per share for 2021 were CNY 1.45, an increase of 81.25% compared to CNY 0.80 in 2020[29]. - The weighted average return on equity for 2021 was 17.86%, an increase of 7.66 percentage points from 10.20% in 2020[29]. - The company reported a net profit of CNY 184.99 million in Q4 2021, with a total revenue of CNY 2.73 billion for the same quarter[32]. - The company achieved a revenue of 777,183.97 million RMB, representing a year-on-year growth of 38.21%[74]. - The net profit attributable to shareholders was 55,875.50 million RMB, with a year-on-year increase of 78.29%[74]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 49,573.30 million RMB, up 58.19% year-on-year[74]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 2.8 per 10 shares, totaling approximately RMB 106.58 million, which represents 53.08% of the net profit attributable to shareholders for the year 2021[6]. - As of December 31, 2021, the company's distributable profits amounted to RMB 1.65 billion[6]. - The total cash used for share repurchase in 2021 was RMB 189.98 million, which is considered as part of the cash dividend distribution[6]. - The total cash dividend for 2021, including share buybacks, was RMB 296,562,976.72, representing 53.08% of the net profit attributable to shareholders[184]. Corporate Governance - The company has not reported any non-operational fund occupation by controlling shareholders or related parties[9]. - There are no violations of decision-making procedures regarding external guarantees[9]. - The company has received a standard unqualified audit report from Tianjian Accounting Firm[5]. - The board of directors and supervisory board members have confirmed the authenticity and completeness of the annual report[4]. - The company has not disclosed any significant risks that could affect its future development in the report[11]. - The company has not faced any significant legal or regulatory issues affecting its governance structure[144]. - The company has not faced any penalties from securities regulatory authorities in the past three years[165]. - The company has not reported any objections from directors regarding company matters during the reporting period[171]. Market Strategy and Expansion - The company plans to continue optimizing its business structure and expanding its market presence to sustain growth in the coming years[29]. - The mattress industry in China saw a market size doubling over the past decade, with significant growth driven by urbanization and rising household wealth[45]. - The company launched a new brand strategy focusing on "deep good sleep," enhancing brand value and targeting the younger demographic through celebrity endorsements and sponsorships of top variety shows[40]. - The company expanded its offline retail presence, completing a plan to open 1,000 new stores, while also enhancing online sales through innovative services like free trial and old-for-new exchanges[39]. - The company has established deep cooperation with major e-commerce platforms such as Tmall, JD.com, and Suning, enhancing its online sales channels[62]. - The company is actively exploring rural markets, which are showing increasing consumption power and growth rates that surpass urban areas[124]. - The company is focusing on the sleep industry with a strategy to expand from a single brand to multiple brands, targeting high-end and low-end markets simultaneously[131]. - The company plans to open over 1,000 new stores in traditional building materials channels, increasing the proportion of stores for its brands, including "Ximin" and "Keshang"[132]. Research and Development - The company holds 705 valid patents, including 684 domestic patents and 21 international patents, showcasing its strong R&D capabilities[73]. - The company has developed a comprehensive product research and development management system, integrating sleep science and ergonomic principles into its product design[67]. - The total R&D investment for the year was CNY 183,217,728.90, accounting for 2.36% of total revenue[95]. - The number of R&D personnel increased to 786, representing 7.79% of the total workforce, indicating a focus on talent development[96]. - The company is leveraging new technologies such as IoT and AI to enhance product design and manufacturing processes, reflecting a trend towards digital transformation in the mattress industry[126]. Employee Management and Compensation - The total number of employees in the parent company and major subsidiaries is 10,089, with 4,341 in the parent company and 5,748 in subsidiaries[178]. - The company has implemented a performance-based compensation system, linking basic salary, performance bonuses, and efficiency bonuses to employee roles and performance metrics[179]. - The company has a stock option incentive plan for 2021, aimed at motivating and retaining core talent[179]. - The total compensation for the board members amounted to 28,261,830, with an average compensation of 993.97 per member[152]. - The remuneration decision process for directors and senior management is based on the annual performance evaluation results and approved remuneration proposals[161]. Environmental and Social Responsibility - The company has implemented ISO 14001:2004 environmental management system certification and adheres to national environmental protection laws and regulations[199]. - The company actively responded to national carbon neutrality policies by establishing green factories and energy management systems, aiming to reduce carbon emissions and environmental impact[199]. - The establishment of a 5G + industrial internet platform has enabled multi-level data sharing and business collaboration, significantly enhancing production efficiency and energy utilization[199]. - The company has optimized product processes and shortened new product development cycles to reduce energy consumption[199]. Internal Control and Audit - The internal control system was strictly adhered to, ensuring compliance and accuracy in financial reporting and operational efficiency[192]. - The company conducted an internal control effectiveness evaluation as of December 31, 2021, and found no significant deficiencies in both financial and non-financial reporting controls[193]. - The independent audit of the internal control effectiveness was performed by Tianjian Accounting Firm, which issued a standard unqualified opinion report[193].