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 23.03%。本次股份解除质押及再质押后，华易智能制造累计被质 押股份 54,170,000 股，占其所持股总数的 63.88%，占公司总股本的 14.71%。 证券代码：603008 证券简称：喜临门 公告编号：2026-001 喜临门家具股份有限公司 关于公司控股股东及其一致行动人部分股份解除质押 及再质押的公告 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: 公司控股股东华易智能制造之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"）持有公司股份 36,807,950 股， 占公司总股本的 9.99%。本次股份解除质押及再质押后，华瀚投资累计被质押股 份 24,850,000 股，占其所持股总数的 67.51%，占公司总股本的 6.75%。 华易智能制造、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 ...

Company Overview - Xilinmen Furniture Co., Ltd. is located in Shaoxing, Zhejiang Province, and was established on November 6, 1996. It was listed on July 17, 2012. The company specializes in the research, production, and sales of mattresses, soft beds, and hotel furniture, along with cultural media-related businesses [2]. - The revenue composition of Xilinmen includes: mattresses 60.37%, soft beds and accessories 27.93%, sofas 8.24%, wooden furniture 1.91%, and others 1.55% [2]. - Xilinmen belongs to the light industry manufacturing sector, specifically home products and finished home furnishings. It is associated with concepts such as furniture and bathroom, Xiaomi concept, financing and securities, smart home, and social security heavy positions [2]. Financial Performance - For the period from January to September 2025, Xilinmen achieved operating revenue of 6.196 billion yuan, representing a year-on-year growth of 3.68%. The net profit attributable to the parent company was 399 million yuan, with a year-on-year increase of 6.45% [2]. - Since its A-share listing, Xilinmen has distributed a total of 905 million yuan in dividends, with 517 million yuan distributed over the past three years [3]. Stock Market Activity - On January 7, Xilinmen's stock price decreased by 2.00%, trading at 20.58 yuan per share, with a total transaction volume of 363 million yuan and a turnover rate of 4.70%. The total market capitalization is 7.579 billion yuan [1]. - Year-to-date, Xilinmen's stock price has increased by 0.49%, but it has seen a decline of 10.87% over the last five trading days and a decrease of 6.62% over the last 20 days. However, it has risen by 22.06% over the last 60 days [1]. - Xilinmen has appeared on the "Dragon and Tiger List" once this year, with the most recent appearance on January 6, where it recorded a net buy of -55.1376 million yuan, with total purchases of 94.1026 million yuan, accounting for 13.09% of total trading volume, and total sales of 149 million yuan, accounting for 20.76% of total trading volume [1]. Shareholder Information - As of October 31, the number of shareholders of Xilinmen is 16,000, unchanged from the previous period, with an average of 23,049 circulating shares per person, a decrease of 0.85% from the previous period [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the third-largest shareholder with 12.3172 million shares, being a new shareholder. The sixth-largest shareholder is the招商量化精选股票发起式A (001917) with 5.0963 million shares, also a new shareholder [3].

Core Viewpoint - The stock of Xilinmen (603008) experienced a significant decline of 5.96% on the trading day, with a turnover rate of 9.24% and a total transaction amount of 719 million yuan, indicating notable market activity and investor sentiment shifts [2]. Group 1: Stock Performance - The stock's daily decline was attributed to a deviation of -7.45% from its previous closing price, leading to its listing on the exchange's watchlist [2]. - Institutional investors net sold 43.66 million yuan, while the Shanghai-Hong Kong Stock Connect saw a net sell of 15.02 million yuan [2]. - The total net outflow of main funds for the stock was 33.70 million yuan, with large orders contributing to a net outflow of 33.58 million yuan [2]. Group 2: Financing and Revenue Data - As of January 5, the stock's margin trading balance was 654 million yuan, with a financing balance of 654 million yuan and a securities lending balance of 60.74 thousand yuan [3]. - Over the past five days, the financing balance decreased by 43.56 million yuan, representing a decline of 6.25%, while the securities lending balance increased by 21.32 thousand yuan, marking a rise of 54.08% [3]. - For the first three quarters of the year, the company reported a revenue of 6.196 billion yuan, reflecting a year-on-year growth of 3.68%, and a net profit of 399 million yuan, which is a 6.45% increase year-on-year [3].

Core Insights - The home furnishing and decoration industry is transitioning from "smart products" to "smart living," emphasizing emotional connections and lifestyle proposals rather than just functional satisfaction [1][3] Group 1: Brand Performance - The top three brands in the comprehensive heat index are Mousse (1.79), Mercury Home Textiles (1.75), and Quanfu (1.65) [2] - The rankings indicate a competitive landscape where brands are focusing on emotional engagement and lifestyle integration [4] Group 2: Technological Innovation - Leading brands are leveraging technology and innovative models to enhance emotional connections with consumers, moving from "smart" to "wisdom" [3] - For instance, Xilinmen partnered with Qiangna Technology to launch the "Baobao・BrainCo" AI mattress, which assesses users' physical and mental states in real-time [3] - Deshiman is focusing on self-developed technology and scenario-based services, with its Kirin R9 series smart locks featuring AI models for proactive decision-making [3] Group 3: Lifestyle Solutions - Brands like Kuka Home, Mousse, and Quanfu are shifting their focus from individual products to comprehensive lifestyle solutions [4] - Kuka Home has implemented a "one-stop integrated home 3.0 system" addressing consumer pain points related to customization and trust [4] - Mousse is creating a "healthy sleep ecosystem" through various cultural initiatives, while Quanfu targets Gen Z's self-expression through vibrant, modular products [5]

喜临门(603008)今日下跌8.49%，全天换手率9.82%，成交额7.62亿元，振幅13.21%。龙虎榜数据显示， 机构净买入2754.07万元，沪股通净卖出316.90万元，营业部席位合计净卖出3608.77万元。 上交所公开信息显示，当日该股因日跌幅偏离值达-8.58%上榜，机构专用席位净买入2754.07万元，沪 股通净卖出316.90万元。 | 卖二 | 国泰海通证券股份有限公司北京中关村南大街证券营业 | 4860.00 | | --- | --- | --- | | | 部 | | | 卖三 | 西部证券股份有限公司深圳科苑路证券营业部 | 3720.58 | | 卖四 | 华泰证券股份有限公司总部 | 2879.26 | | 卖五 | 东莞证券股份有限公司宜昌献福路证券营业部 | 2856.76 | （文章来源：证券时报网） 融资融券数据显示，该股最新（12月30日）两融余额为7.08亿元，其中，融资余额为7.07亿元，融券余 额为62.89万元。近5日融资余额合计增加287.25万元，增幅为0.41%。融券余额合计减少9.39万元，降幅 13.00%。 10月30日公司发布的三季报数据显示 ...

证券之星消息，12月31日家居用品板块较上一交易日下跌0.58%，喜临门领跌。当日上证指数报收于 3968.84，上涨0.09%。深证成指报收于13525.02，下跌0.58%。家居用品板块个股涨跌见下表： 从资金流向上来看，当日家居用品板块主力资金净流出3.03亿元，游资资金净流入9417.94万元，散户资 金净流入2.09亿元。家居用品板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 603272 联翔股份 | | 2731.82万 | 26.72% | -1867.19万 | -18.27% | -864.62万 | -8.46% | | 002631 德尔未来 | | 1245.58万 | 10.89% | -530.41万 | -4.64% | -715.17万 | -6.26% | | 002572 索菲亚 | | 1116.72万 | 12.01% | -496.87万 | - ...

Market Overview - The Shanghai Composite Index closed at 3968.84 points, with a slight increase of 0.09% [1] - The total trading volume of A-shares reached 2461.743 billion yuan [1] Technical Analysis - A total of 167 A-shares experienced a death cross, where the 5-day moving average fell below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Sanfu New Science (三孚新科) with a difference of -1.68% [1] - Tianjian Technology (天箭科技) with a difference of -1.66% [1] - Zhongmin Energy (中闽能源) with a difference of -1.30% [1] Individual Stock Performance - Sanfu New Science (688359) decreased by 0.25% with a trading turnover of 1.57% [1] - Tianjian Technology (002977) saw a significant drop of 9.99% with a trading turnover of 2.27% [1] - Zhongmin Energy (600163) declined by 2.17% with a trading turnover of 1.33% [1] - Other notable stocks include: - Hainan Ruize (002596) increased by 0.94% [1] - Weidao Nano (688147) decreased by 1.54% [1] - Eighty Billion (688181) increased by 0.31% [1] Additional Stock Movements - Stocks such as Xiling Information (300588) and Zhaolong Interconnect (300913) also showed minor declines of 0.11% and 1.55% respectively [1] - The performance of ST stocks included: - ST Huaxi (002630) with a decrease of 0.40% [1] - ST Meicheng (300237) with a decline of 1.90% [1]

Core Viewpoint - The company Xi Lin Men is undergoing a name change from "Xi Lin Men Furniture Co., Ltd." to "Xi Lin Men Health Sleep Technology Co., Ltd." to reflect its strategic transformation towards sleep technology, marking a significant shift from traditional furniture manufacturing to providing comprehensive sleep health solutions [1][8][20]. Group 1: Company Transformation - The name change is seen as a culmination of over a decade of technological investment and development, including the launch of innovative products like the Smart One adjustable air spring mattress and the AI-powered aise宝褓 series [5][10][20]. - Xi Lin Men has invested over 1.2 billion yuan in research and development over the past ten years, holding 2,376 valid patents and achieving significant technological advancements in sleep products [10][19]. - The company has established itself as a leader in the sleep technology sector, with its flagship product aise宝褓 receiving the highest L4 certification for smart mattresses, indicating a strong market demand for innovative sleep solutions [8][9][10]. Group 2: Market Response and Financial Performance - Following the announcement of the name change, Xi Lin Men’s stock experienced a strong market reaction, with a limit-up on the day after the news and a subsequent increase of over 5% [5][10]. - In the first three quarters of 2025, the company reported revenues of 6.196 billion yuan and a net profit of 399 million yuan, reflecting year-on-year growth of 3.68% and 6.45% respectively, with a gross margin of 36.03% [17]. - The company’s market share is approximately 4.5%, indicating room for growth in a highly fragmented industry with over 40,000 mattress companies in China [18]. Group 3: Technological Advancements - Xi Lin Men has developed a fully automated 5G smart factory, significantly enhancing production efficiency with minimal human labor, and has established a national quality testing center for rigorous product testing [11][15]. - The company has collaborated with leading academic institutions to advance its research capabilities, including partnerships with Tsinghua University and Zhejiang University for sleep technology research [10][19]. - Xi Lin Men has been recognized as a high-tech enterprise in the furniture industry, breaking traditional perceptions and laying the groundwork for its transition to a sleep technology company [19].

Core Viewpoint - The home improvement and building materials sector experienced a slight decline, closing at 16,536.31 points with a drop of 0.19% [1] Group 1: Stock Performance - The sector saw varying degrees of decline among individual stocks, with PIANO leading the drop at 21.08 CNY per share, down 5.77% [1] - DEL Future closed at 6.19 CNY per share, marking a decrease of 3.28%, ranking second in the decline [1] - Jingxue Energy closed at 22.42 CNY per share, also down 3.28%, ranking third in the decline [1] - Conversely, Yangzi New Materials led the gains with a closing price of 4.86 CNY per share, up 9.95% [1] - Xilinmen followed with a closing price of 23.09 CNY per share, up 6.16%, ranking second in gains [1] - Filinger closed at 33.14 CNY per share, up 5.68%, ranking third in gains [1] Group 2: Market Insights - Huafu Securities' report highlighted that the Central Economic Work Conference emphasized stabilizing the real estate market, implementing city-specific policies to control increments, reduce inventory, and optimize supply [1] - The report also mentioned encouraging the acquisition of existing residential properties for use in affordable housing and promoting the reform of the housing provident fund system [1] - There is an expectation for a turning point in the building materials capacity cycle due to accelerated supply-side reforms and a reduction in competition [1]

Investment Rating - The industry investment rating is maintained at "Overweight" [3] Core Views - The report highlights the opportunity in the paper sector due to the recent appreciation of the RMB against the USD, which enhances domestic purchasing power and reduces costs for imported raw materials like wood pulp [5][6] - The report suggests focusing on companies with high wood pulp procurement costs, such as Zhongshun Jierou, and recommends Sun Paper for its integrated advantages in cultural paper production [5][6] - The report also emphasizes the potential for improved profitability in Q4 due to stabilized and rising pulp prices, alongside the release of new production capacity [5][6] Summary by Relevant Sections Industry Overview - The light industry sector includes 167 listed companies with a total market value of 1,204.38 billion CNY and a circulating market value of 954.25 billion CNY [1] Market Performance - For the week of December 22-26, 2025, the Shanghai Composite Index rose by 1.88%, while the Shenzhen Component Index increased by 3.53%. The light industry index gained 1.69%, ranking 16th among 28 Shenwan industries [10] - The paper sector saw a weekly increase of 4.47%, while the textile and apparel index rose by 2.86% [10] Key Company Recommendations - Sun Paper: Buy rating with projected EPS growth from 1.10 CNY in 2023 to 1.48 CNY in 2027, with a PE ratio decreasing from 14.25 to 10.60 [3] - Baiya Co.: Buy rating with projected EPS growth from 0.54 CNY in 2023 to 1.28 CNY in 2027, with a PE ratio decreasing from 38.94 to 16.49 [3] - Huali Group: Buy rating with projected EPS growth from 2.74 CNY in 2023 to 3.97 CNY in 2027, with a PE ratio decreasing from 19.24 to 13.27 [3] Raw Material Price Trends - The report notes fluctuations in raw material prices, with MDI and TDI prices decreasing, while cotton prices have shown an upward trend [18][22] - The average price of wood pulp and various paper products is tracked, indicating a mixed performance with some prices stabilizing and others showing slight increases [42] Housing Market Data - The report highlights a significant decline in property sales, with a 39.1% year-on-year decrease in transactions among major cities [31] - Cumulative property sales area from January to November 2025 shows a 7.8% decline year-on-year [59] Consumer Goods and AI Applications - The report discusses the potential of AI applications in consumer goods, particularly in the context of new product launches and market expansion opportunities [6] Conclusion - The report emphasizes the importance of monitoring the paper sector due to favorable currency movements and suggests specific companies for investment based on their cost structures and market positions [5][6]