Core Viewpoint - MLILY has partnered with Nantong Zhiyun Football Club to donate zero-pressure thin mattresses to youth training teams in Rugao, Jiangsu Province, aiming to improve the sleeping conditions of young athletes and enhance their learning and athletic performance [1][2]. Group 1: Donation and Product Features - The donation of thin mattresses is based on observations of the current sleeping conditions in school dormitories, where limited space and collective living necessitate a mattress that is appropriately sized, comfortable, and easy to maintain [2]. - The zero-pressure thin mattress is designed to fit student dormitory bed sizes, addressing the issue of generic mattresses being unsuitable; its slim profile and moderate thickness ensure comfort and support without compromising space or cleanliness [2]. - The core material, "non-temperature-sensitive zero-pressure foam," is patented in China, the USA, Canada, and Denmark, and has been proven to balance and distribute body pressure, effectively reducing nighttime movements and enhancing deep sleep duration [2]. Group 2: Long-term Commitment to Community and Sports - MLILY's investment in sports and community welfare demonstrates a systematic and long-term approach, having partnered with Manchester United since 2016 and extending the partnership until 2031 to support athlete recovery and performance [3]. - As a company originating from Nantong, MLILY has become a strategic partner of Nantong Zhiyun since 2023, further supporting local football development and expanding its sponsorship to include advertising on the team's jerseys [3]. - The recent donation to local school youth training teams is part of MLILY's broader strategy to extend its sports sponsorship logic to community and youth development, including initiatives like the "Hundred Cities, Ten Thousand Volumes" program and the "Dusk Plan" for elderly sleep health [3][4]. Group 3: Educational Support and Broader Impact - In addition to sleep-related donations, MLILY has established the "Dream Scholarship" in 2018 at Rugao High School to encourage and reward outstanding students and faculty, with the scholarship's reach expanding to multiple schools in the region [4]. - The company's philanthropic efforts reflect a systematic and long-term commitment to enhancing education and community welfare, aiming to change traditional perceptions of hard beds and promote the importance of deep sleep [4].

Core Viewpoint - MLILY has partnered with Nantong Zhiyun Football Club to donate zero-pressure thin mattresses to youth training teams in multiple middle schools in Rugao, Jiangsu Province, aiming to improve the sleeping conditions of young athletes and enhance their learning and athletic performance [1][3]. Group 1: Corporate Social Responsibility - MLILY's donation is part of a long-term public welfare project, which includes product donations, scholarship establishment, and sponsorship of football teams, supporting local education and football development in Nantong and expanding nationwide [3][9]. - The company has initiated various long-term projects, such as the "Hundred Cities, Ten Thousand Volumes" plan for youth and the "Dusk Plan" focusing on elderly sleep health, addressing sleep issues in schools, nursing homes, and families in need [9][11]. Group 2: Product Features and Benefits - The donated thin mattresses are designed to fit student dormitory bed sizes, providing comfort and support while being easy to manage in limited space [4][6]. - The core material, "non-temperature-sensitive zero-pressure foam," is patented in China, the USA, Canada, and Denmark, and has been proven to balance body pressure, reduce nighttime turning, and enhance deep sleep duration, which is crucial for young athletes' recovery [6][11]. Group 3: Long-term Partnerships and Community Engagement - MLILY has a systematic and long-term approach to sports and community welfare, having partnered with Manchester United since 2016 and becoming a strategic partner of Nantong Zhiyun in 2023, further supporting local football development [7][9]. - The company has established the "Dream Scholarship" in Rugao Middle School to encourage and reward outstanding students and teachers, contributing to the revitalization of education in the region [9][11].

Core Viewpoint - The report from Southwest Securities indicates that the performance of the light industry sector in 2025 is expected to be flat, with cyclical and traditional manufacturing valuations under pressure, while packaging, exports, and personal care sectors show differentiated performance [1] 2025 Sector Review - In 2025, the light industry sector experienced relatively flat performance, with traditional cyclical and manufacturing companies facing valuation pressure. However, the packaging and printing sectors benefited from price increases and cross-industry transformations, leading to better stock performance [1] - The export sector showed some differentiation due to tariff policy disruptions, with companies that have balanced production capacity, strong demand resilience, and low tariff impact performing better [1] - The personal care sector achieved excess returns in the first half of the year but entered a valuation digestion phase in the second half due to intensified competition in e-commerce channels. However, domestic brands are expected to continue their growth trajectory due to product structure optimization and channel expansion [1] 2026 Stock Selection Strategy - The focus will be on undervalued cyclical assets as valuation recovery is anticipated amid changes in the bulk commodity cycle, gradually realizing allocation value [2] - There is a need to balance the valuation and growth potential of new consumption and export sectors, favoring high-growth or low-valuation, high-safety stocks [2] - Four main lines of focus for stock selection include: 1. Gradually emphasizing undervalued cyclical stocks, particularly in the paper sector, which is expected to see price increases driven by "anti-involution" and traditional peak season factors, with net profit per ton likely to recover [2] 2. Export stocks with strong demand resilience and manufacturing capabilities are still considered valuable for allocation, especially those with good growth potential in niche categories and minimal tariff impact [2] 3. Domestic personal care brands are expected to see upward trends in market share and growth potential due to rapid product iteration and competitive pricing [2] 4. New consumption trends in AI glasses, new tobacco products, pet supplies, and trendy toys are expected to continue their upward trajectory, contributing to the growth of the consumption sector [2] Recommended Stocks - Recommended stocks include Sun Paper, Bohui Paper, Weigao Medical, Baiya Co., Nobon Co., Yiyi Co., Mengbaihe, and Gujia Home [3]

Core Insights - The report emphasizes the importance of capitalizing on emotional consumption trends and reassessing cyclical value in the light of the 2026 investment strategy for the light industry sector [1][3]. 2025 Sector Review - In 2025, the light industry sector experienced relatively flat performance, with traditional cyclical and manufacturing companies facing valuation pressure. However, packaging and printing sectors benefited from price increases and cross-industry transformations, leading to better stock performance [4]. - The export sector showed some differentiation due to tariff policy disruptions, with companies that had balanced production capacity and strong demand performing better. The personal care sector saw excess returns in the first half of the year but faced valuation digestion in the second half due to intensified e-commerce competition [4][5]. - The report suggests a dual focus for stock selection in 2026: on one hand, to pay attention to undervalued cyclical assets for valuation recovery; on the other hand, to balance the valuation and growth potential of new consumption and export sectors [4]. Stock Selection Strategy - The report recommends four main lines for stock selection: 1. Gradually focus on undervalued cyclical stocks, particularly in the paper sector, which is expected to see price increases driven by seasonal demand and low channel inventory [4]. 2. Maintain a high allocation to export stocks with strong demand resilience and manufacturing capabilities, especially those less affected by tariffs [4]. 3. Invest in high-quality domestic personal care brands benefiting from product structure optimization and channel expansion [4]. 4. Explore new consumption trends in categories like AI glasses, new tobacco products, pet supplies, and trendy toys, which are expected to see significant growth [4]. Recommended Stocks - The report lists several recommended stocks, including: - Sun Paper Industry (002078.SZ) - Bohui Paper Industry (600966.SZ) - Weigao Medical (300888.SZ) - Baiya Co., Ltd. (003006.SZ) - Nobon Co., Ltd. (603238.SH) - Yiyi Co., Ltd. (001206.SZ) - Mengbaihe (603313.SH) - Gujia Home (603816.SH) [4]. 2025 Sector Performance Data - As of December 31, 2025, the SW light industry manufacturing sector had an overall increase of 20.1%, outperforming the Shanghai Composite Index by 1.7 percentage points. The packaging and printing sector performed particularly well with a 35.4% increase [12]. - The report highlights that the packaging sector benefited from price increases and cross-industry transformations, while the home and entertainment sectors also saw significant gains [12][14]. Export Sector Insights - The report notes that from November 2025, the U.S. reduced tariffs on Chinese imports to 20%, leading to a gradual recovery in orders. The fluctuations in tariff policies had previously caused delays in orders from U.S. buyers [76]. - The report indicates that the export sector is expected to see a return to competitive pricing against ASEAN countries following the tariff adjustments, which may accelerate industry consolidation [76][81]. Personal Care Sector Trends - The personal care sector is experiencing product structure upgrades and channel benefits, with brands focusing on high-demand segments such as oral care and women's hygiene products [31][50]. - The report forecasts that the market for women's hygiene products will reach 1079.6 billion yuan in 2025, with a compound annual growth rate (CAGR) of 3.0% from 2025 to 2029 [50][51]. Baby Care Market Dynamics - The baby care market is projected to grow at a CAGR of 3.1% from 2025 to 2029, with a focus on premiumization and specialized products to counteract declining birth rates [59][66]. - The report highlights that single-child consumption is increasing, which helps mitigate the impact of declining birth rates on the market [69].

（编辑 丛可心） 证券日报网讯 1月7日，梦百合发布公告称，截至本公告披露日，公司控股股东倪张根及其一致行动人 梦康公司累计增持约958.60万股，占总股本1.68%，合计金额约8023.56万元，已达增持计划下限8000万 元，增持计划实施完毕。 ...

（记者 张明双） 每经头条（nbdtoutiao）——十年首现，沪指连续站稳关键位置！高盛：建议高配中国股票！券商分析 师：人民币升值等因素加速跨境资本回流 每经AI快讯，梦百合1月7日晚间发布公告称，2026年1月6日，公司控股股东倪张根先生的一致行动人 梦康有限公司通过集中竞价方式增持了公司约143万股股份，占公司股份总数的0.25%，资金来源为自 有资金。截至本公告披露日，公司控股股东倪张根先生及其一致行动人梦康通过上海证券交易所交易系 统累计增持公司股份合计约959万股，占公司总股本比例为1.68%，累计增持金额合计约8024万元，占 增持计划金额下限的100.29%，已经超过增持计划金额下限，相关增持计划已实施完毕。 ...

梦百合家居科技股份有限公司 2026 年第一次临时股东会会议资料 二零二六年一月 | 梦百合家居科技股份有限公司 2026 年第一次临时股东会会议须知 | 2 | | --- | --- | | 梦百合家居科技股份有限公司 2026 年第一次临时股东会会议议程 | 4 | | 议案一：关于部分募投项目变更、结项并将剩余募集资金投入新项目的议案 6 | | | 议案二：关于修订《募集资金管理办法》的议案 15 | | | 议案三：关于修订《关联交易管理制度》的议案 16 | | | 议案四：关于修订《会计师事务所选聘制度》的议案 | 17 | | 议案五：关于修订《独立董事工作制度》的议案 18 | | | 议案六：关于修订《董事、高级管理人员薪酬管理制度》的议案 | 19 | 梦百合家居科技股份有限公司 2026 年第一次临时股东会会议资料 梦百合家居科技股份有限公司 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、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 ...

证券代码：603313 证券简称：梦百合 公告编号：2026-001 梦百合家居科技股份有限公司 关于控股股东及其一致行动人增持公司股份计划实 施完毕暨增持结果公告 本公司董事会、全体董事及相关股东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： 已披露增持计划情况：梦百合家居科技股份有限公司（以下简称"公司"） 控股股东倪张根先生原拟自 2024 年 2 月 8 日起至 2025 年 2 月 7 日通过集中竞价 交易或大宗交易等符合法律、法规、部门规章及上海证券交易所相关规则的方式 累计增持公司 A 股股份金额不低于人民币 8,000 万元，不超过人民币 16,000 万 元，本次增持不设价格区间，资金来源为倪张根先生的自有资金，具体内容详见 公司于 2024 年 2 月 8 日在上海证券交易所网站上披露的《关于公司控股股东增 持股份计划的公告》（公告编号：2024-002）。2025 年 2 月，倪张根先生将本次 增持计划履行期限延长 12 个月，即延长期限自 2025 年 2 月 8 日起至 2026 年 2 月 7 日，增持主 ...

截至本公告披露日，公司控股股东倪张根先生及其一致行动人梦康通过上海证券交易所交易系统累计增 持公司股份合计9,585,980股，占公司总股本比例为1.68%，累计增持金额合计 80,235,561.93 元，占增持 计划金额下限的100.29%，已经超过增持计划金额下限，本次增持计划已实施完毕。 格隆汇1月7日丨梦百合(603313.SH)公布，2026年1月6日，公司控股股东倪张根先生的一致行动人梦康 有限公司通过集中竞价方式增持了公司143.18万股股份，占公司股份总数的0.25%，资金来源为自有资 金。 ...

国浩律师（上海）事务所 专项核查意见 国浩律师（上海）事务所 关于梦百合家居科技股份有限公司 控股股东及一致行动人增持公司股份的 专项核查意见 致：梦百合家居科技股份有限公司 （一）本所及本所律师依据《中华人民共和国证券法》、《律师事务所从事 证券法律业务管理办法》和《律师事务所证券法律业务执业规则（试行）》等规 定及本专项核查意见出具日以前已经发生或者存在的事实，严格履行了法定职责， 1 国浩律师（上海）事务所（以下简称"本所"）依据与梦百合家居科技股份 有限公司（以下简称"梦百合"或"公司"）订立的《非诉讼法律服务委托协议》， 担任公司于 2024 年 2 月 8 日披露之控股股东增持股份计划（以下简称"本次增 持计划"）的特聘专项法律顾问。 国浩律师（上海）事务所 专项核查意见 本所律师根据《中华人民共和国证券法》、《上市公司收购管理办法》（以下 简称《收购管理办法》）、《上海证券交易所上市公司自律监管指引第 8 号——股 份变动管理（2025 年 4 月修订）》（以下简称《自律监管指引第 8 号》）等法律、 法规和中国证券监督管理委员会（以下简称"中国证监会"）、上海证券交易所（以 下简称"上交所"） ...