证券代码：603365 股票简称：水星家纺 公告编号： 2023-044 上海水星家用纺织品股份有限公司 关于修订《公司章程》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。 上海水星家用纺织品股份有限公司（以下简称"公司"）于 2023 年 09 月 12 日 召开第五届董事会第九次会议及第五届监事会第八次会议，审议通过《关于注销回购 股份减少注册资本并修订<公司章程>》的议案》，该事项尚需提交公司股东大会审议 批准。 一、注销回购股份减少注册资本情况 （一）2022 年股份回购方案之股份注销情况 公司于 2022 年 10 月 14 日召开的第五届董事会第三次会议，及 2022 年 11 月 01 日召开的 2022 年第三次临时股东大会审议通过了《关于以集中竞价交易方式回购公 司股份的议案》，拟以自有资金以集中竞价交易方式回购资金总额不低于人民币 3,000 万元（含）且不超过人民币 6,000 万元（含），回购股份将依法全部予以注 销并减少公司注册资本。2023 年 09 月 12 日，公司 2022 年股份回购完 ...

证券代码：603365 股票简称：水星家纺 公告编号：2023-041 上海水星家用纺织品股份有限公司 公司本次注销回购股份减少注册资本并修订《公司章程》事项符合《公司法》 《证券法》《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等法律法规的有关规定，相关审议和决策程序合法、合规。该事 项不会对公司的财务状况和经营成果产生实质性影响，不存在损害公司及全体股东 上海水星家用纺织品股份有限公司(以下简称"公司")第五届监事会第八次会 议（以下简称"本次会议"）于2023年09月07日通过飞书通知全体监事，并于2023年 09月12日以现场方式在公司五楼会议室召开。本次会议应参加表决监事3名，实际参 加表决监事3名，由监事会主席孟媛媛女士主持，公司部分高级管理人员列席会议。 本次会议的召开符合《中华人民共和国公司法》及《公司章程》的有关规定，会议 决议合法有效。 二、会议审议情况 1、审议通过了《关于回购实施结束的议案》。 具体内容详见公司于指定媒体披露的《上海水星家用纺织品股份有限公司关于 股份回购实施结果暨股份变动的公告》（公告编号：2023-042）。 表决结果：3 票同 ...

上海水星家用纺织品股份有限公司 独立董事关于公司第五届董事会第九次会议 相关事项的独立意见 经审核，我们认为公司本次拟注销已回购股份符合《公司法》《证券法》等 法律法规及《公司章程》的规定，不会对公司的经营情况产生重大影响，不存在 损害公司及全体股东利益的情形，同意提交公司股东大会审议。 上海水星家用纺织品股份有限公司 独立董事：王振源、吴忠生、王弟海 2023 年 09 月 12 日 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》）、《上市公司独立董事规则》《上海证券交 易所股票上市规则》（以下简称《上市规则》）和《上海水星家用纺织品股份有 限公司章程》（以下简称《公司章程》）等有关规定，我们作为上海水星家用纺 织品股份有限公司（以下简称"公司"）的独立董事，就公司第五届董事会第九 次会议审议的议案，在查阅公司提供的相关资料、了解相关情况后，基于独立判 断的立场，发表独立意见如下： 一、关于注销回购股份减少注册资本并修订《公司章程》的独立意见 ...

证券代码：603365 证券简称：水星家纺 公告编号：2023-039 上海水星家用纺织品股份有限公司 关于以集中竞价交易方式回购股份进展公告 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。 公司后续将根据相关法律法规的要求，实施股份回购并及时履行信息披露义 务，敬请广大投资者注意投资风险。 特此公告。 上海水星家用纺织品股份有限公司 董 事 会 2023 年 09 月 02 日 1 2022 年 10 月 14 日，上海水星家用纺织品股份有限公司（以下简称"公司"） 召开第五届董事会第三次会议及第五届监事会第三次会议，审议通过了《关于以 集中竞价交易方式回购公司股份的议案》，该议案已经 2022 年 11 月 01 日召开 的 2022 年第三次临时股东大会审议通过，同意公司使用自有资金不低于人民币 3,000 万元（含）且不超过人民币 6,000 万元（含），以集中竞价交易方式回购公 司股份，回购价格不超过人民币 19.38 元/股（含），本次回购股份将依法全部予 以注销并减少公司注册资本。回购期限为自公司股东大会审议通过 ...

Financial Performance - Revenue for the first half of 2023 increased by 9.37% to 1,796,249,395.21 yuan compared to the same period last year[19] - Net profit attributable to shareholders rose by 58.65% to 169,642,023.41 yuan year-on-year[19] - Basic earnings per share increased by 60.00% to 0.64 yuan per share compared to the previous year[19] - Weighted average return on equity (ROE) improved by 2.02 percentage points to 6.03%[19] - Operating cash flow turned positive at 203,340,984.37 yuan, a significant improvement from -143,000,725.24 yuan in the same period last year[19] - Total assets decreased by 3.53% to 3,410,904,805.56 yuan compared to the end of the previous year[19] - The company's diluted earnings per share also increased by 60.00% to 0.64 yuan per share[19] - Total operating revenue for the first half of 2023 was RMB 1,796,249,395.21, an increase of 9.36% compared to RMB 1,642,311,630.86 in the same period last year[112] - Net profit for the first half of 2023 was RMB 169,642,023.41, a 58.66% increase from RMB 106,930,669.75 in the same period last year[112] - Basic earnings per share (EPS) for the first half of 2023 was RMB 0.64, up from RMB 0.40 in the same period last year[113] - Revenue for the first half of 2023 increased to RMB 758,294,957.45, up 14.5% compared to RMB 662,201,504.74 in the same period last year[115] - Net profit for the first half of 2023 rose to RMB 167,368,899.61, an increase of 80% from RMB 92,983,731.13 in the first half of 2022[115] - Operating cash flow for the first half of 2023 improved significantly to RMB 203,340,984.37, compared to a negative RMB 143,000,725.24 in the same period last year[117] - Sales revenue from goods and services in the first half of 2023 reached RMB 2,101,714,660.04, up 9.6% from RMB 1,918,150,330.39 in the first half of 2022[117] - Total comprehensive income for the first half of 2023 was RMB 167,368,899.61, up 80% from RMB 92,983,731.13 in the first half of 2022[116] - Operating cash flow increased significantly to 230.8 million yuan in the first half of 2023, compared to a negative 133.4 million yuan in the same period last year[121] - Sales revenue from goods and services reached 1.245 billion yuan in the first half of 2023, a 62.1% increase from 768.4 million yuan in the same period last year[121] - Total cash inflow from operating activities rose to 1.286 billion yuan in the first half of 2023, up 59.1% from 808.3 million yuan in the same period last year[121] - Cash outflow for investment activities decreased to 468.6 million yuan in the first half of 2023, down 31.9% from 688.5 million yuan in the same period last year[121] - Net cash flow from investment activities improved to -176.3 million yuan in the first half of 2023, compared to -345.4 million yuan in the same period last year[121] - Comprehensive income for the first half of 2023 was 169.6 million yuan, contributing positively to owner's equity[124] - The company's total comprehensive income for the first half of 2023 was RMB 167,368,899.61[130] - Comprehensive income for the period was RMB 92,983,731.13[132] Non-Recurring Gains and Losses - Government subsidies contributed 38,807,395.70 yuan to non-recurring gains[19] - The company's non-recurring gains and losses amounted to RMB 34,366,644.73, including RMB 3,013,859.35 from the disposal of financial assets and liabilities, and RMB 2,372,261.75 from other non-operating income and expenses[20] Industry and Market Trends - The textile industry experienced stable overall performance in H1 2023, with domestic sales recovering while export sales faced pressure[23] - Online retail sales in China grew by 13.1% YoY in H1 2023, with physical goods online retail sales reaching RMB 6,062.3 billion, accounting for 26.6% of total retail sales[23] Product and Brand Strategy - The company focuses on product R&D and technological innovation, aiming for multifunctional and eco-friendly products, with a mature design and development model[26] - The company has extended its brand portfolio with "Shuixing STARZ HOME," "Bailisi," and "Shuixing kids" to cater to different consumer preferences[26] - The company's core strategy revolves around the "Good Quilt, Choose Shuixing" theme, focusing on its competitive advantage in quilt products[26] - The company has established a comprehensive product matrix covering bedding sets, quilts, and pillows, with a focus on the quilt category[26] - The company focuses on brand strategy "Good Quilt, Choose Mercury" and increased marketing investment in online platforms, boosting brand influence[29] - The company launched new products such as the Shuangjing Tea Amino Acid Antibacterial Silk Quilt and the Xinyang Camellia Series Summer Quilt, incorporating innovative technologies[40] - The company collaborated with renowned designers and brands, including emoji, to launch co-branded products and enhance brand appeal[46] - The company focused on the "Good Quilt, Choose Shuixing" brand strategy, strengthening its core product category and driving overall product development[38] - The company leveraged digital platforms like TikTok, Xiaohongshu, and Weibo for marketing, enhancing brand visibility and consumer engagement[44] - The company has enhanced its brand equity through cross-border collaborations, IP partnerships, and original content creation on social media platforms, driving brand rejuvenation and increasing brand premium[54] Supply Chain and Production - The company employs a centralized procurement model, leveraging DRP supply chain collaboration platforms to enhance supply chain management and coordination[27] - The company's production model combines self-production, outsourcing, and custom manufacturing, with self-production mainly for core product categories[27] - The company operates a multi-brand, multi-category, and omni-channel sales model, with a strong presence in both online and offline channels[27] - The company has a highly integrated supply chain advantage, leveraging DRP and ERP systems to optimize product quality, design, and market responsiveness[34] - The company optimized its supply chain through intelligent and visual management, reducing costs and improving efficiency[35] - The company has implemented a comprehensive digitalization strategy, including the construction of a unified technical platform, the promotion of POS systems, and the development of supply chain visualization models to improve overall operational efficiency[56][57] R&D and Innovation - The company has a leading technological R&D advantage with a dedicated R&D center and a professional team, ensuring industry-leading innovation capabilities[29] - The company has developed various functional textile fiber materials and green materials, such as natural herbal antibacterial theanine fiber and low-allergenic fiber, which have been industrialized[31] - The company has 160 patents, including 55 invention patents and 35 utility model patents, as of the end of the reporting period[32] - R&D expenses increased by 5.12% to RMB 34,971,432.88, driven by higher material and personnel costs[60] - R&D expenses for the first half of 2023 increased to RMB 27,160,686.03, up 6.2% from RMB 25,581,848.71 in the same period last year[115] Sales and Marketing - The company has a well-established channel system covering both online and offline, efficiently reaching core consumer groups[32] - The company's main brand "Mercury Home Textiles" holds a leading position in major e-commerce platforms, with a presence in high-potential platforms like Douyin and Kuaishou[33] - The company's offline distribution channels deeply penetrate high-tier and low-tier cities, providing comprehensive consumer experiences[34] - The company has successfully entered core business districts in high-tier cities through its offline self-operated channels, enhancing its influence[34] - The company has upgraded its offline store services, focusing on enhancing both hardware (store decoration, product display) and software (service quality, customer service) to achieve an overall store image upgrade[48] - The company has accelerated digital transformation through the implementation of POS systems and new retail tools, improving store operational efficiency and customer acquisition rates[51] - The company has strengthened its online presence by leveraging major e-commerce platforms (Tmall, JD.com, Vipshop) and emerging platforms like Douyin, achieving significant sales growth and maintaining a leading position in the industry[53] Financial Position and Assets - Total assets decreased from 3,535,615,935.81 RMB to 3,410,904,805.56 RMB, a decline of 3.5%[106][107] - Cash and cash equivalents decreased from 1,163,500,802.71 RMB to 1,040,642,806.49 RMB, a decrease of 10.6%[106] - Trade receivables decreased from 344,771,253.57 RMB to 209,144,672.14 RMB, a significant drop of 39.3%[106] - Inventory decreased from 1,020,651,518.86 RMB to 959,492,710.77 RMB, a reduction of 6.0%[106] - Total liabilities decreased from 768,383,478.96 RMB to 675,523,503.30 RMB, a decline of 12.1%[107] - Shareholders' equity decreased slightly from 2,767,232,456.85 RMB to 2,735,381,302.26 RMB, a reduction of 1.2%[107] - Fixed assets decreased from 394,705,940.84 RMB to 380,606,777.89 RMB, a decline of 3.6%[106] - Prepayments increased significantly from 39,950,375.26 RMB to 107,943,834.51 RMB, a growth of 170.2%[106] - Other receivables decreased from 32,796,136.52 RMB to 29,268,725.37 RMB, a reduction of 10.8%[106] - Total current liabilities decreased from 680,539,757.58 RMB to 600,678,128.68 RMB, a decline of 11.7%[107] - Total liabilities as of June 30, 2023, were RMB 285,708,985.90, an increase of 39.94% compared to RMB 204,153,887.13 at the end of 2022[109] - Total equity attributable to shareholders as of June 30, 2023, was RMB 2,189,553,166.59, a slight decrease of 1.54% from RMB 2,223,677,444.98 at the end of 2022[109] - Contract liabilities as of June 30, 2023, were RMB 18,086,352.56, a significant increase of 262.15% compared to RMB 4,994,101.93 at the end of 2022[109] - Financial expenses for the first half of 2023 were negative RMB 10,896,330.57, compared to negative RMB 4,514,864.27 in the same period last year, primarily due to increased interest income[112] - Cash and cash equivalents at the end of the first half of 2023 stood at RMB 1,039,279,317.05, down from RMB 1,162,666,825.38 at the beginning of the period[118] - Investment activities resulted in a net cash outflow of RMB 182,484,146.85 in the first half of 2023, compared to RMB 356,473,787.00 in the same period last year[117] - Interest income for the first half of 2023 increased to RMB 12,874,054.98, up 83.8% from RMB 7,005,531.56 in the same period last year[115] - The company paid RMB 108,534,943.00 in dividends, profits, and interest in the first half of 2023, up 37.2% from RMB 79,085,268.54 in the same period last year[118] - Total owner's equity decreased by 31.9 million yuan to 2.735 billion yuan as of June 30, 2023, mainly due to profit distribution of 183.9 million yuan[124] - Cash and cash equivalents decreased by 74.3 million yuan to 887.7 million yuan as of June 30, 2023, compared to 962.0 million yuan at the beginning of the year[121] - The company paid 108.5 million yuan in dividends, profits, and interest in the first half of 2023, a 37.9% increase from 78.7 million yuan in the same period last year[121] - Capital expenditure for fixed assets, intangible assets, and other long-term assets remained stable at 8.55 million yuan in the first half of 2023[121] - The company's undistributed profit decreased by RMB 16,573,530.39 in the first half of 2023[130] - The company's total owner's equity decreased by RMB 34,124,278.39 in the first half of 2023[130] - The company's capital reserve increased by RMB 17,550,748.00 in the first half of 2023[130] - The company's profit distribution to owners (or shareholders) was RMB 183,942,430.00 in the first half of 2023[130] - The company's total owner's equity at the end of the first half of 2023 was RMB 2,189,553,166.59[130] - The company's undistributed profit at the end of the first half of 2023 was RMB 950,339,386.81[130] - The company's capital reserve at the end of the first half of 2023 was RMB 894,844,262.64[130] - The company's total owner's equity at the beginning of the first half of 2023 was RMB 2,223,677,444.98[130] - The company's undistributed profit at the beginning of the first half of 2023 was RMB 966,912,917.20[130] - Total owner's equity at the end of the period was RMB 2,091,580,759.66, a decrease of RMB 39,616,268.87 compared to the beginning of the period[132] - Profit distribution to owners (or shareholders) amounted to RMB 132,600,000.00[132] Corporate Governance and Shareholder Information - The company held its 2022 Annual General Meeting on May 17, 2023, and disclosed the 2022 Annual Report and Financial Report[73] - The company appointed Ms. Tian Yi as the Board Secretary on July 19, 2023, effective until the end of the fifth board term[75] - No profit distribution or capital reserve conversion plan was proposed for the first half of 2023[76] - The company extended the duration of its first and second employee stock ownership plans by 12 months, until July 15, 2024[77] - As of the reporting period, the first employee stock ownership plan had 21 participants holding 692,500 shares (0.26% of total shares), and the second plan had 32 participants holding 332,000 shares (0.12% of total shares)[78] - The company's actual controllers, shareholders, and related parties have committed to not transferring or entrusting others to manage their directly or indirectly held shares of the company's pre-IPO issued shares for 36 months after the company's stock listing[86] - After the lock-up period, directors and senior management can transfer no more than 25% of their held shares annually, and cannot transfer shares within six months after leaving their positions[86] - The company's controlling shareholder, Shui Xing Holdings, has committed to not engaging in any business that directly competes with the company's new business areas in China or abroad[87] - The actual controllers have pledged not to directly or indirectly engage in any business that competes with the company or holds equity in any competing economic entities[87] - Shui Xing Holdings plans to maintain its controlling stake in the company and may consider reducing its holdings after the lock-up period, provided it does not lose its controlling position or violate existing commitments[87] - The company's major shareholders and actual controllers, Xie Qiuhua and Li Laibin, commit to limiting their annual share transfer to no more than 10% of the total shares held at the end of the previous year within two years after the lock-up period expires[88] - The company pledges to repurchase all newly issued shares if the prospectus is found to contain false records, misleading statements, or major omissions that significantly impact the company's compliance with legal issuance conditions[88] - The company's actual controllers promise to vote in favor of share repurchase resolutions at board and shareholder meetings if the prospectus is found to contain false records, misleading statements, or major omissions[89] - The company's directors and senior management commit to voting in favor of share repurchase resolutions if the prospectus is found to contain false records, misleading statements, or major omissions[89] - The company's directors and senior management pledge to compensate investors for losses incurred due to false records, misleading statements, or major omissions in the prospectus[89] - The company's directors and senior management promise to avoid unfair transactions and misuse of company assets, and to link executive compensation and equity incentive plans with the company's measures to fill returns[89] - The company's actual controllers, Xie Qiuhua and Li Laibin, commit to covering all expenses and economic losses if the company or its subsidiaries are required to make up for social insurance and housing fund payments[90] - The total number of ordinary shareholders at the end of the reporting period was 8,972[97] - The largest shareholder, Mercury Holding Group Co., Ltd., holds 107,800,000 shares, accounting for 40.42

证券代码：603365 股票简称：水星家纺 公告编号： 2023-037 上海水星家用纺织品股份有限公司 第五届监事会第七次会议决议公告 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、会议召开情况 上海水星家用纺织品股份有限公司(以下简称"公司")第五届监事会第七次 会议（以下简称"本次会议"）于2023年08月18日通过飞书通知全体监事，并于 2023年08月28日以现场方式在公司五楼会议室召开。本次会议应参加表决监事3 名，实际参加表决监事3名，由监事会主席孟媛媛女士主持，公司部分高级管理 人员列席会议。本次会议的召开符合《中华人民共和国公司法》及《公司章程》 的有关规定，会议决议合法有效。 表决结果：3 票同意，0 票反对，0 票弃权。 特此公告。 1 1、审议通过了《2023 年半年度报告及摘要》。 具体内容详见公司于指定媒体披露的《上海水星家用纺织品股份有限公司 2023 年半年度报告》及《上海水星家用纺织品股份有限公司 2023 年半年度报告 摘要》。 监事会认为： 1）《公司 2023 年半年度报告》及《公 ...

证券代码：603365 股票简称：水星家纺 公告编号：2023-036 上海水星家用纺织品股份有限公司 第五届董事会第八次会议决议公告 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。 一、会议召开情况 （一）审议通过了《2023 年半年度报告及摘要》。 具体内容详见公司于指定媒体披露的《上海水星家用纺织品股份有限公司 2023 年半年度报告》及《上海水星家用纺织品股份有限公司 2023 年半年度报告摘要》。 本议案已经公司第五届董事会审计委员会 2023 年第四次会议审议通过，并同意 提交公司董事会审议。 表决结果：9 票同意，0 票反对，0 票弃权。 特此公告。 上海水星家用纺织品股份有限公司 董 事 会 2023 年 08 月 29 日 1 上海水星家用纺织品股份有限公司（以下简称"公司"）第五届董事会第八次 会议（以下简称"本次会议"）于2023年08月18日以邮件、微信、飞书等方式通知全 体董事，并于2023年08月28日以现场加视频会议的方式在公司五楼会议室召开。本 次会议应参加表决董事9名，实际参加表决董事9名，其 ...

关于会计政策变更的公告 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： 上海水星家用纺织品股份有限公司（以下简称"公司"）本次会计政策 变更是根据财政部相关文件要求进行的合理变更，不会对公司财务状况、经营成 果和现金流量产生重大影响，不存在损害公司及股东利益的情况。 公司根据财政部颁布的相关会计准则解释做出的法定变更，无需公司董 事会、监事会和股东大会审议。 一、本次会计政策变更概述 （一）会计政策变更的原因 证券代码：603365 证券简称：水星家纺 公告编号：2023-038 上海水星家用纺织品股份有限公司 （三）变更后采用的会计政策 本次会计政策变更后，公司根据财政部颁布的《准则解释第 16 号》相关规 定执行。除上述政策变更外，其他未变更部分仍按照财政部前期颁布的《企业会 计准则—基本准则》和相关具体准则、企业会计准则应用指南、企业会计准则解 释及其他相关规定执行。 （四）变更日期 根据《准则解释 16 号》的要求，公司决定自 2023 年 1 月 1 日起施行关于单 项交易产生的资产和负债相关的递延所 ...

证券代码：603365 证券简称：水星家纺 公告编号：2023-025 上海水星家用纺织品股份有限公司 关于召开 2022 年度暨 2023 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： 会议召开时间：2023 年 05 月 26 日（星期五）下午 15:00-16:00 二、 说明会召开的时间、地点 （一） 会议召开时间：2023 年 05 月 26 日（星期五）下午 15:00-16:00 1 （二）会议召开地点：上证路演中心（网址：http://roadshow.sseinfo.com/） （三） 会议召开方式：上证路演中心网络互动 三、 参加人员 会议召开地点： 上海证券 交易所上证路演中心（ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 05 月 19 日（星期五）至 05 月 25 日（星期四）16:00 前 登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 sxjf@s ...

Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 7 RMB per 10 shares to all shareholders, totaling approximately 183.94 million RMB (including tax) based on a total share capital of 266,670,000 shares as of December 31, 2022[7]. - The company has committed to maintaining the distribution ratio per share even if the total share capital changes before the dividend distribution date[7]. - The company has a cash dividend policy that aims to enhance transparency and maintain continuity, with a total cash dividend payout of 199,335,345 RMB for the year, accounting for 71.64% of the net profit[163]. - The board of directors has approved a dividend payout of 0.5 RMB per share, reflecting a commitment to returning value to shareholders[134]. Financial Performance - In 2022, the company achieved operating revenue of CNY 3.66 billion, a decrease of 3.57% compared to 2021[25]. - The net profit attributable to shareholders was CNY 278.26 million, down 27.89% year-on-year[25]. - The basic earnings per share decreased by 28.08% to CNY 1.05[26]. - The weighted average return on equity fell to 10.32%, a decrease of 5.19 percentage points from the previous year[26]. - The net cash flow from operating activities was CNY 103.91 million, a significant decrease of 77.60% compared to 2021[25]. - The company reported a gross margin of 35% for the fiscal year, indicating strong operational efficiency and cost management[132]. Governance and Compliance - The company has confirmed that all board members attended the board meeting, ensuring governance transparency[5]. - The company has not violated decision-making procedures for providing guarantees, maintaining compliance with regulations[9]. - The company has not faced any issues with more than half of the board members being unable to guarantee the authenticity of the annual report[9]. - The company has established a sound internal control system, with a standard unqualified opinion from the internal control audit report[171]. - The company has continuously improved its corporate governance structure, ensuring compliance with relevant laws and regulations[171]. Operational Risks and Market Environment - The company has detailed the main operational risks in the report, advising investors to pay attention to investment risks[9]. - The overall retail sales of textile and apparel products in China decreased by 6.5% in 2022, reflecting a challenging market environment[56]. - The company faces risks related to macroeconomic fluctuations, including a potential slowdown in consumer income growth and a decline in real estate market transactions, which could impact market demand for home textile products[120]. - There is a significant risk of production cost volatility due to uncertainties in raw material prices and rising labor costs, prompting the company to enhance brand influence and optimize supply chain management to control production costs[120]. Brand Strategy and Marketing - The company continues to focus on the "Good Bedding, Choose Mercury" brand strategy, enhancing its core category advantages and leading the bedding category with insights into consumer pain points, resulting in Mercury Home Textiles being ranked first in national bedding sales in 2021 and wedding bedding sales in 2022 according to Euromonitor International[36][38]. - The company has upgraded its brand image to "Mercury STARZHOME," reflecting improvements in terminal image, product design, technology research and development, and service experience[39]. - The company has successfully utilized new media platforms such as WeChat, Weibo, Douyin, and Xiaohongshu for brand promotion, including the "Bring Home the Heart 2022 Mercury Heart Year" campaign, which effectively engaged consumers[40][41]. - The company has strengthened its brand strategy, focusing on collaborations with well-known brands and designers to enhance brand value and appeal to younger consumers[50]. Research and Development - The company has developed 12 invention patents in 2022, including a method for co-cultivating golden silkworms, recognized as an innovative product in Shanghai[75]. - The company has a mature R&D system, focusing on market-driven product development and technological innovation[73]. - R&D expenses rose by 9.87% to CNY 71,647,238.45, reflecting increased investment in product development[83]. - The company has allocated 100 million RMB for research and development of new technologies in 2022[146]. Supply Chain and Efficiency - The company has upgraded its procurement system to a DRP supply chain collaboration platform, improving supply chain management and transparency[65]. - The company is focusing on enhancing its supply chain efficiency through digital planning and visualization models[52]. - The company has engaged IBM consultants to enhance supply chain management capabilities across multiple dimensions[78]. - A new strategic partnership has been established with a leading logistics provider to improve supply chain efficiency, expected to reduce delivery times by 15%[134]. Community and Environmental Responsibility - The company invested 50,000 RMB in poverty alleviation projects, directly benefiting 6,253 people in Yunnan Dali Zhangqian Village[184]. - The company has committed to using environmentally friendly materials, such as Tencel™, which is produced with minimal environmental impact and is biodegradable[179]. - The company has established a new committee to oversee sustainability initiatives, aiming for a 25% reduction in carbon footprint by 2025[146]. - The company reduced carbon emissions by 284 tons through various measures, including the installation of rooftop solar panels and the use of energy-efficient equipment[177]. Future Outlook and Growth Plans - The company has set a future outlook with a revenue target of 1.5 billion RMB for 2023, which reflects an ambitious growth rate of 25%[134]. - Market expansion plans include entering three new provinces in China, aiming to increase market share by 10% in these regions by the end of 2023[134]. - The company plans to enhance brand promotion through a combination of new media and traditional media, maintaining high-quality communication with consumers[110]. - The company will conduct nationwide consumer research to understand changes in consumer perception and publish the "2023 China Comforter White Paper"[113].