（文章来源：证券日报） 当前家居行业数智化提速，AR与机器人等热点领域兴起，"AI+"如何赋能企业增长备受关注。建霖家居 作为全球知名的厨卫、净水及健康家居产品制造商，不仅手握超2000件专利的技术优势，更在"十四 五"期间实现了数智转型、海外基地落地、康养业务起步等多重突破。2026年是"十五五"开局之年，其 AI融合、机器人布局等战略备受受市场期待。 建霖家居董事长陈岱桦表示，AI价值不在于技术本身，而在于能否提升产品体验，优化制造效率和实 践场景的应用，赋能整个业务发展，面向"十五五"，建霖家居已规划AI赋能制造，以及单一智能产品转 向场景化协同的发展路径。 ...

Investment Rating - The report rates the silver economy industry as "Outperform" compared to the market [1]. Core Insights - The demand for elderly care products is increasing due to the rising proportion of individuals aged 65 and above, as well as the growing number of elderly living alone and those with disabilities. AI technology is enhancing product capabilities and expanding market demand [1][12]. - The report categorizes elderly care durable goods into three main areas: daily living assistance, emotional companionship, and health safety [21]. Summary by Sections Elderly Care Durable Goods Overview - The report highlights the increasing demand for smart elderly care devices, including nursing robots, companion robots, home care equipment, and AI mattresses, driven by the aging population and technological advancements [1][12]. Home Care Equipment - AI is enhancing the functionality of home care devices, which are crucial for monitoring elderly individuals, especially to prevent falls. The market for independent care devices is projected to reach 14 million units by 2030, with a compound annual growth rate of 16% [2][32]. - Leading companies in this sector include Yingzi Network, which offers a comprehensive home care solution through its "Yingzi Elderly Smart Body" product [2][19]. Elderly Care Robots - The market for nursing robots is expected to reach a scale of hundreds of billions, with significant growth driven by policy support and the introduction of new products across various segments [3][43]. - Key players include Ousheng Electric, which specializes in nursing robots, and Rongtai Health, known for its massage therapy robots [3][42]. Smart Mattresses - Smart mattresses are identified as a potential growth category due to their low penetration rate and high demand. The domestic mattress market is expected to reach approximately 65.9 billion RMB by 2024, with smart mattresses projected to increase in market share [4][12]. - Leading companies in this segment include Xilinmen and Mousse Co., which are developing AI-driven sleep solutions [4][50]. Policy Support - The report outlines various government policies aimed at promoting the integration of technology and elderly care, including subsidies for home modifications and the development of smart elderly care products [24][26]. - The Ministry of Civil Affairs and other departments have issued measures to encourage the development of elderly care robots and related technologies [26][27]. Market Demand Projections - The report estimates that by 2030, the number of elderly individuals requiring care will significantly increase, leading to a robust demand for nursing robots and related technologies [45][43]. - The total market demand for elderly care robots in China and abroad is projected to exceed 200 billion RMB [45][43].

Investment Rating - The report rates the light industry export chain as "Buy" [2] Core Insights - The growth potential of companies is derived from the alignment of industry characteristics and their own competitive advantages [3] - The report emphasizes that leading companies in niche markets can achieve differentiation and higher profitability due to limited competition and market capacity [6][7] - The report identifies key investment opportunities in companies such as Jiangxin Home, Gongchuang Lawn, Zhongxin Co., Gujia Home, Yingke Medical, Songlin Technology, Jianlin Home, Zhejiang Natural, and Yiyi Co. [4] Summary by Sections 1. Company Growth Sources: Industry Characteristics and Competitive Matching - Niche market leaders often achieve differentiation and alpha due to limited competition and high growth potential, with leading companies maintaining a market share of over 20% and net profit margins of 15%-20% [6][7] - Zhongxin Co. benefits from cost advantages through equipment optimization and raw material selection, achieving significant savings in fixed asset investment compared to peers [9] - Gongchuang Lawn excels in R&D innovation and comprehensive production efficiency, maintaining superior unit profit margins despite market price fluctuations [18][19] 2. Overseas Capacity Migration: Accelerated Diversification - The trend of sourcing from the U.S. is evident, with major retailers like Home Depot and Lowe's increasing their domestic procurement [4] - The report notes that U.S. tariffs and geopolitical factors are accelerating the shift of production capacity to North America, particularly in response to the 2025 tariff changes [4] 3. Investment Recommendations - The report suggests that leading companies in the export chain can achieve excess profits through precise positioning in niche markets, cost control, and differentiated product and channel operations [4] - The report highlights the importance of innovation and agile market response in driving product iterations, particularly for Jiangxin Home, which has rapidly developed new features in its product lines [27][30]

| 市值(亿元) | 时间 | 2023Y | 2024Y | 2025前三 | | --- | --- | --- | --- | --- | | 58.99 | | | | 季度 | | | 营业收入 | | 50.07 | 37.23 | | 机构持股 | (亿元) | | | | | | 归母净利润 | | 32.81 | 34.32 | | 北向资金持股比例 | (亿元) | | | | | 1.38% | 净资产收益率 (%) | | 15.01 | 10.31 | | (12月31日) | | | | | | 大股东质押率 | 毛利率 | | 25.90 | 26.20 | | | (%) | | | | | | 每股收益 | | | | | 最新监管情况 | (元) | | | | | 近一年无相关信息 | 经营活动现金流 | - | 7.59 | 3.65 | | | (亿元) | | | | | | 应收账款 | | 9.72 | 10.47 | | | (亿元) | | | | (记者 刘志远 陈旭) 上期（总第231期）A股绿色周报显示，共有10家上市公司在近期暴露了环境风险。 建霖家 ...

Group 1 - The article highlights the top 20 stocks in the S&P China A-Share Dividend Opportunity Index (CSPSADRP) based on their daily and year-to-date performance as of January 22, 2026 [1][5] - The stock "奥特维" (code: 688516.SH) leads with a daily increase of 14.41% and a year-to-date increase of 65.73%, with a dividend yield of 3.21% [1][5] - Other notable performers include "九丰能源" (code: 605090.SH) with a daily increase of 5.95% and a year-to-date increase of 21.51%, and "中国海滩" (code: 600938.SH) with a daily increase of 4.12% and a year-to-date increase of 5.43% [1][5] Group 2 - The overall dividend yield for the index is reported at 4.76%, with a historical price-to-earnings (P/E) ratio of 11.75 times and an expected P/E ratio of 11.07 times [2] - The data indicates a positive trend in stock performance, with several companies showing significant year-to-date gains, suggesting a favorable investment environment [4][8]

建霖家居（603408.SH）1月21日在投资者互动平台表示，公司与节卡机器人的合作已展开，加速推展 联合实验室落地，通过我方在康养及家居场景所累积的用户数据，结合节卡机器人相关硬件能力，进行 康养及家居场景模拟训练，产品研开发朝向解决消费者使用痛点，推出整体解决方案。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：请问董秘，公司和节卡机器人的合作有进展吗？主要 合作研究哪类机器人？ ...

Group 1 - The article highlights the top 20 stocks in the S&P China A-Share Dividend Opportunity Index (CSPSADRP) based on their daily and year-to-date performance as of January 16, 2026 [1][6] - The stock with the highest daily increase is Aotewi (688516.SH) with a rise of 8.22% and a year-to-date increase of 43.17%, along with a dividend yield of 3.51% [1][6] - Other notable performers include Daimai Co. (603730.SH) with a daily increase of 5.32% and a year-to-date increase of 6.28%, and Weichai Power (000338.SZ) with a daily increase of 3.66% and a year-to-date increase of 21.74% [1][6] Group 2 - The list includes various companies with significant dividend yields, such as Gree Electric Appliances (000651.SZ) with a yield of 7.46% and Nanshan Aluminum (600219.SH) with a yield of 6.57% [1][6] - The data is sourced from the Shanghai Stock Exchange and reflects the closing prices as of January 16, 2026, with dividend yields calculated up to January 15, 2026 [1][6]

Group 1 - The core viewpoint of the article is that Jianlin Home (603408) is focusing on the health and wellness sector in its strategic planning for the next five years [1] - The company plans to concentrate on health and wellness scenarios, integrating smart home technology, proprietary products, and robotic solutions [1]

Core Insights - The strategic cooperation between Jianlin Home and Jieke Robotics focuses on four key areas: product procurement empowerment, joint laboratory establishment, deepening technical exchanges and talent cultivation, and building a long-term stable strategic partnership [1] Group 1: Strategic Cooperation Focus - The cooperation emphasizes on empowering product procurement, with Jianlin prioritizing the use of Jieke Robotics to enhance quality and efficiency in industrial scenarios [1] - A joint laboratory will be established to explore innovation in smart manufacturing, smart home, and health care, developing solutions for health care services and intelligent companion robots [1] - The collaboration aims to deepen technical exchanges and cultivate talent teams, creating an efficient cooperation platform [1] - The partnership seeks to identify new growth points in emerging industries [1] Group 2: Procurement and Application - Jianlin will procure a batch of various models of robots from Jieke Robotics, including collaborative robots and embodied intelligent robots, to be applied in smart manufacturing scenarios [1] - The goal of this procurement is to enhance the efficiency of lean production [1] - The procurement amount at this stage has not reached the disclosure standard [1]

Investment Rating - The report maintains a positive outlook on the paper and light industry sectors, highlighting high dividend safety margin assets and companies with strong growth potential [1][2]. Core Insights - The report emphasizes the importance of focusing on high dividend safety margin assets in the packaging and home furnishing sectors, benefiting from the appreciation of the RMB and the expected decrease in paper procurement costs [2][4]. - It identifies key companies in the packaging sector such as Yongxin Co., Yutong Technology, Huawang Technology, and Meiyingsen, as well as home furnishing leaders like Kuka Home, Mousse, Oppein, and Sophia [2][4]. - The paper industry is expected to benefit from rising wood pulp prices and seasonal demand, with companies like Sun Paper, Nine Dragons Paper, and Bohui Paper being highlighted for their potential [2][4]. - The report also discusses the export sector, noting the impact of RMB appreciation and the importance of supply chain and brand expansion for companies like Jiangxin Home, Yongyi Co., Jiayi Co., and Zhongxin Co. [2][4]. Summary by Sections Packaging Sector - The packaging industry is characterized by a mature competitive landscape, with leading companies reducing capital expenditures and demonstrating advantages in overseas markets [5][6]. - Yongxin Co. is noted for its stable high dividend policy and strong performance in soft packaging and film business, with a dividend rate of 84% to 81% from 2020 to 2024 [5]. - Yutong Technology has expanded its global supply chain, enhancing its operational efficiency and increasing its dividend rate to 70% by 2025 [6]. - Huawang Technology is positioned well in the decorative paper market, with expectations of improved profitability due to limited new supply and rising demand [7]. - Meiyingsen is recognized for its strategic overseas expansion and high dividend yield, with a focus on emerging markets [8]. Home Furnishing Sector - The home furnishing industry is experiencing accelerated consolidation, with a positive outlook driven by supportive real estate policies and improving consumer confidence [9][10]. - Companies like Kuka Home and Sophia are expected to benefit from the increasing demand for home renovation and the implementation of "old-for-new" policies [10][23]. - The report highlights the importance of retail capabilities and supply chain improvements for companies to enhance their market share and profitability [23][24]. Paper Industry - The paper industry is anticipated to see a recovery in demand and pricing, supported by strong control over production by overseas pulp mills [11][13]. - Companies such as Sun Paper and Nine Dragons Paper are expected to benefit from the stabilization of pulp prices and improved supply-demand dynamics [11][13]. - The report notes that the industry has been at a low point for several years, but a mid-term recovery is expected as demand gradually increases [11][13]. Export Sector - The export sector is influenced by the global economic environment, with a focus on companies that are expanding their international presence and brand recognition [14][15]. - Jiangxin Home is noted for its innovative product offerings and strong growth in customer numbers, while Yongyi Co. is positioned to capitalize on the growing demand for ergonomic chairs [15][16]. - Jiayi Co. is recognized for its strategic expansion in the insulated cup market, while Zhongxin Co. is highlighted for its growth potential in the pulp molding sector [16][17]. Pet Products Sector - The pet products sector is experiencing robust growth, with companies like Yiyi Co. and Yuanfei Pet benefiting from strong export performance and brand development [18]. - Yiyi Co. is expected to see significant revenue growth due to its acquisition strategy and strong sales performance [18]. - Yuanfei Pet is noted for its rapid growth in the domestic market and expansion of its product offerings [18]. Light Industry Sector - The report emphasizes the importance of monitoring changes in the light industry, with companies like Anfu Technology and Jianlin Home focusing on strategic acquisitions and technological advancements [19][20]. - Anfu Technology is expected to enhance its profitability through increased ownership in Nanfeng Battery and expansion into new business areas [19]. - Jianlin Home is transitioning towards smart robotics, leveraging its existing technology and market position [20].