xilinmen(SH:603008) Shang Hai Zheng Quan Bao·2025-05-21 20:43Company Overview - The company held a performance briefing for the fiscal year 2024 and the first quarter of 2025 on May 21, 2025, at the Shanghai Stock Exchange [2][10] - The briefing was attended by key executives including the president, board secretary, and financial director, who engaged with investors on the company's operational results and financial status [2] Industry Insights - The domestic smart mattress penetration rate is currently low, primarily due to customer awareness, with the mattress industry in China still in its early development phase [3] - The company emphasizes the importance of technological innovation and product development, having invested over 1.2 billion yuan in R&D over the past decade [4] - The company launched the new technology sleep brand "aise宝褓" in April 2024, with sales exceeding 10 million yuan in the first quarter of 2025, indicating strong market acceptance [4] Core Technologies - The smart mattress incorporates several core technologies, including multi-modal biological sensing data collection and analysis, active sleep intervention techniques, and emotional companionship through intelligent interaction [5][6] Market Trends - The furniture manufacturing industry in China reported a revenue of 677.15 billion yuan in 2024, with a slight year-on-year growth of 0.4%, while profits slightly decreased by 0.1% [7] - The mattress market is characterized by a fragmented landscape with many brands, but there is a trend towards consolidation among leading companies [7][8] Future Outlook - The company anticipates significant growth in the mattress market driven by increasing consumer awareness of sleep quality and ongoing innovation in the home furnishings sector [8] - Future profitability will be driven by a dual focus on deepening sleep technology and high-quality, efficient development strategies [9]