于法兰克福展台，呈现多场景睡眠生态 被誉为全球家纺行业风向标的法兰克福家纺展(Heimtextil)，于当地1月13日至16日在德国法兰克福展览 中心举行，作为家纺界规模最大、最具影响力的专业展会，它汇聚了全球顶尖的家用纺织品设计与创新 成果。MLILY梦百合此次携多元产品矩阵重磅亮相，涵盖曼联联名系列、全新科技床垫、全品类家纺 及卧室床架，全面展现创新实力与欧洲市场深耕战略。 焕新升级的曼联联名系列成为焦点，现场不仅陈列了MLILY梦百合与曼联联名的弹簧款与海绵款床 垫，更搭配可调节智能床底座及曼联薄床垫、颈枕等单品，从核心寝具到辅助配件形成完整产品链路， 全方位满足消费者对个性化、场景化睡眠体验的需求，并凸显品牌与曼联稳固的合作伙伴关系。自2016 年成为曼联全球官方合作伙伴以来，MLILY梦百合携手曼联持续打造全球品牌影响力，联名产品深受 全球消费者的喜爱。 全新升级的Air+系列床垫，也从环保、健康、科技三大维度重新定义睡眠品质。其中，Air+ Seaqual款 采用含再生纱线的环保面料，积极响应欧洲市场对可持续发展的强烈诉求；Pro+ Avocado款在面料中创 新添加牛油果助剂，赋予产品天然的亲肤 ...

人民日报记者 张云河 吴君 李蕊 引子 家门口这间小卖部，湖北宣恩县经营者刘琴操持了17年，顾客一度以街坊邻居为主。自2021年上线 即时零售服务，小店商品搬上网，外卖配送"小时达"，服务半径从1公里拓展至7公里，营业额翻了番。 我国县域人口多，消费潜力大。2023年7月，商务部等9部门印发的《县域商业三年行动计划（2023 —2025年）》提出，"以数字化、连锁化、标准化为方向""到2025年，在全国打造500个左右的县域商 业'领跑县'"。 县域商业扩容提质，"下沉"市场释放消费"向上"潜能。国家统计局数据显示，2021年至2024年，包 含镇区和乡村的县乡消费品零售额占社会消费品零售总额的比重，从38%提升至38.8%。2025年1月至10 月，县乡消费品零售额同比增长4.6%，增速快于同期城区水平。 "十五五"规划建议提出，"大力提振消费。"近日，记者走进山东宁津县、湖北宣恩县、广西富川瑶 族自治县等全国县域商业"领跑县"，感受县乡消费新体验。 宁津县全民共富电商基地内，一家电商正在直播。人民日报记者 李蕊 摄 数字化 即时零售、直播电商、自建平台，各地"量体裁衣" "多亏外卖小哥及时送药，救了急。" ...

| 股东 | 冻结股份数 | 占其所 | 占公司 | 冻结股份 | 冻结起始 | 冻结到期日 | 冻结申请人 | 冻结 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 重(股) | 持股份 | 总股本 | 是否为限 | 日 | | | 原因 | | | | 比例 | 比例 | 售股 | | | | | | 美克 集团 | 488, 449, 350 | 100. 00% | 33.99% | 合 | 2026-1-21 | | 广东省深圳市 宝安区人民法 | 轮候 冻结 | | | | | | | | | 院 | | 美克家居称，经与控股股东核实，此次轮候冻结事项系美克集团发生借贷纠纷引发。 根据广东省深圳市宝安区人民法院作出的（2025）粤0306执保37013号之三协助执行通知书，轮候冻结美克集团持有的公司股份4.88亿股。本次轮候申请 人为深圳市木林供应链管理有限公司，债务本金4400万元。 美克家居同时表示，本次纠纷不涉及公司抵押或担保事项，不会对公司的生产经营产生影响。公司控股股东不存在非经营性资金占用、违规担保等侵害 ...

Group 1 - The Ministry of Finance has optimized the personal consumption loan interest subsidy policy, extending the implementation period to the end of 2026 and removing various limits on subsidies, thereby reducing consumer credit costs and enhancing consumption potential [1] - The policy adjustments include the inclusion of credit card installment payments in the subsidy scope and the expansion of eligible financial institutions to hundreds, benefiting more urban and rural consumers [1] - Ant Group, as one of the first financial institutions to implement the subsidy, has reported a 23% year-on-year increase in subsidies linked to its Huabei installment service since the policy's implementation in September 2025 [1] Group 2 - The "National Subsidy" product section launched on Taobao and Tmall has attracted tens of millions of consumers, indicating a growing consumer interest in subsidized products [2] - During the Double 11 shopping festival, the average installment consumption amount increased by 18% compared to September, with certain sectors like apparel and home appliances seeing over 20% growth in interest-free installment transactions [2] - The optimized personal consumption loan subsidy policy is viewed as a significant measure to support consumption through coordinated efforts among the government, financial institutions, and merchants, aiming to lower consumer barriers and boost sales [2]

Group 1 - The core viewpoint is that China's consumption market is expected to maintain stable growth in 2025, with both scale and quality improving, showcasing the advantages of a super-large market [1] Group 2 - The total retail sales of consumer goods are projected to exceed 50 trillion yuan for the first time, reaching 50.1 trillion yuan, a 3.7% increase from the previous year, with final consumption expenditure contributing 52% to economic growth [1] - The implementation of the old-for-new consumption policy led to sales in related categories reaching 2.61 trillion yuan, benefiting 366 million people [1] - Retail sales of household appliances, furniture, cultural office supplies, and communication equipment increased by 11%, 14.6%, 17.3%, and 20.9% respectively [1] Group 3 - New types of consumption, such as green and smart products, are thriving, with retail sales of new energy vehicles growing by 17.6%, and by the end of 2025, 6 out of every 10 passenger cars sold are expected to be new energy vehicles [1] - The number of consumers purchasing first-level energy-efficient or water-efficient appliances is expected to increase by 20% compared to the previous year, with smart glasses, smartwatches, and smart bands each growing over 40% [1] - Health-related consumption is expanding, with retail sales of sports and entertainment products increasing by 15.7% [1] Group 4 - The Ministry of Commerce will continue to combine benefits for the public and promote consumption through a dual approach of "policy + activities" to continuously unleash consumption potential [2]

智通财经APP获悉，1月22日，商务部召开例行新闻发布会。新闻发言人何咏前表示，2025年，我国消 费市场保持平稳发展态势，规模与质量实现双提升，超大规模市场优势持续显现。总的来看，可以用三 个关键词来概括全年消费市场特点：一是扩容。2025年，社会消费品零售总额首次突破50万亿元大关， 达50.1万亿元，较去年增长3.7%，最终消费支出对经济增长的贡献率为52%。 二是惠民。去年我们加力实施消费品以旧换新，带动相关品类销售达2.61万亿元，3.66亿人次享受到真 金白银的"实惠"。限额以上单位家电、家具、文化办公用品、通讯器材零售额分别增长11%、14.6%、 17.3%和20.9%。 三是提质。绿色、智能等新型消费蓬勃发展。去年新能源车零售量增长17.6%，渗透率持续提升，截至 2025年底，每售出10辆乘用车就有6辆是新能源车。商务大数据显示，2025年消费者购买一级能效或水 效家电产品的数量比上年增长了20%，智能眼镜、智能手表、智能手环增长均超40%。健康消费持续扩 大，体育、娱乐用品零售额增长15.7%。 下一步，商务部将坚持惠民生和促消费紧密结合，"政策+活动"双轮驱动，不断释放消费潜力活力。 ...

每日金句 创始人要有极致的成本意识，才能一直贯穿到整个组织，让每个员工去严谨对 待成本管理。 创始人要从源头生产供应的每一个环节，从业务端整个流程来 梳理到底哪些地方是可以降本的。降本本质是战略引领的，是为了能够更好地 把资源集中到未来要拓展和成长的主线业务，看似是节流，实际是为了更好地 投入到开源。 万晓 | 启承资本合伙人 成长期消费投资人 这里认真推荐你： 黑马·欧洲游学 7天6晚， 我们将带您 回到品牌的"第一现场"， 从 巴黎到米兰 ，直击 LV、欧莱雅、Prada 等顶流品牌的诞生地与核心工厂。我们还将潜入IFM学院解密奢侈品管理逻辑，在蓝带学院领 悟生活方式定义权，更能探访Loro Piana面料实验室，解锁产业链密码。 30席限量抢位， 带你用欧洲思维重构品牌壁垒，从"卖产品"到"卖梦想"，用文化重新定义品 牌定价权！ 欧洲品牌"长青"的三大内核:稀缺性叙事、产 业链自控、生活方式定义 终址 M 。 上 文末扫码，即可报名 活动详情如下 ↓↓↓ 回到品牌 朝圣品牌 7.51 用 文化 重 2 17 17 1 2026 03-29 -04.04 马 新 商 业 全 球 探 索 计 划 当中国制造 ...

Core Viewpoint - Zhigang Home is expected to experience a significant decline in net profit for the year 2025, with projections indicating a decrease of 42.92% to 55.89% compared to the previous year [1] Financial Performance - The estimated net profit attributable to shareholders for 2025 is projected to be between 170 million to 220 million yuan [1] - The estimated net profit, excluding non-recurring gains and losses, is projected to be between 110 million to 150 million yuan, reflecting a year-on-year decrease of 55.82% to 67.60% [1] Market Conditions - The decline in profit is primarily attributed to a continuous reduction in new housing deliveries, leading to structural adjustments in the company's bulk business and a year-on-year scale decline [1] - Increased competition within the industry amid economic uncertainty has resulted in a temporary decline in the company's overall gross profit margin, further compressing profit margins [1] - Demand for existing housing renovations and overseas markets is still in a gradual release phase, which is insufficient to fully offset the downward pressure from the main sales channels [1]

Group 1 - The total retail sales of consumer goods in 2025 reached 50.1 trillion yuan, with a growth rate of 3.7%. The contribution rate of final consumption expenditure to economic growth was 52%, highlighting its role as a main engine for economic development [1] - The retail sales of durable goods showed a positive trend, with the sales from trade-in programs reaching 2.61 trillion yuan, benefiting 366 million people. The retail volume of passenger cars reached 23.74 million units, growing by 3.8%, with a penetration rate of 53.9% for new energy vehicles [1] - Retail sales of home appliances exceeded 1.17 trillion yuan, growing by 11%, while retail sales of communication equipment, cultural and office supplies, and furniture grew by 20.9%, 17.3%, and 14.6% respectively [1] Group 2 - The retail sales of daily consumer goods grew steadily, with retail sales of grain and oil food increasing by 9.3%. Health-conscious consumption became mainstream, with organic and green agricultural products gaining popularity [2] - Retail sales of sports and entertainment products grew by 15.7%, driven by high demand for ice and snow sports, hiking, and cycling equipment. Sales of smart glasses, smartwatches, and smart bands increased by over 40% [2] - The retail sales of cosmetics grew by 5.1%, influenced by Eastern aesthetics, while gold and silver jewelry sales increased by 12.8%, reflecting consumer preference for products that blend traditional cultural elements with modern design [2] Group 3 - The release of new products in the smart connected vehicle and smartphone sectors stimulated consumer activity. Domestic brands gained popularity, with collaborations between traditional brands and new consumption brands creating innovative products and experiences [2] - The "IP + consumption" trend thrived, with sales of movie merchandise during the summer season doubling year-on-year, leading to a surge in consumer interest [2]

智通财经APP获悉，国泰海通发布研报称，美国家具零售商主动补库，2025年9月批发商进入被动去库 周期。若美国继续降息，与利率环境高度相关的地产有望继续复苏，零售商销售额同比继续改善，同时 由于库销比在历史低位，有望启动补充，直接带动家具进口金额上行，中游制造订单回暖。出口链头部 公司的超额利润往往来自精确的细分行业定位，工艺成本管控know-how积累，以及具备差异化的产品 和渠道运营能力。 地产先行，零售商动销加速，同时启动补库。若美国继续降息，与利率环境高度相关的地产有望继续复 苏，零售商销售额同比继续改善，同时由于库销比在历史低位，有望启动补充，直接带动家具进口金额 上行，中游制造订单回暖。 国泰海通主要观点如下： 风险提示：原材料价格大幅波动、国际贸易形式变化等。 美国家具库存周期位置：零售商主动补库，批发商被动去库 从家具品牌及渠道最新财报库销比看，家居品牌商库销比普遍历史低位，基本符合零售商2023年5月年 以来多去库、少补库的趋势。家具建材渠道商库存表现分化，但整体看库存水位高于品牌商，基本符合 2024年9月以来批发商多补库、少去库的趋势。此外，家得宝最新库销比已回归历史常态水平，进一步 补 ...