主笔人 庄子标，从事家具行业管理和研究工作近三十年，曾出版汇编《中国办公力量》及《中国办公时刻》等，现担任 广州市家具俱乐部理事长、办公联传媒集团董事长；同时担任广州市越秀区政协常委、海珠区工商联执委、南华 西街道商会会长等社会职务。 站在2025年的岁末回望，中国办公家具行业刚刚走过了一段极其不平凡的历程。如果将时间的指针拨回十年前，那时 的行业景象与今日截然不同。彼时，市场高歌猛进，订单纷至沓来，整个行业仿佛都沉浸在一种"大干快上"的亢奋之 中。 然而，时过境迁。经历了"口罩三年"的洗礼与随后经济下行周期的磨砺，曾经那些的喧嚣已然退去。当下的行业，正 处于一个痛苦的"去泡沫化"阶段。作为一名在这个行业摸爬滚打了近三十年的老兵，笔者深感有必要透过现象看本 质，与行业同仁们探讨一个命题：在变局之下，办公家具企业究竟该如何生存？ 一、狂热的代价： 我们大多只是"中小企业" 为什么会出现上述的盲目扩张？我认为，核心原因在于很多企业主迷失了自我，丧失了对自身实力的清醒认知。 被"面子工程"压垮的实体 回首过去十几年，国内办公家具行业曾一度陷入一种"怪圈"。 那时候，不少企业似乎患上了"土地厂房饥渴症"。为了买地、盖 ...

围绕"坚持创新驱动，加紧培育壮大新动能"，会议作出一系列部署。其中，"建设北京（京津冀）、上海（长三 角）、粤港澳大湾区国际科技创新中心"备受关注。 从事信息技术服务的四川乐政科技已在北京、上海成立分公司，在深圳建立工作站。 （来源：千龙网） 新华社北京12月23日电"强化企业创新主体地位""扩大优质商品和服务供给""制定全国统一大市场建设条例"……日前 召开的中央经济工作会议，提出一系列与企业发展息息相关的重大部署、重要举措，为企业发展释放红利、注入动 力。 向新向优，推动产业转型升级 冬日的贵阳，贵州翰凯斯智能技术有限公司内，技术人员正对刚下线的无人驾驶小巴进行测试。不久后，这些产品将 销往30多个国家和地区。 "人工智能已经融入我们设计、自动驾驶和云端调度等环节，成为提升产品迭代速度与制造效率的关键。"公司创始人 喻川格外关注中央经济工作会议提出的深化拓展"人工智能+"。他认为，这将加速推动AI技术从概念走向产业、从单 点突破走向系统赋能，为企业发展注入强劲动能。 喻川为参观者介绍产品特点。新华社记者 向定杰 摄 "科创中心的资源集聚，能够帮助企业实现资源协调共享和产业成果互动，大幅降低创新成本、缩短攻 ...

新华社北京12月23日电 题：从中央经济工作会议看企业发展新机遇 新华社记者 "强化企业创新主体地位""扩大优质商品和服务供给""制定全国统一大市场建设条例"……日前召开的中央经济工作会议，提出一系列与企 业发展息息相关的重大部署、重要举措，为企业发展释放红利、注入动力。 向新向优，推动产业转型升级 冬日的贵阳，贵州翰凯斯智能技术有限公司内，技术人员正对刚下线的无人驾驶小巴进行测试。不久后，这些产品将销往30多个国家和 地区。 "人工智能已经融入我们设计、自动驾驶和云端调度等环节，成为提升产品迭代速度与制造效率的关键。"公司创始人喻川格外关注中央 经济工作会议提出的深化拓展"人工智能+"。他认为，这将加速推动AI技术从概念走向产业、从单点突破走向系统赋能，为企业发展注入强劲 动能。 喻川为参观者介绍产品特点。新华社记者 向定杰 摄 围绕"坚持创新驱动，加紧培育壮大新动能"，会议作出一系列部署。其中，"建设北京（京津冀）、上海（长三角）、粤港澳大湾区国际 科技创新中心"备受关注。 过去一段时间，翰博高新材料（合肥）股份有限公司董事长王照忠感受到了政策与金融支持的叠加效应。"在现金流承压时，中国银行安 徽省分行提 ...

过去一周（11月3日-11月9日），证监会新增披露，航中天启（重庆）微电子股份有限公司（下 称"航中天启"）、安闻科技集团股份有限公司（下称"安闻科技"）、映恩生物（下称"映恩生物"）、武 汉嘉晨电子技术股份有限公司（下称"嘉晨电子"）、内蒙古东源环保科技股份有限公司（下称"东源环 保"）、广东精一家具股份有限公司（下称"精一股份"）、深圳市中基自动化股份有限公司（下称"深圳 中基"）、安徽新远科技股份有限公司（下称"新远科技"）、宁波锦莱化工股份有限公司（下称"锦莱化 工"）、华诺星空技术股份有限公司（下称"华诺星空"）等10家公司进行了IPO辅导备案。 IPO日报注意到，航中天启2024年营收累计超过10亿元，深创投、两江资本、复星创富、久科投资 等机构股东参投；国投招商领投的安闻科技谋求IPO；港股上市公司、市值高达271亿港元的映恩生物 拟回A股科创板上市，2025年上半年亏损额暴增；嘉晨电子历经8轮融资，投资方包括洪泰基金、联通 中金基金、绿能股权投资等；内蒙古环保水务龙头东源环保谋求上市；精一股份面临增收不增利状况； 深圳中基服务宁德时代、比亚迪等知名客户，但业绩下滑明显；新远科技IPO撤单一年半 ...

Group 1 - The 2025 Guangdong Province Live Job Recruitment Event will host 40 online job fairs from July to December 2025, guided by the China Small and Medium Enterprises Development Promotion Center and co-hosted by various provincial departments [2] - The 31st session of the event will focus on the Foshan area, scheduled for November 11, 2025, from 10:00 to 12:00 [4] Group 2 - Guangdong Dianjiangjun Energy Technology Co., Ltd. is a large comprehensive energy solution provider established in 2013, focusing on advanced energy storage systems and covering the entire industry chain [5] - The company has a total investment of 2 billion yuan and operates in four core areas: small power batteries, eVTOL batteries, AI industrial power supplies, and marine batteries [5] - The company is recruiting for various positions, including Process Engineer (1 position, monthly salary 8k-15k), Electronic Engineer (1 position, monthly salary 12k-18k), and Sales Manager (2 positions, monthly salary 12k-15k) [5][6] Group 3 - Yiao Group, founded in 1983, specializes in the research, production, and sales of mattresses, sofas, and pillows, and has been a leading exporter for 30 consecutive years [6] - The company has a production capacity of over 6 million mattresses annually and operates more than 3,600 stores globally [6] Group 4 - Guangdong Shenglu Communication Technology Co., Ltd., established in 1998, is a national high-tech enterprise specializing in antenna and RF technology, listed on the Shenzhen Stock Exchange in 2010 [8] - The company has over 400 patents, with nearly 25% being invention patents, and is recognized as a national intellectual property demonstration enterprise [9] - The company is hiring for multiple positions, including Antenna R&D Engineer (10 positions, monthly salary 8k-15k) and Microwave Engineer (10 positions, monthly salary 8k-15k) [9] Group 5 - Guangdong Xiong Plastic Technology Group Co., Ltd., founded in 1996, is a leading brand in the plastic pipe industry with an annual output value exceeding 2 billion yuan [10] - The company has six production bases and has been recognized as one of the "Top 500 Manufacturing Enterprises in Guangdong Province" [10] - The company is looking to fill various positions, including Assistant to the Chairman (1 position, monthly salary 20k-30k) and Audit Manager/Supervisor (1 position, monthly salary 10k-15k) [11]

Core Insights - The article highlights the success of JD's exclusive co-creation model, which has led to significant sales achievements and market adaptability in the home appliance sector [1][2][12] Group 1: Exclusive Co-Creation Model - JD's exclusive co-creation model has resulted in over 300 billion yuan in GMV from more than 100 home appliance brands in just over a year [2] - This model emphasizes deep collaboration among users, platforms, and brands, focusing on precise user needs and efficient supply chain innovation [1][2] Group 2: Market Opportunities - The home appliance industry faces challenges such as price wars, product homogenization, and fragmented channels, leading to low profitability for brands [3][4] - There is a growing demand for high-end cookware and sanitary products, but high production costs and market saturation have made it difficult for brands to meet these needs [4][5] Group 3: Product Development and Efficiency - Brands like 康巴赫 and 恒洁 have leveraged JD's model to focus on creating "explosive" products, allowing them to concentrate on R&D and production [6][9] - The collaboration has led to significant improvements in production efficiency, with 恒洁 reporting a 20% increase in production efficiency and a 20% reduction in logistics costs [8] Group 4: Consumer Trends and Brand Strategy - Consumers are shifting from "replacement" to "upgrade" in their purchasing behavior, seeking higher quality products within the same budget [4][11] - Brands are moving away from a multi-SKU strategy to focus on star products, which has not led to a loss of customers but rather increased consumer confidence in their offerings [11] Group 5: Future Potential - The exclusive co-creation model is expected to continue driving growth for both JD and its partner brands, creating a sustainable ecosystem that benefits all parties involved [12]

Core Insights - The AI hardware sector is experiencing significant growth, with companies like Plaud entering the Chinese market and established players like DingTalk and 360 launching similar products, indicating a competitive landscape [1] - AI hardware is becoming a new entry point in the AI industry, with applications expanding beyond traditional markets to include toys and office furniture, as companies leverage AI for enhanced functionality [1][4] - The global market for quadruped robots is projected to exceed $180 million in 2024, with Chinese manufacturers leading the market due to their robust supply chains and cost-effective products [2][3] Group 1: Market Dynamics - Plaud, an AI hardware startup, is targeting overseas markets while also entering China, reflecting a trend of hardware manufacturers looking abroad for growth opportunities [1] - The quadruped robot market is expected to see a shipment of approximately 20,000 units in 2024, with applications in various sectors such as electricity and public safety [2] - Companies like Saint-Ao Technology are integrating AI into their products, such as smart desks, and are also focusing on global expansion to capture market share [4][6] Group 2: Technological Advancements - AI hardware is seen as a critical area for the application of AI, with advancements enabling remote control of robots over long distances, enhancing operational capabilities [2][3] - The integration of AI into everyday products, including toys and office supplies, is gaining traction, with companies like OpenAI planning to release a range of AI hardware products by 2026 or 2027 [7][8] - The current landscape suggests that the next phase of AI development will occur at the hardware level, moving away from traditional data centers to more personal and accessible devices [3][5]

Financial Data and Key Metrics Changes - The company reported a revenue increase of 5% year-over-year, reaching $897 million, marking the highest quarterly results in the past five years [4][9] - Adjusted earnings per share were $0.45, exceeding expectations due to higher revenue and favorable gross margins [9] - The adjusted operating margin improved to 8.4%, a 40 basis point increase compared to the prior year [10] Business Line Data and Key Metrics Changes - The Americas segment achieved an adjusted operating margin of 11%, remaining flat compared to the previous year [10] - The international segment saw a revenue growth of 13%, with 8% organic growth, driven by strong performance in India [4][10] - Orders grew by 6% in the second quarter, with an 8% increase in the Americas, primarily from large corporate customers [5][11] Market Data and Key Metrics Changes - Strong order growth was noted in the financial services and technology sectors, while the education sector experienced a decline due to changes in federal funding policies [6][11] - The international segment's growth was offset by declines in Germany and France, which faced macroeconomic challenges [5][10] Company Strategy and Development Direction - The company is focused on transforming workplace environments to support new ways of working, capitalizing on the ongoing trend of redesigning office spaces [6][7] - The proposed merger with HNI Corporation is expected to enhance market reach and combine industry-leading brands [7] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery in large corporate demand, which is stronger than anticipated [18] - The company is not providing forward-looking guidance due to the pending merger with HNI Corporation [9] Other Important Information - The company incurred $10 million in restructuring costs in the international segment, primarily related to the exit of salaried employees in EMEA [10] - Total liquidity at the end of the quarter was $427 million, with total debt at $447 million [12] Q&A Session Summary Question: Can you break out the outperformance in terms of volume versus price increases? - Management indicated that the 8% order growth in the Americas was primarily driven by volume rather than price increases, which contributed only a couple of percent [16] Question: Are there plans for additional price increases? - Management refrained from commenting on future pricing actions but noted that they were able to offset year-over-year inflation and tariff costs with earlier pricing actions [17] Question: How do current end markets compare to earlier expectations? - Management stated that current end markets are more favorable than previously anticipated, with strong demand from large corporate customers [18] Question: What is the demand profile in the Americas? - Management noted that clients are rethinking their office spaces, focusing on outcomes and redesigning spaces to support collaboration and connection [25] Question: Can you discuss profitability improvements in the international segment? - Management highlighted improvements in both Asia-Pacific and EMEA, with Asia-Pacific showing demand improvement and EMEA benefiting from revenue growth and cost reductions [28][29] Question: What is the cadence of order patterns in the Americas? - Management reported that order patterns were steady throughout the quarter, with no unusual fluctuations [39] Question: How are customers rethinking office spaces post-COVID? - Management observed that customers are increasingly focused on redesigning spaces to attract talent and support new working styles, incorporating privacy and collaboration solutions [42]

Financial Data and Key Metrics Changes - The company reported second quarter revenue of $897 million, exceeding expectations and marking a 5% increase year-over-year, the highest quarterly results in the past five years [4][8] - Adjusted earnings per share were $0.45, also above the estimated range, driven by higher revenue and favorable gross margins [8][9] - Organic revenue growth was 4%, with 3% growth in the Americas and 8% growth internationally [9] Business Line Data and Key Metrics Changes - The Americas segment achieved an adjusted operating margin of 11%, while the international segment improved adjusted operating results by $5 million compared to the prior year [4][9] - Orders grew by 6% in the second quarter, with an 8% increase in the Americas, primarily driven by large corporate customers [5][10] - The international segment saw strong order growth in India, offset by declines in Germany and France due to macroeconomic challenges [5][10] Market Data and Key Metrics Changes - The international segment posted 13% revenue growth, including 8% organic growth, with particularly strong results from India [4][9] - The Americas growth was partially offset by a decline from education customers, influenced by changes in federal funding policies [9][10] - Demand in the Asia-Pacific region improved, while EMEA faced challenges primarily in Germany and France [25][26] Company Strategy and Development Direction - The company is focused on transforming workplace environments to support new ways of working, capitalizing on the ongoing trend of redesigning office spaces [6][40] - The proposed merger with HNI Corporation is expected to enhance market reach and combine industry-leading brands [7][45] - The company is committed to executing its strategy during the transition period and anticipates significant benefits from the merger [7][45] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery in large corporate demand, noting that it is occurring at a higher level than anticipated [15] - The company is seeing a consistent theme of clients rethinking their office spaces to enhance creativity, collaboration, and connection [22][40] - Management did not provide forward-looking guidance due to the pending merger but remains encouraged by the momentum in the business [8][11] Other Important Information - The company incurred $10 million in restructuring costs in the international segment, primarily related to the exit of salaried employees in EMEA [9] - Total liquidity at the end of the quarter was $427 million, with total debt at $447 million [11] Q&A Session Summary Question: Can you break out the outperformance in terms of volume versus price increases? - Management indicated that the 8% order growth in the Americas was primarily driven by volume rather than price increases, which contributed only a couple of percent [13] Question: Are there plans for additional price increases? - Management refrained from commenting on future pricing actions but noted that they were able to offset year-over-year inflation and tariff costs with earlier pricing actions [14] Question: How do current end markets compare to earlier expectations? - Management stated that end markets are more favorable than anticipated, with strong demand from large corporate customers despite declines in the education sector [15] Question: What is the demand profile in the Americas? - Management noted that clients are rethinking their office spaces, focusing on outcomes and redesigning spaces to support collaboration and connection [22] Question: Can you clarify the profitability improvement in international markets? - Management confirmed that both Asia-Pacific and EMEA improved profitability, with Asia-Pacific showing demand improvement, particularly in China [25][26]

Financial Data and Key Metrics Changes - The company reported second quarter revenue of $897 million, which was above the estimated range due to stronger than expected orders from large corporate customers and favorable shipment timing in the Americas segment [9] - Adjusted earnings per share were $0.45, exceeding estimates driven by higher revenue and favorable gross margins [9] - Organic revenue growth was 4% year-over-year, with 3% growth in the Americas and 8% growth internationally [10] Business Line Data and Key Metrics Changes - The Americas segment achieved an adjusted operating margin of 11%, remaining flat compared to the prior year [10] - The international segment improved adjusted operating results by $5 million compared to the prior year, driven by cost reduction actions [4][5] - Orders grew by 6% in the second quarter, with an 8% increase in the Americas, primarily from large corporate customers [11] Market Data and Key Metrics Changes - The international segment posted 13% revenue growth, including 8% organic growth, with strong results from India [4] - In the Americas, order growth was driven by the financial services and technology sectors, while education customers experienced a decline [11] - The international order decline was primarily due to weaknesses in Germany and France, offset by growth in India and Japan [11] Company Strategy and Development Direction - The company is focused on transforming workplace environments to support new ways of working as employees return to the office [6][47] - The proposed merger with HNI Corporation is expected to expand market reach and combine industry-leading brands [7] - The company is aligning resources to focus on the best opportunities in markets facing macroeconomic challenges [5] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery in large corporate demand, noting it is occurring at a higher level than anticipated [15] - The company is encouraged by the momentum sustained into the second quarter, particularly from large corporate customers [12] - Management highlighted the need for customers to redesign their spaces to attract talent and support new working styles [42] Other Important Information - The company incurred $10 million in restructuring costs in the international segment, primarily related to the exit of salaried employees in EMEA [10] - Total liquidity at the end of the quarter was $427 million, with total debt at $447 million [12] Q&A Session Summary Question: What was the breakdown of volume versus price increases in the outperformance? - Management indicated that the 8% order growth in the Americas was primarily driven by volume rather than price increases, which contributed only a couple of percent [15] Question: Are there plans for additional price increases? - Management refrained from commenting on future pricing actions but noted that they were able to offset year-over-year inflation and tariff costs with earlier pricing actions [16] Question: How do current end markets compare to earlier expectations? - Management stated that the end markets are more favorable than previously anticipated, with strong demand from large corporate customers [17] Question: What is the demand profile in the Americas? - Management noted that clients are rethinking their office spaces, focusing on outcomes and redesigning spaces to support collaboration and connection [24] Question: How did profitability improve in the international segment? - Management highlighted improvements in both Asia-Pacific and EMEA, with Asia-Pacific showing demand improvement and EMEA benefiting from revenue growth and cost reductions [27][28]