从银发族引领智能产品消费热潮到文旅IP衍生消费撑起旅游市场增长，再到IP联名产品风靡全网，消费 市场的活力密码藏在"品质"二字里。当下，消费升级早已不是简单的"买贵的"，而是追求"更好的"。政 策保驾护航、产品迭代升级、场景创新增效，政府、生产企业、销售平台等各方协同发力，共同勾勒出 品质驱动消费升级的新图景。 场景创新，为品质消费拓展边界。消费场景的革新，让消费品质升级渗透到生活的方方面面。在文旅领 域，台儿庄古城用VR技术重现明清盛景，"只有河南"靠沉浸式演出快速出圈，数字技术让文旅IP从"看 得见"变成"玩得爽"，推动文旅消费从观光型向体验型升级。在社区消费端，"一刻钟便民生活圈"融合 健康服务等元素，消费者在家门口就能享受品质服务；线上线下融合的适老化消费专区，配套24小时医 护咨询，让品质消费更具便捷性。 品质引领消费升级，本质上是满足人民对美好生活的向往。从政策层面的制度保障到企业层面的产品革 新，再到场景层面的体验升级，三者环环相扣，构建起"需求牵引供给、供给创造需求"的良性循环。当 每一位消费者都能在日常消费中感受到品质的提升、服务的温度，消费市场的活力自然会充分涌动。这 正是品质消费的应有之 ...

经济日报发布对2025年消费及商业领域热点现象的系统观察，盘点出2025年十个消费&商业热词，分别 为："AI"、"机器人"、"外卖大战"、"超级供应链"、"文旅深融"、"体重管理"、"赛事经济"、"情绪健 康"、"银发经济"、"跨界联动"。 超级供应链：数字技术更广泛应用于产业升级 创造更大社会价值 在 "以新需求引领新供给、以新供给创造新需求" 的政策导向下，供应链的战略价值愈发凸显。国家统 计局数据显示，2025年上半年全国货运周转量同比增长5.1%，反映出产业链供应链运行效率的持续提 升。商务部明确将"海外仓+数字供应链"列为稳外贸的核心举措。同时，供应链金融规模迅速扩大， 2025年我国供应链金融市场规模已突破50万亿元，2019-2025年复合增速达18.6%。据中国贸促会金融服 务中心分析，供应链金融以约占社会融资总量15%的份额，稳定了上下游3000余万家民营、小微企业的 资金链，间接支撑了60%以上的城镇就业。 数字技术更广泛应用于产业升级，企业持续投入建设超级供应链基础设施。以京东为例，供应链基础设 施资产规模达1743亿元。企业实践中的诸多案例，也充分展现了超级供应链在效率提升、服务优化 ...

来源：环球网 12月11日，智能睡眠新锐品牌Stareep希瑞隆重举办新品发布会，并与清华大学未来实验室正式达成技术 合作。此次合作标志着双方产学研深度融合的新里程碑，将围绕智能床用户舒适体验前沿方向展开深度 研究，为智能家居行业注入持续创新的产学研新动力。 产学研深度融合希瑞构筑智能家居发展新范式 清华大学未来实验室肖晨茜表示，"这次合作不仅是技术层面的，更是科学研究范式与产业发展逻辑的 深度交融。我们正在共同开启智能家居的'科学时代'——一个以深度理解人为中心，以跨学科融合为方 法，以创造美好生活为目标的崭新阶段。与希瑞的合作，让我们能够将前沿研究成果快速应用于实际场 景，这种'从实验室到用户家中'的快速转化，对学术研究和产业发展都具有重要意义。" 此次合作不仅是希瑞与高校的强强联合，更是产业需求与学术研究的高度契合。Stareep希瑞凭借在智能 家居领域的技术积累和市场洞察，结合清华大学未来实验室在前沿技术研究上的深厚底蕴，共同探索以 智能床为代表的智能家居舒适新体验。 Stareep希瑞创始合伙人蔡彦明表示，与清华未来实验室的合作，是希瑞从"技术驱动"迈向"科学驱动"的 关键一步。我们不仅是在研发产品 ...

Core Viewpoint - The company is changing its name to better reflect its strategic positioning and business direction towards becoming a "technology-based sleep solution provider" [1] Group 1: Company Name Change and Strategic Shift - The board of directors of Xilinmen has approved a proposal to change the company's name from "Xilinmen Furniture Co., Ltd." to "Xilinmen Health Sleep Technology Co., Ltd." [1] - This name change aims to more accurately reflect the company's strategic positioning and business development direction [1] Group 2: Business Transformation and R&D Investment - Xilinmen has been continuously investing in sleep technology research and development, currently holding a total of 2,376 valid patents, including 73 valid invention patents [1] - The product range has expanded from traditional soft furniture to include smart deep sleep series [1] Group 3: Market Demand and Consumer Trends - Over 300 million people in China suffer from sleep disorders, with approximately 150 million requiring active intervention, according to the "2025 China Sleep Health Survey Report" [1] - The sleep economy market in China has exceeded 400 billion yuan, with increasing consumer emphasis on sleep quality [1] - Technologies such as smart sleep monitoring, sleep aid audio, biofeedback adjustment, and intelligent temperature and humidity control are becoming new standard features in products [1] Group 4: Competitive Landscape and Technological Advancements - In the international market, sleep technology has become a competitive focus, with leading brands like SleepNumber and EightSleep establishing technological advantages [2] - Xilinmen has made breakthroughs in the smart sleep field, upgrading core technology modules such as flexible air bags and intelligent sleep monitoring systems [2] - The company has achieved innovative breakthroughs in dynamic adjustment of mattress firmness and intelligent adaptation of sleep environments [2]

Group 1 - A traditional bedding company has transitioned from home products to health services by quantifying sleep quality through sensors, chips, and algorithms, promoting a healthier sleep experience [1] - The Chinese consumer market is undergoing a transformation from "total expansion" to "structural optimization," driven by demand and supply dynamics [4] - The dairy industry is focusing on precision nutrition, with increasing demand for products containing probiotics and whey protein, necessitating more refined processing for higher added value [4] Group 2 - Cheese consumption in China faces challenges in market adaptation, primarily relying on restaurant channels; companies like Yili are innovating to create new growth points by developing crispy cheese snacks for the retail market [4] - The matcha industry is rapidly growing, with domestic production expected to reach around 7,000 tons this year, expanding into various high-value sectors such as baking, beauty, and pharmaceuticals [4] - Consumer demand is becoming increasingly diversified, with emotional value becoming a core demand for many consumers, particularly in the pet industry, which is evolving towards a more humanized and high-end approach [7] Group 3 - The widespread application of artificial intelligence is reshaping consumer market dynamics, with brands like KinuPu utilizing AI to analyze consumer feedback and adapt products to meet differentiated needs [7] - New technologies are enhancing consumer experiences in retail environments, exemplified by Kudi Coffee's use of IoT to standardize coffee preparation across over 18,000 stores [7] - A recent implementation plan by the Ministry of Industry and Information Technology aims to enhance the adaptability of consumer goods supply and demand, encouraging companies to innovate on the supply side to meet diverse consumer trends [8]

Core Viewpoint - Qisheng Technology Co., Ltd. announced an investment of 99.90% in Jiaxing Dunsheng Beibei Equity Investment Partnership, focusing on smart healthcare and intelligent devices [1] Group 1: Investment Details - Qisheng Technology's wholly-owned subsidiary, Linsheng Investment (Hainan) Co., Ltd., plans to invest 99.90 million yuan in Jiaxing Dunsheng Beibei [1] - The investment will be made using the company's own funds [1] Group 2: Investment Focus - Jiaxing Dunsheng Beibei will primarily invest in smart healthcare, intelligent devices, and digital health services [1] - The fund aims to target enterprises or projects with investment value and potential returns [1] Group 3: Company Background - Qisheng Technology is a leading global provider of health sleep solutions and one of the largest smart bed manufacturers [1] - The company offers a product matrix that includes electric beds, memory foam mattresses, and smart beds [1] Group 4: Strategic Implications - The investment aligns with Qisheng Technology's strategy to explore potential sectors in smart healthcare and health products [1] - Utilizing professional investment experience is expected to enhance the company's industry development and broaden investment channels [1] - This move aims to improve investment returns for shareholders [1]

Core Insights - The article highlights the development status and opportunities within key industrial parks and economic development zones in Hainan, particularly focusing on the Hainan Ecological Software Park and the Yangpu Economic Development Zone [1] Group 1: Hainan Ecological Software Park - The Hainan Ecological Software Park is recognized as a key area for the early achievements of Hainan's free trade port policy and serves as a major platform for the development of the digital economy [1] - It has been designated as a national-level technology enterprise incubator, a national new industrialization industry demonstration base, and one of the first national digital service export bases [1] Group 2: Yangpu Economic Development Zone - The Yangpu Economic Development Zone showcases the development momentum of Hainan's petrochemical industry, particularly through the China Petroleum & Chemical Corporation's Hainan Refining and Chemical Company [1] - The Yangpu International Container Terminal is positioned to accelerate the development of a model for port and logistics [1] - The visit to Hainan University of Applied Sciences highlights the appeal of studying in Hainan, promoting educational opportunities [1]

Investment Rating - The investment rating for the company is "Buy" and is maintained [10]. Core Insights - The company reported a revenue increase of 29% year-on-year in Q3, with significant improvements in gross margin, net profit margin, and adjusted net profit margin, which rose by 3.6, 4.5, and 2.6 percentage points respectively [2][14]. - For the first three quarters of 2025, the company achieved revenues of 25.11 billion yuan, a 36% increase, and a net profit of 6.58 billion yuan, up 53% [6]. - The company has successfully expanded its market share in the U.S. functional sofa market, with expectations for further category expansion and globalization [2][14]. Summary by Sections Revenue and Profitability - Q3 revenue increased by 29% year-on-year, with gross margin, net profit margin, and adjusted net profit margin improving by 3.6, 4.5, and 2.6 percentage points respectively [2][14]. - The company has effectively mitigated the impact of tariffs, leading to sustained profitability improvements [2][14]. Market Expansion - The company has opened up global opportunities, particularly in the U.S., where revenue from this region accounted for 92% in the first half of 2025 [8]. - The company is conducting market research and product testing in non-U.S. regions to further expand its market reach [8]. Product Development - In addition to functional sofas, the company is exploring new product categories such as smart beds and recliners, leveraging existing manufacturing and client relationships [8]. - The company has accelerated team building, recruiting at least four U.S. sales VPs with over ten years of experience in the industry [8]. Customer Growth - The company has seen significant growth from both existing and new customers, with nine out of the top ten customers increasing their purchase amounts year-on-year [14]. - The company has expanded its partnerships with top U.S. furniture retailers, increasing the number of collaborations from 35 to 56 over the past three years [14]. Financial Forecast - The company is projected to achieve net profits of approximately 9.5 billion, 12.3 billion, and 15.4 billion yuan for the years 2025 to 2027, with corresponding price-to-earnings ratios of 23, 17, and 14 times [14].

Core Insights - The article highlights the growing issue of sleep disorders in China, with over 300 million people affected, and emphasizes the innovative approach of Mousse, a leading mattress manufacturer, in integrating AI technology into sleep products to address these challenges [2][12]. Group 1: Sleep Disorder Statistics - According to the China Sleep Research Society, over 300 million people in China suffer from sleep disorders, with approximately 150 million requiring active intervention [2]. - The prevalence of sleep issues is increasingly affecting younger demographics [2]. Group 2: Mousse's Technological Advancements - Mousse has been transitioning into a smart sleep service provider for five years, developing its eighth-generation smart mattress, T11Pro, which can automatically adjust to individual health needs and provide health warnings [2][11]. - The company has upgraded its smart bed to support the Harmony operating system, enabling multi-modal interaction and proactive health interventions [2][11]. Group 3: Collaboration with MIT - Mousse signed a cooperation agreement with MIT to develop the FiberCircuits platform, focusing on the application of smart fibers in sleep products and advancing AI in sleep research [3][11]. - The collaboration aims to integrate advanced technology into Mousse's products, enhancing the user experience and addressing modern sleep challenges [8][11]. Group 4: Smart Fiber Technology - Smart fibers, embedded with miniature integrated circuits, can provide feedback mechanisms such as light and sound, and are designed for real-time monitoring of physiological signals like heart rate and body temperature [4][6]. - The integration of smart fibers into mattresses allows for comprehensive data collection on users' sleep patterns, enabling personalized health management [6][7]. Group 5: Market Potential and Strategy - Mousse aims to become a leading player in the smart bedding market, with current penetration rates in overseas markets around 30%, compared to less than 5% in China, indicating significant growth potential [14]. - The company is focused on building a platform ecosystem centered on smart sleep, connecting various management and service aspects to enhance user experience [15].

Core Viewpoint - The article discusses the transformation of the traditional mattress manufacturer, Mousse, into a smart sleep service provider by integrating AI technology and smart fibers into their products, aiming to enhance sleep quality and health management for users [2][3][19]. Group 1: Market Context and Trends - Over 300 million people in China suffer from sleep disorders, with about 150 million requiring active intervention, indicating a growing market for sleep-related solutions [2]. - The trend of sleep disorders is becoming more prevalent among younger populations, highlighting the urgency for innovative sleep solutions [2]. Group 2: Technological Advancements - Mousse has developed its smart mattress product line over five years, with the latest iteration, T11Pro, capable of automatic adjustments to individual health needs and early warnings for potential health issues [2][3]. - The collaboration with MIT focuses on the development of smart fibers that can integrate sensors into flexible textiles, enabling real-time monitoring of various physiological signals such as heart rate and body temperature [5][7][8]. Group 3: Research and Development Collaboration - Mousse signed a cooperation agreement with MIT to advance the application of smart fibers in sleep products, aiming to enhance AI's role in sleep research [3][10]. - The partnership emphasizes the importance of basic research, system architecture, and core algorithm design to create a comprehensive smart sleep ecosystem [8][15]. Group 4: User Experience and Health Management - Mousse aims to provide users with actionable insights based on collected data, transitioning from passive health management to proactive health monitoring [9][19]. - The smart mattress will not only collect data but also analyze it to offer personalized recommendations for sleep, diet, and exercise, enhancing the overall user experience [9][19]. Group 5: Future Vision and Market Potential - Mousse envisions a future where smart sleep technology becomes integral to health management, with plans to expand its market presence both domestically and internationally [20]. - The company is focused on building a platform ecosystem centered around smart sleep, integrating various technologies and services to optimize sleep quality for users [20].