Group 1: Furniture Industry Performance - In the first five months of the year, retail sales of furniture products in China increased by 21.4% year-on-year, while the overall revenue of the light industry reached 9.27 trillion yuan, with a 7.0% increase in added value for large-scale light industry [1][2] - The furniture industry reported a total revenue of 248.87 billion yuan from 7,421 large-scale enterprises, a decrease of 3.9% year-on-year, and a total profit of 7.92 billion yuan, down 27.9% year-on-year [1][2] - Exports of the furniture industry totaled 28.98 billion USD, reflecting a year-on-year decline of 8.2% [1] Group 2: New Standards and Guidelines - The "Healthy Consumption Guide for Wood-based Panels" was released, focusing on consumer-friendly information regarding formaldehyde limits and purchasing strategies [2] - A new national standard for harmful substances in furniture, effective from July 1, 2024, sets stricter limits on formaldehyde, benzene, toluene, xylene, and TVOC [2][3] Group 3: Market Developments - The water-based interior wall paint is now subject to mandatory CCC certification, with strict enforcement against unlicensed production and counterfeit certification [4] - The Cologne International Garden Exhibition featured over half of its exhibitors from China, showcasing advancements in green design and sustainable materials [4] Group 4: Company Initiatives - Juran Smart Home opened its 806th store in Shanghai with a total investment of 12.5 billion yuan, aiming to create a smart home experience center [4] - Kuka Home disclosed a blacklist of 97 unauthorized online stores, emphasizing strict control over sales channels and after-sales service [5] - Three companies, Rose Island, Tutu, and Hualai Technology, had their IPO applications accepted by the Beijing Stock Exchange, with plans to raise funds for various projects [6] - Serta won a trademark infringement case, receiving 1.1 million yuan in compensation [7] - Haoleke strategically invested in Jixiang Technology to enhance its smart home offerings [7] - Lixil Group's Guangzhou International R&D Center was inaugurated, focusing on local market investments and global sharing strategies [8] - Beiwow launched new products and opened a boutique showcasing three model homes, emphasizing a complete home decoration service [9][10]