技术升级驱动转型，AI赋能睡眠产品全面落地 8月21日，睡眠健康龙头喜临门(603008.SH)披露2025年半年度报告。报告期内，公司实现营业收入40.21 亿元，同比增长1.59%;归属于上市公司股东的净利润2.66亿元，同比增长14.04%;扣非净利润2.60亿元， 同比增长16.45%。在行业整体承压的大背景下，喜临门通过持续的产品创新和智能化转型，展现出稳 健的发展韧性与较强的盈利弹性。 财务表现稳健向好，盈利质量持续改善 尽管上半年家俱制造业整体营收同比下降4.9%、利润总额下滑23.1%，喜临门依然实现了逆势增长，展 现出良好的财务韧性。 从盈利能力来看，公司综合毛利率提升至36.3%，同比上升1.5个百分点，其中第二季度单季毛利率达到 38.4%，同比大幅提升2.6个百分点。华泰证券研报认为，这主要得益于公司业务结构优化，高毛利率的 自主品牌牀垫收入同比增长19%，显著快于整体营收增速，而OEM代工业务收入占比下降。 费用端表现亦趋稳健。销售费用同比增长8.42%，反映出公司加大品牌推广及线上投放力度;但管理费用 同比下降6.02%，财务费用因汇兑收益增加下降23.05%，整体期间费用率仅为2 ...

Core Viewpoint - The company reported a net profit of RMB 266,491,172.67 for the first half of 2025, with a proposed cash dividend distribution of RMB 2.80 per 10 shares, amounting to a total of RMB 104,003,614.40, which represents 39.03% of the net profit attributable to shareholders [3][27][47]. Group 1: Financial Performance - The company achieved a revenue of RMB 4.021 billion in the first half of 2025, reflecting a year-on-year increase of 1.59% [13]. - The net profit attributable to shareholders increased by 14.04% year-on-year, reaching RMB 266.49 million [13]. - The company’s undistributed profits as of June 30, 2025, amounted to RMB 2.487 billion [3][26]. Group 2: Dividend Distribution - The proposed cash dividend is RMB 2.80 per 10 shares, with a total distribution of RMB 104 million, subject to shareholder approval [3][27][49]. - The dividend distribution plan was approved by the board and will be submitted for shareholder meeting approval [9][29][49]. Group 3: Corporate Governance - The company held its sixth board meeting on August 20, 2025, where the half-year report and dividend proposal were approved unanimously [42][44]. - The company emphasizes compliance with legal regulations and internal management systems in its reporting processes [7][45]. Group 4: Strategic Initiatives - The company is transitioning from a traditional furniture manufacturer to a technology-driven sleep solution provider, focusing on AI integration in its products [13][14]. - Significant technological advancements include the upgrade of formaldehyde removal technology and the introduction of new AI product lines [14][15]. Group 5: Investor Relations - The company is committed to enhancing communication with investors, having disclosed 32 temporary announcements and 2 periodic reports during the reporting period [20][21]. - An investor meeting is scheduled for September 2, 2025, to discuss the half-year results and address investor inquiries [34][35].