According to reports, my country is the world's largest furniture manufacturing and exporting country. Since the beginning of this year, furniture export orders have been continuously hot, and various companies are ramping up production. According to the General Administration of Customs data, from January to August this year, the export value of furniture and its parts in my country reached 319.1 billion yuan, an increase of 12.3% compared to 284.18 billion yuan in the same period last year.

Caitong Securities believes that with the gradual end of overseas destocking, the restocking cycle may come, coupled with the potential recovery of the US real estate market under the interest rate cut in 2024, outbound corporate orders are expected to improve. It is recommended to focus on the light furniture export chain. In addition, subsidies in various regions are being implemented, and the demand for furniture is expected to be boosted. Earlier, two departments stated that they would directly allocate super-long-term special national bond funds to support local initiatives to enhance the ability to trade in old products for new ones, including promoting the purchase of items and materials used in home renovation, kitchen, and bathroom partial renovations, home aging upgrades, promoting smart home consumption, and advancing the replacement of household kitchen and bathroom consumer goods to promote smart home consumption. Mattresses, sofas, soft furniture, intelligent bathroom products, and other segmented areas are expected to benefit.

According to the Financial Data Center, among related listed companies:

Jason furniture's functional sofas, functional single chairs, smart beds, and other smart products can be integrated with the Hongmeng ecosystem, connected to the 'Smart Life' app, and achieve smart control.

Asia vets is a high-tech enterprise mainly engaged in the research and development, design, production, and sales of smart electric sofas, smart electric beds, and their core accessories.