Sleemon Furniture Co., Ltd. (SSE: 603008.SH) is a leading listed enterprise in China's mattress industry, successfully transforming from a traditional furniture manufacturer into a technology-driven provider of healthy sleep solutions. Centered on bedroom furniture, the company leverages a “hardware + data + service” closed-loop ecosystem, launching innovative products like the world's first brain
ChinaEst. 198410K+SSE : 603008
Business Nature
Sleemon
Vertically Integrated Specialty Manufacturer:
- In-house design, R&D, production, and global distribution
- Focused on mattresses and bedding products
- Primarily own brand operations with selective OEM services
Manufacturing Network:
- China: 7 production facilities Zhejiang, Guangdong, etc.
- Overseas: 1 production facility Thailand
- Annual capacity: 6+ million mattresses
- Workforce: 8,000+ employees
Material Consumption 2023:
- Springs: 500,000 tons annually
- Foam: 300,000 m³ annually
- Fabrics: 80 million m² annually
- Latex: 50,000 tons annually
Core Business Areas
Beds — [Core Products]
• Smart Beds: Electric adjustable beds
• Traditional Bed Frames: Solid wood beds, upholstered beds, and other basic bed frames
• Functional Beds: Beds with storage and other functional features
• Bedroom Furniture Accessories — [Absolute Core Advantage]
• Mattress Series: Full range including innerspring, memory foam, and latex mattresses
• Smart Sleep Systems: Smart mattresses with monitoring capabilities
• Sleep Accessories: Pillows, bedding, and related products
✅ Classification Codes: 2.1, 2.8
Note: Sleemon focuses on mattresses and bed products, with limited involvement in other bedroom furniture categories, but holds an absolute advantage in the mattress sector.
Bedroom Furniture Accessories accounts for 75% of bedroom revenue
Absolute Advantage Products:
• Innerspring Mattresses: Pocket spring series, price range ¥1,000-¥8,000
• Memory Foam Mattresses: Temperature-neutral memory foam, price range ¥2,000-¥12,000
• Latex Mattresses: Natural latex mattresses, price range ¥3,000-¥15,000
• Smart Mattresses: Sleep monitoring functionality, price range ¥5,000-¥20,000
Technical Features:
• Antibacterial and dust mite prevention technology
• Smart sleep monitoring
• Personalized support systems
• Eco-friendly material applications
Beds accounts for 25% of bedroom revenue
Complementary Products:
• Smart Bed Frames: Electric adjustable bed frames, price range ¥2,000-¥10,000
• Solid Wood Bed Frames: Various styles, price range ¥1,000-¥6,000
• Upholstered Beds: Fabric and leather options, price range ¥1,500-¥8,000
# Sleemon Furniture Co., Ltd. – Executive Summary
**Sleemon Healthy Sleep Technology Co., Ltd.** (formerly known as Sleemon Furniture Co., Ltd.) is a Shanghai Stock Exchange-listed company (stock code: 603008.SH) headquartered in Shaoxing, Zhejiang Province, China. Established in 1984, the company has evolved from a traditional furniture manufacturer into a leading health-focused sleep technology enterprise, earning a brand heat score of 820/1000 within China's mattress industry. In December 2025, the company officially changed its name to reflect its strategic pivot toward "healthy sleep technology," a move that was well-received by the market and drove a stock price increase.
The company's core business centers on bedroom furniture, particularly beds and mattresses, which remain its primary revenue driver. Its flagship products include the aise Bao Bao (aise宝褓) smart mattress and Smart One series, which have transformed from passive furniture into active sleep management platforms incorporating AI and sensor technology. Sleemon has also aggressively expanded into the smart home sector, with the 2025 launch of the world's first brain-computer interface AI mattress—"Bao Bao·BrainCo"—which integrates non-invasive EEG monitoring. The company additionally offers living room and dining furniture to provide comprehensive home furnishing solutions, operating under a "hardware (smart mattress) + data + service" closed-loop ecosystem model.
In terms of operational scale, Sleemon maintains seven global manufacturing bases (six in China, one in Thailand), with its Zhejiang facility recognized as an "Advanced Smart Factory" in Zhejiang Province, achieving 85% self-manufacturing rates for core modules. The company operates over 5,264 retail stores globally, including 4,855 Sleemon-branded stores and 409 stores for Italian premium sofa brand M&D. As of Q3 2025, the company reported revenues of 6.196 billion RMB (up 3.68% year-over-year) and net profits of 399 million RMB (up 6.45%), with gross margins consistently above 36%. With approximately 10,000 employees worldwide and cumulative R&D investments exceeding 1.2 billion RMB over the past decade, Sleemon holds 2,376 valid patents and commands 4.5% market share, ranking first in Asia.
Sleemon's key competitive advantages include its robust proprietary R&D capabilities, vertically integrated intelligent manufacturing system, and strong national brand recognition. Its strategic transformation from "furniture maker" to "healthy sleep technology provider" has been validated by the market, supported by partnerships with top institutions such as the General Administration of Sport of China and Tsinghua University, and L4-level smart certification for its products. Looking ahead, the company faces challenges in scaling the commercialization of cutting-edge technologies like brain-computer interfaces while maintaining technological leadership against intensifying market competition.
