On September 19, 2023, the Jinhaima-Soonfor digitalization project was successfully closed. This Soonfor digitalization project launch involved the dealer channel end, all enterprise departments, and the production and manufacturing end. From kickoff to closure, it took only more than 70 consultant person-days and less than five months to complete efficiently, showing extremely strong team execution. 01 Results display: connecting full-chain data Jinhaima mainly operates upholstered furniture and is one of the earliest private home furnishing enterprises in China, a domestic brand with 40 years of history. This project realized convenient management from dealer management to full-process internal enterprise management and mobile production completion reporting, connected full-chain data, and greatly improved efficient collaborative operations from order receipt to shipment. The information application granularity of each department is detailed and high-quality, such as product system attribute management, real-time on-site work reporting and piece-rate wages, accurate cost accounting, and more... Specific benefits -> Platform-integrated informatization: realized interconnection among departments and among multiple systems; Intelligent online approval: made approval processes clearer; Standardized operation processization: solidified the operating processes of all departments; Basic data sharing: unified coding and unified management, and established a complete basic data system; BOM data sharing: built a BOM system and formula-based BOMs; Customer deposit control: the system automatically controls order placement after payment is received, and available balances are clear at a glance; Barcode-based finished goods warehouse: realized real-time and accurate management of item category batch numbers and independent-item multi-package matching numbers; Real-time warehouse accounting: linked quality inspection and provided an analysis basis for MRP demand; Convenient order inventory locking: improved inventory turnover; Business-finance integration: realized a closed data loop and clear accounts of all kinds, making management controllable; Department indicator dataization: data-based presentation makes company operating status clear at a glance. 02 Project closure: unify thinking and realize operation dataization 1. Speech by Jinhaima Director Fu Director Fu of Jinhaima said: Furniture manufacturing is about making physical products, and this requires introducing advanced management models to solve real problems in a practical way. On the road of digital transformation, what I care about most is management data, which is a pain point for our enterprise. With the Soonfor digital system, we can use tools to conduct operational analysis. The system can keep data synchronized and better support our management. In this process, the most important thing is whether we have an understanding of digitalization and a deep awareness of the role of standardization and dataization. 2. Speech by Jinhaima General Manager Zhai General Manager Zhai of Jinhaima said: Our purpose in launching the digital system is to realize dataization of the entire enterprise operation. The greatest role of the Soonfor system is that it unified our thinking and made us begin to respect processes and hold processes in awe. During use, we also saw the benefits of the system. The system is only a tool and an enabler, and ultimately it is we ourselves who must use it to maximize efficiency. Jinhaima has been in a very traditional industry from the beginning, but the more traditional the industry is, the more opportunities there are. In the process of enterprise development, we must improve our own professionalism. We will continue to improve and keep learning, and we also hope to have more cooperation with Soonfor in the future. 3. Speech by Jinhaima Project Manager Zhang Jie Starting from a comparison between the old and new systems, Jinhaima Project Manager Zhang Jie specifically introduced the benefit analysis and results display of using the Soonfor system, and emphasized matters that need to be strengthened and noted in daily work, as well as some experience and reflections from the entire project process. 4. Speeches by user representatives from all departments User representatives from Jinhaima departments such as R&D, customer service, production, and finance spoke, summarizing the work efficiency brought by the application of the Soonfor digitalization project and the convenience and benefits after use. 5. Distribution of award fund During the launch process of the Jinhaima-Soonfor digitalization project, the preliminary basic workload was heavy. All project members invested a great deal of energy and time, and many colleagues worked overtime and actively cooperated. The company therefore specially established an award fund to express its thanks.

03 About Jinhaima Jinhaima Furniture Co., Ltd., founded in 1984, is one of the earliest private home furnishing enterprises in China. The company belongs to Heungkong Group, stock code 600162. It is one of the top ten brands in the furniture industry recognized by the All-China Federation of Industry and Commerce, a famous trademark of Guangdong, a 3A credit enterprise, and one of the top 500 private enterprises in China. The company has three major production bases with a total area of nearly 200,000 square meters. Its main products are mattresses, upholstered beds, and sofas. It has more than 3,000 service outlets and an annual mattress production capacity of more than 1. million units, and has cumulatively provided mattress products for 30 million households in China. 04 Summary The market is constantly changing, management is becoming increasingly refined, and management levels must be continuously improved for enterprises to develop steadily. The closure of the Soonfor digitalization project has shifted Jinhaima's management from using management tools to continuously improving the management system, from being technology-led to being management-led, and from establishing management tools to establishing a management system. From this point, enterprise digitalization has truly begun. Congratulations on the successful closure of the Jinhaima-Soonfor digitalization project, and praise for the super-high execution of the Jinhaima project team.
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