从资金流向上来看，当日厨卫电器板块主力资金净流入1256.7万元，游资资金净流出3679.38万元，散户 资金净流入2422.68万元。厨卫电器板块个股资金流向见下表： 证券之星消息，10月31日厨卫电器板块较上一交易日上涨1.32%，日出东方领涨。当日上证指数报收于 3954.79，下跌0.81%。深证成指报收于13378.21，下跌1.14%。厨卫电器板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 603366 | 日出东方 | 10.11 | 2.22% | 40.56万 | 4.06 Z | | 300911 | 亿田智能 | 39.17 | 2.06% | 6.46万 | 2.50亿 | | 002508 | 老板电器 | 19.55 | 1.98% | 12.59万 | 2.44(Z | | 300894 | 火星人 ▼ | 12.53 | 1.70% | 6.26万 | 7792.59万 | | 605336 | 帅幸电器 | 15.49 | 0.78% | ...

（文章来源：证券日报） 证券日报网讯浙江美大10月30日在互动平台回答投资者提问时表示，公司持续深耕核心产品市场，并积 极推动其他梯队产品的销售增长，以更好的满足市场需求。 ...

从资金流向上来看，当日厨卫电器板块主力资金净流出954.68万元，游资资金净流入23.11万元，散户资 金净流入931.57万元。厨卫电器板块个股资金流向见下表： 证券之星消息，10月30日厨卫电器板块较上一交易日上涨0.45%，日出东方领涨。当日上证指数报收于 3986.9，下跌0.73%。深证成指报收于13532.13，下跌1.16%。厨卫电器板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 603366 | 日出东方 | 68'6 | 2.91% | 48.53万 | 4.87亿 | | 002508 | 老板电器 | 19.17 | 1.21% | 20.87万 | 4.05 Z | | 300894 | 火星人 | 12.32 | 1.15% | 9.19万 | 1.14亿 | | 300911 | 亿田智能 | 38.38 | 0.47% | 7.00万 | 2.73亿 | | 002035 | 来皇服役 | 6.39 | 0.16% | 9.36万 | 5990 ...

Group 1 - The report highlights that the wealth management market in China has seen a significant increase in scale, reaching a new high despite valuation rectification pressures, with a third-quarter increase of 1.46 trillion yuan, which is 620 billion yuan more than the same period last year [5] - The report indicates that the financial institutions' deposit growth has slowed down, with a total increase of 4.76 trillion yuan in deposits in the third quarter, which is a decrease of 400 billion yuan year-on-year [5] - The wealth management and bond fund scales have shown a year-on-year decrease in the second half of the year, while deposits have started to recover [5] Group 2 - The report discusses the growth potential of the pool cleaning robot industry, which has a current market size of 2.5 billion USD and is expected to grow to 4.21 billion USD by 2029, with a CAGR of 11.1% from 2024 to 2029 [6] - The company is positioned as a leading player in the pool cleaning robot market, holding a 9.2% market share and ranking third globally, with the top five manufacturers accounting for approximately 74.9% of the market [6] - The report emphasizes the company's competitive advantages, including strong R&D capabilities, comprehensive product offerings, and a robust multi-channel sales strategy [6] Group 3 - The report notes that the company has experienced a slowdown in revenue growth, with a 2025 year-to-date revenue of 1.76 billion yuan, reflecting an 18.7% increase year-on-year, while net profit has decreased by 29% [11] - The company is expected to face continued pressure on profitability due to significant investments in new product molds [11] - The report projects net profits for the company to be 121 million yuan, 145 million yuan, and 171 million yuan for 2025, 2026, and 2027, respectively, indicating a decline in 2025 followed by growth in subsequent years [11] Group 4 - The report indicates that the company has achieved a significant increase in revenue and net profit, with a third-quarter revenue of 19.68 billion yuan, representing a 129.19% year-on-year growth [31] - The new game "杖剑传说" has contributed significantly to the company's revenue growth, with total revenue from this game reaching 11.66 billion yuan in the first three quarters of 2025 [31] - The report highlights the company's strong performance in overseas markets, with a 59.46% year-on-year increase in overseas revenue [33]

公募基金方面，本期较上一季未再披露的公募基金共计18个，主要包括国泰中证全指家用电器ETF、广 发中证全指家用电器ETF、华夏回报混合A、天弘国证龙头家电指数A、华夏回报二号混合等。 养老金视角，本期较上一季度持股减少的养老金基金共计1个，即基本养老保险基金一零零三组合，持 股减少占比小幅下跌。 外资态度来看，本期较上一期持股增加的外资基金共计1个，即香港中央结算有限公司，持股增加占比 达0.12%。 2025年10月29日，浙江美大(002677.SZ)发布2025年第三季报。截至2025年10月28日，共有4个机构投资 者披露持有浙江美大A股股份，合计持股量达1149.43万股，占浙江美大总股本的1.78%。其中，机构投 资者包括香港中央结算有限公司、杭州纯阳资产管理有限公司-纯阳十号私募证券投资基金、基本养老 保险基金一零零三组合、上海辰运投资管理有限公司-辰运汇安私募证券投资基金，机构投资者合计持 股比例达1.78%。相较于上一季度，机构持股比例合计上涨了0.08个百分点。 ...

Investment Rating - The report maintains a "Buy" investment rating for the company [2][5] Core Views - The company has experienced significant revenue decline, with total revenue for Q1-Q3 2025 at 337 million yuan, down 48.52% year-on-year. The net profit attributable to shareholders was 18 million yuan, a decrease of 83.21% year-on-year [1] - In Q3 2025, the company's total revenue was 124 million yuan, down 36.16% year-on-year, and the net profit was 6 million yuan, down 37.91% year-on-year [1] - The gross margin for Q3 2025 decreased by 1.7 percentage points to 39.09% [1] - The company is expected to achieve net profits of 26 million yuan, 32 million yuan, and 35 million yuan for 2025, 2026, and 2027 respectively, reflecting a year-on-year decline of 76.1% in 2025, followed by growth of 23.0% in 2026 and 7.5% in 2027 [2] Financial Summary - For 2025, the company is projected to have total revenue of 483 million yuan, a decrease of 45.0% year-on-year, with a net profit of 26 million yuan [4] - The earnings per share (EPS) for 2025 is estimated at 0.04 yuan, with a projected price-to-earnings (P/E) ratio of 194.5 times [4] - The net asset return rate (ROE) is expected to drop to 1.3% in 2025, with a gradual increase to 2.2% by 2027 [4]

智通财经APP讯，浙江美大(002677.SZ)发布2025年三季度报告，前三季度，公司实现营业收入3.37亿 元，同比下降48.52%。归属于上市公司股东的净利润1789.43万元，同比下降83.21%。归属于上市公司 股东的扣除非经常性损益的净利润1620.58万元，同比下降84.72%。 ...

Core Viewpoint - The kitchen and bathroom appliance sector experienced a slight decline of 0.06% on October 28, with Aopu Technology leading the losses. The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1]. Group 1: Market Performance - Zhejiang Meida saw the highest increase in the sector, with a closing price of 7.93, up 9.99% and a trading volume of 271,300 shares, amounting to 212 million yuan [1]. - The overall trading volume for the kitchen and bathroom appliance sector was significant, with major stocks like Rishidongfang and Huoxingren also showing positive performance, increasing by 2.15% and 1.46% respectively [1]. - Aopu Technology, however, faced a notable decline, closing at 11.28, down 5.69% with a trading volume of 68,200 shares, totaling 77.73 million yuan [1]. Group 2: Capital Flow - The kitchen and bathroom appliance sector saw a net inflow of 88.5 million yuan from institutional investors, while retail investors experienced a net outflow of 61.83 million yuan [1]. - Zhejiang Meida attracted the most institutional investment, with a net inflow of 86.66 million yuan, accounting for 40.90% of the total [2]. - Aopu Technology had a net outflow of 13.39 million yuan from retail investors, indicating a negative sentiment among smaller investors [2].

Group 1 - Zhejiang Meida reported a revenue of approximately 337 million yuan for the first three quarters of 2025, a year-on-year decrease of 48.52% [1] - The net profit attributable to shareholders of the listed company was approximately 17.89 million yuan, a year-on-year decrease of 83.21% [1] - Basic earnings per share were 0.03 yuan, a year-on-year decrease of 82.35% [1] Group 2 - As of the report date, Zhejiang Meida's market capitalization was 5.1 billion yuan [2]

Financial Performance - The company's operating revenue for Q3 2025 was ¥124,296,904.22, a decrease of 36.16% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2025 was ¥5,612,152.92, down 37.91% year-on-year, while the net profit after deducting non-recurring gains and losses was ¥5,520,174.14, a decrease of 37.96%[5]. - For the first nine months of 2025, the total operating revenue was ¥336,581,164.82, representing a decline of 48.52% compared to the same period in 2024[8]. - Total operating revenue for the current period is ¥336,581,164.82, a decrease of 48.6% compared to ¥653,824,046.04 in the previous period[18]. - Net profit for the current period is ¥16,979,248.71, a decline of 83.8% from ¥104,867,245.96 in the previous period[19]. - Earnings per share for the current period is ¥0.03, compared to ¥0.17 in the previous period[20]. Cash Flow and Liquidity - Cash flow from operating activities for the first nine months of 2025 was a net outflow of ¥5,451,096.59, a decline of 127.03% compared to the same period last year[9]. - The net cash flow from operating activities was -5,451,096.59, compared to 20,164,191.76 in the previous period, indicating a significant decline[22]. - Total cash inflow from operating activities amounted to 376,050,424.19, while cash outflow was 381,501,520.78, resulting in a net cash flow deficit[22]. - The ending balance of cash and cash equivalents was 598,967,601.48, down from 825,300,272.88 at the beginning of the period, showing a decrease in liquidity[23]. - The company received 10,795,267.88 in cash related to operating activities, which is a decrease from 30,125,537.89 in the previous period[22]. - Payments to employees totaled 59,349,421.72, down from 82,438,812.23, indicating cost-cutting measures[22]. - The company reported cash outflows for taxes amounting to 40,545,445.30, compared to 100,140,448.30 previously, reflecting a decrease in tax liabilities[22]. Assets and Liabilities - The company's total assets as of September 30, 2025, were ¥1,619,055,059.82, a decrease of 13.97% from the end of the previous year[5]. - Total liabilities amount to ¥140,770,149.41, down from ¥227,214,660.56 in the previous period[17]. - Total equity attributable to shareholders of the parent company is ¥1,476,328,180.98, a decrease of 10.6% from ¥1,651,857,147.34 in the previous period[17]. - Cash and cash equivalents decreased from ¥920,481,983.34 to ¥598,967,601.48, a decline of approximately 35%[15]. - Accounts receivable increased from ¥12,375,431.91 to ¥17,000,336.55, representing a growth of about 37%[15]. - Inventory decreased from ¥49,940,593.89 to ¥45,943,005.35, a reduction of approximately 8%[16]. - Total assets decreased from ¥1,881,943,575.19 to ¥1,619,055,059.82, a decline of about 14%[16]. - Total non-current assets increased from ¥881,727,194.10 to ¥942,472,532.57, an increase of approximately 7%[16]. - Current liabilities decreased from ¥1,981,361.05 to ¥0 for accounts payable, indicating a significant reduction[16]. Investments - The company reported a significant increase in other equity instrument investments, rising by 1083.06% to ¥110,647,661.03, primarily due to investments in the automotive intelligent driving project[8]. - The net cash flow from investment activities was a net outflow of ¥106,443,116.12, a significant increase of 4813.91% compared to the previous year, attributed to investments in the automotive intelligent driving project[9]. - Cash flow from investing activities showed a net outflow of -106,443,116.12, compared to -2,166,158.00 previously, reflecting increased investment expenditures[22]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 61,219[11]. - The top three shareholders hold a combined 52.41% of shares, with Xia Zhisheng at 21.20%, Xia Ding at 20.99%, and Xia Lan at 10.22%[11]. - The company has no preferred shareholders as per the report[13]. - There are no significant changes in the top 10 shareholders' participation in margin trading[12]. Financial Reporting and Standards - The company did not undergo an audit for the third quarter financial report, which may affect stakeholder confidence[24]. - The company plans to implement new accounting standards starting in 2025, which could impact future financial reporting[24].